Innovation and Entrepreneurship (I&E)

The Financial Times’ Anjana Ahuja spotlights research led by Prof. Dennis Whyte on the economics of fusion energy. “Economic Q, the metric devised by Whyte and others and which must exceed one to represent net economic gain, compares the capital gained over a fusion energy plant’s lifetime to that expended,” writes Ahuja. “Factors reflect the extreme engineering involved and include construction costs, component durability and the efficiency of converting fusion power into a commodity.” 

In an opinion piece for Fast Company, Hala Hanna, Executive Director of MIT Solve, outlines a blueprint for solving the world’s hardest problems in the next decade. “The last decade rewarded whoever could invent the best solution. The next one will belong to whoever can build the conditions for good solutions to survive, spread, and rewire the systems around them,” writes Hanna.  

MIT researchers have developed a framework to determine what is needed to make fusion energy commercially viable, writes World Nuclear News (WNN). “The parameters in the framework describe engineering features of the fusion power plant such as power density, the efficiency of converting fusion power into an economic product, and the durability of components used in the energy conversion, in addition to costing and market parameters that assess the expenses and returns from invested capital,” explains WNN.  

Prof. Dennis Whyte and Prof. Andrew Lo have built a framework to mitigate the economic challenges of fusion power, writes Interesting Engineering’s Ameya Paleja. “While there are multiple approaches to building a nuclear fusion facility, Whyte and colleagues believe that at the end of the day, the facility should be in a position to generate more money that has gone in to building and operating it, otherwise it won’t last for long,” writes Paleja. 

MIT spinoff Found Industries’ new Cambridge headquarters and metals processing development center is highlighted by Boston Business Journal's Lucia Maffei. “We are developing electrochemical processes to recover gallium and, in time, indium, and germanium, and antimony and other critical metals directly from existing industrial streams,” says Peter Godart PhD ‘21, Found Industries CEO.  

Principal Research Scientist John Liu speaks to Manufacturing Dive’s Nathan Owens about MIT’s Technologist Advanced Manufacturing Program (TechAMP), a 12-month-long certificate program designed to "bring experienced technicians into leadership roles with a focus on advanced manufacturing needs.” Says Liu: "We’re looking at developing this elite workforce who bridges the gap. What we’re trying to do is upskill the technician.” 

Bloomberg’s Gautam Mukunda highlights Prof. Scott Stern’s finding that 0.07% of business registrations in the 2010s reached meaningful acquisition within six years, and Prof. Danielle Li and Prof. Lindsey Raymond’s finding that AI technologies increased customer support agent productivity by 15%, to predict AI’s role in the influx of business applications filed in June.  

MIT researchers have developed a low temperature process to extract battery-grade lithium from spodumene, the most common type of mineral containing lithium, using a reusable liquid reagent, writes Electronic Design’s Lee Goldberg. “The new process uses a liquid reagent to dissolve the rock into the useful forms of its constituent parts — not just battery-ready lithium salts, but also smelter-grade alumina and cement-ready silica,” writes Goldberg. “After the minerals are extracted, the solvent and reagent can be recovered and used again so that waste levels approach zero.”  

Alumnus Vikas Enti ‘20, founder of Reframe Systems, speaks to Boston 25 about his company’s work aimed at lowering the time and costs of home building with their new system that they used to robotically fabricate a residential building in Somerville. “We went from starting foundation work to handing keys over to our customer in about 180 days,” says Enti. “It would typically take about 18 months to build a structure like this in cities like Somerville—it's almost three times faster. Our units also cost 20% lower than traditional construction costs.” 

Fast Company’s Adele Peters spotlights “Project Obsidian,” a new geothermal power plant developed by MIT spinout Quaise Energy. The findings of former Senior Research Engineer Paul Woskov helped Quaise develop their tech. “Paul’s epiphany was realizing that if we can use the same energy to heat plasmas to millions of degrees Celsius to get fusion, why not use that for heating and drilling through rock at a much more modest temperature?” says Matthew Houde, Quaise co-founder.  

For the Boston Globe, reporter Aaron Pressman features MIT startup VulcanForms, a 3D printing manufacturer expected to create over 1,000 jobs with a new 1-million-square-foot-plant in Devens, MA. The facility will bring capacity for more customers in medical devices, aerospace and defense, and consumer goods industries. “MIT professor John Hart started the company with grad student Martin Feldmann [‘14] as a way to bring 3D printing techniques using lasers and powdered metals to larger-scale manufacturing jobs,” writes Pressman.

For Axios Boston, reporter Steph Solis highlights “Anita,” a solar-electric boat created by alumnus James Worden ‘89 that is due to launch this year. The boat was previewed at the 80th anniversary Charles River sail-a-thon. “The prototype, named ‘Anita’ after Worden's late wife, moves silently with no fumes or exhaust and uses LiFePO4 battery cells with a battery management system (it lets you charge the batteries while they're in use),” writes Solis. 

Writing for Bloomberg, Prof. Simon Johnson and Prof. Elisabeth Reynolds describe how the U.S. can maintain its technological leadership by investing in research focused on critical minerals, semiconductors, biotechnology, quantum computing, drones and advanced manufacturing.  “Invention is important, but technological leadership in the 21st century will go to the country that adopts these new ideas rapidly and applies them in clever ways,” Johnson and Reynolds write. “And that will require the U.S. to build vibrant innovation and industrial ecosystems that adopt and diffuse new technologies, including AI.”

Boston Globe reporter Hiawatha Bray features LymeAlert, a 15-minute home test kit created by alumna Erin Dawicki ‘24, that can detect Lyme disease from up to five ticks at a time. “For the people who find a tick, and it’s positive, we can give them one dose of antibiotic and have a pretty good chance of preventing the disease,” Dawicki explains.