Innovation and Entrepreneurship (I&E)

Seonghoon Woo PhD '15, Jongwon Choi PhD '17, Young Suk Jo SM '13, PhD '16, and Hyunho Kim SM '14, PhD '18 have co-founded Amogy – a startup company that is using ammonia produced by renewable energy as a carbon-free way to fuel a tugboat, report Jennifer McDermott and Michael Hill for The Associated Press. “Without solving the problem, it’s not going to be possible to make the planet sustainable,” says Woo. “I don’t think this is the problem of the next generation. This is a really big problem for our generation.”

Forbes reporter Amy Feldman spotlights the work of Prof. Yet-Ming Chiang, who has used his materials science research to “build an array of companies in areas like batteries, green cement and critical minerals that could really help mitigate the climate crisis.” Feldman notes that “as the climate crisis has become increasingly urgent, Yet-Ming Chiang’s ability to spin out companies from his research offers hope.” 

The Boston Globe’s Angelina Parrillo interviews Jasmina Aganovic ’09 about her beauty company Arcaea, which reconstructs data from extinct flowers to produce fragrances. “I viewed fragrance as this remarkable emotional storytelling category and people don’t view science as being associated with creativity, emotion, or storytelling,” Aganovic says. “I think that that’s very far from the truth.”

Prof. Asegun Henry has been named a 2024 Grist honoree for his work developing a “sun in a box,” a new cost-effective system for storing renewable energy, reports Grist. Based on his research, Prof. Henry has founded Fourth Power, a startup working to build a prototype system that will hopefully “allow us to decarbonize electricity,” says Henry. 

Writing for The Boston Globe, Prof. Thomas Kochan explores how workers, unions, CEOs and politicians can all draw lessons from the Market Basket protests in 2014. "The key lesson for workers and unions is to draw on customers and citizens as allies and sources of power," writes Kochan. "If workers’ demands make sense, customers and community members will support them."

TechCrunch reporter Kyle Wiggers spotlights Codeium, a generative AI coding company founded by MIT alums Varun Mohan SM '17 and Douglas Chen '17. Codeium’s platform is run by generative AI models trained on public code, providing suggestions in the context of an app’s entire codebase. “Many of the AI-driven solutions provide generic code snippets that require significant manual work to integrate and secure within existing codebases,” Mohan  explains. “That’s where our AI coding assistance comes in.” 

MIT alumni Mike Ng and Nikhil Buduma founded Ambiance, which has developed an “AI-powered platform geared towards improving documentation processes in medicine,” reports Fortune’s Allie Garfinkle. “In a world filled with AI solutions in search of a problem, Ambience is focusing on a pain point that just about any doctor will attest to (after all, who likes filling out paperwork?),” writes Garfinkle. 

Anurag Bajpayee MS '08, PhD '12 and Prakash Govindan PhD '12 founded Gradiant, an MIT startup “trying to reduce both costs and energy while eliminating chemicals” in water, reports Diana Olick for CNBC. “We take highly contaminated wastewater which contains solvents, which contains dissolved salt, which contains organics, and we eliminate the entire liquid waste,” says Govindan.

After meeting at MIT, alumni Honghao Deng and Jiani Zeng founded Butr, which makes anonymous people-detecting sensors to measure movement inside buildings, reports Zoya Hasan for Forbes. The sensors could help address staffing challenges in senior living communities, and alert staff of falls or other medical issues. 

Edwin Olson '00, MEng '01, PhD '08 founded May Mobility, an autonomous vehicle company that uses human autonomous vehicle operators on its rides, reports Gus Alexiou for Forbes. “May Mobility is focused above all else on gradually building up the confidence of its riders and community stakeholders in the technology over the long-term,” explains Alexiou. “This may be especially true for certain more vulnerable sections of society such as the disability community where the need for more personalized and affordable forms of transportation is arguably greatest but so too is the requirement for robust safety and accessibility protocols.”

Found Energy, co-founded by Peter Godart '15, SM '19, PHD '21, has developed a method for transforming aluminum scrap metal into energy, reports Hiawatha Bray for The Boston Globe. “The Found Energy system could replace fossil fuel with aluminum-generated hydrogen, a gas that burns at up to 4,000 degrees Fahrenheit, but produces no waste carbon,” writes Bray. 

Plonts, a plant-based cheese company co-founded by Nathaniel Chu PhD '19, uses microbes to develop “nutritious, inexpensive and sustainable” cheese alternatives, reports Christine Hall for TechCrunch. Chu says “microbes, whether mold, bacteria or yeast, are important to create that flavor. The microbes themselves are tiny sacs of hundreds of different enzymes with many different combinations,” writes Hall. 

Let’s Get Set, a company founded by Clare Herceg MBA '20 aims to tackle “financial challenges low-and moderate-wage households face,” reports Geri Stengel for Forbes. “Based on extensive user research, the company's innovative savings account allows borrowers to access emergency funds without falling into a debt trap,” writes Stengel. “This approach addresses a critical need highlighted by national data on financial shocks and inadequate savings.”

Amrita Saigal '10 is the founder and CEO of Kudos, a company that has developed a “sustainable diaper that uses some plastic but is 100% lined with cotton and incorporates other degradable materials like sugarcane and trees,” reports Gabrielle Fonrouge for CNBC. “I care so much about being premium, but accessible,” says Saigal. “That is exactly what I want to do, so that we are accessible to as many people, and cleaner materials are not out of reach.”

Prof. Kripa Varanasi and Vishnu Jayaprakash SM '19, PhD '22  founded AgZen, a company aimed at reducing pesticide use by employing a feedback-optimized spraying system, reports Steven Savage for Forbes. Savage notes that for the researchers behind AgZen, “MIT turned out to be a good place to work on the specific imaging technology and on the AI needed to translate that into a practical solution for farmers.”