$25K for Boston Innovation District Startup

[Updated and corrected, 5:00 pm, 5/18/10] Boston Mayor Thomas Menino announced today that Spencer Trask Collaborative Innovations will sponsor a startup competition starting in July, and award $25,000 for the winning company to work in the “Innovation District” that the city is developing, the Boston Globe reported. [Note: Originally we cited venture capital firm Spencer Trask as sponsoring the award, but Spencer Trask Collaborative Innovations, a sister firm focused on public-private collaborations, is actually behind the competition. We regret the error.] Menino made the announcement alongside plans to develop 1,000 acres in the city’s seaport and Marine Industrial Park area, and said that the venture firm will award another $25,000 next year to fuel growth in a startup working in the area. The Innovation District will also be home to state startup competition MassChallenge, which launched in April.

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