THE ENGINE

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The Engine, which was publicly announced on October 26, 2016, was built by the Massachusetts Institute of Technology (MIT). Prioritizing breakthrough ideas over early profit, The Engine represents an exciting new system for startup support, one that shortens the time from idea to investment, and from investment to impact. To fuel The Engine, MIT is seeking to attract hundreds of millions of dollars of support and to provide hundreds of thousands of square feet of space for entrepreneurs in... Kendall Square and nearby communities, starting with 26,000 square feet in its Central Square headquarters. The Engine provides a physical space where an idea can begin to take shape. It also streamlines the legal processes and agreements required to get products to market. And it links entrepreneurs to โ€œpatient capitalโ€ from investors who share their vision of addressing big challenges with big ideas. The Engine will eventually support up to 60 locally based startups concurrently; these companies will participate in the accelerator for up to 12 months. The Engine will make meaningful investments that will allow participating startups to get off the ground quickly and operate long enough to prove their conceptsโ€™ viability. It will also provide business planning, legal, and administrative support. The Engine will require less equity than is typical, allowing founders to maintain more control over their companies and the ideas theyโ€™ve created. Through the Engine Room, The Engine will provide access to a wide network of lab space, specialized equipment, business guidance, and other resources, at MIT and beyond.

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THE ENGINE

Social Links:

Industry:
Angel Investment Incubators Social Impact Venture Capital

Founded:
2016-10-26

Status:
Active

Email Addresses:
[email protected]

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Current Employees Featured

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Katie Rae
Katie Rae CEO & Managing Partner @ The Engine
CEO & Managing Partner
2017-03-01

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Reed Sturtevant
Reed Sturtevant General Partner @ The Engine
General Partner
2017-04-01

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Bettina Metais
Bettina Metais VP Investor Relations and Operations @ The Engine
VP Investor Relations and Operations
2018-07-01

francisca-barros-ariztia_image

Francisca Barros Ariztia
Francisca Barros Ariztia Design Director @ The Engine
Design Director
2017-06-01

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Nathaniel Brewster
Nathaniel Brewster Director of Content @ The Engine
Director of Content
2018-05-01

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Chloe Holzinger
Chloe Holzinger Associate @ The Engine
Associate
2021-01-01

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Lakshana Huddar
Lakshana Huddar Associate @ The Engine
Associate
2021-01-01

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Ian Johnston
Ian Johnston Senior Investment Associate @ The Engine
Senior Investment Associate
2022-06-01

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Dulcie Madden
Dulcie Madden Partner and Head of Partnerships @ The Engine
Partner and Head of Partnerships
2021-12-01

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Michael Kearney
Michael Kearney Principal & Partner @ The Engine
Principal & Partner
2021-01-01

Investments List

Date Company Article Money raised
2022-08-16 Sync Computing The Engine investment in Series A - Sync Computing 12 M USD
2022-07-21 Atlantic Quantum The Engine investment in Seed Round - Atlantic Quantum 9 M USD
2022-05-31 Foundation Alloy The Engine investment in Seed Round - Foundation Alloy 10.5 M USD
2022-05-23 Hyfรฉ Foods The Engine investment in Pre Seed Round - Hyfรฉ Foods 2 M USD
2022-05-05 Seaspire Skincare The Engine investment in Seed Round - Seaspire Skincare 3 M USD
2022-03-11 Mori The Engine investment in Series B - Mori 50 M USD
2022-02-08 Quaise The Engine investment in Series A - Quaise 40 M USD
2022-02-04 Celestial AI The Engine investment in Series A - Celestial AI 56 M USD
2022-02-02 Resonant Link The Engine investment in Seed Round - Resonant Link 9.3 M USD
2022-01-25 Cellino The Engine investment in Series A - Cellino 80 M USD

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