What is ICI?

Innovate, Create, Initiate (ICI) is a competition designed to help and mentor aspiring young MIT entrepreneurs. The ICI workshop and competition aims to educate young prospective entrepreneurs on the process of creating a business venture from their engineering and technological ideas: developing a team, identifying opportunities, creating a business plan, researching the market, and raising funds. ICI will kickoff with a workshop on November 7 where each team will get a chance to work with a mentor who specializes in a field of study that matches that of the team's interests. With their mentor, participants will further develop their idea, get a preliminary plan on paper, perform team-building activities, and prepare a 1-minute “elevator pitch” of their idea to everyone.

After the workshop, students will continue to develop and refine their idea, finalize a business plan, and prepare a presentation to take place on November 21 in front of a panel of judges consisting of VC's, professors, entrepreneurs, etc . Each team will have 5-15 minutes to make a presentation, simulating a pitch in front of potential investors. The event will conclude with an award ceremony for outstanding teams, lunch, and a networking opportunity for students to connect with mentors and sponsors.

Judgement Day - Saturday, November 21, 2pm-4pm

Give a 10-15 minute presentation on your startup idea, supplemented with PowerPoint slides.
Prepare to discuss:

1. Market
2. Product or Service
3. Customers or Target Audience
4. Technology/Service/Innovation
5. Development Plan
6. Distribution Plan
7. Team
8. Competition
9. Financial Projections
10. Exit Strategy

Workshop - Saturday, November 7, 11am-3pm

Keynote Speaker
Team Dynamics
Product Design
Business Plans and Financing
Governance
Elevator Pitches

Questions?

Contact the SEBC Technology and Entrepreneurship Team at sebcteche09@mit.edu