Original sentence: The Center will award $15+ million in grants over next five years directly into MIT research, and is sponsoring research in broad range of areas, including Biotechnology, Information Technology, and Tiny Technologies.The Center will be a part of MIT's School of Engineering.The Deshpande Center for Technological Innovation was launched with an initial $20 million gift from Gururaj (Desh) Deshpande and Jaishree Deshpande.The center will fund research on novel technologies in collaboration with the high technology and venture capital communities of New England and will support undergraduate education in engineering practice
Edited sentence: And younger companies lacked ways to discover and fund new ideas.But historically, obstacles remained in the innovation process, between initial concepts and commercialization.But today, the Deshpande Center is working to change all that, and connect MIT's innovators with the marketplace.Center will award $15+ million in grants over next 5 years directly into MIT research, and is sponsoring research in broad range of areas, including Biotechnology, Information Technology, and Tiny Technologies.Deshpande Center for Technological Innovation (DCTI), which will be a part of MIT's School of Engineering.Deshpande Center was launched with an initial $20 million gift from Gururaj (Desh) Deshpande and Jaishree Deshpande.MIT has a long tradition of nurturing innovation, providing the technology for new companies, and of building successful relationships with larger corporations that fund research.The center will be dedicated to supporting leading-edge research on novel technologies in collaboration with the high technology and venture capital communities of New England and will support undergraduate education in engineering practice.Unproven ideas had little opportunity to advance beyond their theoretical stages