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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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A new way to irrigate crops year-round

January 10, 2020

| Entrepreneurship

Toward the end of 2019, startup Khethworks began selling what the team refers to internally as “version one” of its 320-watt solar-powered water pump. The pump allows farmers in India who rely on crop harvests to feed their families to farm year-round instead of being limited to the four-month monsoon season. In just a couple of months, the product has started to change the fortunes of underserved farmers in India, lifting up families and impacting entire villages. But getting...

Letter from President Reif: Learning from the...

January 10, 2020

| Entrepreneurship

The following email was sent today to the MIT community by President L. Rafael Reif. To the members of the MIT community, Today, the Executive Committee of the MIT Corporation released the fact-finding report it commissioned to help the Institute understand the origins, nature and extent of Jeffrey Epstein’s ties to MIT and learn from them. The result of this comprehensive effort is a detailed picture of what happened that can now help inform MIT’s ongoing work to create...

Jeffrey Epstein and MIT: FAQs

January 10, 2020

| Entrepreneurship

Today, January 10, 2020, the Executive Committee of the MIT Corporation released the fact-finding report it commissioned to help the Institute understand the origins, nature, and extent of Jeffrey Epstein’s ties to MIT and learn from them. The questions and answers below provide context. Q: What prompted Goodwin Procter’s review? A: In September, in response to revelations about engagements between MIT and Jeffrey Epstein, President Reif and the Executive Committee of the MIT Corporation asked MIT’s general counsel to...

MIT releases results of fact-finding on engagements...

January 10, 2020

| Entrepreneurship

The Executive Committee of the MIT Corporation today released the findings from a thorough review of MIT’s engagements with Jeffrey Epstein. The review, conducted by the law firm Goodwin Procter, sheds light on the Institute’s actions pertaining to 10 Epstein donations, totaling $850,000, that MIT received between 2002 and 2017, as well as multiple visits that Epstein made to campus. The report concludes that President L. Rafael Reif was not aware that the Institute was accepting donations from a...

Making real a biotechnology dream: nitrogen-fixing cereal...

January 10, 2020

| Entrepreneurship

As food demand rises due to growing and changing populations around the world, increasing crop production has been a vital target for agriculture and food systems researchers who are working to ensure there is enough food to meet global need in the coming years. One MIT research group mobilizing around this challenge is the Voigt lab in the Department of Biological Engineering, led by Christopher Voigt, the Daniel I.C. Wang Professor of Advanced Biotechnology at MIT. For the past...

PayU acquires controlling stake in Indian credit...

January 10, 2020

| Entrepreneurship

PayU is acquiring a controlling stake in fintech startup PaySense at a valuation of $185 million and plans to merge it with its credit business LazyPay as the nation’s largest payments processor aggressively expands its financial services offering. The Prosus-owned payments giant said on Friday that it will pump $200 million — $65 million of which is being immediately invested — into the new enterprise in the form of equity capital over the next two years. PaySense, which employs...

How well can computers connect symptoms to...

January 9, 2020

| Entrepreneurship

A new MIT study finds “health knowledge graphs,” which show relationships between symptoms and diseases and are intended to help with clinical diagnosis, can fall short for certain conditions and patient populations. The results also suggest ways to boost their performance. Health knowledge graphs have typically been compiled manually by expert clinicians, but that can be a laborious process. Recently, researchers have experimented with automatically generating these knowledge graphs from patient data. The MIT team has been studying how...

Zuckerberg ditches annual challenges, but needs cynics...

January 9, 2020

| Entrepreneurship

Mark Zuckerberg won’t be spending 2020 focused on wearing ties, learning Mandarin or just fixing Facebook. “Rather than having year-to-year challenges, I’ve tried to think about what I hope the world and my life will look in 2030,” he wrote today on Facebook. As you might have guessed, though, Zuckerberg’s vision for an improved planet involves a lot more of Facebook’s family of apps. His biggest proclamations in today’s notes include that: AR – Phones will remain the primary...

Julia Ortony: Concocting nanomaterials for energy and...

January 9, 2020

| Entrepreneurship

A molecular engineer, Julia Ortony performs a contemporary version of alchemy. “I take powder made up of disorganized, tiny molecules, and after mixing it up with water, the material in the solution zips itself up into threads 5 nanometers thick — about 100 times smaller than the wavelength of visible light,” says Ortony, the Finmeccanica Career Development Assistant Professor of Engineering in the Department of Materials Science and Engineering (DMSE). “Every time we make one of these nanofibers, I am amazed...

Pathways to a low-carbon future

January 9, 2020

| Entrepreneurship

When it comes to fulfilling ambitious energy and climate commitments, few nations successfully walk their talk. A case in point is the Paris Agreement initiated four years ago. Nearly 200 signatory nations submitted voluntary pledges to cut their contribution to the world’s greenhouse gas emissions by 2030, but many are not on track to fulfill these pledges. Moreover, only a small number of countries are now pursuing climate policies consistent with keeping global warming well below 2 degrees Celsius,...

2019 saw a stampede of fintech unicorns

January 9, 2020

| Entrepreneurship

Dana Stalder Contributor Share on Twitter Dana Stalder is a partner at Matrix Partners, where he invests predominantly in fintech, consumer marketplaces and enterprise software. More posts by this contributor 2019 looks to continue another lights-out year for fintech startups Financial technology startups emerged as serious challengers to financial services in 2017 Jake Jolis Contributor Share on Twitter Jake Jolis is a partner at Matrix Partners and invests in seed and Series A technology companies including marketplaces and software....

Bux acquires ‘social’ cryptocurrency investment platform Blockport

January 9, 2020

| Entrepreneurship

Bux, the Amsterdam-based fintech that wants to make investing more accessible, has acquired the European “social” cryptocurrency investment platform Blockport. Terms of the deal remain undisclosed, although Bux says the move paves the way for the company to launch its own branded cryptocurrency investment app. Dubbed “BUX Crypto,” it will be available in the 9 countries Bux operates in and is planned to go live in Q1 this year. In addition, we are told the founders and core team...

In health care, does “hotspotting” make patients...

January 8, 2020

| Entrepreneurship

The new health care practice of “hotspotting” — in which providers identify very high-cost patients and attempt to reduce their medical spending while improving care — has virtually no impact on patient outcomes, according to a new study led by MIT economists. The finding underscores the challenge of reducing spending on “superutilizers” of health care, the roughly 5 percent of patients in the U.S. who account for half the nation’s health care costs. The concept of hotspotting, a little...

Three from MIT are named 2020 fellows...

January 8, 2020

| Entrepreneurship

Among the newly selected 2020 class of fellows of the Institute of Electrical and Electronics Engineers (IEEE) are three members of the MIT community: Hari Balakrishnan, the Fujitsu Chair Professor in the MT Department of Electrical Engineering and Computer Science, and Richard Lippmann and Daniel Rabideau, members of the technical staff at MIT Lincoln Laboratory. The IEEE, the world’s largest technical professional organization, confers the rank of fellow on senior members whose work has advanced innovation in their respective...

“She” goes missing from presidential language

January 8, 2020

| Entrepreneurship

Throughout most of 2016, a significant percentage of the American public believed that the winner of the November 2016 presidential election would be a woman — Hillary Clinton. Strikingly, a new study from cognitive scientists and linguists at MIT, the University of Potsdam, and the University of California at San Diego shows that despite those beliefs, people rarely used the pronoun “she” when referring to the next U.S. president before the election. Furthermore, when reading about the future president,...

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