Increasing the number of successful entrepreneurs is in the best interest of the entire life science industry and as such, MassNextGen is a public-private partnership between the Massachusetts Life Sciences Center and its corporate sponsors.
Takeda was the first private partner to kick off this program by providing $250,000 to match the MLSC $250,000 over a five year period. Takeda has demonstrated a clear dedication to strengthening the Massachusetts life sciences industry by supporting women-led companies and having as many talented and smart people at the table as possible.
In May 2018, King Street Properties joined the MassNextGen initiative with a sponsorship of $125,000. King Street Properties is a local real estate developer in the life sciences and supports early state companies throughout the Greater Boston area.
Shortly before the launch of the second round, Sanofi joined the initiative as the third corporate sponsor, matching Takeda’s initial investment of $250,000. Sanofi has demonstrated commitment to diversity in their work environment and named on America’s Best Employers for Diversity List by Forbes.
In 2020, the MLSC welcomed Johnson & Johnson Innovation and Mintz as the latest sponsors. The partnership with Johnson & Johnson Innovation allowed them to define a “J&J Awardee” in the third round of the program. Mintz, a general practice, full service law firm, in addition to providing funding support for events, designed and executed two coaching sessions, providing an insightful overview of negotiation best practices for the female entrepreneurs.
In 2022, the MLSC announced Mission BioCapital and LabCentral Ignite as the newest sponsors of MassNextGen. Mission BioCapital, a venture capital firm focused on making pivotal early-stage investments in transformational life sciences companies, sponsored the fifth year of the program with a $100,000 award. Ignite is a platform that harnesses community to advance racial and gender equity in the life sciences field. As part of this new partnership, Ignite will feature MassNextGen awardees in the LabCentral newsletter and other communication channels, invite entrepreneurs to attend its monthly CEO Roundtable hosted by LabCentral, and more.
The MLSC is accepting additional sponsors that are committed to making change in the life sciences ecosystem through supporting women-led life sciences companies. Sponsors will have an opportunity to participate in MassNextGen through judging, coaching, and other potential partnerships.
If you are interested in sponsoring the MassNextGen Initiative, please reach out to Carla Reimold, Vice President of Industry Strategy and Investments at CReimold@masslifesciences.com.