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The Boston Globe

North

Beverly incubator grows life science, clean tech start-ups

BEVERLY — In 2008, when the economy plunged into recession, North Shore InnoVentures launched a business technology incubator to stimulate growth in the emerging life sciences and clean technology sectors.

It was a risky move. Biotech and clean energy firms require big dollars and brain capital. Banks are reluctant to lend ­money to start-ups without a proven track record of sales. With biotech incubators popping up in Boston and Cambridge, competition was intense to lure enterprising scientists and engineers.

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