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Excerpt from the Wall Street Journal Online, 6/2009
Now in its 20th year, the MIT $100K Entrepreneurship Competition has set the standard for cultivating student entrepreneurship and building successful startup companies. To date, the $100K has launched 120+ companies, including major success stories Akamai and Harmonix, with market cap in excess of $12.5 Billion. The competition distinguishes itself by offering more prize money, networking opportunities, and mentorship to participants than any other student contest. And with 260 submissions across six industry tracks—Development, Energy, Life Sciences, Mobile, Products & Services, and Web/IT—the $100K has demonstrated that entrepreneurship is alive and well despite it being a recession year.
Recognizing the contributions of the MIT $100K Competition, Governor Deval Patrick of the Commonwealth of Massachusetts proclaimed May 13th—the date of the $100K Grand Finale—as “Entrepreneurship at MIT” Day.
Grand Prize Winner and Audience Choice Award
This year’s Grand Prize Winner and recipient of $100,000 was Ksplice, which has developed non-disruptive operating system updates so that you can achieve better security and reliability with lower maintenance costs. Says Ksplice COO Waseem Daher, “You know those annoying,’You must reboot to install new updates’ pop-ups? We make those obsolete.”
The Audience Choice Award Winner was Global Cycle Solutions (GCS). GCS develops and sells affordable, cost-effective solutions in the form of bicycle peripherals, which allow rural villagers in developing countries to earn extra income and significantly boost productivity…
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More Press:
- Possible in Italy? Our Judging Lead Francesco Renzo writes a guest column about the $100K on “Italians,” blog of renowned Italian journalist Beppe Severgnini who is serving as a writer-in-residence at MIT. English Translation here. 11/18/09
- Governor Patrick Announces $1 Million Business Plan Competition to Draw Startups to Massachusetts, by Wade Roush, Xconomy, 6/10/09
- Breaking Down the MIT $100K Field, by Brendan Lynch, Mass High Tech, 5/29/09
- Behind the Scenes of the MIT $100K Competition: Leveraging 20 Years of History in 6 Months, by $100K Co-Managing Directors Brian Cantwell and Sombit Mishra, Xconomy, 5/19/09
- Back to Work and Flipping Cheeseburgers—A $100K Winner’s Tale, by Waseem Daher of Ksplice, Xconomy, 5/18/09
- Husk Insulation Wins $200,000 MIT Clean Energy Prize: Building Better Refrigerators from Rice Husks, by Wade Roush, Xconomy, 5/13/09
- Ksplice wins $100,000 Prize in MIT Start-up Contest, by Lance Whitney, CNet, 5/14/09
- From the $100K Managing Directors, by Brian Cantwell and Sombit Mishra, MIT Sloan Fifteen, 4/14/09
