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Mark Lundstrom
Founder and CEO at Radia, Inc.
Mark Lundstrom is a serial entrepreneur and innovator who is currently the Founder and CEO of Radia, Inc., a company he established in 2016.2 With a background in aerospace engineering from MIT, Lundstrom has a history of applying aerospace techniques and technologies to various industries.2
Educational Background
Mark Lundstrom's educational journey is extensive and impressive:
- Bachelor of Science (S.B.) in Aero/Astro Engineering from MIT (1988-1991)
- Master of Business Administration (MBA) from MIT Sloan School of Management (1991-1993)
- Master of Science (S.M.) in Aero/Astro Engineering from MIT (1988-1993)
- Master of Philosophy (MPhil) in Economics from the University of Oxford (1993-1995), where he was a Rhodes Scholar12
Professional Experience
Lundstrom's career spans several industries and roles:
- Founder and CEO of Radia, Inc. (2016-present)
- CEO of BioScale (2002-2014)
- CEO and Founder of Ripcord Systems (1998-2001)
- Founder and Head of Design Center at Teledesic, LLC (1995-1998)
- Co-founder and VP Operations of Active Control eXperts (ACX) (1994-1998)1
Radia and GigaWind
At Radia, Lundstrom is focusing on the low-carbon energy transition and energy security.2 The company is developing a unique aerial transportation solution called WindRunner, designed to enable GigaWind - the deployment of larger onshore wind turbines to more locations.24 This innovation aims to deliver differentiated green electricity and green molecules at transformational prices.2
Achievements and Recognitions
- Holds over twenty patents2
- Selected by the World Economic Forum and Endeavor to be part of their Global Innovators Community and Global Entrepreneur Community in 20232
- Henry Crown Fellow at The Aspen Institute (2013-2015)1
- Served on the Board of Directors at MIT (1995-2000)1
- Lifetime member of the Council on Foreign Relations2
- Edmund Hillary Fellow of New Zealand2
Approach to Innovation
Lundstrom's approach to innovation focuses on combining existing technologies from different industries rather than creating entirely new technologies.3 He emphasizes the importance of understanding multiple industries and bringing together teams with diverse expertise to create innovative solutions.3
Mark Lundstrom's career demonstrates a consistent pattern of applying aerospace knowledge and techniques to various sectors, culminating in his current focus on revolutionizing the wind energy industry through Radia's GigaWind concept.