In an article for Science, Vijaysree Venkatraman highlights MIT’s Translational Fellows Program, which helps “postdocs go from being job seekers to job creators.” Founded by Yoel Fink, the program allows students to evaluate business ventures for real-world sustainability.
Prof. Harvey Lodish and Prof. Emeritus Nancy Hopkins explain in The Boston Globe that the lack of women in the biotech industry stems from the exclusion of women at the venture capital firms that fund those companies. “Including more women in the pool of venture and biotech leaders will insure the success of the Massachusetts biopharmaceutical ecosystem,” Profs. Lodish and Hopkins conclude.
In an article for The Wall Street Journal about how business schools are increasingly developing programs to help entrepreneurs, Kelsey Gee highlights the MIT Sloan School of Management. For alumna Rena Pacheco-Theard, “becoming a real entrepreneur became a distinct reality for the first time at Sloan.”
Graviky Labs, co-founded by Media Lab alum Anirudh Sharma, is creating soot traps for exhaust pipes that can capture carbon emissions and turn the pollutants into inks. Known as Kaalink, the product “can collect enough carbon to produce one fluid ounce of ink, enough to fill a pen, in about 45 minutes,” writes Liz Stinson for Wired.
A new study by MIT researchers examines the difficulties American entrepreneurs face in trying to scale their companies, according to The Economist. The researchers found that while “the American economy is still producing plenty of the right sort of firms, with lots of growth potential…fewer of those firms seem to grow big.”
Alumna Tish Scolnik, CEO of GRIT, speaks with Justine Hofherr of Boston.com about how an MIT class inspired her career. Scolnik explains that the idea for GRIT, an MIT startup that produces wheelchairs that allows users to traverse rugged terrain, “started back at MIT as a class project.”
Wall Street Journal reporter Jeffrey Sparshott writes about a new study by MIT researchers that examines the current state of American entrepreneurship. The researchers found that American entrepreneurs face difficulties in the potential for “firms to scale in a meaningful way over time.”
In an article for The Boston Globe, Hiawatha Bray writes about MIT startup Passport Systems Inc., which is developing new ways to spot atomic hazards. Bray writes that the company is currently working on a scanner that will inspect shipping containers entering the Port of Boston.
Tech reporter Scott Perry writes about the MIT Sandbox Innovation Fund program, which aims to support student innovators and entrepreneurs. Dean Ian Waitz explains that the goal of the program is “developing the students, not the ideas,” adding that he hopes Sandbox will become “entrenched in the Institute’s culture much in the way UROP or UPOP has.”
Bill Aulet, Managing Dir. of the Martin Trust Center, shares his tips on becoming an entrepreneur with Tito Philips of The Guardian. “Closely following the people who become an entrepreneur by creating new business ventures from their breakthrough technologies are those with great business ideas,” says Aulet.
Senior lecturer Sharmilia Chatterjee writes for Fortune about the growth in box-delivery subscription services and how large retailors may end up edging them out of the market. “Before entrepreneurs rush into the subscription box space, they should take heed of a number of factors including…the entry of big players,” Chatterjee writes.
A new report details the entrepreneurial impact of MIT’s alumni entrepreneurs, reports Hiawatha Bray for BetaBoston. “We’re seeing a more rapid rate of growth than we have ever seen before,” explains Prof. Edward Roberts, in the “growth in the formation and startup of new companies by MIT alumni.”
MIT graduate Christine Marcus and Senior Lecturer Bill Aulet speak with Ian Wylie of the Financial Times about entrepreneurship education. Marcus explains that while taking courses at MIT Sloan, she realized that “entrepreneurship is a part of my soul and a very exciting way to impact the world.”
Vijee Venkatraman writes for BetaBoston about Cake, a startup founded by MIT alumnus Suelin Chen that aims to simplify end-of-life planning. “We wanted to focus on the fact that the only reason to plan for end of life is to make living better,” says Chen.
Senior Lecturer Phil Budden writes for Fortune about how the Greek financial crisis also presents an opportunity. Budden recommends that Greece, “shift its focus away from its macroeconomic problems and toward the task of creating an innovation ecosystem.”