Having raised more than $150m, the new incubator will now focus on selecting startups.
Massachusetts Institute of Technology (MIT) has raised more than $150m for its startup incubator the Engine, the university announced on Thursday.
The university has put $25m of its own money into the fund, with the rest raised by an undisclosed “small group of investors aligned with the fund’s mission”.
Launched in October 2016, the Engine’s stated mission is to drive commercialisation efforts of research-intensive innovations that have to date been unable to secure the necessary support and…
