Organization
The Engine
Venture firm founded by MIT in 2016 to back “tough tech” start-ups.
- Dates
- 2016 –
MIT put in $25 million to its first fund, which its treasurer said came directly from the school and not its endowment, and $35 million to its second; it says the money is part of a portfolio meant to return money to its operating budget.
Connections 2
founded by
- Massachusetts Institute of Technology 2016 Primary record 1
investors
- Massachusetts Institute of Technology Oct 2016 anchor funding, Fund I, $25M Primary record 12
Timeline 3 dates
- 2016 – The Engine
- 2016 Massachusetts Institute of Technology founded The Engine
- Oct 2016 Massachusetts Institute of Technology invested in The Engine
Proof 2 sources
-
The Engine announces second fund for tough tech, Massachusetts Institute of Technology, 27 Oct 2020.
Primary record
The Engine , the venture firm founded by MIT in 2016 to support “tough tech” companies
MIT provided $25 million in anchor funding for The Engine’s Fund I
-
MIT launches venture capital fund, The Boston Globe, 26 Oct 2016.
Scholarship & press
But the $25 million in the new Engine investment fund will come directly from the school, not its endowment, Ruiz said.
Page history 1 change
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