Channel 7’s Ryan Schulteis speaks with sophomore Vick Liu about TravelerPack, a lightweight sleeping bag Liu designed to help Syrian refugees withstand freezing winter temperatures. Liu drew on his experience as an Eagle Scout to help create the sleeping bag. “My whole goal in life is really just to impact people in a positive way,” said Liu.
Sophomore Vick Liu speaks with NECN’s Caroline Connolly about what inspired him to develop a new sleeping bag to help Syrian refugees survive harsh winters in the Middle East. "At the end of the day, we didn't start this to make money. We didn't start this to get a ton of prestige," he said. "We just wanted to help people."
Writing for The Boston Globe, MIT graduate student Matthew Claudel argues that innovation efforts should be focused on being more socially inclusive. “Municipalities that foster accessible innovation for livelihoods will reap the benefits of greater livability. It is those places, rather than techno-hubs that prize quick, marketable lifestyle amenities, that will emerge as the smartest cities of the future.”
WGBH’s Adam Reilly visits MIT spinout Embr Labs, where researchers have developed a wristband that helps the wearer feel warmer or cooler, and could also help reduce energy consumption. "Even if we could help people use their AC unit and their heating just a fraction of a degree less, the benefits for the world could be tremendous,” explains co-founder and MIT graduate David Cohen-Tanugi.
The Engine has raised $200 million and financed its first seven companies “in fields such as aerospace, advanced materials, genetic engineering and renewable energy,” reports Michael McDonald of Bloomberg.
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.
Rana el Kaliouby, co-founder of MIT spinoff Affectiva, speaks to Asma Khalid from WBUR’s Bostonomix about her company’s work making tech devices that are more emotionally intelligent. “We envision a world where our devices and our technologies are emotional-wear,” says el Kaliouby. “They can sense and respond to your emotions in real time in a way that makes the interaction more positive.”
Boston Magazine reporter Jamie Ducharme writes about BioBot Analytics, an MIT startup focused on bringing cities public health information by drawing on the data found in sewage systems. Ducharme writes that by “analyzing samples from the sewer…Biobot is adapting individualized methods of studying the human microbiome” on an urban scale.
WBUR’s Zeninjor Enwemeka reports that MIT has been named one of the top schools in the country for entrepreneurs. Enwemeka notes that, “for undergraduate schools that produce venture-backed entrepreneurs, MIT ranks third with 907 entrepreneurs and $16.1 billion raised.”
Wall Street Journal reporter Alexander Davis writes that MIT researchers have found venture capitalists would have better exit success rates if they relied more on mathematical models to build their portfolios. The study examined the, “exit probabilities among thousands of startups since 2000 seems to bolster the argument for letting quantitative analytics drive more of the venture industry.”
FOX 25 reporter Bob Dumas features a dance-party lamp developed by MIT researchers aimed at getting girls interested in STEM fields. “There’s research that shows girls, around middle school age, their participation in STEM classes and curriculum starts to drop off," explains Prof. Maria Yang. She adds that she wants to, "get girls back on the STEM train by engaging their interests.”
In an article for Forbes, Peter Cohen examines why the Cambridge area has become such a hub for startups. Cohen highlights how universities like MIT contribute to a region’s economic activity and to its supply of innovation and talent. He notes that, “by 2014 MIT alumni had created 30,200 companies with $1.9 trillion in revenue.”
In an article for Forbes, Champaign Williams highlights a new app developed by two MIT graduates that, “connects millennials and college students in search of temporary housing with baby boomers who have excess space and could use the extra cash.”