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Suborbital space tourism finally arrives | FCC prepares to run public C-band auction | The big four in the U.S. launch industry — United Launch Alliance, SpaceX, Blue Origin and Northrop Grumman — hope to be one of two providers that will receive five-year contracts later this year to launch national security payloads starting in 2022. | China’s launch rate stays high | The International Space Station is the largest ever crewed object in space.

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Helping military veterans nail that interview

January 28, 2020

| Entrepreneurship

The military is great at teaching soldiers to accomplish objectives under stressful conditions, work as part of a team, and lead groups of people. Those skills are useful in business as well as combat, but many veterans lack experience communicating their skills to recruiters or hiring managers in job interviews. As a result, many veterans struggle to land a good job after their service — a critical factor for a successful transition into civilian life. Now the startup Candorful...

MIT to donate to four nonprofits supporting...

January 27, 2020

| Entrepreneurship

MIT has selected four nonprofits that serve survivors of sexual abuse and exploitation to receive gifts totaling $850,000. This is the amount that convicted sex offender Jeffrey Epstein donated to the Institute between 2002 and 2017, as determined by a recently completed review. Following several months of research and deliberation, MIT’s Committee on Sexual Misconduct Prevention and Response (CSMPR) identified the Boston Area Rape Crisis Center; the EVA Center; My Life My Choice; and the Urban League of Eastern...

Communicating respect for graduate students

January 27, 2020

| Entrepreneurship

Mitigating the stresses of graduate school requires dedicated community support and mentorship. Professors Wesley Harris, Anna Frebel, and Harry Tuller have been honored by graduate students as “Committed to Caring” for the manifold ways they demonstrate their respect for students. Anna Frebel: listening and lifting up Frebel says that “it is a gift to be able to tell, especially younger women, ‘You can do it — I believe in you and your ideas.’” Frebel joined the MIT physics faculty in...

Teller raises $4M to take on Plaid...

January 27, 2020

| Entrepreneurship

“They’re idiots, they’re really naive,” is how Stevie Graham, the co-founder of fintech Teller, once described Open Banking Limited, the body charged with delivering open banking in the U.K. His view back in 2017 — which now looks somewhat prophetic — was that open banking wouldn’t be the competition driver it was hyped up to be. Instead, incumbent banks were incapable of change and would act in a malevolent way to stop fintechs from walking through the front door...

N26 reaches 5 million customers including 250,000...

January 27, 2020

| Entrepreneurship

Challenger bank N26 has reached 5 million customers. In 2019 alone, N26 managed to add over 2.5 million customers. And the company’s growth rate seems to be accelerating as N26 reached 3.5 million customers in June 2019. That represents an addition of 1 million customers during the first half of 2019 and an addition of 1.5 million customers during the second half of 2019. One reason why N26 is growing at a faster pace is that the company is...

For cheaper solar cells, thinner really is...

January 27, 2020

| Entrepreneurship

Costs of solar panels have plummeted over the last several years, leading to rates of solar installations far greater than most analysts had expected. But with most of the potential areas for cost savings already pushed to the extreme, further cost reductions are becoming more challenging to find. Now, researchers at MIT and at the National Renewable Energy Laboratory (NREL) have outlined a pathway to slashing costs further, this time by slimming down the silicon cells themselves. Thinner silicon...

Currencycloud nabs $80M from Visa, World Bank...

January 26, 2020

| Entrepreneurship

Sending money from one country to another — either because you are a business paying someone for a service, or a family member working abroad and sending money back home, or something in between — is a huge business, worth some $700 million annually. Today, a London startup called Currencycloud, which has built a set of remittance APIs that let any financial business integrate money transfer services into its platform, is announcing that it has raised $80 million to...

Technology is anthropology

January 26, 2020

| Entrepreneurship

The interesting thing about the technology business is that, most of the time, it’s not the technology that matters. What matters is how people react to it, and what new social norms they form. This is especially true in today’s era, well past the midpoint of the deployment age of smartphones and the Internet. People — smart, thoughtful people, with relevant backgrounds and domain knowledge — thought that Airbnb and Uber were doomed to failure, because obviously no one...

Finding solutions amidst fractal uncertainty and quantum...

January 26, 2020

| Entrepreneurship

Semyon Dyatlov calls himself a “mathematical physicist.” He’s an associate editor of the journal Probability and Mathematical Physics. His PhD dissertation advanced understanding of wave decay in black hole spacetimes. And much of his research focuses on developing new ways to understand the correspondence between classical physics (which describes light as rays that travel in straight lines and bounce off surfaces) and quantum systems (wherein light has wave-particle duality). So it may come as a surprise that, as a...

Bradford Parkinson SM ’61 awarded Queen Elizabeth...

January 24, 2020

| Entrepreneurship

Bradford Parkinson SM ’61, who received his master of science degree in the MIT Department of Aeronautics and Astronautics (AeroAstro), was honored last month with the Queen Elizabeth Prize for Engineering along with three colleagues responsible for creating the first truly global, satellite-based positioning system (GPS). The Queen Elizabeth Prize is the world’s most prestigious engineering accolade, a £1 million (about $1.3 million) award that celebrates the global impact of engineering innovation on humanity. Parkinson was honored along with...

MIT monitoring 2019 novel coronavirus

January 24, 2020

| Entrepreneurship

On Dec. 31, 2019, the World Health Organization learned about a number of cases of pneumonia of unknown origin in Wuhan City, in the Hubei Province of China. On Jan. 7, Chinese authorities identified the cause as a novel coronavirus (2019-nCoV) — a member of the coronavirus family that had never been encountered before. Common human coronaviruses usually cause mild to moderate upper-respiratory tract illnesses, like the common cold, with symptoms that last only a short time. However, two...

A founder’s guide to recession planning for...

January 24, 2020

| Entrepreneurship

Schwark Satyavolu Contributor Share on Twitter Schwark Satyavolu is a general partner at Trinity Ventures where he makes early-stage investments in fintech, security and AI. A serial entrepreneur, he co-founded Yodlee (YDLE) and Truaxis, both of which were acquired. Previously, he held senior executive positions at LifeLock and Mastercard. He is an inventor on 15 patents. More posts by this contributor Are employers the latest financial services disruptors? We are living through one of the nation’s longest periods of...

Researchers hope to make needle pricks for...

January 24, 2020

| Entrepreneurship

Patients with diabetes have to test their blood sugar levels several times a day to make sure they are not getting too high or too low. Studies have shown that more than half of patients don’t test often enough, in part because of the pain and inconvenience of the needle prick. One possible alternative is Raman spectroscopy, a noninvasive technique that reveals the chemical composition of tissue, such as skin, by shining near-infrared light on it. MIT scientists have...

Facebook’s dodgy defaults face more scrutiny in...

January 24, 2020

| Entrepreneurship

Italy’s Competition and Markets Authority has launched proceedings against Facebook for failing to fully inform users about the commercial uses it makes of their data. At the same time a German court has today upheld a consumer group’s right to challenge the tech giant over data and privacy issues in the national courts. Lack of transparency The Italian authority’s action, which could result in a fine of €5 million for Facebook, follows an earlier decision by the regulator, in...

Study: Commercial air travel is safer than...

January 24, 2020

| Entrepreneurship

It has never been safer to fly on commercial airlines, according to a new study by an MIT professor that tracks the continued decrease in passenger fatalities around the globe. The study finds that between 2008 and 2017, airline passenger fatalities fell significantly compared to the previous decade, as measured per individual passenger boardings — essentially the aggregate number of passengers. Globally, that rate is now one death per 7.9 million passenger boardings, compared to one death per 2.7...

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