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Cambridge Innovation Center (CIC) develops and manages innovation campuses that provide flexible office, lab, and event spaces alongside comprehensive support services for emerging and established enterprises. Its offerings include state-of-the-art facilities, shared equipment, and a curated ecosystem designed to foster collaboration and growth among its diverse tenant base. CIC’s model integrates physical infrastructure with community programming to create dynamic environments for innovation.
The company was established in 1999 by Massachusetts Institute of Technology (MIT) graduates Timothy Rowe and Andrew Olmsted. Their founding insight was to create a concentrated hub where entrepreneurial ventures could access resources, community, and capital in a single location, thereby accelerating their development. This vision stemmed from recognizing the fragmented nature of support available to early-stage companies.
CIC serves a broad clientele ranging from fledgling startups and growing businesses to corporate innovation teams and venture capital firms seeking proximity to their portfolio companies. The organization’s overarching mission is to support entrepreneurs and drive innovation at scale by creating productive environments where groundbreaking ideas can flourish and transform into impactful realities.
CIC has 4 tracked investments across 4 companies. The latest tracked deal is $18.6M Series A in RED Horticulture in November 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Nov 21, 2023 | RED Horticulture | $18.6M Series A | Demeter, Unigrains | BNP Paribas, Burda Principal Investments, Crédit Agricole, Société Générale |
| Jul 1, 2021 | Umiami | $3.0M Seed | — | Newfund, Jrmy Rocher, Laurent Cardinali, Bpifrance, Centralesup, Kima Ventures, Société Générale |
| Apr 14, 2021 | Les Nouvelles Fermes | $2.4M Other Equity | — | Agence DE D Veloppement ET D'innovation DE Nouvelle Aquitaine, Banque DES Territoires, Crédit Agricole, Irdi Capital Investissement |
| Jan 13, 2020 | Domain Therapeutics | $6.7M Debt | — | Banque Populaire, Bpifrance, Caisse D'epargne |