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Martin Trust Center overview - 2020
The document discusses the mission and approach of MIT's entrepreneurship center. It aims to teach entrepreneurship as a craft through proven frameworks, courses, programs and facilities. The goal is to help students become agile and learn skills applicable in various entrepreneurial roles. Key aspects include academic rigor, collaboration, diversity, experimentation, and combining academic and practical perspectives. The center supports the entrepreneurial journey from inspiration to acceleration through various programs, events, and infrastructure over the academic year and summer.
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Martin Trust Center overview - 2020
- 1. AGILE – NOT FRAGILE Helpingstudents learn the craft of entrepreneurship
- 2. At MIT, webelieve entrepreneurship is a craft that can be taught.
- 3. Our mission isto 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. We accept and welcome our leadership role to advance the field at MIT as well as globally.
- 4. We serve MITstudents, 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. Our goal is to help them become agile, not fragile.
- 5. Principles of operation MITStandard of Excellence & 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 across the Institute and beyond when appropriate. Diversity and inclusion 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.
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- 7. Spirit of a pirate Skills ofa Navy Seal +
- 9. Our many studentpersonas Explorer Founder Joiner Corporate Amplifier
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- 11. Hear abouteship explore eship Deepdive into eship Next steps FALL: Events JANUARY: Programs SPRING++: Classes, Projects, Programs, Competitions SUMMER: Projects, Programs
- 12. THE MTC4ME ENTREPRENEURSHIPRAMP 11 Inspiration: Idea, Technology Application: Extra-Curricular Acceleration: Fully Immersive Capstone Fundamentals: Classroom Exploration: Workshops, Grants, EIR’s
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- 21. Mit’s entrepreneurial legacy Over30,000 companies, 4.6M jobs, $2T revenue/y
- 22. Academics All taught withacademic and practitioner faculty wherever possible providing a rigorous/disciplined understanding and skill set About Entrepreneurship 15.360, Eship for eng, Venture Engineering, StartMIT Functional Skills Partial Portfolio Industry Partial Portfolio In Company Experience Partial Portfolio • Product design • Marketing • Sales • Finance • Fundraising • Legal • IP • HR • Sales • Corporate eship • Energy • Healthcare • BioTech • FinTech • Social* • Dev World* • Real Estate • Media • Hard tech • E-Lab • G-Lab • S-Lab • DE-Lab Foundational Skills Partial Portfolio • Founding & Teams • Strategy • Scaling • Advanced techniques Become an Entrepreneur 15.390, MIT fuse
- 23. Events Diane Green, CEO,Google’s Cloud Services division (former CEO, VM Ware) Prof. Bengt Holmstrom, Nobel laureate in Economics
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- 26. Infrastructure and agents KostaLigris MIT, 5 Start Ups, Co-Founder Stavvy, Lawyer Trish Cotter Doctorate, 2 Garage to IPO, Netezza Operations Elaine Chen MIT, 5+ Start Ups, Roboticist, Corporate Entrepreneurship Kit Hickey MIT, Co-Founder Ministry of Supply, Finance guru Will Sanchez MIT Ph.D., 2 startups, Telefonica & CIA Dip Patel MIT, Co-Founder Ecovent, Lockheed Martin Brint Markle MIT, Co-Founder Avatech / Mountain Hub, PE & Consulting
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- 28. IT TAKES AVILLAGE Team Professional Advisor Network + 200-300 volunteer mentors, speakers and mock board members every summer
- 29. MIT is justthe beginning
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- 32. The Experience forthe Student … 31 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”
- 33. Content* Success • External:Harvard, Yale, U Penn, U Colorado, UNC, Duke, McGill, Kings College, Scotland, Mexico, Copenhagen, Norway, Poland, Portugal, Turkey & many, many more * - “content” = frameworks, course content, facilities, advisory and processes IMF
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- 35. CORPORATE MEMBERSHIP PROGRAM “Ifound our organization’s funding spent to support the trust center to be not only the most enjoyable and interesting money spent understanding the Boston and MIT entrepreneurial ecosystem, but also the most productive.” THOMAS ANDRAE former Director, 3M New Ventures
- 37. 2019 2012 2013 2014 2015 2016 2017 2018 Academics Programs Events Infrastructure Outreach GSD EPD ITMCE EFT CI Summer accelerator EIR V1 Janmini accelerator Fintechchallenge EIR V3EIR V2 EIR V4 EIR V5 Orbit V1KB V1Zendeskv1Wiki ES Speakerseries Maker events Pitch events Zendeskv2 NYCSS V1 Beehive New space EEF KB V2 ZendeskV3