Funding

The Center for UltraCold Atoms, located at MIT, is one of four university physics programs that will share $76 million in funding from the National Science Foundation as part of the organization’s Physics Frontiers Centers program, which aims to “foster major breakthroughs at the intellectual frontiers of physics,” writes Michael T. Nietzel for Forbes. “[T]he Center for UltraCold Atoms is a joint effort with Harvard University that will explore how to achieve greater control and programmability of complex quantum systems,” he explains.

Prof. Daniela Rus, director of CSAIL, emphasizes the central role universities play in fostering innovation and the importance of ensuring universities have the computing resources necessary to help tackle major global challenges. Rus writes, “academia needs a large-scale research cloud that allows researchers to efficiently share resources” to address hot-button issues like generative AI. “It would provide an integrated platform for large-scale data management, encourage collaborative studies across research organizations, and offer access to cutting-edge technologies, while ensuring cost efficiency,” Rus explains.

A new report co-authored by MIT researchers finds that the “US lead in advanced computing has declined significantly over the past five years—especially when measured against China,” writes Will Knight for Wired. The report’s authors emphasize that the US “needs to make sure that the CHIPS Act spending reflects the importance of developing novel ideas in advanced computing, as opposed to just propping up existing technologies,” Knight notes.

Boston Globe columnist Shirley Leung spotlights Elise Strobach PhD ’20 - co-founder and CEO of AeroShield Materials, a company developing super-insulating windows. Strobach is a recipient of funding from the MassVentures fund for deep-tech startups with a focus on underserved founders or those based in underserved regions. “We want to do cool things that have big impact,” said Strobach. “The minute I first visited Massachusetts, I just really felt that, ‘Wow, this is a place where that can happen.' "

The Economist highlights a paper by researchers from MIT and Stanford that finds new ideas are becoming harder to find in areas ranging from crop yields to microchip density. The Economist also spotlights how Prof. Danielle Li and Prof. Pierre Azoulay examined the Defense Advanced Research Project Agency (DARPA) model of funding and found that it “does best when its program directors have a clear understanding of the sort of breakthroughs that are needed.”

Boston Globe reporter Scott Kirsner spotlights the work of Katie Rae, CEO of The Engine, on his roundup of some of the key figures in Boston’s tech network. The Engine is “for startups focused on ‘tough tech,’ technology that can often take years to perfect and build a business around,” writes Kirsner.

Writing for The Hill, President L. Rafael Reif and Stephen A. Schwarzman, chairman, CEO & co-founder of Blackstone, praise the new “CHIPS and Science Act” and highlight the need for further action on the ‘Science’ part of the law. “We urge Congress to capitalize on this bipartisan momentum and appropriate the funds that the bill authorizes,” they write. The nation's "future competitiveness, prosperity and security all rely on technological leadership. To sustain its strength in the long term, the U.S. needs to invent and manufacture the next new technologies.”

Science reporter Jocelyn Kaiser spotlights Prof. Kristala Prather’s work as a scout for a new funding program that will provide her the opportunity to identify “colleagues with an intriguing research idea so embryonic it has no chance of surviving traditional peer review—and, on her own, decide to provide some funding.” Says Prather: “I’m looking forward to giving it a try. I’m a people person, and I like learning new things.”

New York Times reporter Steve Lohr spotlights how the William & Flora Hewlett Foundation and the Omidyar Network have made a gift to help establish a new program that will analyze forces contributing to the erosion of job quality and labor market opportunity for workers without college degrees. “Markets are terrific, but we have to overcome this notion that ‘markets are autonomous — so just leave it to the market,’” says Prof. David Autor. “That fatalism is a decision.”

On Point host Meghna Chakrabarti speaks with Prof. David Autor about his research investigating the success and failures of the Paycheck Protection Program (PPP). “If there's one thing I would change, is that I would rebuild our unemployment insurance program, so use modern data systems integrated nationally,” says Autor of how he would alter the PPP. 

Bloomberg reporter Janet Wu speaks with Katie Rae, CEO of The Engine. Rae explains that The Engine backs “those types of founders that are on a mission to do something that will be truly impactful in a positive way to the planet."

A new study by Prof. David Autor examining the effectiveness of the Paycheck Protection Program found that the program ended up subsidizing business owners and shareholders more than workers, reports Stacy Cowley for The New York Times.  “Jobs and businesses are two separate things,” says Autor. “We tried to figure out, ‘Where did the money go?’ — and it turns out it didn’t primarily go to workers who would have lost jobs. It went to business owners and their shareholders and their creditors.”

The Economist spotlights a study by MIT researchers that found that less than a third of Paycheck Protection Program (PPP) funding went to workers who would otherwise have been laid off. “Almost $366bn – 72% of funding in 2020 – went to households making more than 144,000 per year,” writes The Economist.

Boston Globe reporter Pranshu Verma highlights how The Engine has expanded into an 42,000 square-foot space in the Somernova Innovation Hub, located near Union Square in Somerville. “We knew it would be a great fit for The Engine’s expansion,” said Katie Rae, CEO and managing partner for The Engine. “It offers us the ability to solve the infrastructure challenge for our network and also brings us even closer to Greentown Labs so we can continue our close partnership on our shared mission of climate tech support.”

Biobot Analytics, a startup founded by Mariana Matus ‘18 and Newsha Ghaeli ‘17, has raised $20 million in funding for its work with wastewater epidemiology, reports Carey Goldberg and Janet Wu for Bloomberg News. “This past year, wastewater epidemiology changed from being an obscure niche area of science to becoming a central pillar of the response to the Covid-19 pandemic,” says Matus. “And now, in the later stages of the pandemic, it’s becoming a central pillar of preparing for the next pandemic.”