June 2015 Member News Highlights

CT Tech Industry News

June 2015 Member News Highlights

Connecticut Innovations (CI) will welcome a new CEO in July. Matthew McCooe comes to CI from Chart Venture Partners (CVP), where he was a managing partner specializing in communications, green technologies, software and computer vision investments. Previously, he managed a large portfolio of spinoff companies at Columbia University Science and Technology Ventures (STV) and prior to that, co-founded Eureka Networks, a communications and application software organization that [...]

May 2015 Member News Highlights

Alexion Pharmaceuticals, Inc., has agreed to acquire Synageva BioPharma Corp. of Lexington, MA., for approx. $8.4 billion, stating that the addition of more life-transforming therapies will enable the company to claim “the most robust rare disease pipeline in biotech.” Resulting cost synergies are projected to grow to $150 million or more in 2017. Alexion plans to relocate from Cheshire to New Haven in the near future. Read [...]

Connecticut – Home of World’s Largest Fuel Cell Park?

On May 5th, the Hartford Courant reported that a plan to transform a Beacon Falls, Connecticut gravel pit into the world’s largest fuel cell park is going ahead, pending the results of engineering studies and permit acquisitions. Project lead CT Energy & Technology would develop and own the fuel cell park, while Torrington-based O&G industries would perform fuel cell installation. The Beacon Falls Energy Park is projected to take [...]

Five Governors Meet on New England’s Energy Infrastructure

Governor Dannel Malloy initiated April 23rd’s closed-door energy summit in Hartford with Massachusetts Gov. Charlie Baker, Maine Gov. Paul R. LePage, Rhode Island Gov. Gina M. Rainmondo, and Vermont Gov. Peter Shumlin, to discuss initiatives for more fully utilizing New England’s natural resources to produce cleaner and more cost efficient energy. Connecticut is one of the region’s three main load centers for heating and electricity, along [...]

April 2015 Member News Highlights

Hartford Steam Boiler (HSB), part of Munich Re, has invested in Waygum, Inc., a tech startup with a mobile app platform for the Industrial Internet of Things that captures and visualizes critical data for predicting equipment loss and optimizing business performance. This first in a series of planned investments by HSB’s corporate venture capital group targets companies working in such areas as the Industrial Internet [...]

BioHaven: Brave New World of Microbiome Research

On Monday, April 6, the Yale & CURE BioHaven Entrepreneurship Series presents The Year of the Microbiome at Yale’s Brady Auditorium in New Haven, from 4:00 to 6:00 pm.  The microbiome – an infinitesimal universe of bacteria – is known to impact a wide range of human health issues. Beginning with the development of next-generation sequencing (deep sampling of microbial communities without culturing), microbiome research is changing how we view health and [...]

Carlson on 2-year entrepreneurial “learners permit”

The idea for an entrepreneurial “learner’s permit” in Connecticut — a two-year holiday sparing new startups some regulatory fees and paperwork — is before a state fiscal analysis committee that could determine whether the initiative becomes law. The bill comes on the heels of New York Gov.Andrew Cuomo‘s offer of 10 years of tax-free operations for qualifying startups in that state. It also arrives amid fresh [...]

Biotech Thriving in Branford

New Haven and Farmington may be the first locations we associate with Connecticut’s biotech industry, but don’t forget Branford, the shoreline town that has quietly added dozens of startup bioscience firms over the last 30 years. “Historically, Branford has been — in addition to New Haven — a place where bioscience has gotten a foothold.”  Susan Froshauer, president and CEO of Connecticut bioscience advocate CURE. Some [...]

BioScience ClubhouseCT – March 31

Attend on Tuesday, March 31, when Bioscience ClubhouseCT presents Detecting and Clarifying Complex Single-Cell Immunological Data for patients and clinicians at The Study at Yale in New Haven, from 4:30 to 6:00 pm. Sean Mackay, CEO of IsoPlexis will lead the discussion, co-founder of the novel biotech assay and diagnostics venture with Yale Professor Dr. Rong Fan. IsoPlexis is developing software and cell analysis which harnesses cell [...]

Middle-Market Technology Industry Outlook – White Paper

Issues Before the 114th U.S. Congress: Substantial strategic planning changes needed to keep technology companies competitive? In this white paper submitted by accounting, tax, and advisory firm and CTC member CohnReznick LLP, the 2015 Middle Market Technology Outlook examines longstanding issues for technology businesses, from a new perspective with expert insights on how congressional actions and business trends could change the game in the next twelve [...]