Boston: $90 Million for 111 Hub Startups

Boston SkylineMassChallenge Class Gets $90 Million In Funding: MassChallenge said its first class of 111 startups has secured about $90 million in funding and created 500 jobs in a year. The nonprofit is trying to kick off a startup spree by providing support, including free office space, to entrepreneurs. Three quarters of the 2010 class are based in Massachusetts. They were picked from 450 applicants. Boston.com

Boston Physicians Get Mobile Access to Records: InterSystems says that Partners HealthCare Systems is providing doctors with mobile access to its electronic health records. Partners includes major teaching and community hospitals with more than 5,000 physicians handling 4 million outpatient visits and 160,000 admissions annually. Why now? In part because of the high rate of adoption of smartphones among physicians. An estimated 94 percent are able to see records online while on the go. Mobile Enterprise

Carbonite Seeks $106 Million Investment: Carbonite of Boston, a provider of online data backup services, plans to raise as much as $106 million in an IPO later this year. Founded in 2005, the company lets consumers and small businesses back up files over the Internet to a remote data center. Home computer users pay a flat fee of $59 per year. Boston.com

Run a Boston Marathon From Home: Boston-based Outside Interactive has created a virtual interactive Boston Marathon that runners can enjoy on their home treadmills. DVDs contain HD recordings of the marathon route as well as others, and can play at 7, 8, 9 or 10-minute mile paces. A $250 Virtual Runner Software System wirelessly connects the video pace to a sensor on the runner’s sneakers. The Boston Herald

Sears Looks Here for New HQ: Sears Holding may leave its Chicago headquarters and take 6,000 jobs with it. The good news for Boston: The company has narrowed its list of possible destinations to Boston and Washington, D.C. The retailer is looking for 1 million square feet, a space less than half the size that its current headquarters occupies. Boston Business Journal

 

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