Unless they were the graduate students working on this: http://web.mit.edu/cmse/nuggets/research/irg2/7_beetle.html http://web.mit.edu/cmse/nuggets/research/ir

Unless they were the graduate students working on this: http://web.mit.edu/cmse/nuggets/research/irg2/7_beetle.html http://web.mit.edu/cmse/nuggets/research/irg2/7_beetle.html it is highly doubtful their "exclusive rights to IP developed at the nations' best university laboratories" includes that of MIT's, esp. with the small amount that they have raised. MIT's Technology Licensing Office is more picky than that.