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Archive for October, 2013


Letter announcing new associate deans for innovation

The following email was sent today to the MIT faculty by David Schmittlein, John C Head III Dean at the MIT Sloan School of Management, and Ian A. Waitz, dean of the School of Engineering and the Jerome C. Hunsaker Professor of Aeronautics and Astronautics.

Dear Colleagues,

It is with great pleasure that we write to announce the appointments of Fiona Murray as MIT Sloan’s Associate Dean for Innovation and Vladimir Bulović as the MIT School of Engineering’s Associate Dean for Innovation. Individually, their positions speak to both new responsibilities and enduring values and priorities for the School of Management and the School of Engineering. Collectively, these appointments symbolize a strong commitment to ensuring new avenues for collaboration, discovery, and advancement throughout MIT in the areas of innovation and entrepreneurship. Each Associate Dean will serve as a leader in President Reif’s newly announced Innovation Initiative, and as part of their joint activities they will examine MIT’s structures and organizations to ensure that the Institute is optimized to deliver the innovation that is central to MIT’s mission. 

MIT Sloan’s Associate Dean for Innovation Fiona Murray

As Associate Dean, Fiona will be responsible for coordinating the extensive entrepreneurship and innovation-focused teaching across MIT Sloan’s degree and non-degree programs, and she will continue as the faculty director of the Martin Trust Center for MIT Entrepreneurship. She will also foster visibility and coherence across a range of innovation-oriented research initiatives at the School and around the Institute. Fiona is particularly well placed to undertake this important cross-campus role as she also serves on the MIT Intellectual Property Committee, has been co-chair of the Taskforce on Undergraduate Entrepreneurship Education, and has been engaged in a range of cross-campus initiatives, including holding a joint appointment with the Harvard-MIT Division of Health Science and Technology. Over the past several years, Fiona also co-taught the popular cross-campus i-Teams class, which focuses on bringing technological innovations and scientific discoveries to the marketplace, engaging over 97 MIT labs in the course.

With training in chemistry from the University of Oxford and a PhD from Harvard University’s School of Engineering and Applied Sciences, Fiona is now an internationally recognized expert on entrepreneurship and entrepreneurship education, with a focus on the transformative effect that investments in scientific and technical innovations can have on job creation and regional prosperity. She is a research associate at the National Bureau of Economic Research and engages in its Innovation Productivity and the Economy program. Her recent work has examined the policies and structures that can enable different stakeholders to build vibrant innovation-driven entrepreneurial ecosystems. She has worked on entrepreneurship policy issues with a number of governments around the world, including hosting the British Prime Minister on his recent visit to MIT. Fiona’s work has been published in a wide range of journals, including: Science, Nature, New England Journal of Medicine, Nature Biotechnology, American Journal of Sociology, Research Policy, Organization Science, and The Journal of Economic Behavior & Organization.

In addition to this new role, Fiona will continue to devote time to her research and teaching as a member of our Technology, Innovation, Entrepreneurship and Strategy Group.

School of Engineering Associate Dean for Innovation Vladimir Bulović

As Associate Dean, Vladimir Bulović will oversee a broad portfolio of efforts within the School of Engineering that support innovation and entrepreneurship, and he will serve as the School’s faculty lead in the design and construction of MIT’s new nano-fabrication and nano-characterization facility.

Vladimir holds the Fariborz Maseeh Chair in Emerging Technology and leads the Organic and Nanostructured Electronics laboratory, which he developed as a unique open nanotechnology facility. He also directs the Microsystems Technology Laboratories that support over 700 investigators and $80M of research programs from across the Institute, and he co-directs the Eni-MIT Solar Frontiers Center, among MIT’s largest sponsored programs. His research interests include studies of physical properties of organic and inorganic nanostructured films and structures and their applications in novel optoelectronic devices. His academic papers have been cited over 10,000 times, while his 60 U.S. patents and numerous patent disclosures have been licensed and utilized by both start-up and multinational companies. A practicing entrepreneur, Vladimir is a founder of QD Vision, Inc. of Lexington MA, which is manufacturing quantum dot optoelectronic components; Kateeva, Inc. of Menlo Park CA, which is focused on development of printed organic electronics; and Ubiquitous Energy, Inc., which is developing nanostructured solar technologies. These start-ups presently employ over 200 researchers in the U.S. and a similar number of employees abroad.

Vladimir received his Ph.D. from Princeton University, where his academic work and patents contributed to the launch of the Universal Display Corporation and the Global Photonics Energy Corporation. He is a recipient of the U.S. Presidential Early Career Award for Scientist and Engineers, the National Science Foundation Career Award, the Ruth and Joel Spira Award, Eta Kappa Nu Honor Society Award, and the Bose Award for Distinguished Teaching. Recognized as an authority in the field of applied nanotechnology, Vladimir was named to the Technology Review TR100 List, and in 2012 he shared the SEMI Award for North America in recognition of his contribution to commercialization of quantum dot technology. In 2008 he was named the Class of 1960 Faculty Fellow, honoring his contribution to energy education, which led to the launch of the MIT Energy Studies minor, the first academic program that spans all five schools at MIT. In 2009 he was awarded the Margaret MacVicar Faculty Fellowship, MIT’s highest teaching honor, and in 2011 he was named the Faculty Research Innovation Fellow for excellence in research and international recognition. Most recently, Vladimir was named a Fellow of the World Technology Network and the Xerox Distinguished Lecturer in recognition for his continued contribution to innovation of practical applied nanotechnologies. 

Please join us in congratulating Fiona and Vladimir on their new positions.


David Schmittlein
John C Head III Dean
MIT Sloan School of Management

Ian A. Waitz
Dean of Engineering
Jerome C. Hunsaker Professor of Aeronautics and Astronautics


Greenspan fears more debt deadlock

Former Fed chairman Alan Greenspan tells the BBC that the US debt ceiling crisis is far from over, that the eurozone needs political union, and “crony capitalism” is growing.


No flower of art ever fully blossomed save it was nourished by tears of agony. …

No flower of art ever fully blossomed save it was nourished by tears of agony. “Isadora Duncan, The Sensational Life of Isadora Duncan”


DealBook: Wealth Fund Cautions Against Costs Exacted by High-Speed Trading

For larger investors, the benefits of the technological changes in recent years are not nearly as clear, according to Norway’s sovereign wealth fund.



Innovation Is a Key Marketing Enabler

Marketers can create value by innovating across channels, says Shideh Sedgh Bina of Insigniam.


Osama Bin Laden: As Pakistan Oppresses Ethnic Minorities, US Resumes Aid

Two and a half years after the widely publicized US Navy Seal raid, which killed Osama bin-Laden who was hiding in the heart of Pakistan’s military-political establishment, Washington DC has quietly resumed overt foreign aid to Islamabad.

The decision to resume billions of dollars in aid comes in the face of crushing unemployment, worsening inflation, and a tsunami of $100+ trillion debt staring at American people.

Despite growing but muted opposition to foreign aid, a paralyzed and pliant America has resigned itself to decisions crafted by policy makers in Washington DC. Declining standards of living over last several decades have led to a situation where an aging and bankrupt US, with below replacement fertility, is boosting the finances of Pakistan with explosive fertility and rapidly multiplying population.

Pakistan’s ethnic minorities, which are deeply resentful of Islamabad’s oppressive rule, are bracing for further attacks on their communities and dignity, as White House revealed plans to transfer more than $1.6 billion to Pakistan, including $305 million in “security” assistance.

Newly elected Pakistani Prime Minister Nawaz Sharif of Punjab is scheduled to meet with White House staff and US Congressional leaders, where plans for future aid will be elaborated.

“As part of our annual funding process, throughout the course of this past summer the State Department notified Congress of how it planned to program funds from several different accounts for various programs in Pakistan…While this is part of a long process of restarting security assistance cooperation after implementation was slowed during the bilateral challenges of 2011 and 2012, civilian assistance has continued uninterrupted throughout,”

State Department spokeswoman Marie Harf said in an email.

Tens of billions in security aid to Pakistan’s military over last several decades has strengthened its grip on restive minorities, including Balochis and Sindhis, who have sought independence with varying degrees of intensity.

Last month, the ethnic conflict between Baloch minority and Punjabi majority was further inflamed in the aftermath of powerful earthquake in the province of Balochistan, that took 400 lives and displaced more than 300,000. US congressional hearings on Balochistan have revealed the extent to which American aid to Pakistan has been used to suppress Balochistan’s freedom struggle and right to self determination.

Following the lead of Balochistan, separatists in Pakistan’s Sindh province have redoubled their efforts towards political independence from Pakistan, as American foreign aid enriches the Punjab province, home to Pakistani military-political-financial establishment.

It remains to be seen if American people’s opposition to foreign aid can be channeled into political action, so that the cycle of oppression, death and destruction of Pakistan’s ethnic minorities, followed by ever increasing aid by Washington DC, can be broken.

[image from wikimedia]


IMF chief warns of recession risk

The head of the International Monetary Fund warns a US default could spark a global recession, as the deadlock in Congress continues.


Chinese entrepreneurs visit MIT Sloan

A group of Chinese entrepreneurs are visiting the MIT Sloan School of Management Oct. 9-11 to take part in a special executive education program focused on strategic innovation and entrepreneurial leadership. The MIT Sloan program is part of China Entrepreneur Club’s “Global Study Tour of Chinese Entrepreneurs.”

Established by 31 of China’s top entrepreneurs, economists, and diplomats in 2006, China Entrepreneur Club (CEC) is a hub for Chinese entrepreneurial exchange, cooperation, and international collaboration. As a non-profit organization, CEC is dedicated to nurturing entrepreneurship and business integrity while paving the future of sustainable economic and social development.

During their visit to MIT Sloan, more than 20 Chinese executives will be exposed to the Institute’s innovation ecosystem through lectures from top MIT faculty, classroom activities, and visits to MIT labs and research centers. The custom program will feature MIT Sloan faculty from the Martin Trust Center for MIT Entrepreneurship. Professor Fiona Murray, faculty director of the Trust Center, will be the faculty director of the CEC program, and Bill Aulet, managing director of the Trust Center and author of the new book “Disciplined Entrepreneurship: 24 Steps to a Successful Startup,” will teach in the program, along with other MIT faculty.

MIT Sloan Executive Education is dedicated to developing innovative global leaders who improve the world. Partnering with some of the world’s most influential organizations, MIT Sloan develops custom programs to help them drive revolutionary change, take advantage of opportunities, and master their toughest challenges through innovation. Programs are designed to address an organization’s specific challenges through rigorous concepts and frameworks and unique learning-in-action methodologies, creating a dynamic learning experience that leads to significant, real-world results.

“As pioneers of global management education, MIT Sloan is committed to establishing business practices that strengthen local economies and, ultimately, help shape the future of global business,” says Peter Hirst, executive director of MIT Sloan Executive Education. “With our long history of working with Chinese students and companies, our extensive entrepreneurial network, and our culture of innovation, MIT is uniquely qualified to provide executive education to the China Entrepreneur Club. We are thrilled to welcome them to MIT.”