THE ENGINE ACCELERATOR

The Engine was MIT's response to a challenge MIT leaders had heard from many brilliant faculty members and alumni entrepreneurs: that finding the sustained support to develop complex Tough Tech ideas was nearly impossible. MIT President L. Rafael Reif articulated the problem in May 2015 in an op-ed in the Washington Post. While the current US innovation system is highly optimized to support the success of digital technologies that can typically reach market success in three to five years, it is "simply not structured to support complex, slower-growing concepts that could end up being hugely significant - the kind that might lead to disruptive solutions to existential challenges in sustainable energy, water and food security, and health."... The Engine Fund provides long-term capital to meet the unique needs of Tough Tech companies solving the world's most urgent challenges... We invest in the unimaginable. Our founders are working on scientific breakthroughs and converging..

Also known as: The Engine, The Engine Accelerator, Inc.

Primary location: Cambridge United States