The MIT $100K Entrepreneurship Competition is a year-long educational experience designed to encourage students and researchers in the MIT community to act on their talent, ideas and energy to produce tomorrow’s leading firms. Now in its 20th year, the Competition has awarded hundreds of thousands of dollars in cash and business startup services to outstanding teams of student entrepreneurs who submitted business plans for new ventures showing significant business potential. The refinement process of the Competition, its network of mentors, investors and potential partners, and the cash prizes awarded have helped many of these teams to act on their dreams and build their own companies and fortunes.
The MIT $100K Entrepreneurship Competition provides teams who enter with valuable resources in the following areas crucial to successful entrepreneurship:
* Networks of world-class entrepreneurs, investors, and potential partners
* Mentorship by successful and seasoned professionals
* Education in specific business planning skills as well as general entrepreneurial insight
* Content rich feedback on their business model from world class entrepreneurs, investors, and professional service providers on our Judging Panel
* Teambuilding opportunities to create a winning team of founders
* Access to members of the private equity community
* Broad media exposure and PR buzz
Students from all five schools at MIT (Sloan, Engineering, Science, Humanities, and Architecture) at the undergraduate and graduate levels have entered and been successful in the Competition. Multi-disciplinary teams that combine members from technical disciplines with members from the Sloan School have proven the most successful competitors. These teams bring together the pieces necessary for making the bridge between technology and the marketplace. Their business plans are judged by a panel of experienced entrepreneurs, venture capitalists and legal professionals.
Tags: Business Plan Competitions