Kendall Square

52 stories

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 →