New Business | SocMetrics thrives in "bump & connect" | Gov. Patrick launches Advanced Manufacturing Collaborative
Innovation | Seaport & Kendall Square are hotbeds for development | Kendall Square fertile for next big idea
Entrepreneurs | Cambridge's Fenugreen takes top honors in Global Startup Open competition
Happening in Kendall Square | Artful events for the winter
SocMetrics thrives in Kendall Square "bump & connect" environment
An exclusive interview with co-founder Rebecca Xiong
In today’s world of the web and social media where everyone has a soapbox, it has become increasingly difficult for small business owners to leverage social media to gain exposure. Enter SocMetrics, a Kendall Square firm that identifies and helps small businesses engage influencers in your industry, and then measures direct results from the connections made.
Founded about a year ago, SocMetrics has grown quickly to over 30 customers and has gained attention after winning the MassChallenge, the global startup competition and accelerator program.
SocMetrics is built on the premise that not all who “speak” on the internet carry the same weight. Take for example, a blog written by a mother in Illinois who writes daily on the quality of baby products. With an active following of hundreds of thousands of moms who spend a combined $3.2 trillion, this one blog can significantly influence the sales of retailers in the baby product industry SocMetrics would help create value for these retailers by identifying her as a ‘key influencer’ empowering the retailers to engage her, and by extension her followers, in a targeted way rather than investing in undifferentiated social media psots where the audience is less certain.
SocMetrics does the work, in any industry, to locate these key influencers and then engage them. The software developed my SocMetrics then enables you to directly measure the impact of that engagement through media mentions, page hits, google searches, and a variety of other tools.
Rebecca Xiong, co-founder of SocMetrics, describes how the Kendall Square environment specifically helped her team to successfully build SocMetrics. “Being able to test quicly right in this space is very nice,” referencing her location in the Cambridge Innovation Center. She adds, “I’ve introduced other startups to their customers here as well.”
Xiong goes on to explain how the team-oriented culture in Kendall Square is a start contrast to the individually competitive startup culture she is familiar with in Silicon Valley. She cites the Friday brown bag lunches as a particular asset at the CIC,where entrepreneurs gather to practice their pitch, give critical feedback to their peers, and to share experiences. “All the entrepreneurs here are very frank with their opinions and there is great synergy” she says.
As SocMetrics has grown, they’ve increasingly found public relations agencies eager to use their product and are becoming a larger proportion of SocMetrics’ customers. For the future, they plan to grow features in their software and grow their business by targeting selected agencies and brands.
You can find more about SocMetrics at their site, www.SocMetrics.com, and on twitter @SocMetrics.
Governor Patrick launches Advanced Manufacturing Collaborative to support job growth
Governor joins partners to unveil new roadmap for manufacturing growth in Massachusetts
Governor Deval Patrick today launched the Advanced Manufacturing Collaborative and released a new roadmap for manufacturing job growth in Massachusetts during an address to the Advanced Manufacturing Partnership (AMP) regional meeting in Cambridge, hosted by the Massachusetts Institute of Technology.
“Our Administration is committed to preparing students and workers to compete and win in the 21st century global economy,” said Governor Patrick. “The creation of the Advanced Manufacturing Collaborative and the release of this new roadmap will help us grow jobs and opportunities in the manufacturing sector." Through depressing economic statistics, wildly fluctuating stock prices, and never-ending talk of another recession, Boston’s Seaport District and Cambridge’s Kendall Square have continued to charge ahead, generating huge amounts of investment as many other commercial areas struggle.
Building Bridges to Growth: A Roadmap for Advanced Manufacturing in Massachusetts, was developed by the Advanced Manufacturing Initiative steering committee convened by Governor Patrick in May 2010 and will guide the Advanced Manufacturing Collaborative in its work. The roadmap takes ideas from the state’s business and academic leaders to promote innovation, workforce development, access to capital and technical assistance to bolster the state's manufacturing sector. (...continued)
Islands of Economic Growth
Seaport and Kendall Square are hotbeds for development, defying a gloomy economy
(original story by Casey Ross, 11/6/11, Boston Globe)
More than $1 billion is pouring into the neighborhoods as technology, biotechnology, alternative energy, and other firms relocate, start up, and grow in these centers of the state’s economy. Office towers are rising, research labs expanding, restaurants sprouting, and companies hiring.
Kendall Square and the Seaport District are on the upside of turbulent economic times drawing sharp distinctions between haves and have nots, as investors and real estate developers place bets in the safest, most desirable ZIP codes to improve chances for positive returns. These areas have achieved what economic development specialists call critical mass, a threshold level of innovative companies and skilled workers that makes other firms and workers want to be there, too. (…continued)
Inside an Innovation Ecosystem
History, proximity, and serendipity make Kendall Square fertile ground for the next big idea
(original story by Jennifer Chu, 11/22/11, MIT News Office)
On Monday, on the edge of the MIT campus, representatives of MIT and Pfizer Inc., along with elected officials, participated in a groundbreaking ceremony around what will become a 180,000-square-foot research hub for Pfizer’s Neuroscience Research Unit and its Cardiovascular, Metabolic, and Endocrine Diseases Research Unit. After the ceremony, which included remarks from Massachusetts Gov. Deval Patrick, Cambridge Mayor David Maher and MIT President Susan Hockfield, participants walked down the block for a reception at the atrium of the MIT’s McGovern and Picower institutes.
The festivities celebrated not just this new injection of talent and jobs into Kendall Square, but also the innovation ecosystem that the Cambridge neighborhood has created. All the stages of innovation undefined from an idea germinating in a classroom to a product being pushed into the marketplace undefined can be found in Kendall Square: According to the Kendall Square Association, a nonprofit focused on improving and promoting the local community, the area contains the world’s densest square mile of technology and biotechnology research.
There are places all over the world where great research happens,” says Geoff Mamlet, managing director of the Cambridge Innovation Center, an enterprise that provides office space and resources for startup companies, half of which have MIT connections. “What this area does uniquely and well is commercialization: taking an idea [and] figuring out how to put it together with all the things needed to drive it out into the world.” (…continued)
Cambridge's Fenugreen takes top honors in Global Startup Open competition
(original press release from Startup Open, 11/14/11)
Startup Open, a competition for startups with high-growth potential featured as part of Global Entrepreneurship Week (GEW) 2011, today announced the two grand prize winners: Kavita Shukla, founder of Fenugreen, and Jason Ethier, founder of Dynamo Micropower. The two Boston-area entrepreneurs were selected from a group of startups dubbed the “GEW 50” announced last month. In selecting the winners, a panel of judges took into account each of the startups’ concept, growth projections and knowledge of their industry.
“Young firms, like those conceptualized by Kavita and Jason, are the linchpins to revitalizing the world economy,” said Carl Schramm, president and CEO of the Kauffman Foundation, founder of Global Entrepreneurship Week. “Their ingenuity, innovation and entrepreneurial passions exemplify the spirit of entrepreneurship and will inspire others to strive to create new firms.”
Shukla’s Fenugreen offers patented, all-natural material to address the global challenge of food spoilage. The sustainable product keeps food fresher from “farm to fork” by helping reduce transportation, inventory and energy costs. Shukla will receive an all-expenses paid trip to participate in the Global Entrepreneurship Congress in Liverpool in March 2012. The Congress will bring together entrepreneurs, investors, global leaders and startup champions from more than 100 countries. Shukla will have the opportunity to showcase her business plan on a global scale, gain valuable insight from successful and experienced entrepreneurs, and network with world leaders and economists. (…continued)
Happening in Kendall Square
(original article by Jason Weeks, 11/17/2011, Metro)
Enter Cambridge and you cross a threshold into a unique world. Cambridge is a place where you can find both style and substance. Creativity blends with innovation and history. Diversity reigns. Art undefined with a capital A undefined imbues every neighborhood and walk of life.
Day and night, the arts are seen and heard everywhere in Cambridge. Public Artwork mirrors the city’s urban rhythms. Street Performers enliven parks, sidewalks and plazas. While theater-goers wrap around street corners awaiting the next show, jazz, rock, hip-hop and classical music reverberate from cafes, restaurants and nightclubs. Each city square undefined Central, Harvard, Inman, Kendall, Porter and Trolley undefined conjures its own soundtrack, colors and flavors.
This winter, try something new in Cambridge! Jose Mateo Ballet Theatre’s “The Nutcracker” is the most up-close and vivid version of the beloved holiday story you will ever experience. Sparklefest in Harvard Square offers nonstop events throughout the season undefined beginning with Folk Music Month and moving on to latkes, tree lighting and artisanal craft markets.
For family fun, visit East Cambridge on Dec. 17 for Kendall Square Holiday on Ice, featuring professional figure skating performances, hot chocolate, pizza and open skating undefined all free!
Next, can you imagine six human deer dancing? Instead of turtle doves this holiday season, let me suggest a new twist: Winter Solstice Night at the Museum. On Dec. 21 at the Harvard Museum of Natural History, celebrate the start to winter with a performance of the traditional Abbots Bromley Horn Dance by the Christmas Revels' Pinewoods Morris Men, and take in the museum's horns and antlers exhibition.
Eager to flex your musical chops? Check out the many classes and community programs for all ages at Longy School of Music. For powerhouse musical muscle that will warm your heart and soul, you will not want to miss the Multicultural Arts Center’s 25th Annual Joyful Noise Gospel Concert with the Harlem Gospel Choir, honoring Martin Luther King Jr., on Jan. 14 in Harvard’s Sanders Theatre.
If you think you know Cambridge, get ready for a variety of arts encounters that paint a new picture of this one-of-a-kind city. I invite you to join us this holiday season, and take a walk on the Cambridge side of life! (…continued)
H3 Biomedicine Inc. inaugurates new Cambridge headquarters, lab space shar.es/ojY1f | MIT injecting life into Kendall Square boston.com/realestate/new… via @BostonDotCom | Tomorrow @ MIT's Kresge for lunch - Energy Secretary Chu on winning the clean energy race. Expect SRO so arrive early! | Governor Patrick launches advanced manufacturing collaborative in Kendall Square. - BostonHerald.com ht.ly/7IAee | Cambridge ranks second in list of smartest U.S. cities bizjournals.com/boston/news/20… via @BBJNewsroom | Next stop: Kendall Square: Tech hub attracts players large and small to support innovation. MIT News Office ht.ly/7Fv70 | MIT neuroscientists find that two rare autism-related disorders are caused by opposing malfunctions in the brain. ht.ly/7Fv0n | Get your skate on in Kendall Square - Groupon deal for rentals & hot chocolate! Groupon Deals ht.ly/7BI6s | History, proximity and serendipity make Kendall Square fertile ground for the next big idea. MIT News Office ht.ly/7BELM | Pfizer breaks ground in Cambridge shar.es/oqlMJ | MIT begins building Pfizer facility - Business - The Boston Globe ht.ly/7zmt3 | Occupation Cambridge: entrepreneurs say, "We Are the Jobs!" - BostonHerald.com ht.ly/7xYz2 | Metro - Some artful events for the winter metro.us/boston/enterta… via @metroBOS | Cambridge Business Profile: Xylem -- a modern gift shop shar.es/ob22Y | Congrats to Cambridge's Fenugreek, winner of Global Entrepreneurship Week's Startup Open 2011! It's a wrap!! ht.ly/7ufWT | Seaport and Kendall Square are hotbeds for development, defying a gloomy economy - Sunday Boston Globe ht.ly/7lOVN | Sanofi doubles down on Cambridge with new "innovation based" (i.e. 'bump & connect') R&D strategy. MHT Business News ht.ly/7lNVO | Steven Tyler a VC? Aerosmith star teams with the Who's Daltrey and MIT scientists to develop vocal cord repair gel. ht.ly/7lEBy | Fuji in #KSq opening this month? Check out menu for latest in Kendall Square's restaurant scene. Boston Rest. Talk ht.ly/7gHWi