Innovation and Entrepreneurship (I&E)

The conversational AI models developed by MIT spinout Liquid AI are being introduced in Mercedes-Benz cars, writes Isabelle Bousquette for The Wall Street Journal. “Liquid AI invented a new architecture known as liquid neural networks, adaptive and efficient systems inspired by the neural activity of worms known scientifically as C. elegans,” writes Bousquette. Using the Liquid AI models in vehicles instead of cloud-based AI systems could allow for more “privacy, speed and the ability to run without constant network connectivity.” 

Forbes’ Amy Feldman spotlights Ossium, a startup that retrieves and cryopreserves bone marrow for use in life-saving procedures, co-founded by CEO Kevin Caldwell ‘08. “Ossium’s bone marrow has been used to treat blood cancer and, in one case, severe aplastic anemia, a rare and serious condition where the bone marrow stops making enough new red blood cells,” writes Feldman. “We want to make these blood and immune diseases a thing of the past,” says Caldwell.  

Visiting Scholar Ariel Ekblaw SM ’17, PhD ’20 speaks with CNN’s Amy Gunia about her work developing TESSERAE, a space architecture project involving magnetic, self-assembling tiles that could one day be used to create structures in space. “The tiles can be stacked on top of each other inside a rocket and released in space, where they can autonomously attach to each other—employing electro-permanent magnets, cameras and AI—to create a predetermined shape,” Gunia explains. The tiles “can self-assemble into something way bigger than the size of the rocket that they came up in,” Ekblaw shares, which could allow humans to build “science-fiction-worthy, big, grand structures” in space. 

Metropolis reporter Anthony Paletta details how MIT’s inaugural Future Fest “brought together visionary leaders across design, technology, and art to address the world’s most pressing problems.” The festival featured the public debut of the redesigned Metropolitan Warehouse, along with conversations, exhibits and demonstrations on architecture, design and technology. “There are no shortage of things going wrong in the world, and others likely to follow,” writes Paletta, “but MIT’s Future Fest offered reassuring proof that we’ve not run out of means to address these problems.” 

For Manufacturing Dive, reporter Nathan Owens spotlights MIT’s Technologist Advanced Manufacturing Program (TechAMP), a 12-month-long program that combines online instruction with hands-on lab work to bridge the gap between technical engineering and management skills, designed for working technicians or operators. “Students gain foundational leadership, process control and systems thinking skills,” notes Owens. TechAMP has “really shown me how to communicate more, communicate problems more, communicate solutions more,” says Brian Coppenrath, who completed the program.  

Fast Company’s Adele Peters highlights Firma Power, a clean energy developer co-founded by MIT alumni aimed at working with data centers to use clean alternatives to gas power. “We started the company with the hypothesis that despite the fact that 98% of what’s in the queue is wind, solar and storage, that’s not getting tapped as the default path to power for large loads—so there’s got to be some market frictions and barriers there,” says Jesse Jenkins SM ’14, PhD ’18.  

Boston Globe reporter Jon Chesto spotlights the fall fair event held as part of the MIT x GE Vernova Energy & Climate Alliance, during which, GE Vernova CEO Scott Strazik shared his enthusiasm for hiring MIT graduates. “Something we talk a lot about inside Vernova is the world is changing very quickly but we need to change quicker and even faster than that so we can lead in the world,” says Strazik. “Over the last year-plus on this campus, we see a lot of opportunities for us to get better through bringing you into the organization.”  

Hertha Metals, a startup founded by alumna Laureen Meroueh SM ’18, PhD ’20, “has developed a way to produce high-purity iron needed in the magnets used in everything from electric vehicles to humanoid robots,” writes reporter Stephanie Findlay for the Financial Times. “Hertha is breaking ground on a 10,000-tonne-a-year commercial facility today on the outskirts of Houston to produce the metal,” Findlay highlights. “The company plans to produce the first steel-grade iron in the fourth quarter of next year and start producing the high-purity iron by 2028.” 

MIT startup Alsym Energy, cofounded by Prof. Kripa Varanasi, has developed an alternative to lithium-ion batteries using sodium ions, writes Morgan Clendaniel for Fast Company. “The battery is nonflammable and nontoxic, allowing it to be placed in more sensitive areas and saving money on cooling systems that often have to be co-installed with large lithium batteries,” explains Clendaniel.  

VulcanForms, a 3-D printing manufacturer that produces “complicated metal parts for a variety of industries, at speed and at scale,” founded by Martin C. Feldmann ’14 and Prof. John Hart, is expected to double its workforce within the next year, reports Jon Chesto for The Boston Globe. “We were born out of MIT, we’ve kind of got our DNA here,” says Kevin Kassekert, chief executive of VulcanForms. “Massachusetts is a place where you can attract the best talent in the world.” 

Forbes’ Afdhel Aziz highlights Extern, a platform that “helps students graduates and career switchers do real projects for companies,” founded by alumnus Matt Wilkerson ‘04, ‘05. “Nearly 90,000 people have used the platform to build experience they can put on a resume and talk about in an interview,” writes Aziz. “I want to work on a problem that really changes someone’s life in a very deep way, says Wilkerson.  

BBC News reporter Chris Baraniuk highlights MIT startup Alsym Energy, which is developing sodium-ion batteries. Drew Buckley, chief executive at ESS Tech, “points out that sodium ion batteries could help distribute renewable energy to data centers,” writes Baraniuk. “And those batteries should be cheaper to run than lithium-ion alternatives, since they are not expected to require as much cooling.”  

Using AI, satellite, and ocean current data, MIT spinout Coastal Assembly constructs artificial reefs designed to help rebuild beaches restore shrinking beaches, writes Fast Company’s Adele Peters. “We take 10 years of data, and we say, where do we predict the critical areas of erosion will be in the coming months to year,” says Prof. Skylar Tibbits, co-founder of Coastal Assembly. “That tells me where the best place is to intervene—what’s the part that is most critical, where we should focus our time, effort, and money.” 

MIT startup Fourth Power, founded by Prof. Asegun Henry, has developed a solar cell that generates its energy through built-in solar panels powered by hot graphite, writes Hiawatha Bray for The Boston Globe. “The Fourth Power system can be heated up using renewable energy, like wind or solar power, at times when these resources are cranking out surplus power,” writes Bray. “[T]he Fourth Power technology could become a preferred method of providing extra power to electrical grids during periods of peak demand.” 

Emily Knight, President and CEO of The Engine  will serve as Boston’s next economic development chief, “bringing life back to empty downtown office spaces, supporting neighborhood business districts and keeping young workers in Boston as the cost-of-living soars,” writes WBUR’s Eve Zuckoff. “I want to help companies start here and grow here while making sure the jobs and industries they create are felt in every neighborhood across the City,” says Knight.