I  The Engine


     Office Locations:

501 Massachusetts Ave.
Cambridge, MA 02139



  • Early
  • Seed



  • Energy & Clean Tech
  • Information Technology
  • Life Sciences & Healthcare
  • Medical Device
  • Software & Internet



    The Engine is an accelerator built by the Massachusetts Institute of Technology (MIT). To fuel The Engine, MIT is seeking to attract hundreds of millions of dollars of support and to provide hundreds of thousands of square feet of space for entrepreneurs in Kendall Square and nearby communities - starting with 26,000 square feet in its Central Square headquarters. To start, the group is raising $150 million for a first fund, with $25 million coming from MIT as a limited partner. The Engine is focused on accelerating two vital stages in the life of a startup: The early 'proof of product' stage, when entrepreneurs initially bring their novel idea to life; and the stage when they begin to scale up to commercial production. The Engine will eventually support up to 60 locally based startups concurrently; these companies will participate in the accelerator for up to 12 months. The Engine is targeted (but not exclusively) towards sectors like biotech, medical devices, manufacturing, clean energy, robotics, and Internet of Things (IoT). The Engine will make meaningful investments that will allow participating startups to get off the ground quickly and operate long enough to prove their concepts' viability. It will also provide business planning, legal, and administrative support.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Israel Ruiz Executive Vice President
    Katie Rae President & CEO


    Recent Funding Events (trailing 12 months):







      Boston Metal



      Series A


    Portfolio companies include:

      Boston Metal
        web link


    Recent News: