When it comes to ground-breaking scientific discoveries and technological developments, MIT kills it. But the accolades in those areas sometimes might overshadow the fact that the Institute fosters stellar businesses, as well. Sloan is a big name among business schools, and its students have launched many a startup that are just so MIT.
Lets celebrate these Sloan startups: Heres a list of some of the most interesting startups from the B school - both current student ventures, along with spin-outs.
This Sloan spin-out is taking car insurance into the 21st Century. Insurify has already made waves with its auto insurance shopping platform, which includes a virtual insurance agent - Evia - whos there to help. The venture secured $2 million in seed funding in January, so its off to a steady start.
The recent winner of MIT Sloans Healthcare Innovation Prize, GoodSIRS is trying to save millions of lives each year with its filtration treatment for sepsis. The common, fatal condition occurs when peoples bodies go into overdrive trying to fight an infection, causing organ failure. With GoodSIRS selective filtration technology, well be able to remove the offending chemicals from the bloodstream and prevent deaths from sepsis.
Here in the U.S., we walk into a grocery store, peruse the produce section and think nothing of it. In developing nations where refrigeration is lacking, a significant portion of food spoils before it makes it to market. Gomango is creating a network of rental cooling boxes in India that would let farmers prevent food spoilage, sell more at markets and even transport their products to areas further away to be more lucrative.
We love talking about whats good and not good for your health, yet we know so little about certain parts of our bodies, like the ear. Even doctors have a tough time taking a look at ears and determining their health. EarID has taken a traditional otoscope and outfitted it with a spectrometer and illumination system. This way, doctors can have quantitative information about patients ear health rather than depending on observations from the naked eye alone.
I experienced my first plane de-icing this winter. I didnt like how it delayed my flight an hour, but, little did I know, it also involved harmful chemicals. De-Ice has developed an electric system that would be built into planes and would be capable of de-icing aircrafts without using any chemicals at all. On top of that, it would make the process far quicker and drastically reduce costs associated with de-icing.
Cancer sucks. While no one at MIT has found a cure for cancer yet, this startup is helping people get diagnosed earlier so its more treatable. Astraeus Technologies has started with lung cancer, developing an affordable, accurate card that is capable of detecting cancer on someones breath. It sweeped the last MIT 100K Accelerate pitch competition and plans to focus on making its way through FDA approval.