The Massachusetts Technology Development Corporation (MTDC)

About the Book

When traditional manufacturers began leaving Massachusetts in the 1970s, politicians faced a daunting task: How could they revive a flagging economy?

They responded by starting their own venture capital firm to help finance the launch of innovative, technology-based companies. The Massachusetts Technology Development Corporation would create thousands of new, high-paying jobs.

John F. Hodgman, who retired as president and CEO of MTDC in 2001, shares an insider’s tale of how the unique public-private partnership achieved financial success—explaining why the MTDC was created and tracing its history over two decades. 

Along the way, he explores the changing patterns of technology start-ups and private venture capital, and how MTDC-funded companies revolutionized their fields. Moreover, he shares case studies of entrepreneurs who tell—in their own words—how the MTDC helped them succeed.

Grab a seat at the intersection of public policy, politics, and business and learn valuable lessons about investing, leadership, and entrepreneurship by studying the inner workings of The Massachusetts Technology Development Corporation.

About the Author

John F. Hodgman retired in 2015 as a professor of the practice in entrepreneurial leadership studies at the Tufts Gordon Institute, and is a board member of several nonprofit organizations. He graduated with a bachelor’s degree from Boston College and attended the University of Virginia Law School. He currently resides in Brookline, Massachusetts.