Over the last three years, the Center for Research Innovation has marked 3 acquisitions of startups utilizing Northeastern technology – the most recent being Flaskworks.
Flaskworks, founded by Shashi Murthy, former Professor of Chemical Engineering (COE), was acquired in August by Northwest Biotherapeutics, a biotechnology company specializing in personalized immune therapies, for approximately $4.33 million. Press Release
The acquisition of Flaskworks follows that of Quad Technologies by Bio-Techne in 2018 and Giaran by Shiseido in 2017. Quad Technologies was led by CEO and Northeastern graduate Sean Kevlahan. Raymond Fu, Professor of Electrical and Computer Engineering (COE, KCCS), guided the meteoric rise of Giaran.
These startups illustrate a key feature of Northeastern: relevance. Northeastern research orients toward application and the commercial sphere validates this approach. Together, social and economic impact is multiplied.
For those interested in exploring entrepreneurship or who are currently engaged in a startup and need a boost, connect with the CRI and learn more about our expanding suite of resources.
Feature image by Government of Alberta. Some rights reserved.