Governor Deval Patrick spoke yesterday at the Cambridge Innovation Center–emphasizing the importance of entrepreneurs to the Commonwealth’s economy and crediting them with being instrumental in the advent of late-night MBTA service.  Patrick was introduced by Carlos Martinez-Velam Executive Director of the Venture Cafe Foundation. 

—Anita M. Harris

–New Cambridge Observer is a publication of the Harris Communications Group, an award-winning pr and marketing firm based at the Cambridge Innovation Center, in Cambridge, MA. 

Chicago-based  Healthbox is now accepting applications for a new,  $50,000 three-month  health tech business accelerator program  to start August 13,  in Cambridge.

In the program, up to ten  selected New England-based companies will receive: $50,000 in seed capital;  collaborative workspace;  access to a mentor network of industry experts  and strategic guidance, according to Dan Phillips, a director of  Sandbox Industries, Healthbox’ parent company, who attended Venture Cafe in the Cambridge Innovation Center last week.  The  program will conclude with a high-profile conference in November at which each participant will pitch to an audience of investors and healthcare leaders from across the country.

Healthbox  is one of the first business accelerator programs in the healthcare industry to support a platform for  innovation among seed-stage companies, according to the Sandbox Website.

“Massachusetts’ world-renowned academic institutions, cutting-edge provider systems and strong investor community make it an ideal location for a healthcare accelerator to stimulate the ecosystem and support new ideas,” said Healthbox founder Nina Sharif, in a press release.  “We are looking forward to working with New England’s most promising healthcare entrepreneurs to help them gain traction in the industry and develop sustainable businesses.”

Massachusetts Blue Cross Blue Shield Venture Funds will be among those providing financial support for the Cambridge program, according to Ryan Boxill of the BCBSMA Finance Development Program.

Earlier this year, Healthbox hosted its first program in Chicago.  According to a company press release, ten healthcare technology startups were selected from hundreds of applicants and, within three months,  the teams were able to evolve their business models and establish new partnerships and pilots. The program was supported by strategic partners including  Boston-based HLM Venture Partners; Ascension Health;  BlueCross BlueShield Venture Partners; California HealthCare Foundation; Merge Healthcare;  Merrick Ventures; Sandbox Industries and Walgreens.

David Nichols of CareWire, a Minnesota-based company that participated in the Healthbox Chicago program said: “This program has helped us really focus in on our core value, rapidly test assumptions and launch pilots with new customers.”

Mark Hall, the CEO of New Jersey-based United Preference, another Healthbox Chicago participant, added “Things that take 6 months or 12 months in other environments, we’ve been able to achieve in 2 to 4 weeks here.”

According to its Website, Sandbox Industries creates, invests  in and explores new businesses that it believes could change markets. Through a new model of business development that “helps rather than harass entrepreneurs,”  it aims  to “grow successful companies through collaboration and knowledge sharing…redefining the way great ideas are generated and transformed into successful companies.”

Applications are currently being accepted on the Healthbox website at www.healthboxaccelerator.com/apply. For information and announcements about the program, visit www.healthboxaccelerator.com and follow the Twitter feed – @health_box

—Anita M. Harris

Anita Harris is a writer and journalist based at the Cambridge Innovation Center in Kendall Square, Cambridge.

The Cambridge Innovation Center and quite a few companies will be holding open houses this Thursday in Kendall Square, Cambridge–as part of the nine-day Cambridge Science Festival.

Billed on its Web site as “the first of its kind in the nation,”  the annual Festival opened on Saturday, April 24, to showcase  Cambridge as an internationally recognized leader in science, technology, engineering and math.  A multifaceted, multicultural event held every spring, the Cambridge Science Festival makes science accessible, interactive and fun.

A myriad of events–ranging from talks and panel discussions to demonstrations, luncheons, museum exhibits, elementary school science fairs  and company open houses–are listed at the  Festival’s Schedule of Events.

I expect to be at the Cambridge Innovotion Center open house at 1 Broadway  on Thursday evening–as will my client, InVivo Therapeutics, and   Vitality, Seeding Labs, Acorn Product Development,   HubSpot and other companies.   The Venture Cafe, on the 11th floor,  will be open to the public  from 6-9 pm.