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The student center at the Massachusetts Institute of Technology tolerates a buzz of activity pretty much at any hour. But Saturday afternoon, the spacious two-level center was pulsing with life.

More than 200 of the keenest engineering students from around Boston jostled for space, balancing laptops decorated with loud stickers on tables littered with cutting tools, circuit boards, and half-empty candy boxes in a race against the clock to build their vision of a smart future.More →

One of Boston’s best-capitalized — and oldest — startups has run out of fuel thirteen years after it was founded.

Lilliputian Systems, which had been developing a $300 system called Nectar that used butane to charge up portable electronics, has been selling off equipment and intellectual property, and plans to vacate its Wilmington office by September, CEO Sohail Khan tells me. That is after about $150 million of investment from venture capital firms that included Kleiner Perkins, Atlas Venture, Fairhaven Capital Partners, Stata Venture Partners, RockPort Capital, and Intel Capital. Intel had hoped to produce components of the Lilliputian system at its microchip factory in Hudson, which is being shuttered this year.More →