Carmichael bases Material Impact's strategy on his successful career as an entrepreneur-investor in materials, blending a unique business model of licensing university technology and commercializing it through targeted partnerships with Fortune 500 companies. His current investments includeSoft Robotics, Zero Mass Water, and Amastan Technologies. As a General Partner at North Bridge Venture Partners, Carmichael financed and built several successful companies that create innovative products by applying material science, including 1366 technologies, Foro Energy, and MC10. He also serves as co-founder and chairman of Diagnostics For All, a creative hybrid non-profit and for-profit business that is developing paper-based diagnostics for poor and rural populations in developing nations.