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MIT’s Entrepreneurship Legacy
Over 30K companies, 4.6M jobs, $2T revenues/yr
At MIT, we believe entrepreneurship
is a craft that can be taught
Mission of Trust Center
At the Martin Trust Center for MIT Entrepreneurship, our mission
is to advance knowledge and educate students in innovation-
driven entrepreneurship, in a manner that will best serve the
nation and the world in the 21st century.
The focus of our education is for MIT students to whom we
provide proven frameworks, courses, co-curricular programs, state
of the art facilities, advisory services and processes to create a
rigorous, practical, customized and integrated experience.
We accept and welcome our leadership role to advance the field
at MIT as well as globally.
Principles of Operation
MIT Standard of Excellence and Rigor:
We provide the highest quality education, advising, and
practical experiences.
Collaboration:
We work closely with other MIT departments, labs,
centers, and groups to connect students with the
best entrepreneurship programming acorss the
Instititute and beyond when appropriate.
Diversity:
Entrepreneurship requires diversity of opinion and
diversity of people. Throughout our courses,
advising, and programming, we combine a range of
critical perspectives.
Experimentation:
Each year we try new programs and activities. If we
fail, we learn. We don’t expect everything to work
the first time; if they all do, we are not innovating
enough.
Honest Broker:
First, neither the Center nor its faculty or staff are
allowed to take a financial interest in any of the new
companies that we nurture and assist. Second, we
strive to always provide our students with multiple
options and educate them on the process to make an
informed decision. The choice always rests with the
student. The Center will work to create a level
playing field for the options. Our only goal is the
student’s entrepreneurship education and long-term
entrepreneurial success.
Mens et Manus:
True to the motto of MIT, in all of our courses and
throughout our activities, we operate on a hybrid
model that fuses academic and practitioner
perspectives.
We help create entrepreneurs,
not companies.
Program Pillars
Heart: Mindset
Head: Knowledge
Hands: Capability
Home: Community
Customer (Student) Personas
Exploratory/
Curious
Ready-
to-Go
RTG - 1 Entrepreneurship
Amplifier
Corporate
Entrepreneur
Interested but has
no driving idea or
team … in explor-
atory mode …
starts here but will
migrate to another
state or out of
entrepreneurship.
Chomping at the
bit and just wants
help to get going
… has idea, tech,
and / or core of
team.
Wants to be in a
startup but does
not want to be a
founder.
Interested in under-
standing enough to
successfully promote in
their organization (e.g.,
gov, corp, family
business), but is not the
direct venture-creating
entrepreneur.
Wants to be an
entrepreneur in a
large organization.
9
The MTC4ME Entrepreneurship Ramp
10
Inspiration:
Idea,
Technology
Application:
Extra-Curricular
Acceleration:
Fully Immersive
Capstone
Fundamentals:
Classroom
Exploration:
Workshops,
Grants, EIR’s
The Experience for the Student …
11
Sept
Demo Day
(Sat)
“Yes I Can!”
then
T=0 Festival
(M-Th)
Getting
started
Fall
Low Friction
Events,
Classes,
Clubs
“Increasing
exposure”
IAP
FUSE,
StartMIT,
$100K Pre-
Accelerator
Treks,
Internships
“Starting
to commit”
Spring
More
Advanced
Classes,
Competitions,
Ind. Studies,
Services
“In the race”
Summer
delta v
Accelerator,
Plus other
Full
commitment
options
“Full
immersion –
all in for
summer”
12
13
14
15
17
Academics
About Entrepreneurship
15.360, FJ, VE, StartMIT
Become an Entrepreneur
15.390, MIT fuse
Skills
Partial Portfolio
Industry
Partial Portfolio
In Company Experience
Partial Portfolio
• Strategy
• Finance
• Fundraising
• Legal
• IP
• Product Dev
• Marketing
• HR
• Sales
• Scaling
• Energy
• Healthcare
• BioTech
• FinTech
• Social*
• Dev World*
• Real Estate
• Media
• E-Lab
• G-Lab
• S-Lab
• DE-Lab
All taught with academic and practitioner faculty wherever possible
providing a rigorous/disciplined understanding and skill set
Programs
Student Clubs
Events
Diane Green, CEO, Google’s Cloud
Services division (former CEO, VM Ware)
Prof. Bengt Holmstrom,
Nobel laureate in Economics
Carolyn Tisch Blodgett,
SVP and Head of
Global Brand Marketing, Peloton
Infrastructure & Agents
Orbit.mit.edu
Nick Meyer
MIT, 5 Start Ups,
YC alum, hipster
Trish Cotter
Doctorate, 2
Garage to IPO,
Netezza
Operations
Elaine Chen
MIT, 5+ Start Ups,
Corporate,
Hardware /
Software/ Mfg
Kit Hickey
MIT, Co-Founder
Ministry of
Supply, Finance
guru
Will Sanchez
MIT Ph.D., 2
startups,
Telefonica and
CIA
Founder dating
Job posting
Knowledgebase
Community
EIR office hours
Deals and more
It takes a village
Content* Success
• External: Harvard, Yale, UPenn,
UColorado, UNC, Duke, McGill, Kings
College, Scotland, Mexico,
Copenhagen, Norway, Poland & many,
many more
19 languages & growing
* - “content” = frameworks, course content, facilities, advisory and processes
Beyond startups:
Corporate Entrepreneurship
The Growing MIT Innovation and
Entrepreneurship Ecosystem
MIT is just the beginning
Universities
Corporates
Co-working
spaces
Mentors
Entrepreneurs
Investors
Incubators /
acceleratorsInfra-
structure
Govern-
ment
Martin Trust Center for MIT Entrepreneurship - Campus Family Weekend 2018

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Martin Trust Center for MIT Entrepreneurship - Campus Family Weekend 2018

  • 1. 1
  • 2.
  • 3. MIT’s Entrepreneurship Legacy Over 30K companies, 4.6M jobs, $2T revenues/yr
  • 4. At MIT, we believe entrepreneurship is a craft that can be taught
  • 5. Mission of Trust Center At the Martin Trust Center for MIT Entrepreneurship, our mission is to advance knowledge and educate students in innovation- driven entrepreneurship, in a manner that will best serve the nation and the world in the 21st century. The focus of our education is for MIT students to whom we provide proven frameworks, courses, co-curricular programs, state of the art facilities, advisory services and processes to create a rigorous, practical, customized and integrated experience. We accept and welcome our leadership role to advance the field at MIT as well as globally.
  • 6. Principles of Operation MIT Standard of Excellence and Rigor: We provide the highest quality education, advising, and practical experiences. Collaboration: We work closely with other MIT departments, labs, centers, and groups to connect students with the best entrepreneurship programming acorss the Instititute and beyond when appropriate. Diversity: Entrepreneurship requires diversity of opinion and diversity of people. Throughout our courses, advising, and programming, we combine a range of critical perspectives. Experimentation: Each year we try new programs and activities. If we fail, we learn. We don’t expect everything to work the first time; if they all do, we are not innovating enough. Honest Broker: First, neither the Center nor its faculty or staff are allowed to take a financial interest in any of the new companies that we nurture and assist. Second, we strive to always provide our students with multiple options and educate them on the process to make an informed decision. The choice always rests with the student. The Center will work to create a level playing field for the options. Our only goal is the student’s entrepreneurship education and long-term entrepreneurial success. Mens et Manus: True to the motto of MIT, in all of our courses and throughout our activities, we operate on a hybrid model that fuses academic and practitioner perspectives.
  • 7. We help create entrepreneurs, not companies.
  • 8. Program Pillars Heart: Mindset Head: Knowledge Hands: Capability Home: Community
  • 9. Customer (Student) Personas Exploratory/ Curious Ready- to-Go RTG - 1 Entrepreneurship Amplifier Corporate Entrepreneur Interested but has no driving idea or team … in explor- atory mode … starts here but will migrate to another state or out of entrepreneurship. Chomping at the bit and just wants help to get going … has idea, tech, and / or core of team. Wants to be in a startup but does not want to be a founder. Interested in under- standing enough to successfully promote in their organization (e.g., gov, corp, family business), but is not the direct venture-creating entrepreneur. Wants to be an entrepreneur in a large organization. 9
  • 10. The MTC4ME Entrepreneurship Ramp 10 Inspiration: Idea, Technology Application: Extra-Curricular Acceleration: Fully Immersive Capstone Fundamentals: Classroom Exploration: Workshops, Grants, EIR’s
  • 11. The Experience for the Student … 11 Sept Demo Day (Sat) “Yes I Can!” then T=0 Festival (M-Th) Getting started Fall Low Friction Events, Classes, Clubs “Increasing exposure” IAP FUSE, StartMIT, $100K Pre- Accelerator Treks, Internships “Starting to commit” Spring More Advanced Classes, Competitions, Ind. Studies, Services “In the race” Summer delta v Accelerator, Plus other Full commitment options “Full immersion – all in for summer”
  • 12. 12
  • 13. 13
  • 14. 14
  • 15. 15
  • 16.
  • 17. 17
  • 18.
  • 19. Academics About Entrepreneurship 15.360, FJ, VE, StartMIT Become an Entrepreneur 15.390, MIT fuse Skills Partial Portfolio Industry Partial Portfolio In Company Experience Partial Portfolio • Strategy • Finance • Fundraising • Legal • IP • Product Dev • Marketing • HR • Sales • Scaling • Energy • Healthcare • BioTech • FinTech • Social* • Dev World* • Real Estate • Media • E-Lab • G-Lab • S-Lab • DE-Lab All taught with academic and practitioner faculty wherever possible providing a rigorous/disciplined understanding and skill set
  • 22. Events Diane Green, CEO, Google’s Cloud Services division (former CEO, VM Ware) Prof. Bengt Holmstrom, Nobel laureate in Economics Carolyn Tisch Blodgett, SVP and Head of Global Brand Marketing, Peloton
  • 23. Infrastructure & Agents Orbit.mit.edu Nick Meyer MIT, 5 Start Ups, YC alum, hipster Trish Cotter Doctorate, 2 Garage to IPO, Netezza Operations Elaine Chen MIT, 5+ Start Ups, Corporate, Hardware / Software/ Mfg Kit Hickey MIT, Co-Founder Ministry of Supply, Finance guru Will Sanchez MIT Ph.D., 2 startups, Telefonica and CIA Founder dating Job posting Knowledgebase Community EIR office hours Deals and more
  • 24. It takes a village
  • 25. Content* Success • External: Harvard, Yale, UPenn, UColorado, UNC, Duke, McGill, Kings College, Scotland, Mexico, Copenhagen, Norway, Poland & many, many more 19 languages & growing * - “content” = frameworks, course content, facilities, advisory and processes
  • 27. The Growing MIT Innovation and Entrepreneurship Ecosystem
  • 28. MIT is just the beginning Universities Corporates Co-working spaces Mentors Entrepreneurs Investors Incubators / acceleratorsInfra- structure Govern- ment