The NH High Tech Council has named the co-founders of Borealis portfolio company Adimab, Inc. as 2010 Entrepreneurs of the Year. Tillman Gerngross (CEO), Dane Wittrup (Office of the CSO), and Errik Anderson (COO) founded the biotech company in 2007 to develop an integrated platform for antibody discovery and optimization. In less than three years, the Adimab team has brought to market a world-leading technology that delivers purified, full-length human antibodies to such pharmaceutical partners as Merck, Pfizer and Roche at unprecedented speed. Notably, Gerngross is the first two-time recipient of the Entrepreneur of the Year honor, having been named previously for co-founding Borealis portfolio company GlycoFi, which was acquired by Merck in 2006 for $400 million. Adimab is based at the Dartmouth Regional Technology Center in Lebanon, NH.

Borealis Ventures is pleased to announce that Mark Prestipino has joined the team as an Entrepreneur-in- Residence. Mark will be working with the Borealis investment team as we evaluate new investment opportunities and will facilitate the development of new start-up company ideas in the software space with our growing network of technology entrepreneurs and partners.

Mark brings 28 years of software industry experience to the Borealis team. He began his career in sales and general management, advancing to VP US Field Operations for Versyss (private/healthcare) and Softdesk (public/engineering). Mark then directed worldwide IT at Autodesk (public/engineering). Mark most recently served as President/CEO at Borealis portfolio company Scribe Software (private/SMB integration), where he executed a successful turnaround, growth plan, and eventual sale of the company.

Mark has successfully managed companies at all stages of development and is known as a hands-on executive with a track record of building strong teams and channels focused on delivering superior results and customer loyalty. Jesse Devitte said, "I have been fortunate to witness firsthand Mark's broad capabilities at work and we at Borealis Ventures are excited that our existing and potential portfolio companies can now benefit from his expertise in sales and channel development, IT, operations and knowing what it takes to be a leader and a successful CEO."

Team Borealis is gearing up for the 29th Annual Prouty Century Bike Ride & Challenge Walk and we need you to join our team! The 2010 Prouty will take place on Saturday, July 10, 2010. Proceeds from the event support cancer research and patient services at Dartmouth- Hitchcock's Norris Cotton Cancer Center, an Upper Valley institution that delivers global impact. The Prouty's fundraising goal for 2010 is $2,250,000 and Team Borealis plans to surpass the $50,000 we raised last year - but to do this we need you on the team!

Please note there are multiple ways to participate. While most of Team Borealis will hit the road on bikes for the 20, 35, 50 and 100 mile loops, you may instead opt for a walk through the scenic Connecticut River Valley (ranging 5K to 20K). And for those bikers looking for a sweeping tour of NH and VT- 2 days and 200 miles- there is the Prouty Ultimate.

An important addendum: Team Borealis IS NOT an exercise in exclusivity. We welcome team members of all ages and fitness levels. Also, if people in your network might be excited to be part of our action at The Prouty, please forward this email along to them. Special points toward Team Borealis logowear to those that recruit others! And all Team Borealis members are invited to a carb-loading cookout the night before we hit the road.

See below for information on registering for Team Borealis and The Prouty. And, of course, please feel free to contact any of us with questions about this great event.

We hope to see you in July!

Register for Team Borealis

To join our team please visit the Prouty website at: www.theprouty.org.

- From the home page click on the "Register Here" icon at the center of the page.
- Agree to a waiver.
- The following page will present 4 registration alternatives. Choose "Join a Team".
- A drop-down menu will appear that lists all of the teams registered for the event. - From this list choose "Team Borealis" (NOT "Borealis Bikes") then press 'Continue'.
- A form allowing you to provide all of your personal information will complete the registration process.
- After you fill in the required information you will be added to the Team Borealis roster & you will have an individual URL created that you can send to friends, family and co- workers for quick and easy fundraising.