Innovation and Entrepreneurship (I&E)

Katie Rae, CEO and managing partner of the Engine Ventures, speaks with Boston Globe reporter Aaron Pressman about The Engine Ventures’ third investment fund, which remains focused on “helping early-stage startups develop and commercialize ‘tough tech,’ which can include anything from fusion power generators to cement made without fossil fuels.” Rae notes: “You see this dynamism not just for climate, but for all things manufacturing, whether it’s biotech, whether it’s AI chips, it is about as an exciting moment as you could get for what we do.” 

Ronald Davis III '18, SM '22, PhD '24 speaks with Jason Groves of Las Cruces Sun-News about how his research at both MIT and an Army Department of Defense lab inspired his interest in applying AI technologies to improve wireless communications, work he is now using as the foundation of his startup VectorWave. "When I think of a student earning multiple degrees from a school such as MIT along with a Ph.D., I'm blown away that it could come from a small place like Las Cruces [New Mexico]," says Brandon Sprague, Davis’ former high school mathematics teacher. 

Mario Ho '17, cofounded NIP Group, "an esports organization with a team of 125 pro gamers from China, Europe and Brazil," reports Zinnia Lee for Forbes. “NIP Group said it plans to expand into new markets such as Southeast Asia, North America, the Middle East, Japan and Korea,” explains Lee. “The company added that it would further expand its businesses in areas including esports education, digital collectibles and licensing of intellectual properties.”

Cofounded by postdoctoral associate Wen Shuhao and postdoctoral fellows Ma Jian and Lai Lipeng, biotech startup Xtalpi "combines AI, quantum physics, cloud computing and robotic automation to find novel molecules that could be developed into new medicines,” reports Zinnia Lee for Forbes. “Xtalpi has also recently expanded into discovering new chemical compounds for applications such as agriculture, cosmetics, healthcare, as well as petrochemicals and new materials for electric vehicle batteries,” writes Lee.

NBC News reporter Alex Koller spotlights Noubar Afeyan PhD '87 and the messages he shared as commencement speaker for the 2024 MIT graduating class. "I'm utterly unreasonable and an eternal optimist," said Afeyan, adding that to tackle improbable challenges having "a special kind of optimism" can help. 

MIT startup, 24M, has designed an EV battery with a range of 1,000 miles on a single charge, reports Adele Peters for Fast Company. “The extra-long range also can help the car’s battery last much longer,” explains Peters. “If you use a rapid charger to fully charge a battery, it can damage the battery, meaning it won’t last as long. Because it has such a long range, the new battery should rarely need a full rapid charge.”

Tomás Vega SM '19 is CEO and co-founder of Augmental, a startup helping people with movement impairments interact with their computer devices, reports Popular Science’s Andrew Paul. Seeking to overcome the limitations of most brain-computer interfaces, the company’s first product is the MouthPad, leveraging the tongue muscles.“Our hope is to create an interface that is multimodal, so you can choose what works for you,” said Vega. “We want to be accommodating to every condition.”

Boston Globe reporter Janelle Nanos visits The Engine Accelerator to learn more about their focus on providing tough tech startups with lab spaces and equipment. “We created this sort of ecosystem with support resources,” says Knight of the inspiration for the Engine Accelerator. “Where we are today was born out of those early needs, interviewing all these scientists and technologists, that were willing to work in a shared faculty but had different needs than existed.” 

TechCrunch’s Tim De Chant has a look at MIT spinoff SiTration, which has developed a new process to reat mining wastewater and filter our critical minerals using silicon. “SiTration’s filters are built on the same style of wafers that are used to make computer chips and solar panels, though using a cheaper grade of silicon,” De Chant explains.

Forbes reporter Michael Bernick spotlights Ultranauts, founded by Rajesh Anandan ’95 SM ‘96 and Art Shectman ‘95, which provides software testing services, quality engineering and test automation, data governance, and a recently launched suite of AI products to improve employee performance. The company employees people in 30 states, “75% of whom are neurodivergent.”

Conner Galloway SB '08 SM '09 and Alexander Valys SB '08 lead Xcimer Energy Company, a startup seeking to provide economical nuclear fusion power and “pursuing what’s best described as a ground-up redesign of the underlying technology,” writes Tim De Chant for TechCrunch. “This is proven science,” Galloway, the CEO of Xcimer CEO, explains. “It’s just a matter of building a big enough laser, cheap enough laser and efficient enough laser.”

MIT spinoff Electrified Thermal Solutions is developing electrically charged bricks that generate and store heat as part of an effort to one day replace fossil fuels, reports Phil McKenna for Inside Climate News. “If you are running an industrial plant where you’re making cement or steel or glass or ceramics or chemicals or even food or beverage products, you burn a lot of fossil fuels,” explains Daniel Stack SM '17, PhD '21, chief executive of Electrified Thermal Solutions. “Our mission is to decarbonize industry with electrified heat.”

Prof. Asegun Henry founded Fourth Power, a startup using new technology to cut the cost of storing renewable energy, reports Adele Peters for Fast Company.  The technology is designed “to tap into excess renewable energy,” explains Peters. “That energy heats up liquid tin, which flows down carbon pipes to heat up the blocks. When the grid needs electricity again, the system generates it using special solar panels that run on the white-hot light from the pipes rather than sunshine. Because the system was designed for durability, the team expects it to last for three decades—far longer than lithium-ion batteries, which quickly degrade.”

An analysis by The Atlantic’s Ronald Brownstein notes despite Republican resistance to electric vehicles, many new production facilities are located in GOP-represented states. MIT Innovation Fellow Brian Deese explains EV companies are simply seeking space and nearby manufacturing and construction capacity, but said “it’s pretty hard to think of a technology where there was a cheaper, better technology to solve a consumer need and consumers prioritized a cultural or political patina over lower costs and higher quality.”

Prof. Kripa Varanasi and Vishnu Jayaprakash SM '19, PhD '21 co-founded AgZen, an MIT spinoff that is developing new technologies to improve the performance and effectiveness of pesticide treatments, reports The Economist. The new technologies “could reduce the total amount of fungicides and insecticides sprayed over complete crops by some 90%, as well as cutting the amount of adjuvants required,” writes The Economist.