Congratulations to Winners of the 2007 $100K!
May 17, 2007
1:23 amThe grand prize winners of the $100K will ring the NYSE opening bell on Thursday, May 17. Congratulations and thank you to all our entrants and supporters for a great year!
- View the Press Release: pdf doc
- View the Archived Ceremony Video
- Winners Spotlight Page (MIT)
- NYSE Opening Bell Video
Get ready for the Fall $1K and the new Elevator Pitch Competition!
Spring 2007 $100K Final Awards Ceremony - Wednesday 5/16 7-9PM Kresge Auditorium
Please join us for the Spring 2007 $100K Final Awards Ceremony at MIT Kresge Auditorium on Wednesday, May 16 from 7-9PM. Come see what’s happening in the entrepreneurial ecosystem of MIT and cheer on your favorite teams!
- Keynote Speaker: Pete Nicholas, Chairman, Boston Scientific
- View the list of finalists and their public summaries (pdf)
- Parking Information: There will be free parking at MIT’s West Garage on 125 Vassar St.
- Can’t attend? Webcast Info
Don’t miss the event!
2007 $100K Finalists
Congratulations to the finalists of the Spring $100K competition!
- View the Press Release: pdf doc
- View the list of finalists and their public summaries (pdf)
Be sure to attend the $100K Final Awards Ceremony on May 16 to find out about the winners of the Spring $100K Competition!
Affordable Technology Entrepreneurship Workshop May 5 @ MIT
Q: Why are people in Southeast Asia smiling?
A: Because affordable solar is lighting the way to a better future.
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Welcome to Invention to Venture: Affordable Technology!
Workshop details and registration are available at www.invention2venture.org/affordabletech
What is it?
This daylong workshop focuses on technologies that improve the lives of people living in poverty; it is an introduction to the process and practice of technology entrepreneurship. Our goal is to engage a wide range of participants from the university community, including science and technology students and faculty, as well as members of the surrounding business community.
Invention to Venture: Affordable Technology is part of EurekaFest, a multi-day celebration designed to empower a legacy of inventors through activities that inspire youth, honor role models, and encourage creativity and problem solving. Presented by the Lemelson-MIT Program and partners, the first-annual EurekaFest will celebrate the inventive spirit from May 2 to 5, 2007, in Boston and Cambridge, Mass.
http://web.mit.edu/invent/eurekafest.html
Where is it?
Stata Center (32-155), Massachusetts Institute of Technology, Cambridge, Massachusetts
When is it?
Saturday May 5th, 2007, 9:30 a.m.-3:30 p.m.
Presented by the National Collegiate Inventors and Innovators Alliance and the Lemelson-MIT Program.
Workshop details and registration are available at www.invention2venture.org/affordabletech
Scholarships easily available.
For more information, contact Joshua Schuler/Lemelson-MIT Program (617) 452-2146 or email jschuler@mit.edu
Semi-finalists of the $100K
Congratulations to the semifinalists of the Spring $100K competition!
- View the Press Release (doc)
- View the list of semifinalists and their public summaries (pdf)
- Watch the ceremony video
Any thoughts or impressions?
Spring $100K Semi-Final Awards Ceremony and Webcast - 3/20 7PM
Join us for the Spring 2007 $100K Semi-Final Awards Ceremony in the Stata Center’s Kirsch Auditorium (32-123) from 7-9PM on Tuesday, March 20.
If you want a preview of what to expect, check out videos from past ceremonies!
Thoughts and impressions? Leave a comment!
For those unable to attend, the ceremony will be webcast live. You can play the webcast at the following links:
RealPlayer software is required to view the streaming content. For help, click here.
Important Points
There are two very important points I would like to make regarding the competition.
1) If a team receives any outside funding before the competition ends, it must withdraw from the competition. From the entry kit:
Teams that have already secured arrangements for capital from any source must disclose the amounts and sources clearly in their entries. Past entrants have generated capital while in the Competition in the form of sales revenues or contracts, research grants, and personal or family funds. Ventures that have received outside investment from venture capital firms, private investors, or industry sources may be considered ineligible to compete.
2) We take confidentiality very seriously. Your secret sauce will not be released through the $100K process, and to my knowledge we have never had an issue with a prior team complaining about information leakage. This is the process:
We gather all of the executive summaries immediatly after the deadline. These executive summaries are bound in booklets and separated for the judges based on their expertise. The booklets are FedExed to the individual judges for review, and they bring them to the judging session. The judging organizers gather all of the booklets and we shred the plans.
It is up to you to disclose the information you want to be public. The first text box on the entry system is called the “Public Summary.” You choose what to include here, but please know that this public summary is just that - public.
Please let me know if you have any questions or concerns about the above.
And remember to submit by Wednesday!
Good Luck,
Karina
Pitch and Polish - 2/22
Be ready when you are announced as a winner!
A good pitch is a “must-have” for any entrepreneurial endeavor. It
takes practice, practice, and more practice to cover just enough of
the critical information to interest anyone you might meet, and
particularly anyone you might want to meet with.
Our panel of investors, entrepreneurs, and advisors will help you
perfect your pitch before you have to give it for real. You will
practice before a live audience, and receive live feedback.
As one past participant said: “Working on our pitch was a great way to
hone in on the important elements of our Executive Summary and
Business Plan”
Interested? You will get your chance to practice your pitch NEXT
THURSDAY 2/22 from 7-9PM at the MIT $100K Pitch and Polish event in
rooms E51-145, E51-149, E51-151.
Please email 100k-mentors-team@mit.edu ASAP with:
* Your team name
* A short description of your business idea
And we will get back to you with your time slot.
Please let us know if you have any questions!
January Announcements
Hello Entrants,
We hope you are enjoying the IAP break and are using this time to work on your $100K submission plans. Our kickoff will be held February 8th at 7 PM in Kirsch (32-123). During this presentation, we will cover the semester events in greater detail. Remember: the $100K submission deadline is February 28th!
There are a few activities and other things we would like you to know about:
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The Deshpande Center for Technological Innovation will be hosting its 2007 IdeaStream Symposium at the Sheraton Boston on April 12, 2007. A popular invitation-only event, this years IdeaStream will once again showcase MIT technology and connect prominent MIT innovators, VCs and entrepreneurs.
This years IdeaStream will feature an Innovation Showcase panel in the afternoon. Each session of the Innovation Showcase will feature 4-6 students or faculty members who believe they have a marketable innovation. Presentations will be 10 minutes in length and will be followed by a 5 minute Q&A session moderated by the session chair.
We would like to invite you to submit a proposal for consideration of participation in an Innovation Showcase panel. Participants will be selected by the Deshpande Center. If you are interested in this opportunity, we welcome you to submit your proposal by March 1, 2007. Participants will be notified on March 8, 2007 if they have been chosen to participate.
The application form can be downloaded on our website at: http://web.mit.edu/deshpandecenter/ideastream2007/showcase.html
Please submit the completed application electronically to innovationshowcase@mit.edu. Alternately, you may fax completed proposals to 617-253-8442.
IdeaStream 2007 is sure to spark a meaningful exchange of ideas between faculty, students and the industry about cutting edge innovations that are likely to have the biggest impact in the marketplace in the next 2-3 years. We hope you can be a part of it.
For more information about the IdeaStream Symposium, please visit: http://web.mit.edu/deshpandecenter/ideastream2007/index.html
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Executive Summary submissions are due to bizcreation@neeic.org by January 22nd!
The New England Energy Innovation Collaborative (www.neeic.org) is a regional initiative that aims to connect local academic, business, financial, venture, and government leaders to unite the regions energy community and to foster innovation, entrepreneurship and economic growth.
As part of this initiative, we have launched a $150,000 energy business creation competition with executive summaries due January 22, 2007.
If you have any questions, please contact me or visit the NEEIC website: www.neeic.org.
Competition Overview:
Executive summary submissions are due by January 22nd and the finalist will be announced at the MIT Energy Conference March 10th, 2007.
The winning team gets:
$100,000
In kind PR services
In kind legal services
Media attention and formal award presented at MIT Energy Conference March 10th, 2007
Mentorship from three leading venture capitalist firms in New England
Submission Requirements are:
? Must have a proprietary innovative energy technology or an innovative services business model
? Must be willing to launch the company in New England
? Must not already be venture capital financed
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A Panel Discussion on University-Based Startups
Hosted by: Goodwin Procter
When: Thursday, February 1, 2007, 6:00 PM
Where: Goodwin Procter
Exchange Place
53 State Street
Boston, MA
The Yale Entrepreneurial Society and Goodwin Procter invite you to meet with Yale students and alumni and members of the Boston-area business and technology communities for an evening of networking and a panel discussion on university-based startups. Our panel features several prominent guests from both the Yale and Boston communities who will share their experience and knowledge about university-based startups from a variety of perspectives.
Please pre-register online at http://www.eventbrite.com/event/42925391 by January 25, 2007
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Brontes Technologies, a start-up recently acquired by 3M Company, and a former 100K finalist is looking to expand its world-class engineering team. We currently have openings for talented software and hardware engineers to launch a revolutionary 3D imaging product. Please go to our website learn more about us and peruse our current job openings.
www.brontes3d.com
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Dr. Sushil Bhatia, successful inventor, will be hosting an IAP workshop on January 25. Check out the IAP page for more details.
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Financial Questions for 2007:
How does the emerging global marketplace affect financial opportunities available to a business?
Will this be the year that the “backlog” of liquidity finally gets invested?
How does one capitalize on this trend?
What are the best of the alternative investment opportunities besides the public markets?
These and other financial answers can be found at “Financial Markets: Outlook 2007″ presented by the MIT Enterprise Forum on Thursday, January 25, 2007.
Tickets are $25 for members and $35 for non-members in advance; $40 for all at the door. Free admission for full-time students with a valid ID. Register at http://mitenterpriseforum.org
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New England based self-, angel-, and VC-backed companies that are
utilizing the web in innovative ways can apply to be featured at the
Brave New Web Conference hosted by the MIT Enterprise Forum of
Cambridge on February 7, 2007
The upcoming MIT Enterprise Forum of Cambridge Brave New Web
conference on February 7, 2007 will include a “Demo Lunch” where local
web startups will have an opportunity to present their service to
attendees. The Demo Lunch committee will select a set of seven
startups whose business model integrates pioneering use of the next
generation web, and offer them a forum during the lunch session. Each
selected company will receive a table in a designated area adjacent to
attendees lunch seating and the opportunity to walk through live
demonstrations of their offering or service. There is no fee for the
selected companies to participate in the Demo Lunch.
Apply at http://www.mitforumcambridge.org/ww07/DemoLunch.html.
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See you in a few weeks!
Your $100K Organizing Team
2007 MIT $100K Spring Kickoff - Thursday 2/8
The kickoff for the 2007 Spring $100K Competition will be held on Thursday, February 8 at 7:00PM in the Kirsch Auditorium (32-123) featuring a keynote by:
Micah Rosenbloom,
COO/Co-Founder, Brontes Technologies
Please be sure to attend! $100K Entry Kits will also be made available around that time.
