MIT Energy Initiative

by Dylan Goodman

The MIT Energy Initiative (MITEI) has recently announced it will be giving away over $1.65 million in grants under its annual seed fund program. The money will go to support early-stage energy related projects on campus. Over the past 8 years MITEI Seed Funding has provided over $17 million dollars to 140 different energy related research projects spanning across MIT’s five schools. For 2015, there will be 11 companies each receiving $150,000 in seed funding. (Abraham) There are more applicants than can receive funding, so projects are chosen by their potential to contribute to increased energy research. Projects can vary across a wide array of fields ranging from hydraulic fracturing to new battery technologies. Continue reading