Terrafugia was founded by graduates of the Department of Aeronautics and Astronautics at the Massachusetts Institute of Technology and graduates of the MIT Sloan School of Management. Their team and business plan was the runner-up for the 2006 MIT $100K Entrepreneurship Competition.
Terrafugia, founded by individuals with backgrounds in aeronautical engineering from MIT's Department of Aeronautics and Astronautics and business management from MIT Sloan School of Management, was a finalist for the 2006 MIT $100K Entrepreneurship Competition.