Why GE is betting on Boston’s startup community

January 16, 2016
by Admin

By: Erin Rohr
Big news broke this week with the announcement of General Electric’s intentions to relocate its headquarters to Boston’s Seaport District. With a market value of nearly $290 billion, the company will be the largest in Massachusetts and bring numerous benefits to the Hub. GE selected Boston for a few strategic reasons, one being the support of our startup culture and community. GE Chairman and CEO Jeff Immelt said, “Greater Boston is home to 55 colleges and universities. Massachusetts spends more on research and development than any other region in the world, and Boston attracts a diverse, technologically fluent workforce focused on solving challenges for the world. We are excited to bring our headquarters to this dynamic and creative city.”
Boston’s startup community will play a major role in the development of GE’s Digital Foundry, created for co-creation, incubation and product development with customers, startups and partners. Below are two other trending conversations and news from Boston’s startup ecosystem.
Xconomy: Boston Tech Watch: DraftKings, HubSpot, New Balance, Zagster, & More

  • Xconomy tracked down the latest news from leading Boston companies and summarized the developments within the daily fantasy sports industry, provided a look at HubSpot’s new office, detailed several recent funding deals and reveled a pair of wearable devices developed by local companies.

BostInno: How HourlyNerd Is Leading the 'Uber Economy' in Boston

  • HourlyNerd is using software to do something the consulting world has never seen before: Provide a pleasant buying experience. The emphasis on software has ramped up in the last 12 months, during which time HourlyNerd has grown to serve 10 percent of Fortune 1000 companies, while its own staff has expanded from 18 in mid-2014 to 53 now. HourlyNerd’s online marketplace now includes 17,500 freelance consultants (known as “nerds”) along with a few hundred boutique consulting firms. “We want to be the place you go when you need to solve a business problem, whether that’s something you’ll need boutique consulting for, or a single person, or a team,” Petitti said. “And we want you to be able to make a data-driven decision.”

What are your favorite Boston-based stories from week? Tell us what we missed.

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