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Greeting MTechie Subscribers,
The following are the highlights of this week’s publications and newsletters,
Thync announced on Oct. 8 that it had raised $13 million from investors to mine the intersection of neuroscience and consumer electronics. The company will began selling a Bluetooth enabled neurosignaling device sometime time next year. The device is a way to overcome our basic limitations as people enabling us to be focused, calm and creative when we need it. Thync is developing it as an alternative to mood-altering drugs such as alcohol or caffeine. Read More>>
B2C:
The world’s largest online retailer, Amazon, is to open a retail store in New York City according to Wall Street Journal. The store would try to fill the void of urgency in e-commerce. The store would serve as a showroom for customers to pick up, return and exchange items without having to depend on the U.S Postal service. The idea of a physical location has been toyed in the past but now Amazon have a chance to connect to their customers in real life. Meanwhile officials at Amazon have chosen not to comment on the rumor. Read More>>
Connected healthcare device sales have been projected to exceed $3 billion globally by 2019, according to a report from analysis firm juniper Research. This growth can be partially attributed to Apple and Samsung’s newly launched health platforms, Samsung’s SAMI and Apple’s healthKit. Another report from research firm Visiongain found the mobile health market is expected to be valued at $6.7 billion by the end of 2014. Read More>>
Universities across America are requesting to fly unmanned aircrafts for multiple reasons. The FAA released date that universities and colleges across US accounted for 25 percent or more that 900 request seeking approval to fly drones. Schools want to use these devices for number of reasons, from academics to agricultural monitoring. Read More>>
Boston-based startups have had a successful IPOs in the past two weeks. As furniture shopping service Wayfair went public and raised $300 million in its IPO, while HubSpot also had successful IPO. These success may spur the startup scene in Boston.
Although these new IPO’s have the spotlight, Boston has been quite active with startup companies. It is safe to say that most of the credit goes to MIT and Harvard, who produce the talent each year. From Bill Gates to Mark Zuckerberg, all started their journey from the city of Boston. Thus a lot of young smart people with great ideas thrive in this region indicating that these two IPO’s will only boost more entrepreneurs to push harder for their ideas. As more money and talent flow in, Boston could be an alternative for Silicon Valley in the Future. Read More>>