5/20/2013  Deepa Pakianathan of Delphi Ventures has joined the board of directors for Karyopharm Therapeutics amid a second round of funding that raised just under $50 million for Karyopharm — a Mass.-based company that specializes in nuclear transport modulators. The funding — which raised a total of $48.2 million — was led by a private investor with additional investors, including Delphi Ventures. Pakianathan, who joined Delphi back in 2001, is currently the firm's leader of biotechnology investment activities.
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| 5/20/2013
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Photo Credit: Rocky Widner/NBAE/Getty Images
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Vivek Ranadive — a graduate of both Harvard University and the Massachusetts Institute of Technology — secured a groundbreaking deal last week to buy a majority stake in the NBA's Sacramento Kings. The Mumbai-born businessman is the founder and chief executive officer of Tibco Software — a provider of infrastructure software and one widely credited with digitizing Wall Street.
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5/17/2013  A startup aimed at combining gesture-recognition technology with smart devices recently took home the grand prize of $100K during this year’s MIT 100K Entrepreneurship Competition. Founded by a group of MIT engineers, 3dim has patented 3-D gesture-recognition technology to be used in popular devices such as smartphones and tablets. The technology, which is similar to what’s used in Nintendo Wii and other consoles, would enable users to interact with their devices through thin air - without having to touch a screen. |
| 5/16/2013  TiE-Boston recently announced the 20 winners of this year's TiE Challenge — a collaboration that gives successful entrepreneurs an opportunity to help young entrepreneurs accelerate their innovative ideas into actual companies. Based in Cambridge, Mass., TiE-Boston is part of the global TiE — The Indus Entrepreneurs — group that is the largest not-for-profit organization promoting entrepreneurship. TiE-Boston runs a number of programs to educate, mentor, network and inspire entrepreneurs in the community.
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5/15/2013  Mahmud Jafri, CEO of Dover Rug & Home, was recognized as one of the winners during the "Immigrant Entrepreneur Award" program — an annual celebration sponsored by the Immigrant Learning Center. The awards dinner and reception, which was held on May 8 at the Royal Sonesta Hotel in Cambridge, Mass., attracted over 200 people, according to organizers.
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| 5/15/2013  A cheap and effective vaccine is being heralded by the Indian government as a major victory in the country's ongoing fight against rotavirus — a deadly instigator of severe diarrhea prevalent among infants and young children. In India, the fatal virus accounts for almost 100,000 deaths annually, approximately half of which are children less than a year old. Worldwide, the death total climbs to almost 500,000. |
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5/13/2013  NanoViricides Inc. recently hired Meeta Vyas — a successful former CEO with a lengthy list of professional experience — as the company's interim CFO. The West Haven, Conn.-based company specializes in creating nanomaterials for antiviral therapy. Specifically, the company's nanoviricide products are designed to both envelope and dismantle harmful virus particles.
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| 4/30/2013
 Boston-based startup Kinvey Inc., has hit the market with its mobile application for Salesforce CRM systems. Kinvey is a backend-as-a-service company that makes it easy for businesses to setup and operate cloud backends for mobile, tablet and Web apps. The company was founded by CEO Sravish Sridhar in 2010 and has raised over $7 million in funding.
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4/30/2013
 The Millennial generation, also called generation Y, is the demographic cohort following generation X. While no precise date marks the start of this generation, commentators generally define its members as people in their twenties and early thirties. This group includes 77 million young Americans, rivaling the baby boomers in size and impact. Their biases, inclinations and attitudes have the potential to greatly influence philanthropy, money management and society generally. |
| 4/30/2013
 Top notch Indian businessmen, politicians and industrialists like Vijay Mallya, Ravikant Ruia, Vivekanand Gaddam, Chetan Burman and Teja Raju are among 612 Indians exposed in one of the biggest global investigations on tax evasion carried out by The International Consortium of Investigative Journalists, a Washington, D.C.-based organization. The list also includes people like New York-based billionaire and defamed hedge fund manager Raj Rajaratnam, who was convicted in one of the biggest insider trading conspiracy and securities fraud cases in 2011. The list also includes many American doctors and businessmen. |
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4/30/2013
 The Boston chapter of the Indus Entrepreneurs expects more than 500 entrepreneurs and investors to attend its annual convention, which will be held at the Cambridge Marriott in Kendall Square on May 2 and May 3. This year marks the 15th anniversary of the group's annual conference and a special session of TiE Stars at the Friday Night Banquet will celebrate this milestone.
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| 4/16/2013
 The founders of Romulus Capital truly believe that the world's next great companies are emerging out of the efforts of students at top universities — and they should know as their venture capital firm was started when most of them were still in college. Krishna Gupta, Anantshree Chaturvedi and Cankut Durgun co-founded Romulus Capital in 2008, while Gupta and Durgun were at the Massachusetts Institute of Technology. The firm launched as a seed-stage venture capital firm raising a $1 million fund to invest in startups, particularly those launched out of MIT and Harvard University. Now, more than a dozen companies later, Romulus is raising a second much larger fund of $50 million to continue the firm's work, which has clearly struck a rich vein in the startup world.
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4/9/2013
 The U.S.-India Business Council expressed concern about a recent decision by the Supreme Court of India, which denied a patent on Glivec, a cancer medication produced by pharmaceutical company Novartis. The court's decision cites Section 3 (d) of India's patent law and states that a patentee must prove enhanced efficacy of a medicine in order to obtain a patent in India.
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| 4/2/2013
The Boston chapter of the Indus Entrepreneurs is set for its annual convention TiECON East 2013, which will be held at the Cambridge Marriott in Kendall Square from May 2-3. The theme of this year’s conference is “Empowering Entrepreneurs” and organizers have released a power-packed trio of keynote speakers: Jonathan Kraft, president of The Kraft Group; Tom Leighton, co-founder and CEO of Akamai; and Manoj Saxena, general manager of IBM Watson.
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