Innovation and Entrepreneurship (I&E)

New Yorker reporter Brent Crane spotlights Quaise Energy, an MIT geothermal energy startup founded by Carlos Araque BS '01, MS '02. Crane explains that central to Quaise’s system is the gyrotron, a tubular device that “works like a very, very powerful microwave, emitting ‘millimeter waves’ that would vaporize your vegetables; they can generate temperatures of a hundred million degrees Celsius.” Crane notes that: “About a decade ago, Paul Woskov, an MIT research engineer, showed that the technology could be used for ‘energy drilling’ without a physical bit. Quaise’s scientists propose that the heat of a gyrotron could stabilize tunnel walls by vitrifying them into glass.” 

Bloomberg reporter Robb Mandelbaum spotlights how the Martin Trust Center for MIT Entrepreneurship has developed a new AI JetPack to help students accelerate the entrepreneurial process. “Our mission at the Trust Center is to advance the field of innovation-driven entrepreneurship everywhere,” Paul Cheek, executive director of the Martin Trust Center. “We can’t do it with intuition or by throwing stuff against the wall. We have to practice entrepreneurship in a rigorous, systematic way that increases the odds of success.”

Principal Research Scientist Andrew McAfee co-founded Workhelix, a “tech-enabled service startup that works with enterprises to better understand and monitor AI automation at their companies,” reports Rebecca Szkutak for Tech Crunch. “Workhelix breaks down a company’s employee positions into specific job functions and tasks and scores each task for its suitability for AI adoption,” explains Szkutak. “This helps companies build roadmaps for how and where to adopt AI and gives enterprises a way to monitor if the AI they adopted is working.” 

Boston Globe reporter Scott Kirsner spotlights Lybra Bio, an MIT startup that is developing a “patch to treat skin conditions like psoriasis and alopecia areata, which causes hair loss.” Kirsner notes that Lybra “envisions a patch that could deliver drugs to precisely where they’re needed on the skin — like the scalp, in the case of alopecia.”

Varun Mohan '17, SM '17 and Douglas Chen '17 co-founded Codeium, an AI-powered coding startup designed to help users write code in a faster and more efficient manner, reports Marina Temkin for TechCrunch. “Codeium tries to distinguish itself from competitors by targeting companies rather than individual developers,” writes Temkin. 

Steve Mann PhD '97 has been awarded the IEEE Masaru Ibuka Consumer Electronics Award for his contributions toward the development of virtual reality, augmented reality, wearable technology, eXtended Reality products and services, reports Thomas Coughlin for Forbes. “Widely regarded as ‘the father of wearable computing,’” Mann “invented, designed, and built the world’s first smartwatch capable of downloading and running a wide variety of apps for health, well-being, and fitness tracking, ushering in a new era of personal health,” explains Coughlin. 

Nature reporter Elizabeth Gibney spotlights QuEra, an MIT spinout that uses atoms and lasers to encode quantum bits or “qubits.” Gibney notes that in the QuEra system, “physicists trap an array of rubidium atoms using laser light and store quantum information in the energy levels of their electrons.”

Evan Ehrenberg PhD '16 co-founded Waterlily, a company that “uses artificial intelligence to predict a family’s future long-term care needs and costs” with the right care and financial planning, reports Mary Ann Azevedo for TechCrunch. “Ehrenberg — who had previously founded and sold Clara Health — helped with early research and was struck by the industry’s response,” writes Azevedo. “Curious, he tested the platform and was shocked by his long-term care predictions — so much so that he changed his diet, hired a personal trainer, and updated his financial plans.” 

Georgina Campbell Flatter SM '11 has been named the chief executive of Greentown Labs, the “nation’s largest clean-tech incubator,” reports Jon Chesto for The Boston Globe. “This is a pretty critical time for energy and climate, and we all need to lean in,” says Flatter. 

Forbes reporter Nina Bambysheva spotlights Michael Saylor '87 and his professional career after co-founding MicroStrategy and his company’s approach to investing in Bitcoin. “We adopted bitcoin out of frustration and desperation, and then it became an opportunity, and then it became a strategy, and then it became an identity, and then it became a mission,” says Saylor. 

Former postdoctoral associate Wen Shuhao and postdoctoral fellows Ma Jian and Lai Lipeng co-founded Xtalpi, a biotech startup that “uses AI and quantum physics-based calculations to find suitable structures that are fit for drug making,” reports Zinnia Lee for Forbes. The company plans to expand their technology to other industries such as solar panels and electric vehicle batteries. 

Prof. Desirée Plata speaks with C&EN reporter Prachi Patel about her work “trying to make our chemical processes and industries compatible with human and ecological health.” Says Plata of what she is most proud of in her work: “As professors, we produce papers and patents, but people are the most important thing we produce. The faculty of the world are training the next generation of researchers. There’s a perception right now that AI is going to solve all of our problems, but it cannot without good physical science information. We need a trained workforce. We need patient chemists who want to solve important problems.”

Shiv Bhakta MBA '24, SM '24 and Richard Swartwout SM '18, PhD '21 co-founded Active Surfaces, a solar tech company that has developed “a new kind of solar collector so thin and flexible it can be attached to anything under the sun,” reports Hiawatha Bray for The Boston Globe. “The company prints solar cells onto a plastic sheet, using methods not too different from those used to print newspapers,” explains Bray. “The resulting cells can generate electric power nearly as efficiently as today’s heavy, thick silicon panels.” 

Drew Houston '06, founder and CEO of Dropbox, speaks with NBC Boston reporter Ashton Jackson about his work creating and developing the cloud storage platform. "I started Dropbox more out of just personal frustration," says Houston. "It really felt like something only I was super interested in as far as file syncing, and focusing on one customer, which was myself." 

Ministry of Supply, a clothing brand founded by MIT alumni, has developed a machine-washable, heated jacket, reports Rebecca Barker for Fast Company. “The issue with a lot of heated garments is that they want you to know that they’re heated garments,” says co-founder Gihan Amarasiriwardena '11. “The controller is on the outside, for example, they’re often times made out of kind of cheap shell material, so it doesn’t look as high quality. We think of the heating system as a secondary element, because we think the design of the garment can stand on its own.”