An exciting step forward for our innovation ecosystem

The newly announced Engine Room is Built byMIT – Powered by Mobius.  Here is an excerpt from today's new article on the annoucement.The Engine - Built by MIT - Powered by Mobius

Today MIT President L. Rafael Reif announced the creation of The Engine, a new kind of enterprise designed to support startup companies working on scientific and technological innovation with the potential for transformative societal impact.

President Reif made the announcement at an evening event at The Engine’s Central Square, Cambridge, Massachusetts, headquarters attended by entrepreneurs, business leaders, investors, and members of the MIT community.

The Engine is designed to meet an underserved need. In Kendall Square and Greater Boston, many breakthrough innovations cannot effectively leave the lab because companies pursuing capital- and time-intensive technologies have difficulty finding stable support and access to the resources they need.