The MIT $100K ACCELERATE Contest is a new contest we launched this year. It’s all about execution, and we’ll be helping entrepreneurs turn their ideas into reality. Up to 25 teams with the most potential will be selected by the judges to go through to the ACCELERATE phase during IAP. These teams will receive $1,000 each to spend on their ideas, and we’ll pair them up with rockstar mentors and designers. We’ll also help them secure work space.
The teams will then spend IAP executing. This could include:
- Prototyping/Hacking
- Seeking customer validation
- Collecting data for proof of concept
- Rolling out a beta product
We’ll conclude with Demo Day on February 22, when the teams will get to showcase their ideas and progress. The team that does the best job of executing and shows the most potential will win the $10,000 Daniel M. Lewin Grand Prize!
This contest is for all tracks – Emerging Markets, Energy, Life Sciences, Mobile, Products & Services and Web/IT. Depending on your track, demos could include anything from proof of concept to market validation to an alpha/beta product.
Questions? Thought you might. Check out our FAQs.
