The Big — But Fixable! — Problems in America’s R&D Ecosystem

At this point, when you hear “venture capitalist,” you probably think of … software. Or artificial intelligence. Or cryptocurrency.

The Engine Ventures, which spun out of MIT a few years ago, is different. It tries to fund what it calls “tough tech,” a somewhat nebulous category that includes companies working in energy, decarbonization, health, and infrastructure. As such, it’s backed some of the most interesting “climate tech” companies in business today, such as Form Energy, Commonwealth Fusion.

On this episode of Shift Key, Rob chats with Katie Rae, the CEO and managing partner of Engine Ventures. They chat about what’s missing from America’s innovation ecosystem, how close fusion is to succeeding, and whether AI is a bubble (whatever that might mean).

One more note: Early in our conversation, Katie says that Commonwealth Fusion has built “more than 300” tokamak reactors. That was, unfortunately, an overestimate. It’s actually built closer to more than 150 reactors. Her team contacted us after her appearance to correct the record.

Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap News.

You can find a full transcript of the episode here.

Mentioned:

From Heatmap: Commonwealth Fusion Systems Wins Over New Class of Investors With $1 Billion Raise

Previously on Shift Key: Why John Arnold Is ‘Very Optimistic’ Permitting Reform Will Pass This Year

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This episode of Shift Key is sponsored by ...

Discover the Yale Clean and Equitable Energy Development online certificate program at the Yale Center for Business and the Environment. In this fully online, 5-month program, you’ll learn from leading experts, develop practical skills, and grow a powerful network. Visit cbey.yale.edu to learn more and apply.

Music for Shift Key is by Adam Kromelow.

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