The Engine Is A Non Profit Incubator And Accelerator That Supports Tough Tech Startupsestablished In 2016 As A Spin Off From Mitits Mission Is To Connect Research Breakthroughs With Commercial Applicationsfocusing On Companies That Tackle Significant Global Challengesthe Engine Provides Essential Infrastructureresourcesand Ecosystem Support To Help These Startups Succeed The Engine Offers 227 000 Square Feet Of Fully Managed Lab And Engineering Spaceincluding Wet Labs And Fabrication Shopsit Has A Dedicated Team Of 32 Staff Members Who Assist Resident Companies With Various Support Servicesthe Organization Also Fosters Networking Opportunities By Bringing Together Policymakersinvestorsand Founders To Enhance The Tough Tech Ecosystem With 111 Resident Companies And Partnerships With 25 Institutions And 15 Corporate Partnersthe Engine Plays A Vital Role In Advancing Technologies In 19 Tough Tech Industriesincluding Climate Change And Human Healthadditionallyit Operates Engine Venturesa Venture Capital Firm That Invests In Emerging Tough Tech Foundersproviding Them With Capital And Access To A Broad Network Of Connections
