Kendall Square

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International lighting giant Royal Philips announced Tuesday it is consolidating its North American research and development efforts in Cambridge so that it can be close to the Massachusetts Institute of Technology and other Kendall Square innovators.

The company and school also announced a 5-year, $25 million collaboration effort that will bring academic and company researchers together to work on health care and urban lighting technology.More →

The Newbury Street venture capital firm Third Rock Ventures has a track record of incubating and funding successful biotech companies like Foundation Medicine, Sage Therapeutics, and Agios. But now it is looking to give its startups a leg up in the Cambridge real estate market, by renting a big chunk of laboratory space. Several real estate industry sources say Third Rock is sniffing around former Vertex Pharmaceuticals digs on Sidney Street, near MIT.More →

If you haven’t been following the breakup of the 35-year-old venture capital firm Atlas Venture, which once invested in both tech and biotech, partner Peter Barrett sums it up this way: “In this divorce, the life sciences side kept the name, and the tech side got the house.” So Atlas’s team of tech investors is casting about for a new name, but staying in East Cambridge. And the biotech crew, still known as Atlas, just moved into new offices yesterday atop 400 Technology Square in Cambridge, midway between the Kendall and Central stations on the Red Line.More →

Some interesting data from the Kendall Square Association on the composition of that intensely innovative, increasingly expensive neighborhood:

The association spent the past 18 months looking at about 770 companies with offices in the Square, and categorizing them by industry sector. Interestingly, biotech and health care companies now represent the biggest single slice. (I touched on this shift in a Globe column last October.) But the research didn’t capture every company located within an incubator or a shared office space; the KSA estimates there are about 1,100 businesses in total in the neighborhood.More →

If you last visited Kendall Square 10 years ago and returned to the Cambridge neighborhood today, you’d think Jack had sprinkled around a bushel of magic beans. New buildings have sprouted, bars and restaurants have opened, and an East Coast Google campus has been completed. You can even ice skate in the winter or rent a kayak in the summer. More →
In this weekend’s Boston Globe Magazine, business columnist Shirley Leung writes about InnerCity Weightlifting, the Dorchester gym that has provided a source of support and job opportunities to formerly incarcerated men by helping them become personal trainers. For the past two years, founder Jon Feinman has been pairing members of the gym with employees at Microsoft’s New England headquarters for training sessions. Now he plans to take the idea one step further and open a gym in the heart of the Cambridge tech community. As Leung writes: More →