Accelerate is the second event of the MIT $100K. As its name suggests, Accelerate helps early-stage teams build out their ideas with the support of industry experts and experienced entrepreneurs.
Starting in Winter 2019, MIT Accelerate will serve to highlight the progress that MIT-founded businesses have made throughout the year. All companies, including those involved in other MIT accelerators, are encouraged to apply for the chance to introduce their business to the broader entrepreneurial community
The culminating event will be held in the MIT Media Lab on Tuesday, February 12th
30 teams will set up booths in the broader reception area where students, investors, and business professionals will be invited to engage with the companies
10 teams will be chosen to also introduce their business to the audience through an on-stage presentation
Throughout the event, all attendees will be given a token that can be used to vote for the audience choice award, the winner of which will receive $10,000 in non-dilutive funding to use at their discretion
In addition, three teams with the highest number of audience votes will be automatically entered into the semi-finals of MIT $100K Launch 2019
In addition to the opportunity to promote their business, participants will receive mentorship and financial support as needed to help develop marketing materials for the event and facilitate further growth:
Up to $1,000 in funding will be given to each team (as needed)
Each team can be paired with a graphic designed to help develop professional-level promotional materials (upon request)
Teams can also be paired with industry-specific professional for broader mentorship and business planning (as needed and given availability)
Teams must have an MIT-affiliated co-founder and must not have received equity funding outside of the founding team or non-equity funding in excess of $150,000.
There are countless startups in the MIT community and tremendous opportunities for support from the broader university; $100K Accelerate aims to highlight the progress and success of MIT’s wonderful entrepreneurial ecosystem.