CASE STUDY: Kendall Square & MIT—Innovation Ecosystems and the University (October 2015)

“To create a new way of supporting the first stage – from idea to investment – a coalition of funders from the public, for-profit and not-for-profit sectors could provide what universities alone cannot: the physical space, mentorship and bridge-funding for entrepreneurs to turn new science into workable products, up to the point that they meet venture capital’s five-year threshold for the journey from investment to an impact on the market. This would make investing intangible or tangible-digital hybrid innovations no risker than investing in the purely digital.”

MIT President, Rafael Reif, 2015