Kendall Square AssociationAnnual MeetingMarch 8, 2012

Tim RoweFounder and CEO

Cambridge Innovation Center

At the end of the day,

we all have the same priorities

healthy kidshappy families

strong and safe communities

The key to this?

good and well-paying jobs

Where do jobs come from?

They are coming from HERE.

They are coming from US.

Recent research says that innovation

and entrepreneurship are the key to job growth.

The Importance of Startups in Job Creation and Job Destruction, T. Kane, The Kauffman Foundation, July 2010 http://goo.gl/eMSqe

Are we really playingsuch a crucial role?

Talent Massachusetts:#1 in college graduates

- According to the 2010 US Census,

Massachusetts leads the nation in bachelor and advanced degrees earned- 54.6% of the Massachusetts adult population has a

college degree, 43% higher the national average.- We have the highest college graduation rate in the country, 69.2%

We are #1 in talent

Boston area alone:50+ colleges and universities with

225,000+ students

US Census 2010: http://www.census.gov/compendia/statab/2012/tables/12s0233.pdfThe National Center for Higher Education Management Systems (NCHEMS): http://goo.gl/U1usr College Board: http://goo.gl/yrMJkMap: http://goo.gl/FmWlo

We are #1 in R&D funding...NIH example

Building New York City's Innovation Economy, J. Grady and J Bowles, Center for an Urban Future, September 2009. http://www.nycfuture.org/images_pdfs/pdfs/BuildingNYCsInnovationEconomy.pdf

We are #1 in venture capital

NVCA 2009 Yearbook. Graphic taken from "Boston Startup Scene" presentation by Jeffrey Bussgang, Flybridge Capital Partners. http://www.slideshare.net/bussgang/boston-startup-scene-picture-presentation-212

Massachusetts$457/person

What makes Kendall Square so potent?

● Talent ● Investment ● Density, density, density

○ Leads to collaboration, community

Density

What excites meabout the KSA?

We are telling our story We are building community We are helping design the future of Kendall We are increasing our impact on the world

Telling our story

The Entrepreneur Walk of Fame

2011 Honorees:Bill Gates · Bill Hewlett · Bob Swanson · David Packard · Mitch Kapor · Steve Jobs · Thomas Edison

Building Community

Third Thursdays

Designing the Future of Kendall Working with Stakeholders to Identify Good Outcomes For All

MIT proposed design for the new center of Kendall Square

Impacting the worldMIT

● The Kauffman Institute estimates there are 25,800 currently active companies founded by MIT

alumni that employ about 3.3 million people and generate annual world revenues of $2 trillion, producing the equivalent of the eleventh-largest economy in the world.

A few milestones from just this past month...

● Great Point Energy developed coal gasification technology announced $420 million of investment to take its Kendall Square technology to China. This was the largest Chinese investment ever in a private US company.

● Biogen Idec recognized the value of the innovative therapies for fibrosis and organ failure

developed by Stromedix, acquiring it for $562 million on cash and milestone payments

● Local startup Wefunder.com obtained 2,500+ signatures on a petition to change investment laws to enable crowd-funding (IPOs without the paperwork), and it looks likely to pass

● MIT Prof. Bob Langer announced the results of a study implanting a wireless electronic device in the human body for drug delivery--the first ever attempt of this kind

MIT Entrepreneurial Impact: The Role of MIT, E. Roberts, C. Eesley, MIT Sloan and the Kauffman Institutte, February 2009.Xconomy on Great Point Energy: http://goo.gl/fube6; Investors.com on Biogen Idec: http://goo.gl/Z5YQFwww.wefunder.com; MIT News on Bob Langer: http://goo.gl/KgjNK