October 23, 2014 3:39 PM ET

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Company Overview of Massachusetts Institute of Technology

Company Overview

Massachusetts Institute of Technology is an academic research and educational institution. The university has five schools that offer degree courses in architecture and planning, engineering, humanities, arts, and social sciences, management, and science. These include twenty-seven degree-granting departments, programs, and divisions. Massachusetts Institute of Technology was founded in 1861 and is based in Cambridge, Massachusetts.

77 Massachusetts Avenue

Cambridge, MA 02139-4307

United States

Founded in 1861





Key Executives for Massachusetts Institute of Technology

Age: 63
Executive Vice President
Age: 70
First Vice President and General Counsel
Age: 60
Professor of David H. Koch Institute
Age: 66
Compensation as of Fiscal Year 2014.

Massachusetts Institute of Technology Key Developments

Massachusetts General Hospital and Massachusetts Institute of Technology Form Strategic Partnership to Address Major Challenges in Clinical Medicine

Massachusetts General Hospital and Massachusetts Institute of Technology formed a strategic partnership to address major challenges in clinical medicine. A novel partnership between Massachusetts General Hospital (MGH) and Massachusetts Institute of Technology (MIT) is addressing three major challenges in clinical medicine improving the diagnosis of disease, developing new approaches to prevent and treat infectious and autoimmune diseases, and developing more accurate methods of diagnosing and treating major neurodegenerative and psychiatric diseases. While individual collaborations between MGH and MIT investigators are nothing new, this formalized strategic partnership is designed to accelerate the development of diagnostic tools and therapies. The new partnership will follow the example set by the Ragon Institute of MGH, MIT and Harvard, which was founded in 2009 to find new ways of preventing and curing human disease through harnessing the power of the immune system, with an initial focus on the need for an effective vaccine against AIDS. Over the past five years, MIT engineers and scientists, MGH clinicians and investigators, and collaborators from institutions in the U.S. and around the world have made important progress towards solving one of the scientific and medical challenges of time. Under the new partnership, MGH and MIT have committed to providing up to $3 million over a two-year period to fund research projects addressing three Grand Challenges in diagnostics, infectious/autoimmune diseases and neurosciences. Teams applying for the grants must include a principal investigator from each institution, and projects must have the potential to generate results that could lead to further funding from external sources within a year or two. For the first of the challenges, six grants are being funded two major grants covering two years of funding and four smaller, one-year grants that will be eligible for renewal.

Massachusetts Institute of Technology Researchers Develop New Wireless System to Reduce Traffic Congestion

Massachusetts Institute of Technology researchers Li-Shiuan Peh and Jason Gao have developed a new wireless system called the RoadRunner, which uses GPS-style directions to reduce traffic congestion. The researchers showcased the system at the recent Intelligent Transportation Systems World Congress in Detroit, U.S. To form the simulations, the researchers used the data supplied by Singapore's Land Transit Authority and then compared the RoadRunner with the same kind of system currently in use in Singapore. The system in Singapore charges drivers a fee through dashboard-mounted transponders for entering congested roadways and measures the driver's location through radio transmitters installed around the city. In comparison, the RoadRunner only uses handheld devices attached in cars' dashboards and assigns a certain number of cars in a region through a token. If tokens are not free, RoadRunner routes the car around the region through voice messages. The RoadRunner simulations found an 8% increase in average speed of car during peak periods. The system uses a 802.11p wireless standard, which is a Wi-Fi variation that uses a part of electromagnetic spectrum. This wireless standard was controlled through a mobile app.

Hitachi, Ltd. Begins Joint Research with The Massachusetts Institute of Technology, The University of Michigan, and The University of California, Berkeley Targeting Resource-Renewable Boiling Water Reactors

Hitachi Ltd. announced that they have begun joint research with three American universities - the Massachusetts Institute of Technology (MIT), the University of Michigan (U-M), and the University of California, Berkeley (UCB) - aimed at using Transuranium Elements as fuel, and the development of Resource-renewable Boiling Water Reactors (RBWRs) that enable the effective use of uranium resources. Through this joint research, Hitachi plans to evaluate the performance and safety of RBWRs, which is being developed by Hitachi and Hitachi GE Nuclear Energy Ltd., and to study plans for testing with a view toward practical applications with each university. As one solution to this challenge, Hitachi has undertaken the development of RBWRs based on Boiling Water Reactor technologies, which already have an extensive track record of applications in commercial nuclear reactors. RBWRs could potentially use TRUs separated and refined from spent fuel as fuel along with uranium. Although RBWRs use new core fuel concepts to burn TRUs, they use the same non-core components as current Boiling Water Reactors (BWRs), including safety systems and turbines. As such, RBWRs are unique in that extensive experience accumulated through the application of BWRs can be leveraged to achieve efficient nuclear fission in TRUs. In this next stage of joint research, utilizing the knowledge and insights acquired through the previous stage, and applying the more accurate analysis methods developed by MIT, U-M, and UCB, Hitachi will continue to evaluate the safety and performance of the new reactors, and will study plans for tests with a view toward practical applications.

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