AOL to sponsor MIT Media Lab Consortium

By Brendan Lynch

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AOL Inc. reports it has joined the MIT Media Lab Consortium as a sponsor.

Under the three-year sponsorship deal, AOL (NYSE: AOL) will collaborate on the Media Lab’s research, and have the right to license work developed at the Media Lab during its sponsorship. MIT consortium sponsorships cost $200,000 per year for a minimum of three years.

The collaboration will focus on research intended to transform the way people interact with digital technologies, according to AOL.

Over the summer, EMC Corp. became a consortium sponsor of the Media Lab and opened a research facility in Cambridge as part of an effort to better link itself with university research and startups.

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