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10.25.2017
30 mins
ILP Video

Growing a Business from the Lab: Invention and Innovations at MIT CBA and the Media Lab

Shuguang Zhang
Principal Research Scientist
MIT Center for Bits and Atoms

Center for Bits and Atoms (CBA) http://www.cba.mit.edu is at the forefront of cutting edge research and inventions. It has a few hundreds patents and pending patents. Many of these patents have been licensed for commercial product developments. For example, E-Ink patent was licensed to start a E-ink company http://www.eink.com in 1998 that is the results of Amazon Kindle and Chinese as well as numerous other ebooks in the world. E-ink was acquired by a Taiwan company. The students at CBA also invented the inexpensive RFID and the RFID readers. These students formed ThingMagic http://rfid.thingmagic.com, which was acquired in 2010 by Trimbe. In late 1990s, students at CBA invented 3D printers. They then formed a company Formlabs https://formlabs.com. Now it sells all kinds of 3D printers worldwide. The CBA graduates also formed Otherlab https://otherlab.com that invents all kinds of super materials, clean energy devices, soft robots, simple transportation systems and other gadgets. I founded 3DMatrix in 2001 and it now produces hydrogels for rapid stopping bleeding during surgery where sutures or cauterization are impractical or impossible, for accelerated wound healing, for 3-dimension tissue cell cultures and other uses in Europe, Middle-East, Southeast Asia and South America http://www.puramatrix.com. Furthermore, several licensed technologies are widely used in our daily life including sensors for car airbag. Many industrial sponsors support our cutting edge inventions.
MIT Media Lab https://www.media.mit.edu also has made tremendous impact on technology inventions in the world. Media Lab wrote the first software for reading news with embedded images and video on the electronic devices in early 1990s. It was a total novelty then and now we all take for granted. It currently invents personal robots for cares of young and old people. The early prototypes of Google glass were invented in the Media Lab and many more.