INNOVATION ECOSYSTEM


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Boston is continuously ranked as one of the best places to launch a startup, with an average investment of $1million in seed capital.

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Massachusetts ranks first in terms of venture capital per capita, and second in volume of venture capital in the US, with $6,16B invested in 2017.

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With 122 colleges and universities, Boston hosts world class talent in well renowned universities like Harvard or MIT.

 

WORLD’S LEADING LIFE SCIENCES SUPERCLUSTER


Massachusetts is the #1 US state in Life Sciences Venture Capital Funds and Employment per-capita.

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18 of the world’s top 20 biopharma companies maintain facilities in Boston, along with over 550 other biotechnology/pharmaceutical companies.

All 20 of the world’s leading medtech and diagnostics firms have a physical presence in Massachusetts, along with more than 400 medical device and diagnostic companies.

 
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$3,6B have been invested in life science startups only in Massachusetts in 2017, a new record!

 

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37% of all biotechnology venture funding deals in 2017 were with Massachusetts companies.

Top 5 National Institutes of Health (NIH)-funded research hospitals are located in Massachusetts.

 

GLOBAL CLEANTECH LEADER


 Massachusetts is the #1 state in the US for per-capita early-stage clean energy venture investment, beating out California.

Cleantech startups raised over $2.9B in venture capital between 2011 and 2016.

For the sixth year in a row, Massachusetts was named in 2017 the #1 efficient state in the US. Also, Boston was named the #1 energy efficient city in the US for four straight years.

 

Clean energy is an $11.4B industry in Massachusetts and represents 2.3 percent of the overall Massachusetts economy.

The Boston area is home to the majority of the cleantech innovation companies, accounting for over 200 New England companies active in early-stage cleantech innovation.

Boston is filled with industry incumbents such as like GE, National Grid, Veolia, Saint Gobain, or DSM - large organizations that have established market share, expertise, customers and distribution channels within the state.

 


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The Richi Foundation is a nonprofit organization whose mission is to ensure that all children who suffer from cancer have the best prognosis and quality of life. All the proceeds from the Richi Entrepreneurs Immersion Program will go to support the Richi Foundation’s mission.