MIT is getting into the incubator business in a big way with “The Engine,” a major fund and accelerator space aimed at nurturing early-stage companies solving big, difficult problems in tech and science. After The Engine raises its targeted $150 million fund, up to 60 companies at a time will benefit from the university’s equipment, services and considerable pool of expertise.
While many details are yet to come, it’s clear this is serious business for the Boston-area mega-school. The language of the announcement indicates that establishing the city as a hub for commercialized innovation is a major secondary goal.
