This alliance between the University of Cambridge and the Massachusetts Institute of Technology (MIT) was launched in 2000 at the instigation of the Chancellor of the Exchequer, Gordon Brown, and with funds from the Department of Trade and Industry. Its purpose was to support joint educational, research and outreach projects which, by improving of the knowledge exchange process between academia and industry, would impact on the UK economy's competitiveness, productivity and entrepreneurship. The projects of CMI, as it became known, focused on four areas: i) undergraduate education ii) professional practice programmes in innovation and entrepreneurship iii) integrated research and iv) a national competitiveness network for dissemination to other universities. Related projects, events and initiatives were further organised into broader programmes or activities, under headings such as Knowledge Exchange; SIKE (Study of Innovation in Knowledge Exchange); Education; and Knowledge Integration Community. Phase I ended in November 2006. From 2007, CMI moved away from large grant giving to focus on dissemination of the products of Phase I, consultancy and a regional partnership programme. CMI was wound up at the end of 2008. CMI had premises at 10 Miller's Yard, Cambridge. For information on its background, funding, remit and early organisation, see the Joint report of the Council and the General Board on the Cambridge-MIT Institute, published in Cambridge University Reporter on 1 March 2000, pp.491-5.