BFEC recently closed a $500,000 equipment lease for a biotechnology company in Boston. The company, was founded by a local group of Harvard and MIT PHD students in 2008.
To date the company has raised $5,000,000 from local “smart” angels, and has received over $500,000 in grant revenue. The company, still in stealth mode, has met with over 100 companies in several industries who have expressed interest in their approach for “synthetic biology” products. The company has been outsourcing many of their processes and are now bringing them in house. The equipment lease is for a Fermentation system.