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Wed. Sep. 12, 2012 Agrivida raises $15m in Series C financing Agrivida Inc., a Medford company that develops biotechnologies for agricultural and industrial processing, said that it has raised $15 million as part of a Series C financing. Bright Capital Partners led the round.  Other Series C investors include Kleiner Perkins Caufield & Byers, DAG Ventures, Prairie Gold, Presidio, Gentry Venture Partners, Northgate Capital, Alexandria Real Estate Equities, and Syngenta Ventures. Agrivida looks to develop proprietary crops and processes that will transform the economics of producing renewable chemicals, fuels, and bioproducts from non-food cellulosic biomass.	Advertisement
Mass. Clean Energy Center to award $1 million to help develop new technologies The Massachusetts Clean Energy Center is launching a $1 million program to spur the development of clean energy technologies in the state. Under the program, the center -- a quasi-public agency created to support the state’s clean energy industry -- will award between $100,000 and $300,000 to support demonstration projects aimed at addressing energy challenges, such as building fuel efficient cars and energy storage capacity, or using reneweable energy sources more effectively.
Fewer Massachusetts homowners were ‘underwater’ on mortgages in second quarter Nearly 232,000 Massachusetts homeowners were “underwater,” or owed more on their home loans than their properties were worth during the second quarter of 2012, an improvement compared to the first quarter of the year. That’s according to the California-based company Corelogic that released data Wednesday showing that Massachusetts continues to fair better than many areas in the United States. In Massachusetts, 15.6 percent of mortgage holders are “underwater” while nationwide 22.3 percent of homeowners with loans have negative equity..
NStar to build $106 million transmission line in Southeastern Mass and on Cape Cod NStar, the Boston utility, plans in two weeks to begin building a $106 million electric transmission line to improve the reliability of the power supply in Southeastern Massachusetts and on Cape Cod. The project will stretch 26-miles from Carver to West Barnstable and is expected to be finished next summer. The company is providing online updates on the project at www.nstartransmission.com.
Dunkin’ Donuts is opening restaurants at 10 university campuses Dunkin’ Donuts, the coffee-and-baked-goods chain that is engaged in a big expansion program, said Wednesday it has either opened or is about to open restaurants at 10 college campuses in the United States. Dunkin’ is looking to more than double its current number of US restaurants over the next 20 years. To achieve that goal, it is opening restaurants in such non-traditional locations as universities, hotels, airports, and museums.
Tufts Medical Center organizes ‘Innovation Day’ Tufts Medical Center will be seeking to raise the profile of its health care research and spur commercialization efforts at its inaugural Innovation Day event, scheduled from 1 to 5:30 p.m. Wednesday in the hospital’s Wolff Auditorium at 600 Washington St. in Boston. The event will feature 10 sessions by innovators from the life sciences, medical device, and health care information fields,
Fidelity: You’ll need to have saved 8 times your annual income to bankroll retirement People who retire at 67 need to have banked roughly eight times their annual salary to have adequate finances for their retirement, Fidelity Investments said Wednesday. In order to reach that level by 67, younger workers need to have saved an amount equal to their annual salary by age 35, three times their annual salary by age 45, and five times their annual salary by age 55, said Fidelity, a Boston-based financial services company whose specialties include retirement savings products.
Lose weight forever with Abiliti implant as obesity cure An implant device called Abiliti sends electrical pulses to the stomach to make people feel full with smaller meals. It also sends signals to the brain to discourage snacking between meals and late at night. The product is made by IntraPace Inc., and it was developed with investments from such medical device makers as Boston Scientific Corp. of Natick and Johnson & Johnson.
Biogen Idec Foundation awards $1m to Museum of Science, Boston to support STEM education The Biogen Idec Foundation has awarded the Museum of Science, Boston a $1 million grant to support interactive science education and outreach programs for middle and high school students across the state. The gift will be paid out over a five-year term, and it will support programs that engage middle-school and high-school students in activities that foster interest and learning in science, technology, engineering, and math --- a group of subjects collectively known as STEM.
Affinnova helps Ricola test dual-action cough drop Affinnova Inc., a Waltham company that has repurposed algorithms devised for genetic research to address such consumer-product issues as how to design beer bottles and supermarket cereal aisles, said it has helped Ricola test a concept for a dual-action cough drop. The drop is not only designed to reduce coughing but also to relieve sore throats. US sales for a product known as Ricola Dual Action have been so robust that the Swiss-based brand Ricola now plans a global rollout of the new product, starting with Europe, Affinnova said.
Judge denies motion by OneUnited to dismiss Charles Street AME church bankruptcy The judge in the Charles Street African Methodist Episcopal Church bankruptcy proceeding on Tuesday denied a motion by the church’s banker to dismiss the case. As part of the highly contentious fight between two black institutions, OneUnited Bank had argued that Charles Street AME was not eligible to be a debtor, and to seek bankruptcy protection, because it is part of the greater disctrict AME church.
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