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Friday, November 10, 2017

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The Big One

A breakdown on the day’s biggest Inno story.

Dylan: Last night we announced this year’s 50 on Fire winners, who represent the biggest movers and shakers in the city’s innovation economy. We also introduced something new, the Inno Blazers category, for which a panel of judges selected 11 companies and individuals out of the 50 winners to honor the trailblazers in the Hub’s innovation scene. And yes, that means they actually won blazers.

The winners represent a wide range of industries, professions, and causes in Greater Boston, from 3D printing and wearables to online pharmacies and organizations that seek to boost minority talent. Many of them have made big headlines this year, including Cybereason, which raised a $100M funding round from SoftBank. There are also winners that are still early in their efforts to boost Boston’s innovation ecosystem but have already demonstrated major potential.

Among the winners this year are Hack.Diversity, Ric Fulop of Desktop Metal, MiniLuxe, Indigo Agriculture, David Chang and the Babson Summer Venture Program, Nick Dougherty of PULSE@MassChallenge, Kim Darling of HubSpot’s INBOUND, Katie Rae of The Engine, WHOOP, Placester, and CloudHealth Technologies. Thanks to everyone who came out to the Revere Hotel last night, and we hope to see you again next year. Read more: Introducing BostInno’s 50 on Fire Winners for 2017​

In The Know

The Inno stories you need to read today.

Making Moves

Inside the people, companies and organizations making moves in Boston.

Dylan: As part of GE’s $1B cost-cutting initiative, the company is planning to make layoffs at its Boston headquarters, which was originally slated to support 800 jobs, Boston Herald reported. In a comment to the Herald, GE declined to say how many jobs would be impacted, only stating that it would be limited. Reuters previously reported that the company planned to “significantly” reduce corporate staff in Boston, which the news agency says has now begun.

Lucy: Boston social advertising agency OrionCKB has been acquired by digital marketing agency Elite SEM. As part of the acquisition, OrionCKB founder Scott Briggs will assume the role of chief strategy officer of Elite SEM.

Dylan: Avid Technology’s stock price jumped by around 25% today after beating Wall Street’s expectations for Q3 revenue and issuing strong guidance for Q4 revenue. The company’s revenue decreased 11.6% y-o-y to $105.27M.

Lucy: Reward Gateway, an employee engagement platform, is opening a new office at 141 Tremont Street, overlooking Boston Common. The company has locations in London, Melbourne and Sydney, among others. You bet that I’ll go take a look at their newest Boston office soon, with my loyal camera.

Player Personnel

Who’s moving where.

Lucy: Andy Palmer has joined the advisory board of artificial intelligence firm WEVO. A serial entrepreneur and angel investor, Palmer is best known for co-founding big data startup Tamr.

In The Community

The events and happenings to know about tonight and this week.

Dylan: HUBweek just released a cool time lapse of the building, opening and deconstruction of its Hub center that took over Boston City Hall Plaza in October. Find Boston’s top tech & startup events happening next week in BostInno Approved.

Read This Right Now

Insight and analysis from the community and beyond.

Dylan: In an article for The Boston Globe, Scott Kirsner asks the super relevant question, should free booze be a part of startup culture? “Besides, with the problem of sexual harassment in the workplace in the headlines, [Onshape CEO Jon] Hirschtick says, ‘You have to be an idiot not to know there’s a correlation between [alcohol consumption] and the environment it creates. It adds a tailwind to potentially problematic situations.'”

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Meet The Authors

Dylan Martin

Lucia Maffei

Kyle Gross

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