Beginning with the founding of Arthur D. Little, Inc. in Cambridge in 1886, MIT alumni, faculty, and students have played key roles in launching thousands of companies worldwide, ranging from small, specialized high-tech operations to corporate giants such as Akamai, Genentech, Gillette, Hewlett-Packard, Raytheon, and Teradyne. Many of these companies have formed the cornerstone of new industries, including biotechnology, streamlined digital technologies, local computer networks, defense, semi-conductors, minicomputers, advanced computers, and venture capital.
The MIT $100K Entrepreneurship Competition (student group) is the leading business plan competition in the world. The competition was founded in 1990 to encourage students and researchers in the MIT community to act on their talent, ideas, and energy to produce tomorrow’s leading firms. Entirely student-managed, the competition has produced hundreds of successful ventures that have created value and employment.
The Deshpande Center was established at the MIT School of Engineering in 2002 to increase the impact of MIT technologies in the marketplace, and supports a wide range of emerging technologies including biotechnology, biomedical devices, information technology, new materials, tiny tech, and energy innovations. Since 2002, The Deshpande Center has funded more than 80 projects with over $9 M in grants. Eighteen projects have spun out of the center into commercial ventures, having collectively raised over $140 M in outside financing. Thirteen venture capital firms have invested in these ventures.
The MIT Entrepreneurship Center team provides content, context, and contacts that enable entrepreneurs to design and launch successful new ventures based on innovative technologies. The Center helps MIT students, alumni, and colleagues access an array of educational programs, networking opportunities, technologies, and resources, both at MIT and around the world. Members of the MIT E-Center community form a global network to actively advise and assist each other for mutual benefit, enabling them to set and meet their highest expectations.
The MIT Enterprise Forum builds connections to technology entrepreneurs and to the communities in which they reside. The Enterprise Forum produces a series of educational programs about entrepreneurship through a network of 24 worldwide chapters. The MIT Enterprise Forum is a community of volunteers sharing resources, knowledge, and a passion for entrepreneurship and wealth creation. The MIT Enterprise Forum collaborates with over 200 corporate and education organizations that connect technology entrepreneurs with resources which makes the commercialization of technology faster and easier.
The Legatum Center for Development and Entrepreneurship was founded on the belief that economic progress and good governance in low-income countries emerge from entrepreneurship and innovations that empower ordinary citizens. The Center administers programs and convenes events that promote and shape discourse on bottom-up development. The Center runs a highly competitive fellowship program for MIT graduate students who intend to launch enterprises in low-income countries. In addition, the Center convenes an annual conference, hosts lectures, and supports teams of enterprising men and women at MIT who are passionate about starting viable businesses in the developing world.
The Lemelson-MIT Program is dedicated to honoring the acclaimed and unsung heroes who have helped improve our lives through invention. The Program inspires and encourages great inventors through various outreach programs such as Lemelson-MIT InvenTeams, a non-competitive, team-based national grants initiative for high school students. The cornerstone of the Lemelson-MIT Program is a prestigious awards program that includes the $500,000 Lemelson-MIT Prize.
The MIT Venture Capital & Private Equity Club (VCPE) (student group) is focused on expanding the reach and effectiveness of our partners. VCPE’s mission is to provide its members with opportunities to learn about the venture capital and private equity industries, to interact with leading professional investors and business executives, and to develop relationships with members of the MIT community who share similar interests. The VCPE Club hosts a broad portfolio of activities which span venture capital, private equity, entrepreneurship, and the commercialization of MIT technologies. VCPE has established deep partnerships throughout MIT and with the local business and investing community, and have a proven track record of developing new projects, identifying and matching talent, and helping drive MIT-generated technology towards successful commercialization.