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Innovation and Entrepreneurship (I&E)

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NBC News

NBC News reporter Alex Koller spotlights Noubar Afeyan PhD '87 and the messages he shared as commencement speaker for the 2024 MIT graduating class. "I'm utterly unreasonable and an eternal optimist," said Afeyan, adding that to tackle improbable challenges having "a special kind of optimism" can help. 

Fast Company

MIT startup, 24M, has designed an EV battery with a range of 1,000 miles on a single charge, reports Adele Peters for Fast Company. “The extra-long range also can help the car’s battery last much longer,” explains Peters. “If you use a rapid charger to fully charge a battery, it can damage the battery, meaning it won’t last as long. Because it has such a long range, the new battery should rarely need a full rapid charge.”

Popular Science

Tomás Vega SM '19 is CEO and co-founder of Augmental, a startup helping people with movement impairments interact with their computer devices, reports Popular Science’s Andrew Paul. Seeking to overcome the limitations of most brain-computer interfaces, the company’s first product is the MouthPad, leveraging the tongue muscles.“Our hope is to create an interface that is multimodal, so you can choose what works for you,” said Vega. “We want to be accommodating to every condition.”

The Boston Globe

Boston Globe reporter Janelle Nanos visits The Engine Accelerator to learn more about their focus on providing tough tech startups with lab spaces and equipment. “We created this sort of ecosystem with support resources,” says Knight of the inspiration for the Engine Accelerator. “Where we are today was born out of those early needs, interviewing all these scientists and technologists, that were willing to work in a shared faculty but had different needs than existed.” 

TechCrunch

TechCrunch’s Tim De Chant has a look at MIT spinoff SiTration, which has developed a new process to reat mining wastewater and filter our critical minerals using silicon. “SiTration’s filters are built on the same style of wafers that are used to make computer chips and solar panels, though using a cheaper grade of silicon,” De Chant explains.

Forbes

Forbes reporter Michael Bernick spotlights Ultranauts, founded by Rajesh Anandan ’95 SM ‘96 and Art Shectman ‘95, which provides software testing services, quality engineering and test automation, data governance, and a recently launched suite of AI products to improve employee performance. The company employees people in 30 states, “75% of whom are neurodivergent.”

TechCrunch

Conner Galloway SB '08 SM '09 and Alexander Valys SB '08 lead Xcimer Energy Company, a startup seeking to provide economical nuclear fusion power and “pursuing what’s best described as a ground-up redesign of the underlying technology,” writes Tim De Chant for TechCrunch. “This is proven science,” Galloway, the CEO of Xcimer CEO, explains. “It’s just a matter of building a big enough laser, cheap enough laser and efficient enough laser.”

Inside Climate News

MIT spinoff Electrified Thermal Solutions is developing electrically charged bricks that generate and store heat as part of an effort to one day replace fossil fuels, reports Phil McKenna for Inside Climate News. “If you are running an industrial plant where you’re making cement or steel or glass or ceramics or chemicals or even food or beverage products, you burn a lot of fossil fuels,” explains Daniel Stack SM '17, PhD '21, chief executive of Electrified Thermal Solutions. “Our mission is to decarbonize industry with electrified heat.”

Fast Company

Prof. Asegun Henry founded Fourth Power, a startup using new technology to cut the cost of storing renewable energy, reports Adele Peters for Fast Company.  The technology is designed “to tap into excess renewable energy,” explains Peters. “That energy heats up liquid tin, which flows down carbon pipes to heat up the blocks. When the grid needs electricity again, the system generates it using special solar panels that run on the white-hot light from the pipes rather than sunshine. Because the system was designed for durability, the team expects it to last for three decades—far longer than lithium-ion batteries, which quickly degrade.”

The Atlantic

An analysis by The Atlantic’s Ronald Brownstein notes despite Republican resistance to electric vehicles, many new production facilities are located in GOP-represented states. MIT Innovation Fellow Brian Deese explains EV companies are simply seeking space and nearby manufacturing and construction capacity, but said “it’s pretty hard to think of a technology where there was a cheaper, better technology to solve a consumer need and consumers prioritized a cultural or political patina over lower costs and higher quality.”

The Economist

Prof. Kripa Varanasi and Vishnu Jayaprakash SM '19, PhD '21 co-founded AgZen, an MIT spinoff that is developing new technologies to improve the performance and effectiveness of pesticide treatments, reports The Economist. The new technologies “could reduce the total amount of fungicides and insecticides sprayed over complete crops by some 90%, as well as cutting the amount of adjuvants required,” writes The Economist.

Axios

Axios reporter Alex Fitzpatrick spotlights MightyFly, an aviation startup founded by Manal Habib ’11 that is developing a large, autonomous electric vehicle takeoff and landing cargo drone that has been approved by the Federal Aviation Administration for a flight corridor. "The use case is B2B expedited logistics," says Habib. "Think of deliveries from a manufacturer to suppliers. Think of deliveries from a lab to a hospital, or from a warehouse or pharmacy, as well as to improve deliveries to an oil rig or to a farm or a mining site, as well as for DOD use cases."

The Washington Post

GiveDirectly, a nonprofit co-founded by MIT and Harvard alumni, works with “economists to identify the most efficient ways to reduce poverty,” reports Katharine Houreld for The Washington Post. “Lump sums are the most efficient way to give cash, according to a study of GiveDirectly programs released in December that compared the impact of three methods,” explains Houreld. “Two years in, recipients of the lump sum have spent more money on health care, and more of their children have scored better on school exams, according to the study by MIT economics professor Abhijit Banerjee and others." 

Axios

Axios reporter Steph Solis spotlights Kura, an MIT startup that is “developing a platform to help immigrants safely deliver money to loved ones back home.” Solis explains that: “Families worldwide rely on wire services like Western Union and Moneygram, but in some countries picking up money means waiting in long lines and exposing oneself to thieves.” Clifford Nau MBA ’22 and Stephanie Joseph, a Harvard alum, “wanted to build a safer alternative that would be available 24/7.”

TechCrunch

Doug Ricket '01, MEng '02 co-founded PayJoy, a startup that aims to “provide a fair and responsible entry point for individuals in emerging markets to enter the modern financial system, build credit, achieve economic freedom, and access digital connectivity,” reports Mary Ann Azevedo for TechCrunch. “PayJoy is applying a buy now, pay-as-you-go model to the estimated 3 billion adults globally who don’t have credit by allowing them to purchase smartphones and pay weekly for a 3- to 12-month period. The phones themselves are used as collateral for the loan,” explains Azevedo.