MIT's new startup accelerator and venture capital fund, The Engine, has named its first president: Katie Rae. Rae is a startup and investing veteran, as the former managing director of Techstars and former chairman of Techstars Boston.
Now with The Engine, she'll be helping nurture startups to success and prioritizing "breakthrough ideas over early profit," according to MIT. Tuesday night, she held the group's first information session for those hoping to join its first cohort of startups.
This segment aired on March 1, 2017.
- The Engine
- MIT's New Startup Accelerator Aims To Get Scientific Innovations Out Of The Lab And Into Your Home
- The Big Engine That Very Well Might