Xconomy Report For Nov. 18, 2011

By Xconomy.com

Nov. 18, 2011

CAMBRIDGE — The Boston-area tech community is forever lamenting the loss of Bill Gates and Mark Zuckerberg, both of whom dropped out of Harvard and moved their companies, Microsoft and Facebook, to the West Coast. (See the fuss over Zuckerberg's recent visit as an example.) But now the university is doing something about it. Today marks the official opening of the Harvard Innovation Lab in WGBH’s former office space in Allston. The $20 million center for entrepreneurship’s unstated goal is to keep the next Gates or Zuck in town — and foster a new generation of student-run startups. The director talks about the project. And here's five things we've already learned about the place.
In other innovation news...
Lexington-based Avaxia Biologics raised $2.2 million from investors in Boston and Providence, R.I. Avaxia is developing an anti-inflammatory drug by inoculating pregnant cows and collecting antibodies from their milk.
Rapid7, a Boston-based security assessment software maker, revealed a new $50 million venture investment, the same day that security software company CounterTack said it raised $9.5 million and moved its headquarters from the D.C. area to Waltham.
And two Boston-area teams took the grand prizes in a national startup competition run by the Kauffman Foundation. Fenugreen sells patented food-packaging material for reducing spoilage and DynamoMicropower develops micro turbine-based power generators.
The weekly roundup of business, technology and life science news from our partners at Xconomy.com airs every Friday on WGBH 89.7 Boston Public Radio.


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