Technology: Another big year
In technology, all signs point to another big year for Massachusetts. Some of the state’s hottest start-ups, such as the Cambridge software firm HubSpot Inc. and Boston’s network security company Rapid7 Inc., are poised to launch initial public stock offerings, which will pump more cash into the state’s innovation ecosystem.
But what could be even more promising is a growing interest among venture capitalists in funding tech start-ups that work in mobile technology, robotics, big data analytics, and enterprise software – all areas in which Massachusetts companies excel.
One of the most talked about tech trends is another Massachusetts specialty known as “big data.” This segment of the tech industry uses sophisticated software to analyze massive datasets collected from the Internet and other sources.
Big companies such as EMC Corp. of Hopkinton and tiny start-ups such as Sqrrl Data Inc. of Cambridge are banking on big data getting bigger. But as consumer data becomes more of a commodity, Congress will consider legislation in 2013 to increase privacy safeguards around the public’s online information.
Another piece of federal legislation that could affect the region’s innovation economy is the JOBS Act: The Jump-start Our Business Startups law, enacted earlier this year, allows start-ups to raise money from the public over the Internet.. The Securities and Exchange Commission must adopt rules to govern so-called crowd funding, but if it does, 2013 could be the year that dramatically changed how companies get started. - Michael B. Farrell