Invention and Engineering

High Voltage Engineering Corporation

High Voltage Engineering Corporation (HVEC) was an American manufacturer of particle accelerators and one of the first venture capital-backed startups. HVEC originated at MIT, where physicist Robert Van de Graaff invented a high-voltage electrostatic particle accelerator and his colleague John Trump miniaturized it for cancer radiotherapy. In 1946, Trump organized a company to manufacture these machines, recruiting Van de Graaff and Denis Robinson as co-founders. Production began in a Cambridge automobile garage. The company's early medical devices gave way to large research accelerators after the Sputnik crisis increased governments' investments in nuclear physics. For two decades, HVEC accelerators were the dominant platform for nuclear physics; in the 1970s, nearly 70 percent of experimental papers relied on HVEC machines. The company built 471 accelerators between 1946 and 1981. They were installed at hospitals, universities, and national laboratories in 30 countries, and some remain in active research use. Using these instruments, HVEC subsidiaries introduced new uses of accelerator beams. Ion Physics Corporation demonstrated that ion implantation could precisely control transistor characteristics, a technique now essential to integrated circuit fabrication. Electronized Chemicals Corporation developed methods to crosslink plastics with electron beams, producing the heat-shrink tubing now ubiquitous in electrical wiring. HVEC was one of the first two startups backed by the American Research & Development Corporation, the first modern venture capital fund. By 1960, it was the fund's most successful investment, and its returns helped demonstrate the viability of venture investing in start-ups. After federal science funding contracted in the late 1960s, HVEC ceased accelerator production and reorganized as a conglomerate. The company was taken private in 1988 and filed for bankruptcy in 2005.

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See also

• ▸History of the steam engine
• ▸74 Virginis
• ▸0-4-0+4

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