Startups

Cognito Therapeutics, founded by Prof. Ed Boyden and Prof. Li-Huei Tsai, has secured a large-scale trial to test a new device aimed at treating Alzheimer’s disease, reports Sarah McBride for Bloomberg.

Forbes reporter Ed Garsten spotlights Sampriti Bhattacharyya PhD ’17, founder of Navier, and her work in developing the N30, the first commercially available electric hydrofoiling boat in the United States. Bhattacharyya, a former aerospace engineer, “turned to waterborne transportation during her doctorate work at MIT where she worked on underwater drones and had a key realization,” writes Garsten.

Jake Becraft PhD ’19 and former postdoctoral associate Tasuku Kitada co-founded Strand Therapeutics, a biotech firm developing mRNA therapies for cancer, reports Ryan Cross for The Boston Globe. They created “a way to activate mRNA in the presence of particular microRNAs – a much more useful application for therapies,” writes Cross. 

WCVB reporter Karen Holmes Ward spotlights Joshua Reed-Diawuoh MBA ’20, founder of Gria Food Co., a U.S.-based food company that provides locally sourced snacks from Africa to customers around the world. Ward highlights Diawuoh’s work with Commonwealth Kitchen, a commercial kitchen that aims to uplift local businesses.

Forbes reporter John Cumbers spotlights Jasmina Aganovic ’09 for her work in combining biotechnology with skincare. "Biotechnology enables us to expand the ingredient palette of the beauty industry to molecules in all parts of the tree of life, ethically and sustainably," says Aganovic.

Alumna Geeta Sankappanavar founded Akira Impact, an investment firm that directs capital to support the UN Sustainable Development Goals, reports Cheryl Robinson for Forbes. “The firm invests in companies that support gender equality, clean water and sanitation, clean energy and responsible consumption and production,” writes Robinson.

Graduate student Kevin Frans co-founded OpenAI, a for-profit research lab that aims to provide free public access to artificial intelligence systems, reports Hiawatha Bray for The Boston Globe. “Our mission is to put AI is the hands of everyone,” says Frans.

TechCrunch reporter Brian Heater recounts his visit to the Cambridge area to visit and explore a number of startups. Heater discusses his visit to The Engine; his time with Perch, a startup founded by MIT student athletes that is building a “professional strength training detection system used by several professional sports teams;” and his meeting with LeafLabs, an engineering services company founded by MIT graduates.

Boston Globe correspondent Scott Kirsner explores the growth of quantum computing from the field's roots “at a 1981 meeting in Dedham, at MIT’s Endicott House conference center.” Bharath Kannan PhD ’22, co-founder and CEO of Atlantic Quantum, notes that if researchers could develop a computer that was natively quantum mechanical, "it would be game-changing for a lot of industries.”

CNN reporter Isabelle Gerretsen spotlights Lisa Dyson PhD ’04 and her startup Air Protein, which is developing a new technique to make protein “using just microbes, water, renewable energy and elements found in the air.” Air Protein has created “a new type of agriculture and a new way of growing food that doesn’t require arable land,” Dyson says.

Research from Synlogic, a biotech company founded by Profs James Collins and Timothy Lu, has found that it’s the company’s engineered bacteria could provide some benefit to patients with a rare genetic disease, reports Emily Mullin for Wired. “Similar to how you might program a computer, we can tinker with the DNA of bacteria and have them do things like produce a drug at the right time and the right place, or in this case, break down a toxic metabolite,” says Lu.

CNBC reporter Catherine Clifford spotlights C16 Biosciences, a startup co-founded by MIT alumni that is developing a palm oil alternative called Palmless. “What we are building is a platform technology that can produce all different kinds of microbial oils,” explains David Heller ’18, co-founder and head of operations at C16 Biosciences. “It’s definitely possible that we’re able to make other kinds of vegetable oil replacements in the future.” 

QuEra Computing, a cloud-based quantum computer service co-founded by faculty from MIT and Harvard, has “teamed up with Amazon’s AWS cloud service to sell online access to the device,” reports Hiawatha Bray for The Boston Globe. The device “can be used by universities and corporate researchers worldwide for a variety of advanced tasks, like simulating the behavior of subatomic particles or developing new chemical compounds,” writes Bray.

Prof. Kripa Varanasi and his colleagues have founded Alsym Energy, a startup working toward developing a lithium battery alternative, reports Hiawatha Bray for The Boston Globe. The founders say “they’ve built a new kind of rechargeable battery that delivers the performance of lithium ion cells at half the cost,” writes Bray.

MIT has been named one of the top universities in the country for educating students that go on to found venture-capital-backed startups, according to PitchBook’s annual rankings, reports Steph Solis for Axios.