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Business Journals
30-04-2025
- Business
- Business Journals
The Beat: Beacon prepares to launch next-gen disinfecting product
Welcome to Chicago Inno's The Beat, a twice-weekly look at the people, companies and ideas that are shaping Chicago's innovation economy. The Big One A Chicago startup born out of the pandemic is ready to move into more homes and businesses after spending a number of years in research and development. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Founded in 2020, Beacon Technology Solutions — winner of Inno Madness 2025, Chicago Inno's annual bracket-style head-to-head startup competition — makes a wall-mounted smart device that uses Far-UVC 222 nm light to disinfect a room. Beacon CEO Brian Clark said the Chicago startup has delivered its flagship product to hundreds of customers and will look to continue to expand its customer base in 2025. READ MORE: Inno Madness winner Beacon preparing to launch next-gen disinfecting product More from Chicago Inno Chicago VC firm Portal Innovations , which focuses on life-sciences innovation, announced an international expansion through a new partnership with Dublin City University that hopes to create new opportunities for biotech, medtech, quantum and AI startups across Ireland, the U.K. and Europe. , which focuses on life-sciences innovation, announced an international expansion through a new partnership with that hopes to create new opportunities for biotech, medtech, quantum and AI startups across Ireland, the U.K. and Europe. Chicago tech giant Tempus announced the launch of Tempus Loop this week, a new oncology-focused platform. Chicago boosts life-sciences growth While Chicago's life-sciences market is showing some signs of growth with developments such as Evanston Labs coming online, it still lags behind other major metros in key traits. In a Colliers report looking at local ecosystems' ability to support and sustain growth in the life-sciences industry, Chicago ranked ninth in the country, held back slightly by a lack of new developments. Boston received the top score in the second annual analysis of 18 markets, followed by the San Francisco Bay Area at No. 2 and San Diego in the third spot. READ MORE: How Chicago is building up life sciences — and where it still lags Sign up for the Business Journal's free daily newsletter to receive the latest business news impacting Chicago.
Business Journals
23-04-2025
- Business
- Business Journals
Five things: Cold Brook Preserve restoration, Harvard finances, W.E.B. DuBois
Already have an account? Sign in Welcome! Register now to read your first few articles at no cost. Good morning, Boston. Here are the five things you need to know in local business news to start your busy Wednesday, plus Harvard finances, W.E.B. DuBois and Cold Brook Preserve restoration on Cape Cod. Good morning, Boston. Here are the five things you need to know in local business news to start your busy Wednesday. 1. Here's where Harvard's finances stand as it faces off with Trump As Harvard faces off against the Trump administration with its lawsuit filed Monday, the university's finances beyond its eye-popping $53 billion endowment is worth closer attention. Grant Welker has more details to know about the university's finances. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events 2. Harvard, MIT, BU sign call against federal overreach Welker also reports that a total of 16 Massachusetts colleges have signed on to an industrywide statement yesterday 'against the unprecedented government overreach and political interference." Start each day with the 5 Things You Need to Know. Sign up for the Morning Edition. 3. Mass. health center conducts layoffs Isabel Hart reports that Brockton Neighborhood Health Center has laid off 65 workers. 4. L.A. fires prompt local homebuilding startup to head west An Andover-based modular-construction startup founded by three former Amazon Robotics employees is building its first homes in Greater Boston — and also entering the Los Angeles market, where the devastating wildfires destroyed thousands of homes in January, Greg Ryan reports. 5. Roche's $50B U.S. investment includes Mass. R&D center Roche's plans to invest $50 billion in the United States over the next five years includes a plan to invest here in Massachusetts — to open the Roche Genentech Innovation Center Boston at Harvard's Enterprise Research Campus in Allston, Hannah Green reports. What else you need to know By the numbers $262 million — oversubscribed second fund amount for a venture capital firm founded in 2023 known as Venture Guides, Eli Chavez reports. oversubscribed second fund amount 2 — companies remaining in the final round of the Inno Madness bracket challenge . Vote for your favorite here. final round of the Inno Madness bracket challenge $65,000 — settlement paid by the giant insurer Mutual of Omaha to Massachusetts regulators in response to allegations of deceptive advertising by one of its affiliates Today in history On this day in 1904, W.E.B. DuBois gave a lecture on "the race question" at Harvard, where nine years before he had been the first black person to receive a Ph.D. (Read more at What's good on WERS-FM Planet Earth, by Duran Duran What I'm reading Erasure, by Percival Everett What I'm watching The Americas, on NBC An engineering marvel, a nice nature walk — why not both? In the town of Harwich on Cape Cod, there's a former cranberry bog that was known locally for years as Bank Street Bogs. For years now, some 66 acres of what once were cranberry bogs has been under construction, but recently those acres have been opened to the public as the Robert F. Smith Cold Brook Preserve at 203 Bank St. I was in Harwich visiting my parents a few weeks ago and walked the paths at the preserve. We walked around three separate ponds and along a newly created water channel, where dozens of saplings and shrubs had been newly planted. Wooden benches and bird boxes aid walkers and birders in navigating the space. It's an amazing achievement, and such groups as the Harwich Conservation Trust, the town of Harwich, the state Division of Ecological Restoration and U.S. Fish & Wildlife Service should be proud for having achieved it. And it's not just a matter of beautifying a former bog. Cape Cod faces a serious nitrogen pollution problem from having grown in population faster than its septic systems can handle. And this project's 'nitrogen-attenuating wetlands' achieves goals in wastewater treatment and coastal climate resilience that earned it top honors in this month's American Council of Engineering Companies of Massachusetts (ACEC/MA) 2025 Engineering Excellence Awards. In terms of regional sustainability and engineering innovation, the Cold Brook Preserve is a major feat: It may appear untouched by human intervention, but it is the product of years of advanced engineering, 'potentially saving millions in future wastewater treatment costs,' according to the ACEC/MA. And for those of you who aren't impressed by all that engineering, guess what? It's also a peaceful and beautiful place to take a nice walk in nature in the middle of Cape Cod. PARTING SHOT Lower Cape TV just aired this short piece on the Cold Brook Preserve restoration project. You can learn more here: Subscribe to the Morning Edition or Afternoon Edition for the business news you need to know, all free. Largest Women-Owned Businesses in Massachusetts Total 2024 revenue Rank Prior Rank Firm/Prior ranked (*unranked in 2024)/ 1 1 Continental Resources Inc. 2 3 Atlas Travel & Technology Group 3 2 Granite City Electric Supply Co. Inc. View this list
