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.
Rana el Kaliouby, co-founder of MIT spinoff Affectiva, speaks to Asma Khalid from WBUR’s Bostonomix about her company’s work making tech devices that are more emotionally intelligent. “We envision a world where our devices and our technologies are emotional-wear,” says el Kaliouby. “They can sense and respond to your emotions in real time in a way that makes the interaction more positive.”
Boston Magazine reporter Jamie Ducharme writes about BioBot Analytics, an MIT startup focused on bringing cities public health information by drawing on the data found in sewage systems. Ducharme writes that by “analyzing samples from the sewer…Biobot is adapting individualized methods of studying the human microbiome” on an urban scale.
WBUR’s Zeninjor Enwemeka reports that MIT has been named one of the top schools in the country for entrepreneurs. Enwemeka notes that, “for undergraduate schools that produce venture-backed entrepreneurs, MIT ranks third with 907 entrepreneurs and $16.1 billion raised.”
Wall Street Journal reporter Alexander Davis writes that MIT researchers have found venture capitalists would have better exit success rates if they relied more on mathematical models to build their portfolios. The study examined the, “exit probabilities among thousands of startups since 2000 seems to bolster the argument for letting quantitative analytics drive more of the venture industry.”
FOX 25 reporter Bob Dumas features a dance-party lamp developed by MIT researchers aimed at getting girls interested in STEM fields. “There’s research that shows girls, around middle school age, their participation in STEM classes and curriculum starts to drop off," explains Prof. Maria Yang. She adds that she wants to, "get girls back on the STEM train by engaging their interests.”
In an article for Forbes, Peter Cohen examines why the Cambridge area has become such a hub for startups. Cohen highlights how universities like MIT contribute to a region’s economic activity and to its supply of innovation and talent. He notes that, “by 2014 MIT alumni had created 30,200 companies with $1.9 trillion in revenue.”
In an article for Forbes, Champaign Williams highlights a new app developed by two MIT graduates that, “connects millennials and college students in search of temporary housing with baby boomers who have excess space and could use the extra cash.”
MIT alumni Noelle Marcus and Rachel Goor have created a housing app that matches graduate students looking for housing with homeowners looking for assistance with household chores, writes Colleen Flaherty for Inside Higher Ed. Marcus explains that the app could help the “aging population in the U.S. stay in their homes.”
Writing for The Boston Globe, Tim Logan writes that MIT filed a mixed-use zoning petition for the 14-acre Volpe site in Kendall Square. Logan notes that the Volpe redevelopment is part of a broader push by MIT to make Kendall Square, “feel more like a fully-fledged neighborhood.”
CNBC reporter Colleen DeBaise speaks with MIT alumna Tish Scolnik about what inspired her to pursue a career in STEM. "There are so many big problems that the world is facing," Scolnik says. "Many of them can't be solved by engineering — but many of them can."
UPI reporter Brooks Hays writes about MIT spinout Open Water Power, which developed a battery that can be powered by seawater. Hays writes that the, “technology promises to extend the range and capabilities of unpiloted underwater vehicles, or UUVs.”
WBUR’s Rachel Zimmerman reports that Rendever, a startup launched by MIT graduates, has been awarded $40,000 by Pulse@MassChallenge, an accelerator aimed at supporting digital health startups. Rendever developed a virtual reality platform that aims to reduce social isolation and improve mental health, “through technology that allows seniors to relive and remember personal and family experiences and explore new environments.”
In an effort to make it easier for Americans, in particular Latinos, to save for retirement, MIT alumnus Carlos García launched Finhabits, a “bilingual digital platform that gives investment advice and teaches and encourages individuals how to invest and save for retirement,” writes Kristina Puga for CNBC.