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Welcome to our January 2021 Newsletter!
Watch for a new mini edition each month...
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In This Issue

  • New Resource on NSIV Website
  • Cummings Equipment Donation
  • PPP Second Draw
  • Keeping up with NSIV
  • What's going on

NSIV Website

Find all these stories and more on our website! Stay informed at NSIV.org.

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New Web Resource:  Job Posting
NSIV members and graduates can now post job openings on the NSIV website.  To post a job it is as simple as visiting the company and communities tab on the website, creating an account, and filling out the form for the job posting.  Upon the completion of the job posting form, an email will then be sent to NSIV for approval.
New Equipment!

Cummings Properties generously made available to NSIV equipment from one of its former tenants at their Woburn site.  Among the list of high-end equipment were various centrifuges, incubators, and microscopes.  Cummings will be donating some of the equipment to NSIV as well as allowing NSIV to assume the contract on some of the more costly items. We thank them for their generosity and partnership.
 
PPP Second Draw
The U.S. Small Business Administration, in consultation with the Treasury Department, announced that the Paycheck Protection Program will re-open the week of January 11 for new borrowers and certain existing PPP borrowers. To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13.  The PPP will open to all participating lenders shortly thereafter. 

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.
Keeping up with NSIV
Adeptrix Corp, the developer of advanced bioanalytical tools based on its proprietary BAMS™ (Bead Assisted Mass Spectrometry) platform technology, announced yesterday the closing of its Series A investment round with Bruker Corporation as a new minority investor. https://thescipreneur.com/adeptrix-closes-series-a.../
Each week or so, we've been introducing one of the people who work for a NSIV member company. Most recently, it was Sergey Mamaev of Adeptrix.  
Read the full Tweet here.

And watching for more NSIV member profiles on LinkedIn, Twitter, and Facebook 
What's Going On?


The Massachusetts Clean Energy Center (MassCEC) is now seeking proposals for the InnovateMass and Catalyst Programs.
 
MassCEC and MassVentures' Catalyst Program provides grants of up to $65,000 to researchers and early-stage companies looking to demonstrate initial prototypes of their clean energy technologies.

All inquiries related to Catalyst applications should be submitted by email to companycatalyst@masscec.com
 


More than $1.5 Million to Support Development and Acceleration of Coronavirus Testing Solutions
 
Last week, the Baker-Polito Administration and the MLSC announced more than $1.5 million to support four projects that seek to increase testing capacity and address existing gaps in coronavirus testing. The funding is through the Accelerating Coronavirus Testing Solutions (A.C.T.S.) program, which supports projects focused on two core areas: accelerating the development of at-home or point-of-care testing methods that are simpler and faster, and new and innovative solutions that address existing supply chain bottlenecks.
 
The four A.CT.S. awardees that will administer projects are two Massachusetts-based companies, and two of our leading research hospitals:
  • Kephera Diagnostics
  • Virex Health
  • Beth Israel Deaconess Medical Center
  • Brigham and Women’s Hospital
The MLSC is proud to be part of the Commonwealth’s ongoing effort to respond to the COVID-19 outbreak, including contributing funding and resources to the M-ERT and the Massachusetts Consortium on Pathogen Readiness. These recent contributions are in addition to the Center’s continued administration of various programs and other initiatives to support the life sciences sector.  
Copyright © 2019 North Shore InnoVentures, All rights reserved. 
You are receiving our newsletter because you have indicated that you wished to receive updates on NSIV events and news. Please let us know how we can best keep you up to date! 
Our mailing address is: 
North Shore InnoVentures
100 Cummings Center
Suite 451C
Beverly, MA 01915
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North Shore InnoVentures · 100 Cummings Center · Suite 451C · Beverly, MA 01915 · USA

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