MIT's Deshpande Center for Technological Innovation Awards $669,000 in Grants to Faculty Research Projects
Eight Winners Enter Innovation Pipeline That Has Produced
Three Commercial Technologies in Two Years
CAMBRIDGE, Mass., Oct. 25 /PRNewswire/ -- The Massachusetts Institute of Technology (MIT) Deshpande Center for Technological Innovation today announced it issued eight grants -- five new projects and three renewals -- totaling $669,000 from a pool of 34 applicants in its fall round of proposals. The grants, awarded to MIT faculty in the School of Engineering, will fund development of innovations ranging from a new method of early cancer detection to a breakthrough in the cost of manufacturing fuel cells. In only two years since it was launched with the mission to bridge the gap between laboratory research at MIT and the marketplace, the Deshpande Center has funded 38 projects, with two of the first four Innovation Grant recipients spun out as new, venture-capital-backed companies and another project licensed for commercial use. The Center helps researchers bring their ideas to fruition by supporting market-driven innovation, assisting with the intellectual property process, and enabling collaboration throughout the R&D phase. Additionally, a Deshpande Center Catalyst program facilitates market input from a network of entrepreneurs and venture capitalists recruited by the Center to help advance the innovations to commercialization. The early Deshpande grant winners that benefited from such transitional support and subsequently launched new commercial ventures are Brontes Technologies, a 3-D imaging company in Woburn, MA, and Pervasis Therapeutics, a medical device technology company in Cambridge, MA. Another Deshpande team's memory cell technology was licensed to a nanotechnology company. Several other start-ups are in the works; one of them, recently incorporated as Myomo, won the grand prize in the MIT $50K Entrepreneurship Competition in 2004. The grant winners are: -- Lionel Kimerling and Anuradha Murthy Agarwal: Low-cost multispectral infrared detector arrays -- John Brisson: Novel ice-cream production method -- Chiping Chen: Making 3G and 4G a reality with low-cost amplifiers for wireless base stations -- Clark Colton: Finding early-stage cancers using novel contrast agents for enhanced MRI -- Martin Culpepper: HexFlex: Enabling nanofabrication with a six-axis nanomanipulator -- Klavs Jensen: Accelerating innovation in the chemistry lab with integrated automated microchemical systems -- Yang Shao-Horn: Engineered electrode assemblies for PEM fuel cells -- Michael Stonebraker: Hybrid DBMS optimized for read-intensive applications For additional information on these grants or the Deshpande Center in general, please visit http://web.mit.edu/deshpandecenter About the MIT Deshpande Center for Technological Innovation The Deshpande Center is part of the MIT School of Engineering and was established in 2002 through an initial $20M gift from Jaishree Deshpande and Desh Deshpande, the co-founder and chairman of Sycamore Networks. The Deshpande Center supports a wide range of emerging technologies and serves as a catalyst for innovation and entrepreneurship by supporting leading-edge research and bridging the gap between the laboratory and the marketplace. Krisztina Holly Deshpande Center for Technological Innovation 617-253-0943 firstname.lastname@example.org http://web.mit.edu/deshpandecenter
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