CIC TOKYOMAGAZINE

Pictured: Our newest
innovation campus ishome to more than
250 companies
Page 18

OUR GLOBALINNOVATIONECOSYSTEM
1 million square feetof CIC spans the globe“I'm a lifelong
fan of CIC.”

Page 10

DHARMESH SHAH
Co-Founder of HubSpot

BY THENUMBERSOver $718M in
VC funds raised byour clients in 2022,
and more
Page 8

CIC LABSEXPANSION
Inside the largest
commercial shared
wet lab in the world
Page 20

“I'm a lifelong
fan of CIC.”“HubSpot was born at CIC, and literally
grew up there. It allowed Brian (my co-founder)and I to focus on our business insteadof worrying about everything else.
I just loved the energy of the placeand having so many other startups
all around us. It's a special place.”
DHARMESH SHAH
Co-Founder of HubSpot
Marketing-software company HubSpot called CIC Cambridgehome from 2004 to 2008, growing in size to over 200 employees.
Today, HubSpot has more than 7,400 employees around the world.

Photo: Courtesy of HubSpot

Contents

6

From our Founder34

Reflecting on our recent triumphs anddirection with our Founder and CEO

Venture Café: Increasing
access to entrepreneurshipworldwide

837

By the numbers
Measuring our collective impact
across borders and industries

District Hall: A decadeof bringing innovators
together

10

38

CIC's worldwide network andpartnerships at a glanceConnecting innovators via a robust
and vibrant global events program

1240

Tailoring our offerings to reflect
the ever-changing future of work

Opening pathways for businesses
to expand into new markets

18

42

Our global innovation
ecosystem

Proven solutions fora hybrid future

The shape of Tokyo in 2022
Enhancing our newest campus
through design

Bringing the
network to life

A bridge into
international markets

Concentrating industry
activity for collective success
Building a home for industry hubs

20

46

Supporting biotechs at CIC Labs

Fostering innovation communities for all

26

54

Making space for tomorrow'sbiotech treatments

Facilitating safer collaboration
Adapting to the COVID-19 pandemic

32

Captains of Innovation:
Inspiring new strategies
for corporate growth

Strengthening our mission
through inclusion

Celebrating the successof our clients

“More businesses have come to embracehybrid work styles and flexible space solutions.
They are rejecting the risk and rigidity of long-termleases and seeking out models like CIC’s.”

After a couple of years of upheaval, uncertainty, and change, 2021 and 2022 brought us closer to arenewed sense of normalcy—in significant part due to widespread COVID-19 testing and vaccination,
which CIC Health was privileged to help facilitate on a large scale. But rather than simply reverting
to what once was, we are establishing new normals informed by important, profound lessons.

From our Founder

For one, more businesses have come to embrace hybrid work styles and flexible space solutions.
They are rejecting the risk and rigidity of long-term leases and seeking out models like CIC’s thatoffer agility for the company and flexibility for their employees.
Second, we have recognized the irreplaceable need for in-person collaboration. At CIC, we continue
to work tirelessly to provide innovators with the best possible ecosystem to be successful.

When we conceived our first innovation center over two decades ago, we believed that the world’s
toughest challenges would be solved by communities of innovators working side by side.
We created spaces for entrepreneurs to convene and share resources, and we saw firsthand how
proximity spurs connection and facilitates impactful collaboration. Over the years, we’ve expanded
our innovation campus model to span four continents serving more than 10,000 clients to date.
Today, the world is facing some of the toughest challenges imaginable—war, climate crisis,
and the effects of a pandemic. Yet in the midst of these challenges, we see determined
entrepreneurs, scientists, researchers, and businesses of all sizes stepping up with bold
solutions. Many such individuals and organizations choose CIC as their professional
home. You will get to read some of their stories in this magazine, from life science startups
revolutionizing cancer treatment to energy companies delivering alternatives to fossil fuels.

6

From the Founder | CIC Magazine 2023

Third, the major social movements of the last couple of years have made it clear that we need sustained
action at every level of society and our organizations. In 2021 and 2022, we continued laying thefoundation of a cohesive diversity, equity, inclusion, and belonging strategy that will not only bringmore perspectives to the table but also allow more innovative solutions to emerge from our campuses.
This magazine chronicles many of the ways that our organization and our community work tosolve the pressing problems facing our world and to bring about the futures we envision. I am
proud to share it with you, and on behalf of all of us at CIC: thank you for joining our mission.
Best,
Tim Rowe
Founder and CEO

CIC | cic.com

7

By the numbers
2022 CIC GLOBAL PRESENCE

Cross-sector collaboration has never been more relevant for firms, as the development of
new products, services, and solutions regularly requires input from sources beyond our own
organizations. Our members benefit from CIC’s global community of companies acrossa broad swath of industries. From startups to multinational corporations, to non-profits andgovernmental organizations, CICers support each other to innovate further and grow faster.

Note: All numbers as of December 31, 2022

8 Innovation Campuses
2 Labs + Innovation Campuses
2 Innovation Consultancies

15 Venture Café Sites
2022 INDUSTRY BREAKDOWN OF CLIENTS
Biotechnology

Venture Capital / AngelBOSTONCAMBRIDGEPROVIDENCE
PHILADELPHIA

ST. LOUISPHOENIXMONTERREYROTTERDAMWARSAW
SILESIATOKYOTSUKUBANAGOYA
OSAKA
GIFU

MIAMI

2.4%
Business Consulting

3.1%
Software
2.3%
Service Providers

11.7%
Design8.8%
Sales & Marketing

Education

3.4%

4.4%
Public Sector / Policy

6.5%

3.1%
Professional Services

Energy4.1%
Financial Services

1.4%
Other
12.1%

4.2%
HardwareMobile2.5%
Health Care

11.0%
Life Sciences

13.7%
Information

2.2%

1.2%

CONNECT / IGNITECAPTAINSOF INNOVATIONCOWORKING

Total number ofclients in our history

DEDICATED SPACE

9,265

BostonCambridge
Miami
Philadelphia$718,500,000
Total VC funds raised by
CIC companies in 2022

$17,009,810,000
Total VC funds raised by
CIC companies and affiliates

Providence
RotterdamTokyo

By the numbers | CIC Magazine 2023

Total number ofclients in 2022

Warsaw
0%

8

3,111

St. Louis

20%

40%

60%

80%

CIC | cic.com

9Our global
innovation
ecosystem
In 24 years, we’ve created a truly global innovation
ecosystem, with sites in the Americas, Europe, and Asia.
From coworking space to wet labs, 1 million square feetof CIC spans the globe. In addition to our global campuses,
we’ve established several mission-aligned organizationsin the corporate and government consulting, publichealth, and events and programming spaces.

EVENTS & PROGRAMMING

CORP. & GOV'T CONSULTING

10CIC CAMBRIDGECIC CAMBRIDGE

CIC BOSTON

CIC PROVIDENCE

CIC ROTTERDAM

CIC WARSAWCIC TOKYOCIC ST. LOUISCIC ST. LOUISCIC ST. LOUISFOUNDING PARTNERS OF

CIC PHILADELPHIA

PUBLIC HEALTH SERVICES

Our global innovation ecosystem | CIC Magazine 2023

VENTURE CAFÉDISTRICT HALL

INTERNATIONAL
SOFT LANDING

JAPAN DESK
CIC | cic.com

11Provensolutions fora hybrid future“Three years ago, we’d see a 10-personcompany, and eight or nine could
show up on any given day. Today, it’sa 30-person company, and every day
10 people show up. Sometimes they get
all 30 people together for meetings.
The pattern and use of these spaces has

The way we work is changing. If 2020 and 2021 proved that teams canoperate remotely in a tech-enabled world, 2022’s return to the officedemonstrated the unique value of in-person connection. As a result,companies are embracing hybrid work styles that give their teams theflexibility to toggle between physical and virtual workplaces. According
to Forbes, 63 percent of high-revenue growth companies have adopted
this philosophy.

12

Proven solutions for a hybrid future | CIC Magazine 2023

shifted. What’s interesting is our spaces
were already designed for sharing
and small meetings, and it seemed
to seamlessly shift into this mode.”
Tim Rowe
CIC Founder & CEO,in Banker & Tradesman

CIC | cic.com

13

CIC’s 24-year-strong flexible model is ideally positioned to meetthis trend. Our workspaces easily scale up and down and can bereconfigured based on each business’ needs. Our low-risk membership
options accommodate real-time changes in staffing and operations. And
we’re equipped with a wide range of services to facilitate connections
across hybrid teams. Throughout the pandemic, we doubled downon our most flexible offerings and added features to our spaces that
help companies work seamlessly in today’s business landscape.

Remote+Expanding on the flexibility of our typical 30-day terms, this membership
structure calculates fees around space requirements rather than staff size.
First introduced in summer 2020, Remote+ has become a go-to solution forlarge companies seeking satellite offices. These companies choose just
how much office space to make available to their employees on a rotatingor as-needed basis, removing costs for unused square footage.

“We are a nonprofit that expands
access to finance and training for social
entrepreneurs in farming communities

Mail Plus
Our virtual membership option, available in specific CIC markets, provides
companies with a business address and access to our global network via
the members-only CIC Portal. In 2021, this offering proved invaluable to anumber of international companies making their entrance into new markets.

State-of-the-art technology
CIC memberships include on-demand access to technologies like
videoconferencing solutions, digital fabrication equipment, and soundproof
podcasting studios. This year, we expanded our fleet of videoconferencing
systems into more conference rooms, making remote collaboration easierfor distributed teams.

around the world. When COVID-19
forced our global team to work from
home, we realized that decentralized
operations could help us better serve
our clients in Africa, Latin America,and Southeast Asia. CIC not onlyoffered us a customized hybrid
solution that gave us a path forward,
it also made us part of an ecosystem
of innovative entrepreneurs.”
Frances Reid
Chief Operating Officer,
Root Capital

14

Proven solutions for a hybrid future | CIC Magazine 2023

CIC | cic.com

15

At every CIC campus, our relationship managers and community teams
work directly with our clients to create tailored spaces that support their
growth. Because of the multifunctionality of our floorplans, a conference
room can become community bike parking, or an event space can becomea corporate headquarters.

16

Proven solutions for a hybrid future | CIC Magazine 2023

CIC | cic.com

17

The shape ofTokyo in 2022
During the pandemic, we took the bold step of opening a state-of-theart innovation campus in the heart of Tokyo. We partnered with awardwinning architect Tetsuo Kobori to build this world-class facility, whichhouses over 250 members and has quickly become the center ofinnovation in Japan.

Cover photo: CIC Tokyo is located in Toranomon Hills Business Tower, a 36-story,
600-foot skyscraper in the Toranomon district of Minato City. CIC occupies
the 15th and 16th floors in a space totaling over 60,000 square feet.

18

The shape of Tokyo in 2022 | CIC Magazine 2023

A new era of innovation
In early 2022, CIC Tokyo proudly welcomed
Prime Minister Fumio Kishida in an event thatsparked worldwide media attention. PM Kishidadeclared 2022, “the year of the startup,” anddiscussed how governmental programs can
support innovation and drive economic growth.

Big moves foster collaboration
In August 2022, the office of Tokyo Governor
Yuriko Koike and the Tokyo Metropolitan
Government (TMG) announced their move toa new satellite office at CIC Tokyo. The aim tostrengthen ties between the public sector andstartups maintains momentum through early 2023.

Making space fortomorrow's biotech
treatments
According to Vision Research
Reports, the global cell and genetherapy market is expected toreach $42.5 billion by 2030.
In 2021, we initiated a major$11 million expansion of our137,000-square-foot campus

in Philadelphia, converting two
floors—approximately 50,000
square feet—into additionallab space. As of summer 2022,
it is the largest commercial
shared wet lab in the world
and our largest lab location.

CIC Labs
sponsors:

20

Making space for tomorrow's biotech treatments | CIC Magazine 2023

“The need for additional benches to serve

Not only does this expansion
increase the overall availabilityof much-needed lab space, italso gives early-stage startups astronger foothold in the industry byallowing them to bypass the highexpenses of their own lab build-outs.
Through partnerships with several
major manufacturers, our labs

come fully outfitted with cuttingedge equipment that facilitates
the research and development of
impactful new technologies andtherapeutics. Biotechs can movein and get to work quickly, all while
taking advantage of our all-inclusive
amenities and vibrant community.

scientists at every level is undeniable.
Three-quarters of our existing lab clientsare on our waiting list for additional space.
By increasing access to labs for scientistsof all levels and backgrounds, we havethe opportunity to help companies
scale faster and also foster greater
diversity and inclusion in the field.”Sarah MorinVice President &Head of North American & EU Centers, CIC

22

Making space for tomorrow's biotech treatments | CIC Magazine 2023

23

In the past two years, we saw
our lab clients secure numerous
investments, initiate clinical trials,
debut on the stock market, andlaunch partnerships with leading
pharmaceutical companies.

From novel treatments for
autoimmune diseases to gene
editing as a service, these companies
are innovating solutions to some of
the greatest challenges in the healthand life sciences fields.

spotlight:

Cabaletta Bio
Cabaletta Bio is focused on the discovery and development of T cell therapies for patients with B cellmediated autoimmune diseases. Cabaletta’s therapeutic platform produces highly selective Chimeric
AutoAntibody Receptor (CAAR) T cells that are designed to precisely bind and destroy only specificautoantibody-producing B cells while sparing normal antibody-producing B cells, which are essential
for human health. Cabaletta seeks to employ its CAAR T cell products to transform the lives of patientswith autoimmune diseases by aiming to deliver deep and durable—potentially curative—responses.
Additionally, they have obtained an exclusive worldwide license for a fully human CD19 binder withclinical tolerability data that supports potential clinical development in autoimmune diseases.

“CIC has given us the ability to focus
on the science behind our technology

spotlight:

Century Therapeutics
At CIC Philadelphia, Century Therapeutics is harnessing the potential of cell therapy—specificallyinduced pluripotent stem cells (iPSC) derived iNK and iT cell therapies—to create more effective
targeted cancer therapies. The biotech company closed a $160M Series C in March 2021 andannounced a $242.7M initial public offering in June. The company entered into a strategic researchcollaboration with Bristol Myers Squibb to develop and commercialize up to four iPSC derived celltherapy programs in early 2022. Century also filed an investigational new drug in mid-2022 for one ofits products, a cell therapy for B-cell malignancies.

by not only providing laboratory
spaces but also community resources.
Overall, our time here has been madeeasier by the amenities provided,
including a generic lab supply stockroom, common space, equipment,
and networking with our peers."
Lea De Rosa
Senior Lab Manager,
Cabaletta Bio

24

Making space for tomorrow's biotech treatments | CIC Magazine 2023

CIC | cic.com

25Facilitating safer
collaboration
Our proactive approach tonavigating the COVID-19 pandemic
began in late 2019 with the earliest
reports of a novel, highly contagious
virus. Since then, CIC has centeredclient and staff wellbeing
with dynamic, transparent, andscientifically-grounded protocols.

In 2021, we continued to offer free,ongoing testing at many of ourcenters, helping our communities
come to work and go homewith confidence. In addition,
we implemented the following
measures below to ensure safer
in-person collaboration:

Vaccination Policies
While many businesses and global operators of shared workspace hesitatedto introduce vaccination policies, CIC took a bold stance at our US centers.
Believing in mass vaccination as a safeguard of collective health, we rolled
out policies requiring proof of vaccination (or, in some cases, testing)for clients, staff, and visitors in fall 2021. In the following months, our US
revenues grew by nearly 10%, and less than 0.5% of clients chose to end
their membership. These stark numbers suggest that such policies aregood not only for safety but also for business.

Healthpass
This quick, simple web-based form confirms that CIC guests, visitors, andvendors have no COVID symptoms and are vaccinated or have a negative
test result within 48 hours of arriving at our centers. It garnered strong
member support and enabled connection, collaboration, and innovation toflourish on our campuses.
Note: CIC's vaccine and Healthpass mandates expired in June 2022.

26

Facilitating safer collaboration | CIC Magazine 2023

CIC | cic.com

27

spotlight:

CIC Health
Back in 2020, CIC launched CIC Health to deliver easy, affordable COVID-19 testing solutions andfacilitate a safer return to everyday life. In its second year, the spinout made significant advances
in delivering on its mission.
Building on the strong framework of its testing services, CIC Health pivoted to administer vaccinations
throughout Massachusetts, especially in communities hit hardest by the pandemic. Through four
partnerships with Gillette Stadium, Fenway Park, Hynes Convention Center, the Reggie Lewis
Center, and dozens of pop-up sites, CIC Health was one of the state’s leading vaccine providers in 2021.
Throughout the year, CIC Health also administered COVID-19 testing and related safety protocols for
Massachusetts, Vermont, Connecticut, Washington State, and New York City schools, enabling themto open full-time and keep students, faculty, and staff safer.

2021 – 2022 by the numbers

5,000,000

1,200,000
Vaccines
administeredTests
facilitated>720,000
In-person schooldays saved>3,000
Schools andorganizationsserviced

1,000
I nstances of media coverage
Outlets included: ABC • CBS
CNBC • CNN • Fox News • NBC

SEVERAL AWARDS INCLUDING:
MassTLC Tech • Top 50 Best Pivot to Meet the New World Honors
Fast Company • 2021 World Changing Ideas Finalist
Color Magazine • 2021 All-Inclusive Award in Leadership Organization
28

Facilitating safer collaboration | CIC Magazine 2023

“There were so many hesitancies inour community to take this vaccine.
The history we’ve had with healthcare cannot be taken for granted.
I literally walked in with no wait andcame in and out in 20 minutes. Having
it there with people that I recognized
made all the difference. Also, having
it right down from my house wasconvenient because I didn’t haveto take a day off of work and travel
outside of the city to find a location.”
Karleen Procella
Reggie Lewis Center vaccine recipient,to the Jamaica Plain Gazette“I found myself very emotional andtearing up as I was going through theline to get in, because it was a very
long year. Totally convenient. Everyone
is really friendly. They rush you rightin even if you are a little bit early, they
say no problem. It was very fast.”
Teri Adler
Hynes Convention Center
vaccine recipient,
to Boston 25 News

30

Facilitating safer collaboration | CIC Magazine 2023

CIC | cic.com

31

CAPTAINS • 2021 – 2022 BY THE NUMBERS

Inspiringnew strategies
for corporate
growthIn a hyper-competitive global
market where products, services,
technologies, and business models
continually evolve, innovation
is key to staying competitive.
But as a company grows, it canbecome increasingly difficult tomove quickly, nurture new ideas,
and stay open to new approaches.
Captains of Innovation, CIC’s
corporate innovation consultancy,
helps mid-to-large-size organizations
rise to this challenge.

and create roadmaps for achieving
their goals. In addition, Captains’consultants facilitate connections
within the innovation ecosystem,
leveraging CIC’s widespread networkof startups, growth companies,
investors, and industry experts,
as well as partnerships withinstitutions like Harvard and MIT.

9
175+
3
20+

bespoke innovation reports“At binx health, we’re building newmodels for care in a rapidly changing

startups and industry leaders identified

healthcare environment. We’ve been

for collaboration with partners

especially fortunate to have foundthe team at Captains, who’ve been

Think Tanks and Concept Charrettes
to identify seed ideas for new ventures

world-class external experts brought
to advise and promote innovative thinking

thoughtful accelerants to our plans—bringing the industry experts,
insightful questions, and strategic
insights to the table that have been
central to our growth.”

60+

actionable business ideas generated
for partners

Jeff Luber
CEO, binx health2patent ideas filed by partners following

2

startups advanced to NDA with corporate

1

emerging innovation district supported by

4experts convened for Corporate Innovation

facilitated Captains events

partners post-introduction from Captains

Captains with strategy consulting during
master planning process

Night’s public roundtable discussion about
surviving and thriving during a recession

Offering white-glove service andbespoke solutions for every client,
Captains of Innovation partners
with companies to identify
opportunities for innovation

32

Inspiring new strategies for corporate growth | CIC Magazine 2023

33

Increasing accessto entrepreneurshipworldwide

In 2022, the Venture Café network earned aremarkably high Net Promoter Score (NPS)of 77. Here’s what attendees are saying:

VENTURE CAFÉ PROVIDENCE“I never realized how easy it was
just to go up and start networking
and talking to people. I was able to

Research from Startup Genome shows the importance of connectedness
for both entrepreneurs and local ecosystems. Highly connected founders
are proven to enjoy a higher rate of success in their startups. This simple factdrives Venture Café—CIC’s principal community partner—more than ever.
Since its start in 2009, Venture Café has fueled the growth of one of theworld’s most powerful innovation ecosystems. It’s propelled over 600
thousand innovators, developers, and civic-minded leaders for nearly
15 years in 15 cities around the globe—a global community of microcommunities, so to speak.

create instant bonds with some
new faces and I was able to learn
and think about things I didn’t even
VENTURE CAFÉ • 2022 BY THE NUMBERS

think related to me or my business.”

VENTURE CAFÉ TOKYO

64,000Participants
worldwide

439
ThursdayGatherings“It was very inspiring to see various
people working earnestly to solve
social issues through business.
I was also moved by the fact that

2,700
Total # ofsessions

2,500
Total # of
speakers

there are many people who aretrying to support such people.”

VENTURE CAFÉ ROTTERDAM“I have made so many amazing

34

Increasing access to entrepreneurship worldwide | CIC Magazine 2023

42%

27%

of event attendeesof participants identified

were first-timers

as startup founders

connections, it's such a great event,buzzing with entrepreneurs, andthere's nowhere else like it!”

CIC | cic.com

35Venture Café is a fast-growing, global network with a sharedglobal mission: connecting innovators to make things happen.
Each Café offers high-touch programming, spaces, storytelling,
and broad innovation engagement through its weekly flagship
Thursday Gathering and a localized approach.
When the pandemic unfolded in 2020, Venture Café was one of
the first organizations to transition to virtual gatherings. Similarly
in 2022, they’ve led the charge in safely reintroducing large-scalein-person gatherings, a testament to their social presence and agility.

Phoenix and Monterrey
debut as host cities

Rotterdam receives
SDG House title

In 2022, Venture Café welcomed two
new Cafés to their global network:
Venture Café Phoenix, USA and
Venture Café Monterrey, Mexico.

Venture Café Rotterdam became an
SDG House for the Netherlands, making
it an official place for organizations
whose visions align with the UN's
Sustainable Development Goals
to gather and collaborate.

A decade of bringing
innovators together
For over ten years, District Hall Boston has been a prime location for the
innovation community to gather and exchange ideas. As the world’s firstfree-standing public innovation center, District Hall was initially cofounded
by CIC in a public-private collaboration. It features an open workspace,classrooms, assembly space, a coffee shop and restaurant,
and hosts hundreds of meetings and events annually.

Expanding a vibrant,
engaged community
A District Hall in your neighborhood activatesthe location, creates local buzz, and attracts
innovators, retailers, and the wider community.
It also promotes the exchange of ideas,
becoming a prime destination for company
and community events. As of 2023, District
Halls are also located in Providence andWarsaw, with additional locations coming
soon across Asia, Europe, and the Americas.
36

Increasing access to entrepreneurship worldwide | CIC Magazine 2023

CIC | cic.com

37

Bringing the
network to life
After a year of isolation, social
distancing, and virtual gathering,
CIC focused on safely bringing
in-person events back to ourinnovation campuses in 2021. We
reintroduced well-loved eventsand created new formats to spark
connection among our diverse
clients—from Happy Hours in

St. Louis to Midweek Mingles
in Cambridge. We organized
events that welcomed a widecross-section of the communities
beyond our walls. And we donatedspace to numerous communityorganized events that align with
CIC’s innovation and social
impact missions.

Thinksgiving

Tokyo's 2nd Anniversary

This collaborative event with Filament paired
for-profits with non-profits for a day. The nonprofits brought a problem that they needed
assistance with, and the for-profit then helped
brainstorm impactful solutions. After a day ofproblem solving, each organization set up in
a common space to showcase their goals andwhat they accomplished with their partner.

To mark its 2nd anniversary, CIC Tokyo
held several events, including a birthday
celebration that welcomed CIC members andstaff. Celebration activities included bingo,
games with prizes, and excersises to help
guests meet and get to know each other.

Philadelphia Innovation
Celebration

MassGlobal Partners

CIC EVENTS • 2021 – 2022 BY THE NUMBERS

4,054

global CIC-hosted events

124,427$205,082
38

Bringing the network to life | CIC Magazine 2023

global event attendees

of in-kind donations of
US event space

To commemorate four years of driving
innovation and entrepreneurship, over 300
guests gathered to highlight CIC Philadelphia's
shared commercial lab space, flexible work
environment and the innovative work of current
clientele. Key stakeholders who attended
included the Mayor of Philadelphia, the Science
Center, and Wexford. The City of Philadelphia
awarded our campus with an honorary citation.

Longtime CIC clients MassGlobal Partners andCiP—advisory firms for companies considering
US expansion—hosted a three-day program at
CIC Cambridge for 18 Northern Irish scaleups in
the fintech, cleantech, and life science sectors.
In addition to organizing numerous investor
matching meetings, panelists, and speakers(including CIC CEO Tim Rowe and the UK Consul
General), the companies participated in a totalof 135 customized one-on-one meetings with45 mentors at the 245 Main Street space.

A bridge into
international
markets
From cultural differences
to taxation requirements,
entrepreneurs face many
unique hurdles when enteringinternational markets. In
2021, CIC established two
programs to support businesses
navigating these challenges:

CIC International Soft Landing Program
Realizing that international entrepreneurs benefit from help in understanding the customs,
culture, legal, and technical processes involved with expanding to the US, we organized both
virtual and in-person ISL programs in 2022 for startups from all over the globe. This two-weekprogram welcomed nearly 80 companies, equipping them with insights on topics ranging from
capital raising to legal considerations, and more.

“I’ve participated in other programs,
but not like this. The instructors wereInternational Soft Landing (ISL)
supports the commercializationof international companies
looking to expand in the
US; similarly, Japan Desk, aspecialized ISL offering, focuseson companies fostering businessbetween the US and Japan.

atomic—they knew so much! The
fact that they also gave us one-onone mentoring allowed us to all leave
prepared for our next steps. I foundthe program to be really powerful.”
Mariano Berazaluce,
ArcomedLab

CIC Japan Desk
CIC Tokyo collaborated with the CIC Japan Desk to run Demo Day, a bootcamp-style program
offering education, mentorship, and networking opportunities to Japanese startups entering
the US market by way of Boston. Sponsored by the Japan External Trade Organization (JETRO),
CIC Japan Desk welcomed 16 biotech and healthcare startups from Japan to Boston last fall. This
immersion in the US bio and healthcare industries culminated in a 7-day programming event at
CIC Cambridge, including a final Demo Day at Japan Innovation Night with Venture Café Cambridge.
A post-event survey found that across the cohort, confidence and skills for building abusiness in the US increased by 70 and 85 percent, respectively. All members gained abetter understanding of the healthcare industry, and 80 percent gained valuable businessconnections. CIC Japan Desk is also driving the innovation economy as the organizer of the
Global Acceleration Hub program, which supported over 40 additional Japanese startups in 2022.

40

CIC | cic.com

Concentrating
industry activity
for collective
success
Since day one, CIC has structured itself around the belief thatbringing innovators together fuels everyone’s success. Whether
it’s the relationships sparked by chance encounters in shared spaces,or the increase in investor attention on places with a high densityof startups, proximity creates a feedback loop of momentum.
This concept explains the emergence of industry-specific clusters at CIC—hubs of activity where companies with shared interests convene. With
our emphasis on community and ecosystem development, our campuses
provide an ideal environment for these clusters to form. In 2021 and 2022,
we saw considerable movement across our industry hubs worldwide.

42

Concentrating industry activity for collective success | CIC Magazine 2023

Cosmic Hub at CIC Warsaw
Run by the Polish Space Agency (POLSA), Warsaw’s Cosmic Hub is recognized as the leading
facilitator of connections within Poland’s space sector. In 2022, members of the hub continued to growand included consultants, satellite data users, upstream companies searching for natural resources,and downstream technology companies using space and satellite data. Cosmic Hub held morethan 20 events, including workshops focusing on facilitating collaborations with the European
Space Agency (ESA), assessing risk in the space industry, and finding funding for space projects.

AGENCY at CIC Cambridge
Soaring housing costs and high demand have combined to make Boston one of the most expensive
housing markets nationwide. Housing Navigator Massachusetts is addressing this challenge headon and is a member of CIC Cambridge’s Hub AGENCY, dedicated to technologies that support
healthy aging. In summer 2021, it released a free online tool that simplifies the search for affordable
rentals. Within six months, the tool had attracted more than 32,000 unique visitors from acrossMassachusetts. Many users are from communities experiencing racial and economic inequities,
and 10 percent of them are ages 65+. Another sign of the non-profit's progress: Massachusetts
now requires all new state-funded rental housing to be listed on Housing Navigator.

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44

Energy & Environment
Innovation Community at CIC Tokyo

Offshore Wind Cluster
at CIC Providence

In 2021, CIC Tokyo and U3 Innovations launched the Energy & Environment Innovation Community,a group that fosters the creation, growth, and acceleration of startups in the energy and environmental
space. The organization has seen some impressive growth since then, with 770 startups, investors,
incubators, researchers, nonprofits, government representatives, and corporations. In its first year,
E&E hosted 42 events that drew more than 8000 people. In 2022, E&E gained the support of 18 newsponsors, including the Tokyo Metropolitan Government, Tohoku Electric Power, Honda, Mitsubishi
Electric, and other distinguished firms in Japan.

In 2022, our members in the offshore wind industry grew to 30, with the addition of Crowley Maritime
Corporation in 2021, and Boskalis, and Venterra Group in 2022. These members chose the Providence
location for its robust and growing concentration of offshore wind companies within a larger hub ofinnovation that aims to support their long-term growth. Future plans for the offshore wind industry
include workforce programming, such as a lunch and learn with CIC Boston member NES Fircroft, theworld’s leading engineering staffing provider.

Concentrating industry activity for collective success | CIC Magazine 2023

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Strengthening
our mission
through inclusion
Fixing the world through innovation means paying attention to how we do
our work: prioritizing generative processes alongside bold solutions; striving
for greater equity in the industries we touch and the larger communities
where we reside; and cultivating not only diversity but true belonging for all.
In 2021 and 2022, we pursued a number of initiatives aimed at strengthening
the inclusive CIC community we envision and amplifying the social impact
efforts of our clients.

Creating communities we believe in
In 2021, our Diversity, Equity, Inclusion, and Belonging (DEIB) Advisory
Committee established four long-term goals for achieving DEIB throughout
our company. These goals provided a framework for our teams to develop
and implement initiatives through 2021 and 2022 in their respective areas.

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Eurovision Song Contest
Party at CIC Rotterdam
The Eurovision Song Contest is always
something to celebrate, especially whenyour city is hosting it. CIC Rotterdam saw anopportunity to collaborate with Gay Rotterdam(now known as OutInRotterdam) for a watch
party, a highlight for many of its members andone of the innovation center’s biggest events of
the year. The success of the event inspired Gay
Rotterdam to become a CIC member, creating
new opportunities to work in perfect harmony.

Goal #1: Representation
Ensure the CIC community is representative of the communities
in which we exist.
In 2021, we created a blueprint for more accurately reflecting the local communities
in which we operate. This helps to inform our recruiting, hiring, marketing,and social impact efforts. We are working intentionally to seek out and engage
applicants who may not already be familiar with CIC, and to ensure diverse pools of
candidates for our job opportunities. Additionally, we’ve introduced a plan to increase
the diversity of our vendors and partners, with a special focus on supporting
local businesses and community organizations. For example, we partner with The
Independence Center in St. Louis, a local community organization, to hire for ourpart-time Operations team member roles. Across our North American sites, we areseeing greater diversity represented by our candidates throughout the stages of ourinterview process, and in our strong finalists who then receive offers to work at CIC.

Goal #2: Belonging

Outside the Box Event
at CIC Warsaw
For the 2021 International Day of People
with Disabilities, CIC Warsaw partnered with
NaviParking to organize Outside the Box,an event that challenged stereotypes about
people with mobility challenges. The evening
featured an art exhibit in District Hall Warsaw
with works donated from several local artists.
The art was also sold through an online auction
and all proceeds went to Avalon, a foundationthat supports people with disabilities.

Foster an inclusive culture in which our CIC community, clients,and employees feel a sense of belonging.
We set into motion a number of initiatives that will serve as important steps towards our
objective of promoting belonging in 2023. These include standardizing participationin racial literacy and bias training, and kickstarting the formation of Employee
Resource Groups in early 2023. These employee-led committees are organized aroundparticular identities and work in alignment with the company's DEIB goals. Infosessions and trainings are being kicked off by the subcommittees this spring.

In 2021 our Events teams worldwide hosted DEIB-related
events open to our clients on a rotating basis, delivering up
to three events over the course of the year at each campus.

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Strengthening our mission through inclusion | CIC Magazine 2023

The Kokujin Experienceat CIC Tokyo
Kicking off Black History Month, CIC Tokyo
partnered with Jaspora, the largest platform
promoting the African diaspora in Japan to hostone of its first ever diversity events. This event
brought people together to initiate meaningful
dialogue, with more than 250 participants from
24 different countries banding together to discussand share what it means to be Black and/or
mixed race while living in Japan.

Inclusion Drives Innovation(IDI) program

Goal #3: Equitable Practices

CIC is a sponsor of the Kendall Square Association(KSA) Inclusion Drives Innovation (IDI) program—a ten-week professional development program
designed by and for KSA members, focused onbuilding anti-racist organizations by activating ateam of change agents.

Establish equitable practices, policies, systems, and programs to attract,
engage, and retain diverse clients, vendors, partners, and employees.
We're establishing job-related competencies across the organization that will be
integrated with our hiring, performance, and career management practices. By clarifying
expectations and requirements for each role, we aim to create a consistent, objective
baseline against which to evaluate candidates, employee performance, and promotions,and thus reduce bias. These equitable practices, policies, systems and programs aim
to attract, engage, and retain diverse clients, vendors, partners, and employees.

Goal #4: Proactive Citizenship
Be a proactive member of our larger communities in addressing
systems of oppression.
We understand the importance of using our sphere of influence for good, as we house such alarge community of people and companies within our walls. Our local sites are exploring waysthat we can give back and invest in our communities, including the creation/formalization ofSocial Impact Cohorts at several Centers, as well as developing a new system to increase thediversity of local vendors. We are also looking to assist others who are taking strides in theirjourneys towards inclusivity by sharing examples and framing the work we do here at CIC.

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Strengthening our mission through inclusion | CIC Magazine 2023

All-Inclusive Award in
Leadership Organization
In 2021, CIC Health received Color Magazine's
All-Inclusive Award in Leadership Organization
for its diversity, inclusion, and health equity
efforts during the COVID-19 pandemic. The award
recognizes the organization's efforts in creating
a welcoming vaccination and testing experiencefor people of all backgrounds and the company's
commitment to providing vaccination information
in English, Spanish, and six other languages.

Amplifying our communities' efforts for DEIB
We know that the work of societal transformation cannot be achieved byany single individual or organization. One way that we contribute to work
already being done in the community is through a series of programs thatprovide pro bono CIC memberships to small businesses, impact-driven
organizations, and entrepreneurs from under-resourced communities.
In addition to access to our workspaces, amenities, events, and network,
program participants have dedicated time with their cohort and may
access skill-building opportunities through General Assembly.
Originally piloted in Philadelphia, we have since expanded ourbusiness grant programs to two other US locations. In 2021, CIC St.
Louis welcomed its first social impact cohort of four companies in
October. This number increased to seven companies in 2022.

“We look forward to partnering withother organizations and entrepreneurs
to make a greater social and financial
impact in St. Louis; creating a spacefor creatives in the St. Louis area toconnect, learn, network and grow;and being able to facilitate long termchange in the innovative space.”
Chris Hill, CEO, Andre Walker, CMO,
MANUP Global
2022 Social Impact Cohort, CIC St. Louis52

Strengthening our mission through inclusion | CIC Magazine 2023

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Celebrating
the success of
our clients
CIC was founded as a place uniquely designed to help innovators
achieve their goals. We do this by creating spaces where they
can work, connect, access essential resources, and turn their ideas
into local and global impacts. As they succeed, so do we.
In 2022, we saw tremendous achievements throughout ourcommunity of more than 3,100 clients. We’d like to share someof these exciting stories with you, with a focus on four areas:sustainability, life sciences, equity, and urban planning.

Sustainability
usefull ■ cambridge
Today, more than 99 percent of disposable cups and containers end up in landfills, incinerators,
or as litter. Cambridge startup USEFULL is on a mission to transform our throwaway world, helping
colleges, corporate offices, and communities replace disposables with custom-designed, stainlesssteel to-go cups and containers that users can check out and return. USEFULL first came to CIC
Cambridge as part of the BlueSwell program, hosted by SeaAhead and the New England Aquarium,
and is growing fast, thanks in part to a pre-seed Investment round of $1.7M with UBMB, LLC.

transitionhero ◆ rotterdam
CIC Rotterdam-based engineering company TransitionHERO drives the realization of clean
production processes for industrial businesses. Combining cutting-edge technologies with strong
business cases and expert innovative mindsets, the team has projects underway with Coca-Cola,
Eneco, BioBTX, Bionexx, and more. In addition to having secured funding, the company has grown
to 18 employees since taking its first steps in 2019, and moved into a bigger office at CIC this year.

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Celebrating the success of our clients | CIC Magazine 2023

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55Life Sciences
verismo therapeutics ■ philadelphia
Verismo Therapeutics is a pioneer in CAR T-cell therapy for cancer—a treatment where
the patient’s own immune cells are collected and engineered to attack their cancer.
Verismo’s groundbreaking SynKIR-110 improves on prior generations of CAR T-cell therapy
to enhance performance, especially in solid tumors, which account for about 89 percent
of all cancers. In 2022, Verismo obtained FDA clearance and is now preparing to start its
first clinical trial at the Hospital of the University of Pennsylvania. SynKIR-110 was also
granted Orphan Drug Designation by the FDA for treatment of mesothelioma.

doctor one ◆ warsaw
A way to assuage global healthcare worker shortages, Doctor One enables more healthcare
services to be delivered virtually and asynchronously. The mobile platform also allows patientsto have unlimited access to their personal doctor for a monthly fee. The company’s uniqueapproach attracted a EUR 2.1M seed investment round, led by Berlin-based Atlantic Labs,
which will allow them to start their international expansion. In April 2022, the company
was recognized at the European Economic Congress as the best healthcare startup.

intus care ▼ providence
Founded by Brown undergrads in 2019, Providence-based Intus Care is helping health care providers
deliver the best possible care to elderly patients. Intus’s powerful data analytics platform identifies
patients’ risk of hospitalizations, readmissions, and chronic disease, empowering providers tomake informed decisions and optimize care. 2022 was a banner year for Intus: they establishedmultiple new partnerships in California and North Carolina, closed a $14.1M Series A led by Deerfield
Management, and passed the 25-team-member mark. Intus Care anticipates more growth in 2023
as they work to innovate PACE (Program of All-Inclusive Care for the Elderly) across the country.

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Celebrating the success of our clients | CIC Magazine 2023

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Equitypennrose ■ boston
Since 1971, Pennrose LLC has created safe, affordable rental housing communities forworking families and seniors. In June 2022, the Boston Office of Pennrose broke ground for
New England’s first LGTBQ-friendly development for seniors, The Pryde. Working with theirpartners at LGBTQ Senior Housing Inc., Pennrose will convert the former Rogers School in
Hyde Park, Boston, into 74 mixed income apartments. The development will also include
more than 10,000 square feet of community space, a courtyard, gallery, and community
garden. Pennrose will continue to be active throughout New England in 2023, with projects
including the creation of the first LGBTQ-friendly development in Connecticut.

per scholas ◆ st. louis
Per Scholas is on a mission to expand access to technology training and job opportunities for womenand people of color. The nonprofit offers courses in major cities across the US, including Philadelphia,
where they were a CIC member. When Per Scholas wanted to expand their offerings to St. Louis, theychose CIC. In June, they ran their first course at the CIC St. Louis campus, in partnership with theCortex Innovation Community. Students in the tuition-free, 15-week cybersecurity training certificate
program learned how to set up computer networks and firewalls, troubleshoot IP addresses, identify
network issues, and more. Additional courses are now underway, and enrollment is open for 2023.

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Celebrating the success of our clients | CIC Magazine 2023

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59techlabs ▼ rotterdam
At CIC Rotterdam, TechLabs is working to dismantle the digital divide through free training for young
people who would otherwise face barriers to entering the tech field. Its programs are based on threepillars: delivering personalized blended training that meets each learner where they are; building atech community where learners support and encourage each other; and presenting learners withchallenges that help them develop relevant skills, creativity, and an entrepreneurial mindset.

dream builders 4 equity ■ st. louis
Focused on community development through growing equity for youth, business, residents,
and real estate, CIC St. Louis member Dream Builders 4 Equity (DB4E) has made big strides toreach that goal. In 2022 it secured a five-year, $1M grant through the Little Pebble Foundation
and $100K in grants from the Regions Foundation to support homeownership. In June, Mayor
Tishaura Jones named DB4E cofounder Neal Richardson as Executive Director of the St. Louis
Development Corporation, the city’s economic development arm. DB4E also made progress
in raising funds for #HydePark2025, a large-scale project that employs local youth and BIPOC
contractors in building rehab initiatives and other community resource construction projects.

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Celebrating the success of our clients | CIC Magazine 2023

Urban Planning
unerry ■ tokyo
Tokyo-based unerry’s Real Behavior Data Platform captures and analyzes real-world, humanflow data—patterns of human movement in public spaces. Governments can use this data for
applications like city planning and congestion reduction, while businesses can use it to deliver
better and more personalized experiences for their customers. 2022 was a milestone year for
unerry, with their successful IPO in July. This makes them the first CIC Tokyo member to go public
since we opened our doors there. Thanks to alliances with major companies like Coca Cola West,
Dentsu, NTT Data, and Mitsubishi Corporation, unerry is expanding fast, with endeavors outside ofJapan on the horizon, including a smart city project in Indonesia with Mitsubishi Corporation.

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Looking ahead
Today, our team of 400+ is excited to see the collective positive
impact our clients, staff, and partners have made over the last
two years. And as we look towards the future, we will strive
to support even more companies succeed by expanding ourvibrant innovation ecosystems—spanning 50 cities across theworld, and helping turn their ideas into local and global impact.
If the pandemic taught us anything, it’s that we must remain
flexible and adaptable in the face of uncertainty. In deploying
new technologies, infrastructure, and implementing new
strategic ways of working, CIC will continue to support morecompanies who are fixing the world through innovation.
We look forward to continuing this journey with you.

“An innovation campus, when doneright, becomes kind of the warm heartof a city’s innovation community.”
Tim Rowe
CIC Founder & CEO,BostInno December 2022

cic.com@cicnow