WHAT IS THE MIT $100K?
One competition – three independent contests – from October to May. Now in its 31st year, the MIT $100K Entrepreneurship Competition has brought together students and researchers from across MIT and Greater Boston to launch their talent, ideas, and technology into leading companies.
The competition runs as series of distinct, increasingly intensive contests: Pitch, Accelerate, and Launch.
Each contest focuses on developing specific founder skills. For semi-finalists in Accelerate and Pitch, the MIT $100K brings together a network of resources, including mentorship from venture capitalists, serial entrepreneurs, corporate executives, and attorneys; media exposure; prototyping funds; business plan feedback; and discounted services. More than $300K in non-dilutive funding is awarded to accelerate these new ventures.
The MIT $100K returns for its 31st year, with the first of three competitions this year: PITCH!
In PITCH, finalists have 90 seconds to pitch their startup idea to a panel of judges and over 400 live audience members, all for the chance to win $5,000. No slides, just you and your idea.
In addition to the $5,000 Grand Prize, finalists will also compete for the $2,000 Audience Choice Award.
PITCH will be held on Tuesday, November 12th, at 7 pm in Wong Auditorium.
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 2020, 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.
MIT Launch is a comprehensive business plan competition in which teams compete to plan and prepare their venture for the marketplace. Semi-finalists are expected to present not just prototypes but full business plans. They receive funding and mentorship along the way, and finalists present onstage to a 2,000+ live audience from Cambridge, Boston, and beyond. The Grand Prize?
The MIT $100K Entrepreneurship Competition is not just a startup pitch competition for MIT students. Startups based in the Greater Boston area are also welcome to participate.
- Name:MIT $100K Entrepreneurship Competition
- Location:Boston, Massachusetts
- Apply URL:https://www.mit100k.org/apply
In addition to the over $300,000 worth of non-dilutive awards, this startup pitch competition also provides founders of contending startups mentorship from venture capitalists, media exposure, valuable feedback on their business plans, and discounts on different services to help them accelerate their startups’ growth.
So what are you waiting for? Take a step towards success. Team EntrepreneursBus wishes all the participating start-ups best of luck and may they succeed in the future.