What is MIT $100K
One competition – three independent contests – from September to May. MIT $100K Entrepreneurship Competition brings together students and researchers in the MIT community and outside to act on their talent, ideas and energy to launch tomorrow’s leading firms. The competition is run as a series of distinct contests – Pitch, Accelerate, and Launch. Each contest focuses on developing specific founding skills and for each contest MIT $100K brings together a network of resources – top venture capitalists, entrepreneurs, media exposure, mentors, educational guidance, networking. Finally over $350K in cash and prizes are awarded to help participants through the new venture construction process.
Pitch is about developing and delivering your business idea to impress investors? Think you can deliver it in 60 seconds? Practice your 60-second pitch in front of a qualified panel of judges and get immediate feedback on your idea and presentation.
Opens on Nov.12
Turn your idea into reality. Teams will work on creating a demo of their idea over December and January, and the best demos will present at the ACCELERATE Finale Show to a crowd of hundreds. The MIT $100K provides various resources and mentoring to help teams build their demos.
Opens on Feb.20
Launch is where it all comes together in preparation for funding and business creation. All entries into the Business Plan Contest will be eligible for more than $350,000 in cash and prizes to put toward their new venture. In addition, semi-finalist teams receive formal mentoring, and an expense account to refine your idea, and prepare to pitch to a group of judges in a simulated funding meeting. Of course, the winner of the competition gets a check for $100,000.
MIT $100K Tracks
Segal Family Foundation Emerging MarketsCreate transformational change in emerging markets through business. This track is for companies (for-profit or non-profit) addressing non-OECD countries, especially those in Africa, Latin America, South Asia, and Southeast Asia.
EnergyTurbo-charge the next generation of energy entrepreneurs to help solve the world’s energy challenge. Teams that enter the Energy Track should be working on technologies or business models that will affect the future of energy in the U.S. and/or abroad.
Life ScienceAdvance ideas and companies related to biotechnology, therapeutics, medical devices, biomaterials, healthcare IT, diagnostics and instrumentation.
MobileThe mission of the Mobile Track is to inspire new products and services that can be used to enhance our lives and productivity when we are on the go. Software or other services related to mobile phones, tablets, and other mobile devices fall in this track.
Products & ServicesThe mission of the Products & Services Track is to build businesses that satisfy pressing consumer and business needs, ranging from revolutionary building materials to the latest high-tech gadget.
Web / ITThe mission of the Web/IT Track is to make the lives of individuals and businesses better by offering IT and web-based solutions that meet their needs.
Creative ArtsCreative Arts track is for start-ups that have arts at their core. The business must create, integrate or promote the arts as a primary goal.
Learn more about MIT $100K – Our Mission, History and Organizing Team