Boston Globe reporter Andy Rosen writes that The Engine has raised $200 million to invest in “tough tech” companies. “The interest from private investors reflects a recognition that the venture capital world must find better ways to evaluate the technical promise of emerging technologies, and give them time to succeed,” notes Katie Rae, CEO of The Engine.
The Engine has announced its initial investments in seven startups ranging from alternative energy to space communications, reports Alex Konrad of Forbes. “By helping research teams productize their ideas early, at the pre-seed and seed stages of investment,” The Engine hopes to keep talented students and professors in the Boston area, explains Konrad.
Bloomberg News reporters Tim Loh and Patrick Martin feature Prof. Jeffrey Grossman’s work turning coal into thin strips of durable film that can conduct electricity. “You can get them up to like 300 Celsius (572 degrees Fahrenheit),” Grossman explains. “That is by far much, much better than other kinds of thin-film heaters.’’
Times Higher Ed reporter Matthew Reisz writes about a new study by MIT research that provides evidence that physical proximity helps drive collaboration. Reisz explains that the “research also confirms the importance of designing academic buildings to encourage cross-disciplinary research.”
A study by MIT researchers shows that physical proximity can increase collaboration, reports Colleen Flaherty for Inside Higher Ed. The researchers examined thousands of papers and patents stemming from MIT research and found that “paper collaborators in the same workspace were three times more likely to work together than those located 400 meters apart.”
U.S. News & World Report’s Visi Tilak spotlights NuVu Studios, a school started by MIT graduates to create more hands-on learning experiences for middle and high school students. MIT alumna and NuVu co-founder Saba Ghole explains that students use “curiosity and creativity to explore new ideas, and make their concepts come to life.”
In an article for The Boston Globe’s 2017 “Game Changers” section - which highlights ideas, inventions, people and places making waves in Boston - Robert Weisman spotlights The Engine. “We hope to create world-changing companies that will grow in the Boston region,” explains Katie Rae, The Engine’s President and CEO.
Fox 25’s Kacie Yearout reports that a team of MIT students has developed a portable tool that converts text to braille in real-time. The students were awarded a Lemelson-MIT prize for their invention, which “uses a small camera with optical character recognition software to scan any printed material and convert it into a braille cell.”
Prof. Tim Berners-Lee has been awarded the Association for Computing Machinery’s (ACM) Turing prize for his work developing the World Wide Web, reports Hiawatha Bray for The Boston Globe. “It is hard to imagine the world before Sir Tim Berners-Lee’s invention,” says ACM President Vicki Hanson.
Prof. Tim Berners-Lee has been awarded the Turing Award for his work creating the World Wide Web and its underlying technology, reports Klint Finley for Wired. The web “succeeded because of the work he and so many other put into stewarding it as a platform,” writes Finley.
Prof. Tim Berners-Lee has won this year’s Turing Award, writes AP reporter Michael Liedtke. "It's a crowning achievement," says Berners-Lee of winning what is considered the Nobel prize for computing. "But I think the award is for the Web as a project, and the massive international collaborative spirit of all that have joined me to help."
Forbes reporter Janet Burns writes that Prof. Tim Berners-Lee has been named the recipient of this year’s Turing Award. In an interview with Burns, Berners-Lee emphasized the importance of internet privacy, and explained that he is currently working on building a “basic infrastructure in which each person has control of their own data.”
WBUR reporter Asma Khalid reports on how The Engine could help the Boston-area innovation ecosystem. Katie Rae, president and CEO of The Engine, explains that The Engine will support startups focused on tough technologies, which “take longer than most venture capital firms want to take bets on."
Katie Rae, president and CEO of The Engine, speaks with Meghna Chakrabarti of Radio Boston about her new role and why The Engine is aimed at addressing the gap between science and commercialization. Rae explains that The Engine will be focused on “investing very early into the translational stage for science-oriented startups.”
Nima, a startup founded by alumni Shireen Yates and Scott Sundvor, has been named to CNBC’s list of 25 promising start-ups for its portable food allergy detector, reports Ashley McHugh-Chiappone. “I just wanted a quick, easy way to test a piece of the dish and see for myself if it was gluten-free," says Yates of her inspiration for the device.