MIT $100K: 3 contests. Join at any stage. Dream big. Create. Win.
What is MIT $100K
One competition – three independent contests – from September to May. MIT $100K Entrepreneurship Competition brings together students and researchers in the MIT community and outside to act on their talent, ideas and energy to launch tomorrow’s leading firms. The competition is run as a series of distinct contests – Pitch, Accelerate, and Launch. Each contest focuses on developing specific founding skills and for each contest MIT $100K brings together a network of resources – top venture capitalists, entrepreneurs, media exposure, mentors, educational guidance, networking. Finally over $350K in cash and prizes are awarded to help participants through the new venture construction process.
Pitch is about developing and delivering your business idea to impress investors? Think you can deliver it in 60 seconds? Practice your 60-second pitch in front of a qualified panel of judges and get immediate feedback on your idea and presentation.
Opens on Nov.12
Turn your idea into reality. Teams will work on creating a demo of their idea over December and January, and the best demos will present at the ACCELERATE Finale Show to a crowd of hundreds. The MIT $100K provides various resources and mentoring to help teams build their demos.
Opens on Feb.20
Launch is where it all comes together in preparation for funding and business creation. All entries into the Business Plan Contest will be eligible for more than $350,000 in cash and prizes to put toward their new venture. In addition, semi-finalist teams receive formal mentoring, and an expense account to refine your idea, and prepare to pitch to a group of judges in a simulated funding meeting. Of course, the winner of the competition gets a check for $100,000.