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.
Writing for The Boston Globe, Tim Logan writes that MIT filed a mixed-use zoning petition for the 14-acre Volpe site in Kendall Square. Logan notes that the Volpe redevelopment is part of a broader push by MIT to make Kendall Square, “feel more like a fully-fledged neighborhood.”
Prof. Phillip Sharp speaks with WBUR’s Asma Khalid about how the Greater Boston area became a hub for the biotech industry. "I think one of the transformative parts of what the next 20 years will hold is engineering with medicine and biotech," Sharp explains, adding that he thinks the Greater Boston area is “ahead of that story."
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.”
Xconomy reporter Ben Fidler writes about the life and legacy of Henri Termeer, a life member of the MIT Corporation who died at age 71. Institute Prof. Phillip Sharp explains that Termeer was, “a transformational leader in biotechnology of orphan diseases. Many children now have hope of a healthy life because of his vision and 40 years of creative business leadership.”
Henri Termeer, a life member of the MIT Corporation who was known as one of the founding fathers of the biotech industry, died at age 71, write Robert Weisman and Bryan Marquard for The Boston Globe. Termeer was, “a key leader in the biotech revolution that placed Massachusetts at the nexus of cutting-edge research and development.”
Sacha Pfeiffer highlights how MIT began providing employees free MBTA passes for local bus and subway services as part of The Boston Globe’s 2017 “Game Changers” section. Pfeiffer notes that MIT, “true to its high-tech reputation, took a pair of innovative steps last year to dissuade its employees from driving to work.”
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.”
Boston Globe reporter Tim Logan writes that MIT has unveiled preliminary plans for the Volpe Center site. Logan writes that the plans currently include “1,400 housing units — one-fifth set at affordable rents — 1.7 million square feet of office and lab space, street-level retail and three acres of greenspace on the campus.”
Appearing on WCVB-TV’s Chronicle, Provost Marty Schmidt explains why Kendall Square is a hub for innovation, highlighting how the region brings together organizations working on everything from computer science and biotech to brain and cognitive sciences. Schmidt explains that Kendall Square’s innovation ecosystem means research “coming out of MIT (can) be immediately translated to impact.”
Boston Globe reporter Tim Logan writes that MIT has signed an agreement to redevelop the Volpe Center site. “What we have in mind is a big vision,” says Israel Ruiz, MIT’s executive vice president and treasurer. “We want to do more in Kendall Square. This enables us to do it at a level of scale.”
Writing for The Boston Globe, Sacha Pfeiffer highlights how MIT has partnered with Google, the City of Cambridge, Boston Properties, Alexandria Real Estate Equities and several other organizations to provide free high-speed Wi-Fi in Kendall Square and at the Newtowne Court and Washington Elms public housing developments.