The Deshpande Center for Technological Innovation at MIT announced it is awarding $700,000 in grants to nine MIT research teams working on early-stage discoveries. These projects have the potential to make a significant impact on our quality of life by revolutionizing disease therapies, allergy diagnosis, HIV care in the developing world, drug discovery, energy-efficient displays, energy storage, and nanoscale imaging.
Acting as a catalyst for innovation and entrepreneurship, the Deshpande Center awards both Ignition Grants and Innovation Grants each spring and fall that fund proof-of-concept explorations and validation for emerging technologies. "While most of the world focuses on the current financial and economic crisis, we continue to focus our efforts on new technological innovations," said Leon Sandler, the center's executive director. "These innovations will be the engines of future economic growth providing new products and services that will improve the quality of peoples' lives."
One of the fall 2008 grant recipients is:
Donald Sadoway, John F. Elliott Professor of Materials Science and Engineering: Supervalent battery--A proof-of-concept for a novel battery utilizing a supervalent technology to move energy density beyond the limitations of Li-ion batteries.
The Ignition and Innovation grants help recipients assess and reduce the technical and market risks associated with their innovations. In addition to financial support, the Deshpande Center's network of entrepreneurs, venture capitalists, and academic and legal experts helps recipients assess the commercial potential of their innovations and make decisions that accelerate progress toward the development of business plans or licensing strategies.
The article was taken from the MIT News Office.