Massachusetts Institute of Technology (MIT) Collaborations

Massachusetts Institute of Technology (MIT) Collaborations

The university historically pioneered research and training collaboration between academia, industry and government. In 1946, President Compton, Harvard Business School professor Georges Doriot and Massachusetts Investor Trust President Merrill Grisswold founded American Research & Development Corp., the first venture capital firm U.S.. In 1948, Compton established the MIT Industrial Liaison Program. Throughout the 1980s and early 1990s, American politicians and businessmen accused MIT and other universities of contributing to a declining economy by transferring research and technology funded by taxpayers to international - especially Japanese - firms competing with struggling American businesses. Moreover, MIT extensive collaboration with the federal government on research projects has led to several MIT leaders serving as Presidential scientific advisers since 1940. MIT established a Washington Office in 1991 to continue to lobby for research funding and national science policy.

The Justice Department began an antitrust investigation in 1989 and in 1991 filed an antitrust lawsuit against MIT, eight Ivy League and eleven other institutions for allegedly engaging in price fixing at its annual meetings "overlay" which were carried out to prevent bidding wars over promising students from consuming future funding for need-based scholarships. While the Ivy League institutions settled, MIT contested the charges, arguing that the practice was not anti-competitive because it ensured the availability of aid for the greatest number of students. MIT ultimately prevailed when the Justice Department dropped the case in 1994.

MIT's proximity to Harvard University ("the other school up the river") has led to a substantial number of research collaborations such as the Harvard-MIT Division of Health Sciences and Technology and Broad Institute. In addition, students at the two schools can cross-register for credits for their school grades without any additional charge. A program through the registry between MIT and Wellesley College has existed since 1969, and in 2002 the Cambridge-MIT Institute launched a student exchange program between MIT and the University of Cambridge. MIT has programs through more modest record with Boston University, Brandeis University, Tufts University, Massachusetts College of Art, and the School of the Museum of Fine Arts, Boston.

MIT maintains academic ties with independent research organizations in the Boston area, and the Charles Stark Draper Laboratory, Whitehead Institute for Biomedical Research, and Woods Hole Oceanographic Institution as well as international research and educational collaborations through the Singapore- MIT Alliance and substantial research, MIT-Politecnico di Milano, the International Logistics Program MIT-Zaragoza, and other countries through Technology Initiatives Program (MISTI) MIT International Science and. Since the creation of Shahjalal University of Science and Technology, MIT has been cooperating with the new institution to adapt academic curriculum and the credit system for the first time in Bangladesh.

 Technology Review magazine mass market is published by MIT through a subsidiary company, as is a special edition that also serves as an alumni magazine. The MIT Press is a major university press, publishing over 200 books and 30 journals annually emphasizing science and technology as well as arts, architecture, new media, current events, and social issues.