Boston has one of the most advanced Innovation ecosystems in the world. The high concentration of world-class universities and big companies, the maturity of its impact investment sector, Boston’s collaborative nature, and the advanced development of its startup ecosystem, create an atmosphere of excellence that is difficult to find anywhere else. Open innovation and willingness to help is part of the city’s DNA.
Boston is considered the epicentre not only for Social Entrepreneurship, but also for Life Sciences, Cleantech and EdTech areas worldwide.
Boston is continuously ranked as one of the best places to launch a startup, with an average investment of $1million in seed capital.
Massachusetts ranks first in terms of venture capital per capita, and third in volume of venture capital in the US, with $6B invested in 2014.
Massachusetts is an important epicentre for Social Innovation generating more than $227B per year.
40% of the jobs in Massachusetts are in the innovation economy.
One in every 6 people living in Massachusetts works in some of the 34,000 nonprofit organizations currently active.
Massachusetts is the #1 US state per-capita in life science venture financing.
17 of the world’s top 20 biopharma companies maintain facilities in Boston, along with over 550 other biotechnology/pharmaceutical companies.
All ten of the world’s leading medtech and diagnostics firms have a physical presence in Massachusetts, along with more than 400 medical devices companies.
More than $2B have been invested in life science startups only in Massachusetts in 2015.
Almost 20% of all biotech venture funding deals were done by corporate venture capitalists based in Massachusetts.
Top 5 National Institutes of Health (NIH)-funded research hospitals are located in Massachusetts.
Massachusetts is the #1 US state for early-stage per-capita clean energy venture investment, beating out California.
Cleantech startups raised over $1.1B in venture capital between 2005 and 2013.
Clean energy sector contributed $11.8B in Massachusetts economic activity in 2015, accounting for 2.5 percent of Massachusetts’ Gross State Product (GSP).
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.