Amar Gopal Bose, the founder of the company by the same name, has passed away at the age of 83.
Pioneer in resonance boxes
Bose studied sound and electrical engineering at the famed Massachusetts Institute of Technology (MIT) in Boston. After working at Philips in Eindhoven, he returned to the institute. He started working as a researcher and professor of acoustics in 1956. Although he only intended on staying on for two years, he would eventually work at MIT until 2001.
In the meantime he founded his company in 1964, together with Sherwin Greenblatt. It became the pioneer in small resonance boxes that could produce a rich sound. Today the company has 3,900 employees.
Innovation and not profit as goal
Bose always had a close connection with MIT, even after his retirement. In 2011 he even donated most of his shares of the company to the institute. The money they generate is being used for financing research and education.
MIT can also never sell the company. It also has no say in the policies of Bose or the way it is run. Bose never made making a profit one of his priorities. He said he only wanted to give the world something new.