Technology
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The R.I. Commerce Corporation released an action report earlier this week outlining specific economic development initiatives designed to improve Rhode Island’s business climate, create jobs and lower unemployment. The report, “Actions for Economic Development in Rhode Island,” advocated building on Rhode Island’s native economic advantages. more
The R.I. Coastal Resources Management Council unanimously voted Tuesday night to grant final approval to Deepwater Wind LLC’s Block Island Wind Farm. more
Aspen Aerogels Inc., a nanotechnology firm that designs and manufactures energy-efficient insulation products, has reported a second-quarter net loss of $42.2 million, more than doubling the net loss of $19 million posted for the same period last year. more
Propel LLC President Clare King has gone from making children’s clothing to the technology behind battlefield gear such as flame-resistant camouflage for Army snipers. more
Google has named Warwick as the 2014 eCity for the state of Rhode Island, the Internet company announced in a press release on Thursday. more
Nabsys Inc. has named Tony Shuber vice president and chief scientific officer in its latest move toward bringing its genome-mapping products to market. more
Deepwater Wind LLC has announced it will develop the West Coast’s first offshore wind farm roughly 15 miles off Coos Bay, Ore., which could also become the world’s first commercial project to use floating foundation technology. more
Dan Aziz always knew he wanted to be an entrepreneur, but he didn’t know what type of company he’d start until he spent a little time in a Providence supermarket. Interviewing customers for a Brown University class in the nutritional-supplements aisle of a local Whole Foods, Aziz heard persistent complaints about the size and taste of vitamin pills for pregnant women, sparking an idea. Aziz created Premama, a drinkable, prenatal supplement that’s now on the shelves of the same Whole Foods where he was interviewing customers, as well as in Target and infant chain Buy Buy Baby. In September, Aziz’s Luna Pharmaceuticals Inc. closed on the first half of a $1 million funding round led by Cherrystone Angel Group, which allowed the Providence company to hire its second full-time employee and move to expand. more
GTECH S.p.A. saw its total revenue decline 2 percent to €781.3 million ($1.08 billion based on the exchange rate of $1.38 per euro on March 31) during the first quarter of 2014, compared with €797.5 million ($1.1 billion) for the same period a year earlier. more
Security Innovation Inc. has acquired Safelight Security Advisors, a Rhode Island company specializing in information security and software-developer training, for an undisclosed sum. more
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