An engine for game-changing innovation

MIT News  December 13, 2019
In 2016, MIT launched The Engine  as a new way to fund and support Boston-area entrepreneurs who are using transformative technologies to address the world’s most pressing problems. A core tenet of The Engine’s mission is to turn technical pioneers into leaders. Its emphasis on community and networking is also reflected in the Tough Tech Summit it hosts each year. The Engine provides “patient” funding, mentoring, work and lab space, specialized equipment, and an extensive network to entrepreneurs working on transformative technologies. In the three years since its inception, The Engine has invested in 20 startups to date — companies working on quantum computing, long-term energy storage, cancer therapies, nuclear fusion, and more. Those companies have raised more than $300 million in total venture capital to date and collectively employ more than 280 people…read more.