Aleena Nadeem '16 founded EduFi, a fintech startup that provides a straightforward process for students in Pakistan to take out loans to help finance their education, reports Kate Park for TechCrunch. “Education offers hope and can change the lives of people. I am one example of millions out there,” says Nadeem.
A number of MIT spinouts and research projects – including the MOXIE instrument that successfully generated oxygen on Mars, a new solar-powered desalination system and MIT spinout SurgiBox – were featured on TIME’s Best Inventions of 2023 list.
Roofscapes Studio, an MIT startup co-founded by Olivier Faber MArch ’23, Tim Cousin MArch ’23 and Eytan Levi MArch/MSRED ’21, transforms rooftops into greenspaces as part of an effort to combat climate change and provide green spaces in cities, reports Kim Willsher for The Guardian. The team is looking to add, “wooden platforms fixed across the sloping panes to create roof gardens, terraces and even walkways,” in Paris to help prevent the city from overheating.
WBUR reporter Daniel Ackerman spotlights Sublime Systems, an MIT startup working to develop “construction-ready, emissions-free cement.” Ackerman explains that: “Sublime’s new approach uses electricity instead of heat. That means the process can be powered with renewable energy rather than fossil fuels. The method also prevents carbon dioxide from escaping the carbon-rich limestone during combustion.”
Curtis Northcutt SM '17, PhD '21, Jonas Mueller PhD '18, and Anish Athalye SB '17, SM '17, PhD '23 have co-founded Cleanlab, a startup aimed at fixing data problems in AI models, reports Alex Konrad for Forbes. “The reality is that every single solution that’s data-driven — and the world has never been more data-driven — is going to be affected by the quality of the data,” says Northcutt.
Quaise Energy co-founder Carlos Araque BS '01 MS '02 speaks with PBS Energy Switch host Scott Tinker about the future of geothermal energy. [Geothermal is “truly everywhere so it’s not a resource uncertainty, like there is with oil and gas, there’s always heat, but the technological gap prevents us from getting to it,” says Araque. These gaps “are the one caveat in unlocking this resource for everybody.”
National Defense Magazine reporter Sean Carberry spotlights Mesodyne, an MIT startup that is developing a thermal photovoltaic power generator that could be used to help extend battery power during military missions. Mesodyne’s LightCell generator can deliver “high-efficiency direct current power from a quiet device with no moving parts that could change the equation of an operator carrying 100 pounds of batteries for a three-day mission,” Carberry explains.
Researchers from Atlantic Quantum, an MIT startup building quantum computers, have published new research showing “the architecture of the circuits underlying its quantum computer produces far fewer errors than the industry standard,” reports Rashi Shrivastava for Forbes.
Dan Stack PhD ’20 speaks with TechCrunch reporter Tim De Chant about his startup Electrified Thermal Solutions, which is developing electrified firebricks to help decarbonize building materials.
Maria Telleria ’08, SM’10, PhD ’13 speaks with Forbes contributor Stuart Anderson about her experience immigrating to the U.S. as a teenager, earning her PhD at MIT, and co-founding a company. “I don’t think I would have had these opportunities if I could not have come to the United States,” said Telleria. “I think it helped me grow by being exposed to two cultures. When you have had to think in two different ways, I think it makes you better understand other people and why they’re different. Coming to America has been an amazing opportunity.”
Wall Street Journal reporter Scott Patterson spotlights Form Energy, an MIT startup that will produce long-duration batteries using an electrochemical reaction that turns iron into rust and back again. Patterson notes that the goal at Form Energy was to “develop batteries that were cheap, didn’t catch fire, didn’t need scarce and costly metals like cobalt and lithium, and could produce electricity for a long time.”
Olivier Faber MArch ’23, Tim Cousin MArch ’23 and Eytan Levi MArch/MSRED ’21 co-founded Roofscapes Studio – an MIT startup that is transforming rooftops into green roofs to provide outdoor spaces in cities and combat the effects of climate change, reports Julia Chatterley for CNN.
Venti Technologies, which was co-founded by MIT researchers and alumni, is working to build autonomous vehicles for industrial and global supply chain hubs, reports Bruce Rogers for Forbes. “Working with the world's leading port operator provides Venti the opportunity to bring the economics of autonomous vehicles to over 60 ports globally,” writes Rogers. “These ports operate 24/7 requiring 2-3 shifts of human drivers.”
Boston Globe reporter Hiawatha Bray spotlights WiTricity, an MIT spinoff that designs wireless charging systems. “WiTricity uses magnetic fields rather than cables to give batteries a boost,” explains Bray.
Fortune has named Katie Rae, CEO of The Engine, as one of the top 13 seed stage, climate tech VCs to watch, reports Lucy Brewster for Fortune. “Rae tops venture firm The Engine, which beyond being a fund, is an investing arm that spun out of MIT,” explains Brewster. “Yet Rae invests in an array of companies and sources founders from beyond just university walls.”