China hands US the lead.

November 10, 2021

China hands US the lead.
Hello all!

Here is your chance to put a New England Startup with Hardware content on a winning pedestal for 2022. See more below.

And oh geeze, it's just six weeks until Christmas! Start buying presents now as there won't be much left in December.

And now, on to the fun stuff.
Startups created by women have raised more venture capital dollars this year than at any point in the last decade!

US-based startups with one or more female founders raised $40 billion in the first three quarters of 2021.

This is an incredible shift in momentum for funding female founders!

We'd love to hear more from Women-owned startups in New England. Ping us; we'd love to help.
It's that time of the year again! We're starting the selection process for the NPA's Hardware Startups to watch in 2022!
If you want to recommend a startup or want your company to be considered for 2022, let us know!

Please send us your submissions here:
This Operations Update is provided with support from:
The State of Manufacturing

The PMI Index of October shows a couple of interesting items:

New Orders are almost 7 points down while Backlogs are getting better.

Imports have slowed by ~6% and overall Pricing still keeps going up.
According to ARM Holding CEO Simon Segars, the global semiconductor shortage will probably last until the end of 2022. Lead times keep stretching, with many now beyond 52 weeks. Contact NPA if you need supply solutions.

Some more local news, Naprotek announced the acquisition of NH-based SemiGen, an RF technology contract manufacturer, in order to expand its reach across the United States.

Desktop Metal opened a new in-house manufacturing facility to triple its manufacturing capacity for Production System P-50. Great to see local Massachusetts manufacturing!
MassChallange announced their 2021 Winners, and eleven Boston Startups are among them!

Congratulations to all! You can check the full list of winners here.
Princeton NuEnergy wins Cleantech Open 2021 U.S. National Grand Prize. Read the full announcement and list of finalists here.

Congratulations also to STAC Technology for competing in the National Finals! Great teams are easy to mentor!
Our friends at the UMass Lowell Innovation Hub are offering a FREE Financial Planning and Modeling for Startups on Thursday, Nov. 18.

This hybrid workshop is open to all and registration can be completed here.
The Girls in Business Camp Boston 2021 event will introduce girls ages 12 to 16 to basic business principles.

The event happens on Saturday, Nov. 13. Find out more about the event and registration here.
Find the latest updates of the hottest Boston Startups here.
Elemental Machines was recognized as the 2021 Analytics Solutions Provider of the year by BioTech Breakthrough.

Embr Labs raised nearly $6M as part of an equity offering worth almost $30M. See the details here.

Evergreens Farms changed its name to Untill. Check out their new LinkedIn page here. (You have to try their greens, you'll never buy greens at a supermarket again, ever).

GelSight raised $6 million as part of a $10 million offering of debt and other securities. They are also partnering with Meta AI to commercially manufacture the DIGIT tactile sensor and expand the field of tactile sensing research. Find out more here.

Helios Hockey announced that The Helios Core, their wearable smart sensor, is now available to buy online and at Pure Hockey. Check the details here.
Congrats on a successful launch Helios Team!

RightHand Robotics has raised just over $19 million as part of an equity offering worth up to $40 million. Click here to read the details.

Smoodi was featured among the Top 5 in the most recent NACS show in Chicago.

Tive is joining forces with Transporeon to improve integrated global first-mile to final-mile visibility. The full announcement can be found here.
Our monthly survey
In our October survey, we asked what will be the priorities for your company during 2022. The result showed that a New Business Model and Agility were the most voted options.
Digitalization keeps changing the manufacturing and supply chain sectors.
Which technologies is your company investing in to remain long-term relevant?
Artificial intelligence and machine learning.
Virtual reality.
Advanced analytics.

Omni Boston Hotel at the Seaport launched a Seaplane Service between Boston and New York City. AviatorsForever (Source: The Boston Business Journal)

Apple’s most ordered new product is not one of their phones or Ipads. Find out what it is. MoreDemandThanTheMacBookPro (Source: The New York Times)

Adobe is launching an NFT option in Photoshop to create and authenticate NFTs. 
HaveYouBoughtEtherLately? (Source: The Verge)

Even Bitcoin is getting hit by the supply chain crisis:

The crypto world faces shipment delays of "miners," the computers that run day and night to mine bitcoin. MiningDisasterInTheWorks (Source: Quartz)

In even crazier news, The Economist reports that the US won big and is now the largest Bitcoin Miner since China clamped down on the industry due to concerns about control of the country's financial system. China controlled 75% of the mining!
Cheers, and you all have a great Thanksgiving!
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