There is a spot just off the MIT campus in Cambridge, Massachusetts, that is home to what may be the world’s densest concentration of startup companies. There, near the edge of Kendall Square, the founders of more than 450 startups crowd into nine floors. Some occupy common rooms where the rule is “Grab any seat you can.”
On a heat map of innovation, the place is glowing bright red. Sharing the same elevator banks are venture capital firms that collectively manage funds totaling $8.7 billion. Fifteen years ago, the local tech scene was anemic and there were few investors. Now Kendall is a beacon that’s drawing more and more technology companies. Amazon has moved a mobile development team to the area, Google has expanded quickly into new buildings, and drug companies are piling in, too.
To read the original article: Innovation Clusters and the Dream of Being the Next Silicon Valley | MIT Technology Review
