In an article for Tribal Business News, Chez Oxendine writes about the “seven new fellows in MIT Solve’s Indigenous Communities Fellowship, a sub-cohort of MIT’s larger Solve program, which provides grant funding, technical assistance, networking, and mentorship to entrepreneurs.” The fellows will now participate in a nine-month program, “working closely with MIT Solve’s team to identify how best the organization can support their burgeoning solutions.”
The Boston Globe highlights Robert Buderi’s new book, “Where Futures Converge: Kendall Square and the Making of a Global Innovation Hub.” Buderi features the Future Founders Initiative, an effort by Prof. Sangeeta Bhatia, President Emerita Susan Hockfield and Prof. Emerita Nancy Hopkins aimed at increasing female entrepreneurship.
In an article for The Los Angeles Times, Prof. Simon Johnson and Oleg Ustenko, an economic advisor to President Volodymyr Zelensky of Ukraine, make the case that the U.S. needs to lead the way in cutting off oil and gas sales from Russia. “The financial sanctions already in place are important but, by themselves, they will not degrade Russian fossil fuel production capacity,” they write. “The critical issue now is to save Ukrainian lives by cutting off all possible revenue to the Russian state.”
Jin Stedge ’13 cofounded TrueNorth, a trucking company aimed at putting truckers in charge of their own companies, reports Igor Bosilkovski for Forbes. “We give truckers a single place to manage their whole business, and that’s everything from finding and booking loads, sending updates to customers, tracking applications, all in one place and charging one clean fee instead of ten different fees,” says Stedge.
Popular Mechanics reporter Jim Allen explores what inspired Amar Bose ’51, SM ’52, ScD ’56, a former member of the MIT faculty and the founder of Bose Corporation, to develop noise cancelling headphones.
Writing for Times Higher Education, senior lecturer Anjali Sastry argues that entrepreneurship is a key component in finding solutions to complex global health problems. Sastry spotlights how MIT students are provided with hands-on opportunities to “learn analytics, systems thinking, effective business models and entrepreneurial processes. They aren’t just learning how to maximize profits, but ways to understand the market and craft systems.”
MIT alumna Stephanie Lampkin has been named to Fortune’s 40 Under 40 List. As the founder and CEO of Blendoor, Lampkin “is determined to mitigate systemic bias in tech and beyond,” writes Ellen McGirt for Fortune.
Gigi Levy Weiss writes for Forbes about the importance of social change in tech education. Highlighting MEET (Middle East Entrepreneurs of Tomorrow), an MIT-supported non-profit that connects and empowers Palestinian and Israeli students, Weiss notes that alumni of the program “have gone on to study, work and lead in the global tech industry, as well as in NGOs and government roles.”
In a commentary on CNBC, graduate student J. Daniel Kim and a co-author describe research with Prof. Pierre Azoulay and the U.S. Census Bureau on the average age of successful entrepreneurs. By working with the U.S. Census Bureau, they were able “to examine all businesses launched in the U.S. between 2007 and 2014, encompassing 2.7 million founders.”
In this one-minute read for Fast Company, Michael Grothaus quips that “40 is the new 20,” based on a new working paper by Sloan Prof. Pierre Azoulay and graduate student Daniel Kim. They found that “when it comes to entrepreneurship, the average successful business founder is 42 years old,” reports Grothaus.
The Forbes Boston Business Council recommends the Martin Trust Center as “a great resource for early-stage Boston tech startups,” says Council member Ted Chan. “[C]onnections to people who have found success before are invaluable as you develop as a technology executive.”
Sloan sophomore Kai Kloepfer developed a “prototype of a biometrically secured ‘smart gun’ that could be fired only by its owner,” writes Mark Wallace for Fast Company. “We have to physically integrate our technology into the handgun,” Kloepfer says. “So that means attaching circuit boards and incorporating batteries. There has to be physical space made.”
Bloomberg View’s Barry Ritholtz interviews MIT Innovation Teams Program (i-Teams) Director Luis Perez-Breva about his love for projects that “look impossible,” ideas that are “born bad,” and what the word “innovation” really means.
Katie Rae, managing director of The Engine, has collaborated with other Boston-based female investors to create FemaleFounders.org. The group will hold “office hours” that will encourage “entrepreneurs to get to know women investors and build a community,” writes Ron Miller for TechCrunch.
Scott Kirsner of The Boston Globe outlines the three factors that have created a strong foundation for local startups that are focused on buildings. He highlights MIT’s designX accelerator program as one factor that has helped “would-be student entrepreneurs explore ideas tied to the built environment, and to potentially launch for-profit companies or nonprofit organizations.”