Boston is a city of the old and the new. It encapsulates tradition alongside innovation, reflected in its rank by the Innovation that Matters committee as the #1 city in the nation for fostering entrepreneurial growth and innovation in 2016.
What contributes to Boston’s ‘wicked good’ innovation community?
Education – Boston is home to 35 colleges and universities, including some of the top institutions in technology, computer science and biotech. This includes Ivy-League rivals MIT and Harvard, alongside Boston University, Boston College, Babson College, Tufts University and Northeastern University.It’s estimated that during term-time the population of Boston increases by 152,000 people.
These universities are competitive but also collaborative. Universities in Boston embrace innovation and the start-up sector. Whether they’re hosting accelerator programs or encouraging entrepreneurship clubs, these universities set graduates up to become active members and leaders in the start-up community.
Bill Clinton once famously said that MIT had “the best technology-transfer program in the country.” But it’s not just about MIT and its programs, such as the Global Startup Lab. The bridge between the universities and innovation includes Boston University’s Business Incubator Program; Northeastern’s IDEA; and Harvard University’s i-Lab.
Incubators – Incubators provide entrepreneurs with the space, services, equipment and mentorship needed to successfully grow their idea and business. There is an abundant choice of incubators in Boston, focused on specific markets and verticals including biotech, financial services, energy technology or digital technology. Some of the incubators that help shape ideas and startups around Boston include Autodesk BUILD Space; DCU FinTech; Greentown Labs; Hack/Reduce and RaizLabs XLR8.
Accelerators – Boston is home to dozens of accelerators. MassChallenge is one of the largest, behind the growth of 835 startups, and has raised $1.3 billion, generated over $500 million in revenue and created more than 6500 jobs. The reach and breadth of accelerators help startups to find resources and connections needed to flourish. Other accelerators in Boston include Bolt; Fairmount LaunchPad; Founder Institute; LearnLaunch; TechStars and TiEScaleUp.
These are just a few of the reasons we love being part of the Boston’s innovation community. In the area and interested in startups and sales? Then come and join one of our free workshops in Boston or Cambridge.