Asma Khalid of WBUR reports that The Engine has raised $200 million and funded its first seven “tough tech” companies. "We have to believe it's a breakthrough [idea] that can have big impact in the world," says Katie Rae, president and CEO of The Engine, of the selected companies.
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.
In an article for The Epoch Times, Emel Akpan highlights how The Engine is focused on supporting startups in fields that require time and patient capital. “We have a focus on tough tech,” explains Katie Rae, CEO and president of The Engine. “We think that’s where the resources are limited. But the opportunities can have a lot of impact.”
In an article for The Boston Globe’s 2017 “Game Changers” section - which highlights ideas, inventions, people and places making waves in Boston - Robert Weisman spotlights The Engine. “We hope to create world-changing companies that will grow in the Boston region,” explains Katie Rae, The Engine’s President and CEO.
WBUR reporter Asma Khalid reports on how The Engine could help the Boston-area innovation ecosystem. Katie Rae, president and CEO of The Engine, explains that The Engine will support startups focused on tough technologies, which “take longer than most venture capital firms want to take bets on."
Katie Rae, president and CEO of The Engine, speaks with Meghna Chakrabarti of Radio Boston about her new role and why The Engine is aimed at addressing the gap between science and commercialization. Rae explains that The Engine will be focused on “investing very early into the translational stage for science-oriented startups.”
Katie Rae, CEO and president of The Engine, speaks with Boston Globe reporter Scott Kirsner about the new venture, which is aimed at supporting startups focused on “tough tech.” Rae says The Engine is “a very hopeful project in my mind — investing in important ideas over the long-term.”
Writing for the Financial Times, John Thornhill highlights President L. Rafael Reif’s comments on empowering innovators and The Engine, MIT’s venture aimed at supporting startups focused on “tough” tech. Thornhill writes that “MIT should be applauded for its ambition. Innovation needs to become more innovative.”