August/September 2005 Newsletter

In This Issue

  • The Deshpande Center Measures Its Economic Impact So Far
  • The Boston Globe, PC Magazine, Technology Review, and Others Cover the Deshpande Center
  • Pre-proposals for Spring 2006 Grant Round Due October 12
  • Awards and Recognition for Deshpande Center Grant Recipients

The Deshpande Center Measures Its Economic Impact So Far
As the MIT Deshpande Center enters its fourth annual funding cycle, over one-third of the research teams it has supported are either in the process of forming new companies or have already raised financing and launched new ventures. Of the 44 teams that have won $4.9 million in Deshpande Ignition and Innovation Grants since 2002, nine teams have launched new companies, raising a total of more than $23 million in angel- and first-round venture funding commitments, and an additional eight teams are forming new companies and seeking financing.

"The Deshpande Center is delivering on the promise to bridge the innovation gap between the research lab and the marketplace," said Dr. Charles L. Cooney, Faculty Director of the Center and MIT Professor of Chemical and Biochemical Engineering. "It's not just the modest financial assistance the Deshpande Center provides. Even more important is the enormous leverage the Center's staff and network of supporters in the academic and business communities provide. Their hands-on assistance accelerates the transformation of research teams developing scientific breakthroughs into commercial ventures delivering useful real-world applications."

The Boston Globe, PC Magazine, Technology Review, and others cover the Deshpande Center
Several recent articles have featured the Deshpande Center or its grant recipients recently. We appear in "The Entrepreneurship Ecosystem," an article on entrepreneurship at MIT in the September 2005 issue of Technology Review.

The Boston Globe features on the cover of a recent Sunday edition one of our projects, "Novel ice cream production method," led by Professor John Brisson and graduate student Teresa Baker. It also mentions the Center in an article on the Innovation Implementation Center at the University of Massachusetts in Amherst.

PC Magazine covers Deshpande Center grant winner Francesco Stellacci's nanoprinting project

Research scientist Chiping Chen's ribbon-beam amplifier, which could pave the way for the next wireless revolution, appeared in PhysOrg and sparked industry attention. Finally, projects led by Professors Yang Shao-Horn, Bill Green, Don Sadoway, and Martin Culpepper are featured in the August 2005 Innovation Pipeline newsletter published by Red Herring.

Pre-proposals for Spring 2006 Grant Round Due October 12
The Deshpande Center is looking for innovations in MIT labs with potential to make big impact in the next few years. Ignition Grants of $50K target proof-of-concept projects focusing on novel, enabling, and potentially useful ideas in all areas of technology. Innovation Grants of up to $250K target projects that have established proof of concept and identified an R&D path and IP strategy. The three-page pre-proposals for the spring 2006 grant round must be submitted by October 12 at 5 p.m. by an MIT faculty member. The winners of the Fall 2005 grants will be announced in mid-October.

Awards and Recognition for Deshpande Center Grant Recipients
Mechanical Engineering Professor Martin Culpepper was honored (hyperlink to at a White House ceremony with President Bush in July as one of 58 researchers to receive 2004 Presidential Early Career Awards for Scientists and Engineers.

Electrical Engineering and Computer Science Professor Fredo Durand won a $200,000 New Faculty Fellowship from Microsoft. This is the first year Microsoft awarded the grants, which are intended for first-, second-, and third-year faculty members who are doing innovative computer research. Five winners were chosen this year from 110 nominees. Durand was also recently appointed to the Jamieson Career Development Professorship. Congrats to both!