I  Deshpande Center for Technological Innovation

http://web.mit.edu/deshpandecenter





     Office Locations:

Massachusetts Institute of Technology
77 Massachusetts Avenue, Room 1-229
Cambridge, MA 02139
Phone: 617-253-0943
Fax: 617-253-8442

 

Stages:

  • Seed


 

Industries:

  • Energy & Clean Tech
  • Information Technology
  • Life Sciences & Healthcare
  • Medical Device

  •  

    Description:

    The Deshpande Center was established at the MIT School of Engineering in 2002 to increase the impact of MIT technologies in the marketplace. Founded with an initial donation by Jaishree and Desh Deshpande, The Deshpande Center helps MIT faculty and students commercialize breakthrough technologies and inventions by transforming promising ideas into innovative products and cutting-edge spinout companies. Toward this end, the center makes modest but pivotal investments in research that is being done by some of MIT's most talented scientists and engineers. The Deshpande Center awards two types of grants- Ignition grants and Innovation grants- based primarily on the stage of an investigator's research. The cumulative value of an initial grant plus subsequent renewals cannot exceed $250,000. The center awards one-year Ignition Grants of $50,000 to researchers who are doing promising yet still-unproven work on inventions with a potentially large impact. Researchers whose inventions are sufficiently developed can bypass the Ignition grant stage and apply directly for a one-year Innovation Grant. An Innovation Grant cannot exceed $250,000. The Deshpande Center supports a wide range of emerging technologies including biotechnology, biomedical devices, information technology, new materials, tiny tech, and energy innovations.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Charles L. Cooney Faculty Director
    Leon Sandler Executive Director
    Maren Cattonar Innovation Manager
    Michelle Grdina Program Manager
    Tim Swager Faculty Director

     

    Portfolio companies include:


      1366 Technologies
        web link


      Ambri
        web link


      Eta Devices
        web link


      EyeNetra
        web link


      Firefly BioWorks
        web link


      Goby
        web link


      Hepregen
        web link


      i2Chem
        web link


      ImmuneXcite
        web link


      Lantos Technologies
        web link


      TARIS Biomedical
        web link


     

    Recent News:


      There is no recent news for Deshpande Center for Technological Innovation.