In my Inaugural remarks, I celebrated MIT’s record of success in focusing brilliant, interdisciplinary teams on deeply difficult problems, from the Rad Lab and Lincoln Lab to the Energy Initiative and our countless partnerships with industry. I asked my faculty colleagues to identify grand challenges, where — through coordinated, Institute-wide, mission-driven research, and through the power of innovation and entrepreneurship — MIT could next make a unique contribution. Over the course of the year, I have received many excellent ideas and suggestions; today, I address two that have a natural connection.
Many members of our community expressed a strong interest in strengthening our innovation ecosystem. I heard equally passionate suggestions that MIT focus intensely on manufacturing. As we know from the recent report of our Production in the Innovation Economy (PIE) Commission, innovation and production are not simply stops on a one-way journey to the marketplace; they are tightly linked and mutually reinforcing activities on a two-way street of creative iteration. In other words, if we want to accelerate innovation, we must advance our work on production as well.
– See more at: http://president.mit.edu/speeches-writing/launching-mit-innovation-initiative#sthash.YJSgxGBS.dpuf