Reporting for NECN, Sarah Betancourt highlights how MIT has received a $140 million donation in unrestricted funds from an anonymous alumnus. Betancourt notes that this type of “flexible funding provides resources such as laboratories, staff support, and equipment to foster the work of MIT's faculty and students. Unrestricted financial support also goes to financial aid for students.”
An anonymous alumnus has donated $140 million in unrestricted funds to MIT, according to the Associated Press. As an unrestricted donation, the gift, “be used in any way to support MIT's research and education mission.”
MIT has received an unrestricted $140 million gift from an anonymous alumnus, reports Melissa Korn for The Wall Street Journal. “An unrestricted gift of that size is rare in higher education, as donors often want a say in how their dollars are spent. Unrestricted donations can be used for things like facilities upkeep, as well as to pursue early-state scientific research.”
In an article for The Boston Globe’s 2017 “Game Changers” section - which highlights ideas, inventions, people and places making waves in Boston - Robert Weisman spotlights The Engine. “We hope to create world-changing companies that will grow in the Boston region,” explains Katie Rae, The Engine’s President and CEO.
Politico Pro reporter Alex Guillén writes that David Goldston, director of government affairs for the National Resources Defense Council, has been selected to lead MIT’s Washington Office.
President L. Rafael Reif speaks with Washington Post reporter Joel Achenbach about the potential impact of proposed budget cuts to federally-funded scientific research. Achenbach writes that Reif notes, “America’s leadership in science is at stake.”
President Reif spoke with Abraham González of El Financiero about the rapid advance of technology. “Machine learning will not replace us, on the contrary, it will help us. Just as computers help us get the job done today and just as cars help us get from one place to another,” explains Reif.
WBUR reporter Asma Khalid reports on how The Engine could help the Boston-area innovation ecosystem. Katie Rae, president and CEO of The Engine, explains that The Engine will support startups focused on tough technologies, which “take longer than most venture capital firms want to take bets on."
President L. Rafael Reif writes for Foreign Affairs that funding for fundamental research is key to cultivating growth. “The breakthroughs today were built on the hard work and generous funding of past generations. If today’s Americans want to leave similar legacies, they need to refill the research pipelines and invest more in the nation’s scientific infrastructure.”
President L. Rafael Reif speaks with Ellie Bothwell of Times Higher Education about MIT’s efforts to study how people learn and the future of education. Reif notes that at MIT, education is interdisciplinary and focused on bringing “knowledge from different areas…Problems are problems. You have to solve them with whatever knowledge you can get.”
Katie Rae, president and CEO of The Engine, speaks with Meghna Chakrabarti of Radio Boston about her new role and why The Engine is aimed at addressing the gap between science and commercialization. Rae explains that The Engine will be focused on “investing very early into the translational stage for science-oriented startups.”
Greentech Media reporter Julian Spector writes that during the Department of Energy’s ARPA-E Summit, President L. Rafael Reif made the case for the necessity of government funding for basic science. Reif explained that support for scientific research is “an investment in our future.”
Katie Rae, CEO and president of The Engine, speaks with Boston Globe reporter Scott Kirsner about the new venture, which is aimed at supporting startups focused on “tough tech.” Rae says The Engine is “a very hopeful project in my mind — investing in important ideas over the long-term.”
President L. Rafael Reif spoke with Los Angeles Times reporter Deborah Netburn about MIT’s commitment to fundamental scientific research. Reif explained that at MIT researchers are working to “identify big problems and have people working on those. To me, the health of the planet and human health are the two critical ones that drive everything.”
Los Angeles Times reporter Deborah Netburn spoke with President L. Rafael Reif about the importance of allowing scientists around the world to collaborate. “It doesn’t matter if you were born in Pakistan or Somalia or whatever— scientists like to work with scientists,” explains Reif.