United States

Boston #5

Integration Phase

Boston is home to a buzzing startup ecosystem across many sectors—cleantech, biotech, and robotics. We strongly believe that our regional community thrives because of all the stakeholders that are committed to supporting local, early-stage companies.

Dr. Emily Reichert
CEO at Greentown Labs

Sub-sector Strengths

Advanced Manufacturing & Robotics

Boston has access to world-class talent from institutions like MIT and Harvard. Robotics companies employ more than 4,700 people. The city is also bringing more access to technology in classrooms through makerspaces and 3D printing facilities. Desktop Metal, one of the leading unicorns and a developer of metal 3D printers, raised $160 million in a Series E round in 2019. Other major funding rounds in 2019 include Markforged’ $82 million Series D round and Humatics’ $28 million Series A round.

Life Sciences

Boston has more than 1,100 Life Sciences companies, seven teaching hospitals, and five of the top six NIH-funded independent hospitals in the U.S. MLSC runs a $1 billion Life Sciences Initiative, which provides research grants, accelerator loans, tax incentives, etc. In 2018, Moderna launched the largest Biotech IPO in the world with a valuation of $7.5 billion. In 2019, Dewpoint Therapeutics raised $60 million in the largest-ever Series A round in Boston.

Why you should invest in Boston

TOTAL EARLY STAGE FUNDING
$3.9 bn
GLOBAL AVG.
$431 m
ECOSYSTEM VALUE
$96 bn
GLOBAL AVG.
$10.5 bn
Top 10 Global Ecosystem
Funding
Top 5 Global Ecosystem
Talent
9
Exit Growth
INDEX
10
Investor Activity
INDEX
6
Funding Growth
INDEX

Reasons to move your startup to Boston

MEDIAN SEED ROUND
$1000 k
GLOBAL AVG.
$494 k
MEDIAN SERIES A ROUND
$6 m
GLOBAL AVG.
$2.7 m
SOFTWARE ENGINEER SALARY
$100 k
GLOBAL AVG.
$42.1 k

Top Startup Programs

More than 50 accelerators and incubators, including global programs including MassChallenge, operate in Boston.

Tax Credits

The state of Massachusetts offers an R&D tax credit in addition to the federal one. This gives an edge to attracting research-intensive companies from other states.

COVID-19 Policy

U.S. Small Business Administration is offering loans through the Paycheck Protection Program to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. The SBA also stated to forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

Startup Community

Startup Genome
Partners

4GenNow
Cambridge Innovation Center
Capital network
Mass Challenge
Pitchfull
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Get connected

Are you interested in diving deeper into this ecosystem? Drop us a message. Our Ambassadors and Partners can plug you in.