This is a project by Duy Nguyen under the guidance of Joshua Flannery at UNSW Innovations.
The aim of the project is to provide a 'toolkit' for entrepreneurs specifically regarding the startup ecosystem in the city of Boston. We hope you find it helpful!
2. Contents
A. Economic Conditions
1. Global Competitiveness
Index
2. National Statistics
3. Massachusetts Statistics
4. Challenges (US)
B. Doing Business in Boston
1. Why Boston?
2. Prominent Industries
3. Challenges of Doing Business
in Boston
C. Start-Up Support System
D. Co-Working Space
1. Incubators
2. Accelerators
E. Current Start Ups
F. Large Startups
1. Total Funding
2. Funding Stage
3. Specialization
G. Large Corporations
1. Total Revenue
2. Employees
3. Founding
4. Specialization
H. Investors in US
I. Networking
J. Visa
4. US GCI 2015
Basic requirements (20.0%) ....................................30 ......5.3
Institutions ................................................................ 28 ......4.8
Infrastructure ............................................................ 11 ......5.9
Macroeconomic environment ................................... 96 ......4.3
Health and primary education ................................... 46 ......6.1
Efficiency enhancers (50.0%) .................................... 1 ......5.8
Higher education and training ..................................... 6 ......5.9
Goods market efficiency ............................................. 16 .....5.1
Labor market efficiency ............................................... 4 ......5.4
Financial market development .................................... 5 ......5.5
Technological readiness ............................................. 17 ......5.8
Market size ................................................................. 2 ......6.9
Innovation and sophistication factors (30.0%) ..........4 ......5.6
Business sophistication ............................................... 4 ......5.6
Innovation ................................................................... 4 ......5.6
Rank Score
(out of 144) (1-7)
GCI 2014-2015……………………………………………….….. 3 ….. 5.5
GCI 2013-2014 ........................................................ 5 ..... 5.5
GCI 2012-2013 (out of 144) .................................... 7 ......5.5
GCI 2011-2012 (out of 142) .................................... 5 ......5.4
Global Competitiveness Index
5. National Statistics
Economics
GDP (US$ Billions) 17947.0
GDP Per Capita (US$) 55805.20
GDP as share (%) 15.81
Population Stats
Population (Millions) 324.3
Males 158.23
Females 163.19
Employment (full-time) 125.51
Demographics (%)
White 63.7
Asian 4.8
Black 12.6
Native American 0.9
Pacific Islander 0.2
Other 6.2
Two or More 2.9
6. Massachusetts Statistics
Racial Demographics
White 82.5
African American 8.5
Native American 0.7
Asian 6.5
Pacific Islander 0.1
Others 4.7
Capital BOSTON
Population 6,745,408
Employment (all) 3,450,267
Unemployment 146,133
Unemployment Rate (%) 4.1
Males (%) 48.4
Females (%) 51.6
Massachusetts
Rankings (By States)
Best States for Business18th
5th Labor Supply Rank
8th Economic Climate
1st
15th
3rd
Education
Growth Prospects
Quality of Life
9. Why Boston?
Over the decades, Boston has been the center of culture and economic
innovation throughout the New England area, and still thrives today. Total
GDP has grown at significant rates since the late 90s from a mere 240,000
Million USD to a now exceedingly high 476,740 Million USD. Boston has built
a national renown reputation for its intellectual standards and commitment
to multiple industries, from medical research, business, sciences, education
and more.
Education
Easily recognized in having a large
number of the top schools in the
nation, including Harvard, MIT,
Williams College, Boston College and
more.
Large Corporate Presence
A great number of international firms
have stationed in Boston, making it a
dynamic environment for business
development. PwC, EY, Boston Lawyers
Group, and more.
Highly Skilled Work Force
Whether they’re from MIT or Boston
College, the students that firms
recruit are never short of thorough
technical and deep analytical skills.
New Tech Industry
Unlike Silicon Valley, Boston is still
fairly new to tech start ups, making
it a place for new ideas and
innovations never seen before.
Already making 16 of Deloitte’s NA
Technology Fast 500, and still going
Innovation
Recently ranked No. 1 for state
innovation under Bloomberg. Heavy in
R&D, high-tech density, and STEM
concentration
Feeling Safe
Tied for No. 4 for most safe city in
all of the US, making it a comfortable
place to live and work in
10. Prominent Industries
Education
Education-technology is a growing industry over the
last 10 years, from emerging online programs to
platforms. “Investments exceeded $1.25 Billion ,
marking the second straight year the ed-tech sector
crossed the billion-dollar line”
Biotechnology
Only over 4 years, and already amassing over $1.32
Billion in venture capital for life sciences. Boston is
rivaled to SF’s Silicon Valley, and has potential to
“become the leading cluster in the world.” Leading
institutions include MIT, BU, Harvard, Tufts
Financial Services
“Boston is ranked No. 1 among the top 25
startup hubs in the U.S. The ranking means
Boston is best positioned to lead the digital
economy, though it has work to do when it
comes to corporate management.”
- US Chamber of Commerce Foundation
Private firms and corporations saw upward trends in
stock prices and asset growth from 9% to nearly 30%
in the past 3 years. Industry mainly comprises of
financial management, consulting, investment etc.
Current Major Industries In Boston
11. Challenges (Boston)
Competitive Labor Market
Pricey Real Estate
State Regulations
-High demand of workers with specific skills
drives up cost of labor
-Hiring workers who are new becomes a
challenge for start ups and small businesses
-Businesses look for top people and need to
separate themselves from other competitors
-”There’s always the challenge of the labor
pool and the available skill sets”
-Cost of living is constantly increasing
-Higher rent for businesses
-Employee housing costs rising
-Creates higher demand for employee
compensation
-Increases in property taxes
-Local State Law makes tax filing more difficult
and perplex than it needs to be
-Not overtaxed, but difficult time filing them
-Corporate Income Tax 8.0%
-Personal Income Tax 5.1%
-Sales Tax 6.25%
13. Co-Working Space
Wi-Fi Connection
Printers | Photo Copiers
Computers
Meeting Rooms
Television
Catering/Kitchen
Drinks
Telephone
Entertainment
Workshops
Lounge Area Lockers/Storage
The following incubators and accelerators were chosen out of the top in Boston,
confirmed from multiple sources
14. Incubators
Greentown Labs
Greentown Labs places emphasis on easy access to all the tools and resources
necessary for successful projects. The program allows access to extensive
machine shops where prototyping can be carried. Greentown companies have
access to free and reduced-cost software provided by a variety of sponsors.
Additional services including HR, marketing, PR, graphic designs, insurance
etc. No equity taken and people can apply at any time
Hack/Reduce
http://www.hackreduce.org/
Hack/Reduce focuses primarily on big data in predictive analytics, cyber
security and cloud, along with a unique “co-creation” model where founding
teams with ideas pair with H/R advisors. Access to advisory and information is
provided up to a year after establishing the company. No equity taken and
people with domain expertise can apply at any time
“Code Big or Go Home”
http://greentownlabs.com/
15. Incubators
Cisco Entrepreneurs in Residence
Originally hosted by MassChallenge, the EIR program provides Cisco sponsored
collaborations, funding, PR & marketing support, and introductions to venture
capitals. Cisco related startups include interests of internet, smart cities, big data,
enterprise mobility, security. No equity taken or fees charged
“Cisco EIR is a 6-month startup incubation program that supports early-stage,
product-focused entrepreneurs working on the next big ideas”
Raizlabs XLR8
The company is growing exponentially in its expertise of mobile app
development, and already a strong presence in the Boston market. Provides
limited number of spots for start ups with four months of free workspace,
mentorship, and access to top-notch experts in design, development, product
management and more. No equity taken or fee charges. Application limited
from Nov 1 to Dec 7
https://eir.cisco.com/
https://www.raizlabs.com/services/startup-incubator/
16. Incubators
DCU Center of Excellence in Financial Services
In partnership with Workbar, the DCU Center has become an outstandingly
reliable co-working space that offers new startups a variety of resources from
strong mentorship and executive management of the DCU. Benefits include
free office space for 6 months, 24/7 access, unlimited meeting room usage,
one-on-one sessions with DCU VP of Information Systems, and network
connections
Launch
Specifically known in Boston for strong support in e-commerce and
providing sufficient initial funding for related companies. Their goal is to
nurture firms between 1-3 years, while providing relationships with
service providers, experienced managers, and investment partners.
“We build next generation commerce companies”
http://info.workbar.com/fintech
http://teamlaunch.com/
17. Accelerators
MassChallenge
One of the US’s leading accelerator programs, MassChallenge is “the
most startup-friendly program”. MC has raised over $1.1 Billion, over
$520 Million in revenue since 2011, and created over 6500 jobs. 4-
month program with mentorship, office space, education, network,
startups from any and all industries, several million dollars in cash
rewards, and no equity taken
Techstars
Support from over 75 different venture capitals and groups of investors,
Techstars has become a powerhouse of managing successful startups
throughout Boston. Total funding has reached over $2.04 Billion, 762
companies, $5 Billion market capital. Package includes: 3 month
mentorship program, connections to over 5000 founders, 400 perks
worth over $1M, 3 months office space, equity back guaranteed, and
large starting financial package
http://masschallenge.org/accelerator/model
http://www.techstars.com/
18. Accelerators
Cogo Labs
Combining entrepreneurial business leadership with a unique platform of
proprietary tech for algorithmic marketing, data mining, and quantitative business
analytics, the program helps create new businesses from internal experiments.
Key objective is to create long-term value to maximize revenue growth with
limited venture investments. Known for incubating some of Boston’s fastest
growing web companies
Healthbox
Launched in January of 2012 from parent company Healthbox Global Partners
LLC, and working with leading innovative healthcare organizations to help the
most serious startups in healthcare for rapid pressure test and validate their
businesses on a larger scale. The program specializes through two core
offerings; Healthbox Studios and Healthbox Foundry
https://www.cogolabs.com/
http://www.healthbox.com/
19. Accelerators
MIT Enterprise Forum Cambridge
Financially backed by a number of global renown firms including Deloitte and
Silicon Valley Bank, the MITEF focuses on providing strong mentorship, a
diverse and powerful network of investors and firms for innovating tech ideas
and startups. Focused on both supporting and inspiring new ideas, the staff is
committed to constant emergences of tech products. Affiliated with MIT, but
open to all
Stepladder
Stepladder provides a vast amount of resources that creates exponential
progress for all startups. The list goes on: capital resources, advisory, strategy,
finance, business development, product management, engineering, digital
design, marketing, and on and on. Major industries focused on are
technology, health, fitness, beauty, and beverage. Accumulated over $100M
in venture finance, launched over 500 businesses in Asia, America, Europe,
India, and South America
“A great idea begins with
you”
http://www.mitforumcambridge.org/
http://www.stepldr.com/
21. Startups|Small Firms
ClearSky Data
Total Funding: $39 Million
Funding Stage: Series B
Founded: 2014
Cloud Computing
Enterprise Software
Virtualization
Transatomic Powers Corporation
Total Funding: 5.46 Million
Funding Stage: Seed Capital
Founded: 2010
Nuclear
Energy
Renewable Energy
Mobee
Total Funding: $6.1 Million
Funding Stage: Series A
Founded: 2012
Crowdsourcing
Analytics
Wanderu
Total Funding: $8.05 Million
Funding Stage: Series A
Founded: 2011
Travel
Transportation
Curated Web
Insight Squared
Total Funding: $27 Million
Funding Stage: Series C
Founded: 2010
Business Intelligence
Customer Relations Management
Analytics
Crashlytics
Total Funding: $6 Million
Funding Stage: Unknown
Founded: 2011
Mobile Solution Software
NOTE: Selection of these specific firms were based primarily on diverse range of funding from lowest to highest and
diverse industrial backgrounds
22. Massachusetts
Notarize
Total Funding: $10.4 Million
Funding Stage: Series A
Founded: 2015
Mobile
Legal
Apps
Venture App
Total Funding: $2 Million
Funding Stage: Seed Capital
Founded: 2015
Internet
Apps
Rethink Robotics
Total Funding: $1.57 Million
Funding Stage: Series A
Founded: 2010
Auto Insurance
Data Visualization
Talkto
Total Funding: $3 Million
Funding Stage: Unknown
Founded: 2010
Messaging
Platejoy
Total Funding: $1.7 Million
Funding Stage: Seed Capital
Founded: 2013
Food and Beverage
Delivery
Hospitality
Startups|Small Firms
Startup Institute
Total Funding: $4.3 Million
Funding Stage: Series A
Founded: 2012
Professional Services
Services Education
23. Startups|Small Firms
BeON Home
Total Funding: $4.55 Million
Funding Stage: Seed Capital
Founded: 2013
Security Hardware
Consumer Electronics
Security Software
Silk Therapeutics
Total Funding: $10.39 Million
Funding Stage: Series A
Founded: 2013
Healthcare
Beauty
Fashion
Elemental Machines
Total Funding: $2.5 Million
Funding Stage: Seed Capital
Founded: 2015
Consumer Software
Computer Software
Lexumo
Total Funding: $4.89 Million
Funding Stage: Seed Capital
Founded: 2015
Cyber Security
Enterprise Software
Security
Flyp
Total Funding: $5.8 Million
Funding Stage: Seed Capital
Founded: Unknown
Telecommunications
Mobile
Spyce Inc.
Total Funding: $2.6 Million
Funding Stage: Seed Capital
Founded: 2015
Food & Beverages
Food Delivery
Nutrition
24. Startups|Small Firms
Nanigans
Total Funding: $32.85 Million
Funding Stage: Series B
Founded: 2010
Social Media Marketing
Predictive Analytics
Digital Advertising
Semantic Machines
Total Funding: $12.38 Million
Funding Stage: Series B
Founded: 2014
Computer Software
Market Research
Mobile
Recorded Future
Total Funding: $32.9 Million
Funding Stage: Series D
Founded: 2009
Cyber Security
Internet Technology
Threat Intelligence
CloudLock
Total Funding: $34.9 Million
Funding Stage: Series C
Founded: 2007
IT Management
Cloud Security
CASB
Augmenix
Total Funding: $39.9 Million
Funding Stage: Series E
Founded: 2008
Medical Tech Development
Hydrogel Technology
Radiation Oncology & Urology
Cambridge Select
Total Funding: $452.02K
Funding Stage: Series A
Founded: 2011
E-Commerce
Retail Technology
26. Large Startups
Simplivity
Total Funding: $276 Million
Funding Stage: Series D
Founded: 2009
IT Infrastructure
Information Technology
Virtualization
Mime Cast
Total Funding: $89.88 Million
Funding Stage: Series C
Founded: 2003
Email Cloud Services
Auditing & Legal
Risk Management
Carbon Black
Total Funding: $189.68 Million
Funding Stage: Series F
Founded: 2003
Security Software
Homeland Security
Physical Security
Circle
Total Funding: $136 Million
Funding Stage: Series D
Founded: 2013
Security
Financial Services/Banking
Fintech
Acquia
Total Funding: $173.5 Million
Funding Stage: Unknown
Founded: 2007
Enterprise Software
Open Source
Web Content Management
Turbonomic
Total Funding: $60 Million
Funding Stage: Series D
Founded: 2008
Cloud Infrastructure
Enterprise Software
Cloud Management
NOTE: These firms were selected based on wide range of higher up funding and most competitive industries at the
moment in the startup community
27. Large Startups
DataXu
Total Funding: $65.8 Million
Funding Stage: Unknown
Founded: 2009
Marketing Analytics
Advertising Solutions
Data Visualization
Rethink Robotics
Total Funding: $113.5 Million
Funding Stage: Series D
Founded: 2008
Robotics
Manufacturing
Industrial Automations
Localytics
Total Funding: $59.75 Million
Funding Stage: Series D
Founded: 2009
Computer Software
Analytics
Mobile
Formlabs
Total Funding: $55.8 Million
Funding Stage: Series B
Founded: 2011
3D Printing Products
Enterprise Software
Digital Lumens
Total Funding: $55.6 Million
Funding Stage: Series C
Founded: 2008
Energy Management
Information Technology
Energy Efficiency
SevOne
Total Funding: $202 Million
Funding Stage: Unknown
Founded: 2005
Application Performance Management
Digital Infrastructure
Data visualization
29. Large Corporations
PriceWaterHouseCoopers
Revenue: $35.4 Billion
Employees: 208,109
Founded: 1998
Auditing
Consulting/Advisory
Taxation
Ropes & Gray LLP
Revenue: $1.39 Billion
Employees: 1000
Founded: 1865
Legal
Corporate Law
Government Enforcement
Bright Horizon Family Solutions
Revenue: $402 Million
Employees: 18000
Founded: 1986
Child Healthcare
Educational Advising
Deloitte Touche Tohmatsu Limited
Revenue: $35.2 Billion
Employees: 225,400
Founded: 1845
Auditing
Taxation
Consulting/Advisory
Bank of America Merrill Lynch
Revenue: $82.5 Billion
Employees: 210,516
Founded: 1998
Investment/Commercial Banking
Wealth Management
Private Equity
Oracle Corporation
Revenue: $37.04 Billion
Employees: 136,262
Founded: 1977
Computer Technology
Database Software
Cloud Engineered Systems
NOTE: Selection was based on highest revenue and most competitive industries to in the corporate environment
30. Ernst & Young
Revenue: $27.8 Billion
Employees: 212,000
Founded: 1989
Auditing
Taxation
Consulting/Advisory
Large Corporations
Wilmer Hale Pickering Hale and Dorr LLP
Revenue: $1.076 Billion
Employees: 1,031
Founded: 2004
Business Legal Services
Commercial Services
Law Administration
Boston Consulting Group
Revenue: $5.0 Billion
Employees: 12,000
Founded: 1963
Management Consulting
Liberty Mutual Insurance
Revenue: $38.5 Billion
Employees: 50,000
Founded: 1912
Property Insurance
Casualty Insurance
Massachusetts Mutual Life Insurance Co.
Revenue: $29.5 Billion
Employees: 10,614
Founded: 1851
Life Insurance
Long-term Care Insurance
Fidelity Investments
Revenue: $15.9 Billion
Employees: 45,000
Founded: 1946
Financial Services
Mutual Fund
31. Investors in Boston
Note: Range of investors were based on those who have the most interest as well as highest
record in investments, including within Boston and outside of Boston
32. People To Know
Elias Torres
Founder Drift
Harvard University
www.linkedin.com/in/eliast
Dave Balter
CEO Myles toned
Skidmore College
www.linkedin.com/in/davebalter
Christine Tsai
Co-Founder 500 Startups
UC Berkeley
www.linkedin.com/in/christinesltsai
Dharmesh Shah
Founder|CTO Hubspot
MIT
www.linkedin.com/in/dharmesh
David Cohen
Founder | CEO Techstars
U. Of Central Florida
www.linkedin.com/in/davidgcohen
Jeff Bussgang
General Partner Flybridge Capital Partners
Harvard Business School
www.linkedin.com/in/bussgang
33. People To Know
Joe Caruso
Investor
Harvard Business School
twitter.com/joecaruso2020
Ty Danco
Director Techstars
U. Penn. Wharton School
www.linkedin.com/in/tydanco
Jeremie Berrebi
CEO Magical Capital
Investor | Startup Advisor
www.linkedin.com/in/berrebi
Paul Singh
Founder Disruption Corporation
George Mason University
www.linkedin.com/in/paulsingh
Jason Seats
Partner Techstars
Saint Louis University
www.linkedin.com/in/jasonseats
Jason Calacanis
Founder | CEO Inside.com
Fordham University
www.linkedin.com/in/jasoncalacanis
34. People To Know
Tom Peterson
GP | CEO Social Leverage Group
University of Alberta
twitter.com/thetompeterson
Richard Chen
Barclays Global Investors
UC Berkeley
www.linkedin.com/in/chenrich
Viktoriya Tigipko
Founding Partner TA Ventures
UC Berkeley
www.linkedin.com/in/viktoriyatigipko
Kevin Colleran
Managing Director Slow Ventures
Babson College
www.linkedin.com/in/kevcoll
Thomas Korte
Founder Angelpad
Freie Universatat Berlin
www.linkedin.com/in/thomaskorte
Peter Kellner
Co-Founder Endeavor Global
Harvard Business School
www.linkedin.com/in/peter-kellner-05677
36. Places To Be
Revolve Nation’s Boston Entrepreneur Group
Boston New Tech Meet Up Group
Mass Innovation Nights
Largest local community network of entrepreneurs in Boston, with a current membership base of 3715
renown entrepreneurs. Founded in 2006, the organization hosts numerous opportunities for access to
rich programming, special panels, networking groups, seminars and more. Already hosting over 270
meet ups, the group continues to expand its operations and enrich the greater Boston Community
www.meetup.com/en-AU/entrepreneur-674/
Second largest community network in Boston, Boston NTMG is a not-for-profit organization with
a base of over 11,000 members who dedicate leadership and resources to help local tech
startups get a head start. The program promotes entrepreneurship, partnerships, networking,
innovation education, and collaboration throughout the New England area. Founded in 2007,
NTMG is growing rapidly in the Boston Community
www.meetup.com/Boston_New_Technology/
Having a strong presence through social media, the program provides support, financially and
strategically for local startups with little to no marketing budget. Their main objective is to bring
transparency for entrepreneurs in the growing startup community. Events are held at different
locations in Massachusetts, but allow for networking, connecting, and product promotions
mass.innovationnights.com/
NOTE: These were considered as the top networking profiles in Boston, as well for certain groups and interests
37. Places To Be
Network After Work
Wonder Women of Boston
Greater Boston Chamber of Commerce
One of America’s leading organizations in face-to-face networking, providing monthly mixer events in over
60 different cities-Boston included. Launched in 2009, NAW has become the largest and fastest-growing
company to accomplish this objective, giving local entrepreneurs the chance to meet with professionals from
all industries and all levels of career. Venues often include hotels, night clubs, restaurants, clubs, specials,
and more. Serving 1.5 Million members over 600 events per year
www.networkafterwork.com/
As indicated in the name, WWB is a well-established organization comprising of women of all
different professional backgrounds, whether in the corporate world or non-profit sector. All women
are welcome to explore, learn, and connect with fellow workers in their respective fields, and find
inspiration on their next line of opportunities
wonderwomenboston.com/
The city’s most extensive business network, connecting with over 1500 businesses of all backgrounds and
industries. Local startups see this organization as the pillar of exponential growth and development, through
their 100-plus networking events, ranging from strategic networking, business advocacy, and leadership
development. Members are given top-priority and are exposed to numerous perks and advantages
bostonchamber.com/
39. Visa Process
Overview -
Generally, a citizen of a foreign country who wishes to enter the United States must first obtain a visa, either a
nonimmigrant visa for temporary stay, or an immigrant visa for permanent residence. Temporary worker visas
are for persons who want to enter the United States for employment lasting a fixed period of time, and are
not considered permanent or indefinite. Each of these visas requires the prospective employer to first file a
petition with U.S. Citizenship and Immigration Services (USCIS). An approved petition is required to apply for
a work visa -travel.state.gov/content/visas/en.html
Visa Categories
H-1B
H-2A
H-1B1 H-3
H-2B
L
P-1
O
P-2
P-3
Q-1
Person in Specialty
Occupation
FTA Professional
Temporary Agricultural
Worker
Temporary Non-
Agricultural Worker
Trainee or Special
Education Visitor
Intracompany
Transferee
Individual with Extraordinary
Ability or Achievement
Individual or Team-Athlete, or Member
Of Entertainment Group
Artist or Entertainer
Artist or Entertainer
Participant in International
Cultural Exchange Program
40. Visa Process
How To Apply
After approval for the Petition for a Nonimmigrant Worker[Form I-129], you may apply for a Visa.(There is a fee of
$140) The following steps are required:
Step 1
Step 2
Step 3
Complete Online Nonimmigrant Visa Application, Form DS-160 and print it
Must have an appropriate photo that follows “Photograph Requirements” on the application
Schedule an Interview if the following applies to you, at the
If 13 and under years - Generally Not Required
If 14-79 years of age - Required
If 80 years and above - Generally Not Required
Step 4
Required documents:
-Passport -Photo
-Form DS-160 confirmation page -Receipt Number
-Application Fee Payment Receipt -L Visa Applicants
41. Visa Process
Additional Information
Entering the US
In likely events where you consider the following, here is more information
A visa allows a foreign citizen to travel to a U.S. port-of-entry (generally an airport) and request permission to
enter the United States. A visa does not guarantee entry into the United States. The Department of Homeland
Security (DHS), U.S. Customs and Border Protection (CBP) officials at the port-of-entry have authority to permit
or deny admission to the United States. If you are allowed to enter the United States, the CBP official will provide
an admission stamp or paper Form I-94, Arrival/Departure Record.
Extending Your Stay
See Extend Your Stay on the U.S. Citizenship and Immigration Services (USCIS) website to learn about requesting
to extend your stay beyond the date indicated on your admission stamp or paper Form I-94.
You must depart the United States on or before the date indicated on your admission stamp or paper Form I-94,
unless your request to extend your stay is approved by USCIS.
Failure to depart the United States on time will result in you being out of status. Under U.S. law, visas of travelers
who are out of status are automatically voided (Section 222(g) of the Immigration and Nationality Act). If you
had a multiple-entry visa and it was voided due to you being out of status, it will not be valid for future entries
into the United States.
Failure to depart the United States on time may also result in you being ineligible for visas you may apply for in
the future
42. Visa Process
Change of Status
While in the United States, you may be able to request that U.S. Citizenship and Immigration Services (USCIS)
change your nonimmigrant status to another nonimmigrant category. See Change My Nonimmigrant Status on the
USCIS website to learn more.
Requesting a change of status from USCIS while you are in the United States and before your authorized stay expires
does not require that you apply for a new visa. However, if you cannot remain in the United States while USCIS
processes your change of status request, you must apply for a visa at a U.S. Embassy or Consulate.
Other
The approval of a petition does not guarantee that you will be issued a visa. Do not make final travel plans or buy
tickets until you have a visa.
Spouse and Children
-With the exception of Cultural Exchange Visitor Q-1 visa applicants, your spouse and unmarried, minor children
may also apply for the same visa category as you to accompany or join you. You must be able to show that you
will be able to financially support your family in the United States.
-For information about employment and study, review Temporary Workers information and Employment
Authorization on the USCIS website.
Unless canceled or revoked, a visa is valid until its expiration date. Therefore, a valid U.S. visa in an expired passport is
still valid. If you have a valid visa in your expired passport, do not remove it from your expired passport. You may use
your valid visa in your expired passport along with a new valid passport for travel and admission to the United States.
43. References
Special thanks to Arnaud Bonzom who created a
report similar to this for the Singapore ecosystem that
inspired this project
44. References
Accelerators/Incubators
1) Collaborative, M. T. (2016). Incubators and accelerators. Retrieved September 8, 2016, from
http://Masstech.org/innovation-ecosystem/innovation-economy-resources/incubators-and-accelerators-
0
2) Strong, R., Peltier, C., Faigel, J., Martin, D., & Weaver, A. E. (2015, July 8). 8 budding Boston accelerators,
Incubators & Coworking spaces for startups. Retrieved September 8, 2016, from
http://bostinno.streetwise.co/2015/07/08/boston-coworking-spaces-startup-accelerators-incubators/
3) Boston startup accelerators, Incubators, & support programs. Retrieved September 8, 2016, from
https://bostonstartupsguide.com/guide/every-boston-startup-accelerator-incubator/#boston-incubators
Large StartUps/Corporations
4) Flaticon, the largest database of free vector icons. (2013). Retrieved September 8, 2016, from
http://www.flaticon.com/ (for Icon Displays)
1) Researched, L., McFadden, S., & Boston. (2016, June 24). Largest private companies in Massachusetts -
Boston business journal. Retrieved September 8, 2016, from
http://www.bizjournals.com/boston/subscriber-only/2016/04/29/largest-private-companies-in-mass.html
2) Diehl, P. (2016, August 1). World’s largest biotech hubs: Boston and San Francisco Bay area. Retrieved
September 8, 2016, from The Balance, https://www.thebalance.com/boston-and-san-francisco-biotech-
hubs-375641
3) Top very large companies to work for in Massachusetts - 2013. Retrieved September 8, 2016, from
http://archive.boston.com/jobs/topworkplaces/2013/top_places_to_work_in_mass_largest/
45. References
Large StartUps/Corporations
4) Partners, B. G. M. (2015, November 12). Top largest employers - the Boston globe. Retrieved September 8,
2016, from https://www.bostonglobe.com/2015/11/12/top-largest-
employers/WSnpH7SXC9qBPcjnMZCMEP/story.html
5) Halpern, J., & McFadden, S. (2016, April 29). The list: Revenue for Massachusetts’ largest private companies
tops $92.1B - Boston business journal. Retrieved September 8, 2016, from
http://www.bizjournals.com/boston/print-edition/2016/04/29/the-list-revenue-for-massachusetts-largest-
private.html
Investors
1) Network, A. I. (2016). Angel investors in Massachusetts. Retrieved September 8, 2016, from
https://www.angelinvestmentnetwork.us/angel-investors-massachusetts
VISA Process
1) U.S. Visa. (2016, September 7). Retrieved September 8, 2016, from
https://travel.state.gov/content/visas/en.html
46. References
4) Boston networking events for women. (2013, April 10). Retrieved September 8, 2016, from
http://wonderwomenboston.com/networking-events
Networking
1) Roussel, J., & Radez, A. (2013, February 17). Seven top networking groups in Boston. Retrieved
September 8, 2016, from http://bostinno.streetwise.co/channels/seven-top-networking-groups-
in-boston/
2) Home. (2016). Retrieved September 8, 2016, from http://bostonchamber.com/
3) Network. (2013). Business and social networking in Boston. Retrieved September 8, 2016, from
http://www.networkafterwork.com/city/boston
5) Revolve nation’s Boston entrepreneur group. (2016, October 5). Retrieved September 8, 2016, from
http://www.meetup.com/en-AU/entrepreneur-674/
6) Technology, B. N. (2016, September 13). Boston new technology. Retrieved September 8, 2016, from
http://www.meetup.com/Boston_New_Technology/
7) Innovative new products. Social media powered events. Retrieved September 8, 2016, from
http://mass.innovationnights.com/
47. BEST OF LUCK
By Duy Nguyen Boston College Carroll School of
Management
UNSW Innovations Class of 2018