The Deshpande Center was established at the MIT School of Engineering in 2002 to increase the impact of MIT technologies in the marketplace. Since then the Deshpande Center has funded more than 90 projects with over $11 million in grants. Twenty six projects have spun out of the center into commercial ventures, having collectively raised over $350 M in outside financing.
The Deshpande Center supports a wide range of emerging technologies including biotechnology, biomedical devices, information technology, new materials, tiny tech, and energy innovations. It achieves its mission through several approaches: Grant Program, Catalyst Program, Innovation Teams (i-Teams) & Events.
The Center depends on the financial and professional support of successful alumni, entrepreneurs, and investors to provide a sustainable source of funding for innovative research and guidance to help it reach the marketplace.