Sign up for the Today newsletter
Get everything you need to know to start your day, delivered right to your inbox every morning.
The opinions expressed below are Jon Keller’s, not those of WBZ, CBS News or Paramount Global.
These are tough times for venture capital, the funding source relied on by many tech startup companies. And one of the biggest slumps has hit one of the best startup states of past years – Massachusetts.
The state’s promotional videos tout Massachusetts as “a leader in energy efficiency, science and technology, and our economy is the most innovative in the nation.” All that used to make us one of the top draws for venture capital investment in new companies.
But not anymore.
Recent research by the National Venture Capital Association analyzed by the Boston Globe tells the story of VC funding shriveling for local startups even as it blossoms in other states like California.
What’s driving it away from here, we asked Peter Cohan of Babson College, an author and startup investor himself? “The success of the companies out there,” he said, the bulk of the venture capital investments these days are going to AI startups out west in part because while the big-idea creators might go to college here, they too often don’t want to stay here. “Talented people want to be where all the other talented people are, that’s the fundamental issue.”
And the bets government and local investors have made on biotech and clean energy technology haven’t always paid off that well. “In Boston, I think investors really like high-tech solutions to difficult societal problems,” said Cohan. “Sometimes those solutions also find a market, and sometimes they really don’t.”
Federal cuts in local research funding are bad news for local startups, a problem that can’t be papered over with cultural spin. While those promotional videos promote arts, culture and cool coffeehouses, that doesn’t speak to the core issue, says Cohan: “It’s nonsense. That’s sleeping, they’re just dozing away, they’ve got their head in the sand.”
Meanwhile, states like Pennsylvania, Washington and California are raking in venture capital funding. What do we need to do to get back in the game?
As Cohan suggests, an end to the war between the White House and higher ed would help. Quantum computing and nuclear fusion are two promising areas where local researchers have a strong presence.
But in the long run it may come down to those researchers coming up with a great idea and deciding to stay here to develop and market it.
Maybe we need a new slogan to get through to them – don’t be a Zuckerberg.
Local News
The Massachusetts Registry of Motor Vehicles announced on Monday it is now taking applications for the 2026 Annual Low Number Plate Lottery.
The annual lottery is for standard white Massachusetts passenger license plates. Winners and alternate winners will be selected using an electronic random number generator and notified by mail no later than Sept. 15.
To be eligible, an applicant must be a current Massachusetts resident with an active, state registered and insured passenger motor vehicle. They must also have a state-issued driver’s license or ID in good standing.
You can apply through Aug. 14 at the myRMV Online Service Center.
While there’s no cost to enter, “applicants selected in the lottery will be required to pay the special plate fee in addition to the applicable standard vehicle registration fee,” the RMV said.
Commercial vehicles and motorcycles will not be accepted as applicants. MassDOT workers and contract employees and their immediate family members are ineligible to participate, the RMV said.
Get everything you need to know to start your day, delivered right to your inbox every morning.
HINSDALE, N.H. (ABC22/FOX44) – Two men from Massachusetts have been indicted after they allegedly stole more than $200,000 in cigarettes and fled in a stolen U-Haul van before setting it on fire.
According to court documents, the men robbed the T-Bird Mini Mart on Brattleboro Road in Hinsdale, New Hampshire back on March 15. They then allegedly drove the U-Haul north into Brattleboro, Vermont before heading south on Interstate 91 down in Massachusetts.
Cartons of cigarettes reportedly fell from the back of the van as it drove through Brattleboro, which were estimated to be worth more than $50,000. The “trail of cigarettes” was reportedly used by investigators examining surveillance footage to track the path of the van leading up to the arrest of two suspects last week.
Richard Conner, 64, of Greenfield, Massachusetts, and James Ferguson, 66, of Worcester, Massachusetts, were arrested on Friday.
According to court documents, Ferguson was also seen on camera earlier in March stealing the U-Haul van in Northampton, Massachusetts.
The two men now face federal charges under the Hobbs Act and, if convicted, could spend up to 20 years in prison.
BOSTON (WWLP) – The Healey-Driscoll Administration and the Massachusetts Department of Conservation and Recreation announced the opening of 24 swimming pools for the summer season across the state.
This initiative includes the return of its free Learn to Swim Program for children and expanded lifeguard services at 30 DCR swimming areas. Registration for the free swimming lessons begins on Monday, June 22, providing children between the ages of 4 and 12 the opportunity to learn life-saving skills.
The DCR’s efforts aim to provide residents, visitors and families with safe places to swim and cool off during the summer. This commitment to water safety is supported by extending lifeguard coverage to seven days a week, which began last Saturday, running from 10:15 a.m. to 5:45 p.m., though continued coverage is subject to staff availability.
DCR Commissioner Nicole LaChapelle emphasized the importance of aquatic education. “Every child deserves the opportunity to learn how to swim. Swimming is more than a summer activity –it’s a life-saving skill that helps children safely enjoy our pools, lakes and beaches with confidence,” LaChapelle said. “By offering free swimming lessons at pools across Massachusetts, we’re helping remove barriers for families while helping more children safely enjoy the outdoor spaces that belong to all of us.”
The Learn to Swim Program will be offered at 19 DCR pools throughout Massachusetts and is structured into three sessions during the summer. Each session consists of eight half-hour group swim classes tailored for beginner-level swimmers and organized by age.
The curriculum for the classes is based on the American Red Cross and focuses on water safety and basic swimming skills. Registration is required and will operate on a first-come, first-served basis, closing once classes at each facility are full.
Participating DCR pools for the program are located in Agawam, Boston, Cambridge, Chelsea, Chicopee, Clinton, Fall River, Fitchburg, Hyde Park, Lawrence, Malden, Melrose, Milford, Somerville, Springfield, Watertown and Worcester.
The DCR is also actively recruiting certified lifeguards for its beaches and swimming pools for the current summer season. Positions are available through Labor Day and offer competitive hourly wages ranging from $22 to $27, depending on the position and associated certifications. More information about lifeguarding opportunities and application details are available on the agency’s lifeguarding webpage.
Beyond lifeguard services, the DCR maintains water safety at its state beaches and waterfronts through regular water quality testing at all 79 designated swimming areas. These areas are equipped with ropes and buoys to delineate swimming sections. Safety signage, which can be translated into nine languages including Spanish, Portuguese, Vietnamese and Traditional Chinese via a QR code, is also present.
To enhance safety, life rings are available for public use at both guarded and unguarded swimming areas in case of an emergency. All DCR swimming pools are equipped with chair lifts to provide water access. Several pools also feature ramps or zero-depth entry and select pools and spray decks offer beach wheelchairs for use.
All facts in this report were gathered by journalists employed by WWLP. Artificial intelligence tools were used to reformat information into a news article for our website. This report was edited and fact-checked by WWLP staff before being published.
WWLP-22News, an NBC affiliate, began broadcasting in March 1953 to provide local news, network, syndicated, and local programming to western Massachusetts. Download the 22News Plus app on your TV to watch live-streaming newscasts and video on demand.
It’s NASCAR weekend in Coronado. Here’s what San Diegans need to know.
Giannis’ quiet trade market could keep him in Milwaukee
YMCA of Metro Atlanta Partners with Trae Young Family Foundation to Unveil 8 New Pickleball Courts with ‘First Dink’ Celebration
Real Capital Solutions Acquires Minneapolis Office Property for $34M
Retro Indy: For years Marott was Indianapolis’ most luxurious hotel
Pirates Trade Analysis: Something Had to Give
Augusta Dream Center sees surge in families needing food as summer begins
National Geographic Explorers share their most memorable adventures ahead of new DC museum opening