VMS is open to all members of the MIT community (students, faculty, staff and alumni) who have ideas and want to start new businesses. The MIT connection must be the "entrepreneur" of the venture and be active in the company as a founder/principal. In addition, the entrepreneur and the venture must both be based in the greater Boston area.
Through hands-on mentoring, VMS's entrepreneurs learn how to perfect their products and services, identify markets, build business organizations, and seek funding. Whatever their stage of development, all ventures are welcome.
Relationships between mentors and potential entrepreneurs are established on the basis of each entrepreneur's needs and preferences, and the interests of the available mentors. Entrepreneurs are assured impartial and unbiased advice by a code of ethics to which all mentors must adhere.