The Engine

  • MIT’s The Engine wants to fuel bold tech ideas in Boston

    MIT’s The Engine wants to fuel bold tech ideas in Boston

    Boston and its surrounding universities are jam-packed with big ideas, but the problem is that many of them never get out of the lab. MIT president Rafael Reif recognized this and decided the city needed an engine to push those ideas and The Engine — part venture capital firm, part business incubator — was born. When smart people are working on hard problems inside a lab, they… Read More

  • MIT’s The Engine raises $200M to fund ‘tough tech’

    MIT’s The Engine raises $200M to fund ‘tough tech’

    If you think that too many VCs these days are playing it safe and only looking to back sure bets rather than moonshots and more ambitious ventures, take a look over at what’s going on in Boston. The Engine, based out of MIT and Cambridge, has raised a $200 million fund to back and help incubate startups working on “tough tech” — new challenges in areas… Read More

  • Bio
    A $150 million fund, The Engine, will back startups others find ‘too hard’

    A $150 million fund, The Engine, will back startups others find ‘too hard’

    A fund and accelerator for advanced technology startups, The Engine, closed its debut fund at a robust $150 million this week, according to its president, CEO and managing partner, Katie Rae. Last year, TechCrunch reported that MIT was investing $25 million into The Engine, becoming the anchor LP for the fund. Read More