The Massachusetts Technology Development Corporation Mtdc

When traditional manufacturers began leaving Massachusetts in the 1970s, politicians faced a daunting task: How could they revive a flagging economy? They responded by starting their own venture capital firm to help finance the launch of innovative, technology-based companies. The Massachusetts Technology Development Corporation would create thousands of new, high-paying jobs. John F. Hodgman, who retired as president and CEO of MTDC in 2001, shares an insiders tale of how the unique public-private partnership achieved financial successexplaining why the MTDC was created and tracing its history over two decades. Along the way, he explores the changing patterns of technology start-ups and private venture capital, and how MTDC-funded companies revolutionized their fields. Moreover, he shares case studies of entrepreneurs who tellin their own wordshow the MTDC helped them succeed. Grab a seat at the intersection of public policy, politics, and business and learn valuable lessons about investing, leadership, and entrepreneurship by studying the inner workings of The Massachusetts Technology Development Corporation.

An indispensable resource for anyone interested in the future of emerging technology industries Financing Technology's Frontier draws upon the experiences of today's most successful venture capitalists and entrepreneurs to provide investment professionals expert insight and powerful tools for identifying and capitalizing on the most promising high-tech and biotech opportunities. It also includes proven business models and many fascinating and instructive case studies that help entrepreneurs, CEOs and CFOs learn from the successes and setbacks of other companies in their sectors. Richard Shanley (New York, NY) is a partner in the Health Services and New Media division at Deloitte Touche Tohmatsu.

In the wake of declining federal involvement in state affairs, state governments have taken the initiative in creating science and technology policies and programs for economic development. The contributors to this study look at the attempts of eight states—California, Florida, Massachusetts, Minnesota, New York, North Carolina, Pennsylvania, and T