Innovation
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Have a good idea? Capital is available
Much has changed since Cherrystone Angel Group in 2004 became the first angel investment vehicle to surface in Rhode Island, perhaps nothing so much as how prominent the entrepreneurial community has become in the region. more

By Rebecca Keister
PBN Staff Writer | 3/11/13

Report: Providence metro ranks 43rd in U.S. for patent innovation
The average number of patents issued yearly in the Providence metropolitan area is 535, earning the metro area the No. 43 spot on the Brookings Institute’s report analyzing patenting and innovation trends in the nation’s 358 largest metropolitan areas. more
| 2/8/13
URI outlines plans for ‘cluster’ initiative
The University of Rhode Island has outlined plans for a “cluster initiative” designed to focus academic energy and resources on four new interdisciplinary areas of study. more
| 4/2/13
GreenBytes lands $7M in Series C round
GreenBytes Inc., a developer of virtual desktop and cloud-scale IO-offload and data deduplication solutions, has landed $7 million in a Series C funding round from General Investment Management LLC and Battery Ventures, the company announced Wednesday. more
Program helps boost computer sketch recognition
Brown University assistant professor James Hays knew computers have a good eye for art, especially detecting texture and shading in life-like representations of real-world images. more

By Patrick Anderson
PBN Staff Writer | 2/4/13

RIF funds 12 in Make It Happen initiative
The Rhode Island Foundation has awarded $630,000 to 12 action-oriented projects in the Make It Happen RI initiative. The foundation identified projects that had visionary goals, from connecting manufacturers to expand the in-state supply chain to pushing the spectrum of Ocean State architects and other designers more broadly into the global marketplace. more
Forum focuses on improving manufacturing innovation
President Barack Obama has proposed a $1 billion federal investment in advanced manufacturing and a group of congressmen from Rhode Island and Connecticut would like to see even more spent on boosting the sector in southern New England. more
UMass professor lands $743K for acoustics research
University of Massachusetts Dartmouth Professor John Buck has received a $743,000 research grant from the U.S. Office of Naval Research to help improve sensor arrays for sonar systems. more
| 1/29/13
Social Venture Partners provides $20K to Metryx
Social Venture Partners of Rhode Island provided a $20,000 loan to Metryx LLC, “further strengthening the collaboration between these two organizations,” said SVPRI in a release. more
| 4/18/13
Setting a standard for prosthetics
Thanks to the work of Brown University associate research professor in public health Linda Resnik, a new method of evaluating the effectiveness of a prosthetic upper limb is in the making. While it’s too early to tell, the new process could become a standard by which doctors define the progress of patients and their use of prosthetics. more

By Michael Souza
PBN Staff Writer | 12/3/12

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