In an article for Fortune, writer Larissa Zimberoff highlights Wise Systems, a startup launched out of a graduate entrepreneurship class. With machine learning, Wise creates algorithms for more efficient delivery routes, which “translates into fuel savings, lower wear and tear on trucks, and, for the driver, improved earnings based on higher productivity,” writes Zimberoff.
MIT spinout Lightmatter, which makes photonic chips that allow AI to perform calculations at the speed of light, has secured $11 million in funding, reports Devin Coldewey of TechCrunch.
When computing, the chip solves problems “by running a beam of light through a gauntlet of tiny, configurable lenses and sensors” instead of in a series of basic operations, explains Coldewey.
In an article for Science, Vijaysree Venkatraman highlights MIT’s Translational Fellows Program, which helps “postdocs go from being job seekers to job creators.” Founded by Yoel Fink, the program allows students to evaluate business ventures for real-world sustainability.
Writing for Forbes, Frederick Daso describes how MIT’s entrepreneurial ecosystem helped four students in the Sloan School of Management – Devin Basinger, Yishi Zuo, Derek Hans, and Nikhil Punwaney – launch their startup, DeepBench. MIT Sandbox, The Martin Trust Center for MIT Entrepreneurship, and The Legatum Center at MIT are among those programs that “provided critical resources they needed to work.”
Ripple Foods, co-founded by MIT alumnus Neil Renninger, produces pea-based milks with the same amount of protein as cow milk, Whitney Pipkin reports for NPR. Renninger notes the milk requires fewer natural resources to produce than cow's milk, as “anywhere from 20 to 40 percent of carbon emissions globally come from the food system — and a quarter of all food emissions come from the dairy industry.”
WCVB reporter Mike Wankum visits Embr Labs, an MIT spinoff that has developed a wristband that can make wearers feel warmer or colder. Wankum explains that after a few minutes of wearing the wristband, “you feel more comfortable. Much like holding a warm cup of coffee to take the chill off a winter morning.”
Reporting for the PBS NewsHour, Nsikan Akpan spotlights Prof. Kripa Varanasi’s work developing the non-stick coating technology LiquiGlide. Akpan also examines how Varanasi’s group is studying how to, “stop clogs at desalination water facilities by observing how saltwater evaporates, or they’re keeping water from condensing on steam turbines to improve energy efficiency at power plants.”
The Boston Globe Magazine highlights two MIT spinoffs in a list spotlighting 19 bold new ideas and fresh faces from 2017. Startup Ministry of Supply, which creates custom apparel using high-tech design, has made “getting a great-fitting blazer...a seamless experience,” while another startup, Biobot, has begun analyzing sewer waste to determine which communities are most affected by opioids.
Mike Wankum of WCVB visits MIT to learn more about spinoff Pipeguard Robotics, which has developed a robot that can help detect leaky pipes before they burst. The robot can spot tiny holes within two feet of a leak while current systems, “can only find major leaks within a few hundred feet of a cracked line,” says Wankum.
Wired reporter Lauren Smiley speaks with a number of MIT experts about the growing use of technology as a home health care aid for the elderly. “I would always prefer the human touch over a robot,” explains Joseph Coughlin, director of the AgeLab. “But if there’s no human available, I would take high tech in lieu of high touch.”
MIT spinout Ginkgo Bioworks has not only maintained its founding members, but also recently raised $275 million from investors, writes Matthew Herper for Forbes. Herper predicts that excitement surrounding synthetic biology companies will continue because “private money is getting excited about the idea of designing biology.”
CBS Boston spotlights how Portal Instruments, an MIT startup, is bringing a needle-free injector to the market, which could change the way people take medicine. The device, “fires a pressurized spray to penetrate the skin, instead of piercing the skin with traditional needles.”
Washington Post reporter Audrey Hoffer writes about Ori, the flexible robotic furniture system developed by MIT researchers. “We want to change the paradigm to living large in a small footprint. People think square footage and functionality are linearly related, but that’s the old paradigm,” says MIT alumnus and founder Hasier Larrea.
Zeninjor Enwemeka writes for WBUR about two MIT spinoffs, nuTonomy and Optimus Ride, that are conducting autonomous vehicle research in Massachusetts. A recent passenger trial by nuTonomy in Boston, “is perhaps a promising move for companies hoping to bring self-driving vehicles to the state,” writes Enwemeka.
Frederick Daso of Forbes highlights MIT alumnus Ryan Robinson, whose startup aims to share unused computational capacity with others who need to perform intensive calculations. This technology will one day “help companies afford cheap, distributed computational power via quantum computing, and allow individuals to make money by loaning out their spare processing power and mining for cryptocurrency,” writes Daso.