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Boston Startup Ecosystem 2016: entrepeneur tool kit

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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!

Published in: Business
  • Good info!.... STARTUPS...Send your pitchdeck to thousands of VC's and Angel's with just 1 click. Visit: Angelvisioninvestors.com
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Boston Startup Ecosystem 2016: entrepeneur tool kit

  1. 1. U.S. Start-Up Ecosystem: Boston, Massachusetts By Duy Nguyen
  2. 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
  3. 3. Economic Conditions
  4. 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. 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. 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
  7. 7. Challenges (US)
  8. 8. Doing Business in Boston
  9. 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. 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. 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%
  12. 12. Start-Up Support System
  13. 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. 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. 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. 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. 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. 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. 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/
  20. 20. Current Start-Ups And Small Firms
  21. 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. 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. 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. 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
  25. 25. Large Start Ups
  26. 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. 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
  28. 28. Large Corporations
  29. 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. 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. 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. 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. 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. 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
  35. 35. Networking
  36. 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. 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/
  38. 38. Visa
  39. 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. 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. 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. 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. 43. References Special thanks to Arnaud Bonzom who created a report similar to this for the Singapore ecosystem that inspired this project
  44. 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. 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. 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. 47. BEST OF LUCK By Duy Nguyen Boston College Carroll School of Management UNSW Innovations Class of 2018

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