MIT Entrepreneurship Center
Encyclopedia
The MIT Entrepreneurship Center is one of the largest research and teaching centers at the MIT Sloan School of Management
, the business and management school at the Massachusetts Institute of Technology
. It was founded in the early 1990s and charged with the mission to develop MIT's entrepreneurial activities and interests in education and research, alliances, and the community.
The E-Center focuses on commercializing technologies that are invented by MIT faculty and labs. To this end, the E-Center supports 1) the annual MIT $100K Entrepreneurship Competition
, and 2) student groups called Innovation Teams. Both groups are designed to support internal MIT faculty and labs by organizing resources relevant to entrepreneurship.
The E-Center does not offer resources to companies founded by MIT students, because its mission is focused solely on MIT faculty and labs. MIT students who wish to start their own companies are instead enouraged to contact MIT's Venture Mentor matching service.
The acting managing director of the center is William Aulet.
The center was founded by entrepreneur and Sloan School faculty member Florence Sender
and MIT Professor, entrepreneur, and venture capitalist Edward B. Roberts
, a co-founder of Meditech, Zero Stage Capital, and Sohu.com among other companies.
(MBA). In 2006, MIT Sloan launched a new program for entrepreneurs within the MBA degree called Entrepreneurship & Innovation (E&I). In addition to the MBA awarded by the Sloan School, participants are awarded a Certificate in Entrepreneurship and Innovation from MIT.
The E&I option centers on starting and developing enterprises by bringing together students and faculty from across MIT's disciplines to build businesses around ideas and technologies. The program seeks to formalize MIT's long-standing and leading entrepreneurship offerings. E&I students benefit from a specialized weekly seminar for entrepreneurs which features a speaker series and a networking dinner. In addition, a one-week trip to Silicon Valley
is coordinated in conjunction with the MIT Sloan MediaTech club.
Program participants apply to the E&I program as part of the MIT Sloan application process. Upon admission to the MBA program, they are then evaluated for admission to the E&I option.
In addition to the core curriculum required for all MBA students, E&I students must take additional entrepreneurship-oriented courses each semester following the first semester core. They must also attend the Silicon Valley Trek and participate in the MIT $100K Entrepreneurship Competition
.
The E&I option is led by Professors Ed Roberts, Fiona Murray, and William "Bill" Aulet.
MIT Sloan School of Management
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts....
, the business and management school at the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
. It was founded in the early 1990s and charged with the mission to develop MIT's entrepreneurial activities and interests in education and research, alliances, and the community.
The E-Center focuses on commercializing technologies that are invented by MIT faculty and labs. To this end, the E-Center supports 1) the annual MIT $100K Entrepreneurship Competition
MIT $100K Entrepreneurship Competition
The is one of the largest and most famous business plan competitions in the world. Entirely student-managed, students from all programs and levels at MIT organize and enter the $100K. Teams must include at least 1 full-time MIT student, but membership is not restricted to the MIT community...
, and 2) student groups called Innovation Teams. Both groups are designed to support internal MIT faculty and labs by organizing resources relevant to entrepreneurship.
The E-Center does not offer resources to companies founded by MIT students, because its mission is focused solely on MIT faculty and labs. MIT students who wish to start their own companies are instead enouraged to contact MIT's Venture Mentor matching service.
The acting managing director of the center is William Aulet.
The center was founded by entrepreneur and Sloan School faculty member Florence Sender
Florence Sender
Florence Sender is an American entrepreneur. She has founded or served as a director of a number of companies. Sender taught at the MIT Sloan School of Management and co-founded its MIT Entrepreneurship Center.-Career in business:...
and MIT Professor, entrepreneur, and venture capitalist Edward B. Roberts
Edward B. Roberts
Edward B. Roberts is an American technology writer and academic figure, and a high-tech entrepreneur and investor. His Entrepreneurs in High-Technology: Lessons from MIT and Beyond won the Association of American Publishers Award for Outstanding Book in Business and Management.Roberts is Founder...
, a co-founder of Meditech, Zero Stage Capital, and Sohu.com among other companies.
Degree offerings
Among other degrees, the Center offers a Master of Business AdministrationMaster of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
(MBA). In 2006, MIT Sloan launched a new program for entrepreneurs within the MBA degree called Entrepreneurship & Innovation (E&I). In addition to the MBA awarded by the Sloan School, participants are awarded a Certificate in Entrepreneurship and Innovation from MIT.
The E&I option centers on starting and developing enterprises by bringing together students and faculty from across MIT's disciplines to build businesses around ideas and technologies. The program seeks to formalize MIT's long-standing and leading entrepreneurship offerings. E&I students benefit from a specialized weekly seminar for entrepreneurs which features a speaker series and a networking dinner. In addition, a one-week trip to Silicon Valley
Silicon Valley
Silicon Valley is a term which refers to the southern part of the San Francisco Bay Area in Northern California in the United States. The region is home to many of the world's largest technology corporations...
is coordinated in conjunction with the MIT Sloan MediaTech club.
Program participants apply to the E&I program as part of the MIT Sloan application process. Upon admission to the MBA program, they are then evaluated for admission to the E&I option.
In addition to the core curriculum required for all MBA students, E&I students must take additional entrepreneurship-oriented courses each semester following the first semester core. They must also attend the Silicon Valley Trek and participate in the MIT $100K Entrepreneurship Competition
MIT $100K Entrepreneurship Competition
The is one of the largest and most famous business plan competitions in the world. Entirely student-managed, students from all programs and levels at MIT organize and enter the $100K. Teams must include at least 1 full-time MIT student, but membership is not restricted to the MIT community...
.
The E&I option is led by Professors Ed Roberts, Fiona Murray, and William "Bill" Aulet.