The user-friendly interface allows a customer to indicate interest in a listing, contact a buyer, ask for a lower price, or post a listing. The courses effectively brought together individuals with similar interests and complementary abilities to form teams to pursue an idea. For over a year, Sanergy has sustained operations in Nairobi, Kenya, processing four tons of waste daily and selling fertilizer to large farms.
Class projects laid the foundations for what would become competitive business plans. Sanergy grew from an idea in You need to test your business assumptions and push your thinking about the technology and risks. So, competitions give you more credibility because people can say, okay, many others have looked at this idea and vetted the idea.
Communicating ideas and inspiring support is a critical skill in multiple business sectors — and is a skill that competitors develop while writing and pitching their plans.
We did well locally in other competitions like the MassChallenge, and we were a regional finalist for the Cleantech open. With the app, a user may take photos from Facebook, edit them in Pixlr, and save them into a Microsoft Word document — all within the same secure Web browser.
For CoolChip, product and customer development has called for more expansive operations and a larger team of employees and consultants.
Following its participation in the CEP, Arctic Sand was invited to participate in multiple competitions, gaining access to publicity and more prize money. As they progress through early-stage development to the next stages of maturity, the focus of these companies is set squarely on demonstrating their products successfully, acquiring customers, and expanding their teams.
The club was conceived as a way to meet that need, and soon club co-founder Richard Shyduroff, who has taught an MIT seminar on technology startups for the last 20 years, suggested holding a contest.
Student groups are paired with faculty to design curricula and itineraries to investigate these issues. The role of competitions and the university environment is to provide a structured environment for unstructured pursuits; to provide a safe environment for exploratory endeavors; and to spawn well-equipped entrepreneurs who in turn spur innovative enterprises.
Still more events are organized by academic departments and research centers within MIT. This included introductions to a team of attorneys and to mentors such as Matt Forpy, founder of the One Acre Fund in Kenya. While not every competition plan turns into an enterprise, the competitions are equally instrumental to the development of individuals and teams who nurture ideas — that is, to the development of entrepreneurs.
In the products and services track, Cryoocyte pitched a new method to freeze fish eggs — a tricky operation that the team said may help rejuvenate fisheries if stocks collapse. Interestingly, neither of these won the top prize: CoolChip commercialized heat sink technology that offers the possibility of lowering cooling requirements and costs for large data centers, and won the CEP.
Collapse Study Tours Every year, three to four groups of students create trips that explore and seek to solve global issues, such as the business of education in West Africa, the evolving economy of Cuba, the creation of prosperity in Southeast Asia. Two teams pitched health-related business plans: A trove of resources… When the teams entered the competition arena, they gained access to a host of resources — mentors, publicity, practice developing and pitching ideas — that have proven instrumental to their development since leaving MIT.
FINSix is continuing with product development as well, demonstrating products to customers and aiming for a commercial release by next year.
After several weeks of coursework, students and their faculty leaders travel to the region to visit government, business, and non-profit leaders to deepen their understanding of these global challenges.
Annual treks include a tech trek to Silicon Valley, a health care trek around Boston, and the popular Japan Trek. These conferences bring business, government, and thought leaders from around the world together to share their insights with students and professionals.
Instead of having to carry around a laptop with all your saved files, you may be able to access those files from any computer with an Internet connection. Our students are leaders, thinkers, and doers and use the MIT campus — indeed, the world — as their playground for experimentation.
They lent me their time and their thoughts on the role played by the university infrastructure and business plan competitions in helping them build the businesses they lead today. The team continues to work towards utilizing collected waste for electricity generation, now producing power at a laboratory scale.
The team capped their presentation with the tagline: Also early in its growth, Arctic Sand is now developing an initial product for customer evaluation.
They took the next step and nurtured their ideas from a paper plan and a prototype or two to a full-fledged enterprise. IoVistaa finalist in the emerging markets track, presented a plan for a handheld device that quickly performs eye tests.
Akamai was a runner-up inand Silicon Spice was a finalist that year. For Sanergy, working outside the United States presents a unique set of challenges. For Sanergy, the prize winnings provided the capital the team needed to set up operations in Kenya.
From a team of two after the CEP, CoolChip now includes five full-time employees along with auxiliary personnel. The contest also sponsored several offshoots:Startup that eyes radical shift in cement industry wins MIT $K business-plan competition, now in its 20th year.
Jan 26, · As students at MIT, Lucchino and his team were eligible for the MIT K Entrepreneurship Competition. Entrants to the contest need only present a business plan; proof of concept helps, too. What is the MIT $K? One competition - three independent contests - from October through May.
For 29 years, the MIT $K Entrepreneurship Competition has been bringing together students and researchers from across MIT and Greater Boston to launch. MIT $K Entrepreneurship Competition Bringing together students and researchers from across MIT and Greater Boston to launch their talent, ideas, and technology into leading companies.
The competition is run as a series of distinct, increasingly intensive contests: Pitch, Accelerate, and Launch. By Kathryn O'Neill March 14, Two teams connected to MIT's System Design and Management Program (SDM) have been named semifinalists in the annual MIT $K Business Plan Competition, an event called "the granddaddy" of business-plan contests worldwide.
Oct 03, · Oct 3, The end of the spring semester at MIT heralded the close of another year of business plan competitions. In the wake of an exciting conclusion to the Clean Energy Prize (CEP), the $K Entrepreneurship Competition ($K), and the IDEAS Global Challenge, and looking ahead to the start of a fresh cycle, I thought I would follow-up with a few business plan competition alumni to .Download