MIT Engine Funnels Millions Into On-Campus Startups
Universities are home to innovation and new technologies, but some of the big ideas coming out of school labs may never become a reality. Turning them into viable businesses requires money, patience, and investor appetite. But thanks to dozens of university venture capital funds that have cropped up in the United States in recent years, smart […]
Harvard Innovation Lab awards $310,000 in prizes
The Harvard Innovation Lab, a university-wide initiative that fosters student entrepreneurship, awarded $310,000 in prize money Tuesday night to winners of the sixth annual President’s Innovation Challenge, an interdisciplinary competition for students to develop solutions to pressing problems within the health and life sciences industry. According to Jodi Goldstein, managing director of Harvard Innovation Labs, […]
Brandeis University Named National Science Foundation I-Corps Site to Fund Campus Discoveries
Brandeis University today announced it has been awarded a $237,050 five-year grant from the National Science Foundation (NSF) Innovation Corps (I-CorpsTM) program. The grant will provide funding for innovative startups and technologies developed by Brandeis students, faculty and staff. Brandeis is one of only six new sites nationally designated by NSF. The University of Massachusetts […]
UMASS announces $200,000 in Tech Development awards
New technologies aimed at extending battery life, preventing bedsores and rapidly diagnosing a mutated gene that causes ALS could get closer to market thanks to $200,000 in seed funding announced today by University of Massachusetts President Marty Meehan. Eight UMass faculty projects will receive $25,000 each via the Technology Development Fund, which helps bring cutting-edge […]
State of Massachusetts Awards $455,000 in Clean Energy Grants to Massachusetts Cleantech Innovators
The Baker-Polito Administration today awarded $455,000 in funding to seven early-stage researchers and companies developing innovative clean energy and water technologies across the Commonwealth. The funding, which comes from the Massachusetts Clean Energy Center’s (MassCEC) Catalyst program, will support clean energy and water research in Boston, Cambridge, Lowell, and Somerville. The announcement was made by […]
MISTI funds over 80 MIT faculty projects for $1.6M
From building architectural structures with 3-D printing and drone technology, to combatting drought around the world with a symbiotic ensemble of renewable energy systems, hydropower, and desalination, MISTI Global Seed Funds (GSF) awardees help to solve the world’s challenges through collaborations with their international peers. MISTI GSF projects have led to published papers, subsequent grants, […]
A $150 million fund, The Engine, will back startups others find ‘too hard’ | TechCrunch
A fund and accelerator for advanced technology startups, The Engine, closed its debut fund at a robust $150 million this week, according to its president, CEO and managing partner, Katie Rae. Last year, TechCrunch reported that MIT was investing $25 million into The Engine, becoming the anchor LP for the fund. While The Engine is […]
MIT venture fund raises $150 million for technology startups
Massachusetts Institute of Technology’s new investment fund raised more than $150 million to support startup companies developing scientific and technological innovations. MIT said Thursday that it contributed $25 million to the Engine Accelerator Fund I, which the Cambridge, Massachusetts-based university controls. The rest of the money was raised from a small group of unidentified investors […]
UMass Amherst creates venture fund to support innovation, job growth in Western Massachusetts
The University of Massachusetts Amherst hopes maroon will soon not only symbolize the campus colors but also innovation. University officials announced this week the formation of the Maroon Venture Partners Fund, a new effort to support entrepreneurship among alumni, faculty and students. “UMass Amherst, as the Commonwealth’s flagship, plays a crucial role in the state’s […]
MIT starts $25M venture fund
[fusion_text]The Massachusetts Institute of Technology has spawned a dazzling array of innovations in its 155-year history, from disposable razors to wind tunnels to radar. Now, the university wants to open up its checkbook to turn the next generation of big ideas into businesses. On Wednesday, the school said it was raising $150 million for a […]