The MIT Media Lab hosted the “Imagination in Action Web3 Summit,” which brought togethers entrepreneurs, investors, and thought leaders who believe we are on the verge of a tech revolution, reports Anissa Gardizy for The Boston Globe.
Research affiliate Jason Prapas founded Fyto, a company dedicated to developing hardware and software to automate and scale the production of aquatic plants, reports Christine Hall for TechCrunch. Prapas says that “Fyto’s technology taps into a farm’s waste streams as inputs to enable farmers to increase productivity and improve nutrient management while reducing production costs, water usage and greenhouse gas emissions, in some operations by over 50%.”
Francis Plaza ’13 co-founded PayMongo, a fintech firm designed to digitalize the Philippine’s cash-based economy, reports Catherine Wang for Forbes. “PayMongo now not only plans to expand beyond the Philippines to other Southeast Asian countries, but also to broaden its remit by becoming a platform for scaling small business in the region,” writes Wang.
Alumnus Andrew Lau co-founded Jellyfish, an engineering management software platform designed to assess contextual business data and engineering signals to promote transparency into how engineering organizations work and operate, reports Bruce Rogers for Forbes. “We know leading a large engineering team is hard, not because necessarily of the coding, it's actually the intersection of technology and the business” says Lau.
VulcanForms, an MIT startup, has developed a 3-D printer that can “generate 100 times the laser energy of most 3-D printers, and can produce parts many times faster,” reports Steve Lohr for The New York Times. “Additive manufacturing lets us rethink how we build things,” explains Martin Feldmann MEng ’14, co-founder, president and CEO of VulcanForms. “That’s where we are now, and that’s a big change.”
Infinite Cooling, an MIT startup, is developing a new system that can capture water from cooling tower plumes and could significantly reduce water consumption in evaporative cooling tower systems, reports Sonal Patel for Power Magazine. “The technology that is developed could lead to significant water savings and improve water quality with minimal energy cost,” explained members of Prof. Kripa Varanasi’s lab.
Siblings Gia Schneider ‘99 and Abe Schneider SM ‘03 co-founded Natel, a company dedicated to developing sustainable, climate-resilient hydropower, reports Amy Gunia for TIME. “The siblings hope that what they’re doing can help demonstrate a more sustainable approach to renewable energy – proving that companies shouldn’t have to choose between what’s good for the environment and what works economically,” writes Gunia.
Lecturer Bill Fischer writes for Forbes after speaking with Prof. Annika Steiber, director of Menlo College’s Silicon Valley RenDanheYi Research Center, about the organizational changes General Electric Appliances (GEA) has made in recent years. “GEA, today, represents what has turned-out to be a successful major organizational turnaround,” writes Fischer.
Prof. Simon Johnson has been working with Ukrainian President Volodymyr Zelenskiy’s economic advisors to build a plan for Ukraine, reports Daniel Flatley for Bloomberg. “The plan, as Johnson sees it, would leverage the interest that insurance companies and other firms have in facilitating the oil trade and use it to enforce the ban,” explains Flatley.
Katie Spies ’14, founder and CEO of Maev (a company that produces human-grade, raw dog food brand), speaks with Fortune editor Rachel King about what inspired her to start Maev, the company’s development process, and where Spies sees the company expanding in the future. “Among other exciting expansion initiatives, we’re really looking forward to expanding our product portfolio; our goal is to be a trust brand for dog essentials, especially product categories that are currently lacking in healthy, well-made options,” says Spies.
TechCrunch reporter Christine Hall spotlights Anwar Ghauche MS ’10, CEO of Constrafor - a construction procurement platform that streamlines information, payment, and documentation between general contractors and subcontractors. “Subcontractors get hired on the project, and when they finish their first month of work, submit an invoice and then wait an average of 45 to 60 days — even up to 80 days — to get paid,” says Ghauche. “Meanwhile, they are buying equipment and borrowing money to be able to do all of this work. You’re not borrowing at a cheap rate, either, because most banks barely touch them.”
Jake Guglin MBA ’19, Jasper Lienhard PhD ’22, Prof. Chris Schuh and University of California Irvine Prof. Tim Rupert have founded Foundation Alloy, a vertically integrated metal part production platform specializing in manufacturing high performing metal parts, reports Ariyana Griffin for Forbes. “By creating stronger metals, we can make lighter parts for planes, cars [which] will make those existing products greener and more efficient,” says Guglin.
India New England News speaks with MIT MBA alumna Dipali Trivedi about her work as a co-founder and mentor, as well as the importance of encouraging women to pursue leadership roles in the companies they have founded. “I enjoy bringing innovation to a complex domain with the help of next generation technology,” says Trivedi. “Seeing your idea materialized and used by thousands of people is an amazing experience, I enjoy solving challenges of launching new venture ground-up.”
InsideTracker - a personalized-nutrition company founded by scientists from MIT, Harvard, and Tufts University - utilizes blood tests to calculate biological age, reports Betsy Morris for The Wall Street Journal. The company analyzes blood samples for “markers of conditions like inflammation, heart health and liver or kidney disorder,” explains Morris. “Those who test as older than their years get recommendations to adjust diet, exercise and supplements.”
Former MIT research fellow Robert (Bob) Buderi speaks with Radio Boston host Tiziana Dearing about his new book, “Where The Futures Converge: Kendall Square and the Making of a Global Innovation Hub,” which explores the history of Kendall Square and its innovation ecosystem. “One of the big chapters is about an effort at MIT by former President Susan Hockfield and two professors Sangeeta Bhatia and Nancy Hopkins to increase the opportunity for women faculty… to get into the stream that creates companies,” explains Buderi.