Scalable model delivers '24% IPO rate' for clients, but don't call Mass Innovation Labs an incubator

Before joining Boston University to study biomedical engineering and chemistry, Mass Innovation Labs founder Amrit Chaudhuri was the youngest paid researcher at the MIT-affiliated Whitehead Institute for Biomedical Research, at age 15.

Explaining the origin of the firm, he says that "the idea of spending 20 years to go down the academic path hit me very hard. I thought I'd end up working on projects I didn't want to work on, and I have so many of my own.”

"The idea of starting a company was very interesting, but the ton of bricks that then hits you is - how do you fund it? How is that financially feasible? I spent a couple of years looking at how investment in biotech works."