Category: Business & Technology
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City Launches Small-Business Grant Program for Vale Avenue Storefronts
The city will begin offering grants of up to $15,000 to fill empty Vale Avenue storefronts, a new approach after a contentious vacancy-tax fight left the corridor’s vacancy rate largely unchanged.
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Forge Bellwater Welcomes Its Largest Startup Cohort Yet
Forge Bellwater has admitted 14 companies to its Foundry Row incubator, its largest cohort yet, spanning biotech, green-energy hardware and the incubator’s first AI-focused startup.
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New Kincaid Spinout Closes Seed Funding Round
Halcyon Biotherapeutics, Kincaid University’s newest biotech spinout, has closed an $8 million seed funding round to fund its first 18 months of preclinical research.
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Kestrel Biologics Raises $64 Million Series C, Plans Foundry Row Expansion
Kestrel Biologics, the Kincaid University biotech spinout anchoring Foundry Row’s growth, raised $64 million and plans to nearly double its Bellwater workforce, though executives say a skills gap could slow hiring.
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Forge Bellwater’s First AI-Focused Startup Emerges From a Kincaid Lab
A Kincaid University research project has become Forge Bellwater’s first AI-focused startup, expanding the kind of company the biotech-heavy Foundry Row incubator has historically supported.
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New Foundry Row Parking Garage Tied to Biotech Campus Expansion
The city and Kestrel Biologics will split the cost of a 600-space Foundry Row parking garage tied to the biotech firm’s hiring surge, a deal some residents say undercuts the neighborhood’s new transit line.
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Bellwater Turbine Works Lands Contract to Supply Offshore Wind Project
Bellwater Turbine Works has signed a $92 million contract to supply components for an offshore wind project, its largest order yet, and says it will need dozens of new hires to fulfill it.