The MIT Entrepreneurship Center is one of the largest research and teaching centers at the MIT Sloan School of Management, the business and management school at the Massachusetts Institute of Technology. It was founded in the early 1990s and charged with the mission to develop MIT's entrepreneurial activities and interests in education and research, alliances, and the community.
The E-Center focuses on commercializing technologies that are invented by MIT students. To this end, the E-Center supports 1) the annual MIT $100K Entrepreneurship Competition, and 2) student groups called Innovation Teams. Both groups are designed to support internal MIT students by organizing resources relevant to entrepreneurship.
The Martin Trust Center is responsible for driving entrepreneurial education throughout MIT courses, as well as providing assistance to student entrepreneurs in the form of office resources, space, expert mentorship, and grants and awards.
The acting managing director of the center is Bill Aulet.[1]
The center was founded by entrepreneur and Sloan School faculty member Florence Sender and MIT Professor, entrepreneur, and venture capitalist Edward B. Roberts, a co-founder of Meditech, Zero Stage Capital, and Sohu.com among other companies.
The Martin Trust Center oversees the Patrick J. McGovern, Jr Award that recognizes excellence in entrepreneurship.[2]
Degree offerings
Among other degrees, the Center offers a Master of Business Administration (MBA). In 2006, MIT Sloan launched a new program for entrepreneurs within the MBA degree called Entrepreneurship & Innovation (E&I). In addition to the MBA awarded by the Sloan School, participants are awarded a Certificate in Entrepreneurship and Innovation from MIT.
The E&I option centers on starting and developing enterprises by bringing together students and faculty from across MIT's disciplines to build businesses around ideas and technologies. The program seeks to formalize MIT's long-standing and leading entrepreneurship offerings. E&I students benefit from a specialized weekly seminar for entrepreneurs which features a speaker series and a networking dinner. In addition, a one-week trip to Silicon Valley is coordinated in conjunction with the MIT Sloan MediaTech club.
Program participants apply to the E&I program as part of the MIT Sloan application process. Upon admission to the MBA program, they are then evaluated for admission to the E&I option.
In addition to the core curriculum required for all MBA students, E&I students must take additional entrepreneurship-oriented courses each semester following the first semester core. They must also attend the Silicon Valley Trek and participate in the MIT $100K Entrepreneurship Competition.
The Martin Trust Center oversees the Patrick J. McGovern, Jr ’59 Entrepreneurship Award. It is a Massachusetts Institute of Technology award given annually to a MIT student or MIT student team for significant contributions to the study and practice of entrepreneurship at MIT.[3] The award is named after the American businessman and MIT alum, Patrick Joseph McGovern.[4]
The Sloan School of Management at Massachusetts Institute of Technology is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world. MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school, including the Black–Scholes model, the Solow–Swan model, the random walk hypothesis, the binomial options pricing model, and the field of system dynamics. The faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners.
The Wharton School of the University of Pennsylvania is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. It is the world's oldest collegiate business school, established in 1881 through a donation from Joseph Wharton.
The Stanford Graduate School of Business is the graduate business school of Stanford University, a private research university in Stanford, California. For several years it has been the most selective business school in the United States, admitting only about 6% of applicants.
HEC Paris is a business school and grande école located in Jouy-en-Josas, a southwestern outer suburb of Paris, France. One of the best business schools in the world, and consistently ranked the best in Europe, it offers Bachelor, MiM, MSc in International Finance, MBA, EMBA, executive education, professional development, professional certification, and PhD programs.
Edward Baer Roberts was an American academic who was faculty member at the MIT Sloan School of Management. He became the David Sarnoff Professor of Management of Technology in 1974.
The Sloan Fellows program is the world's first mid-career and senior career master's degree in general management and leadership. It was initially supported by a grant from Alfred P. Sloan, the late CEO of General Motors, to his alma mater, MIT. The program was established in 1930 at the MIT Sloan School of Management. Later it was expanded to the Stanford Graduate School of Business (1957), and London Business School (1968). Considered to be one of the most prestigious management training programs in the world, it targets experienced leaders who have demonstrated success either within organizations, or independently as entrepreneurs. Notable alumni include Kofi Annan, former United Nations Secretary-General and Nobel Peace Prize Laureate, John Browne, Baron Browne of Madingley, former chairman and CEO of BP and member of the British House of Lords, and Carly Fiorina, former CEO of Hewlett-Packard.
The Martin J. Whitman School of Management is the business school of Syracuse University in Syracuse, New York. Named after Martin J. Whitman, an alumnus and benefactor of the school, the school was established in 1919. The Whitman School offers bachelor's, master's, and doctoral degrees, as well as executive degree programs.
The Olin Business School is the business school and one of seven academic schools at Washington University in St. Louis. The school offers undergraduate, master's, doctoral, and executive programs.
The Martin Tuchman School of Management is the business school of New Jersey Institute of Technology (NJIT), in Newark, New Jersey.
Saunders College of Business is one of eleven colleges at Rochester Institute of Technology and is accredited by the Association to Advance Collegiate Schools of Business International (AACSB). As of fall semester 2018, Saunders College of Business encompasses nearly 11% of RIT's enrollment, home to more than 2,000 undergraduate and graduate students enrolled in programs across RIT Global Campuses in Rochester, New York, Croatia, Dubai, Kosovo, and China.
Tsinghua University School of Economics and Management (清华大学经济管理学院) is the management school of Tsinghua University in Beijing, China. The school offers undergraduate, master, doctoral, and many executive education programs, with a total enrollment of more than 3,000 students.
The MIT $100K Entrepreneurship Competition is a student-managed business plan competition, where undergraduates and postgraduates from various programs and all levels at the Massachusetts Institute of Technology (MIT) organize and enter the competition. Teams must include at least one full-time MIT student, but membership is not limited to the MIT community. The competition is supported by the MIT Entrepreneurship Center at the MIT Sloan School of Management. Every year a total of $300,000 is distributed as non-dilutive grant money. Since 1990, over 160 companies have been started as a result of the competition, generating 4,600 jobs, receiving over $1.3 billion in follow-up venture capital funding and totaling a cumulative market value of over $15 billion.
The Tepper School of Business is the business school of Carnegie Mellon University. It is located in the university's 140-acre (0.57 km2) campus in Pittsburgh, Pennsylvania.
Bill Aulet is the Managing Director of the Martin Trust Center for MIT Entrepreneurship at MIT and Professor of the Practice at the MIT Sloan School of Management and MIT Sloan Executive Education. He is also the author of Disciplined Entrepreneurship: 24 Steps to a Successful Startup.
Asia School of Business(ASB) is a graduate business school in Kuala Lumpur. ASB offers MBA, EMBA and Master in Central Banking programs.
Católica Lisbon School of Business & Economics is a leading business school in Portugal. It is the business school of the Catholic University of Portugal, a concordatory university, and one of best European business schools according to the Financial Times located in Lisbon, Portugal. The first undergraduate program in management at Católica Lisbon was established in 1972, two years before the Carnation Revolution.
From 1978 to 2021 the MIT Enterprise Forum (MITEF) operated chapters in major cities in the U.S. and worldwide. The MIT Enterprise Forum was non-profit organization affiliated with the Massachusetts Institute of Technology (MIT) through MIT Technology Review. The chapters ran a range of events and programs targeted to help early-stage entrepreneurs, promote innovative technology to the general public. In the spring of 2021, MIT Technology Review, the parent and MIT Enterprise Forum, Inc (“Global”) notified the Chapters that MIT Technology Review decided to no longer support the Chapters of the MIT Enterprise Forum. In July 2021, the largest and flagship chapter of the MIT Enterprise Forum; the MIT Enterprise Forum of Cambridge subsequently renamed itself The eForum in order to continue its mission of helping early stage entrepreneurs succeed.
MIT Global Startup Workshop (MIT GSW) is an event organized by the Massachusetts Institute of Technology run by a student group in association with Martin Trust Center for MIT Entrepreneurship, the MIT Legatum Center for Development and Entrepreneurship, and the MIT Regional Entrepreneurship Acceleration Program (MIT REAP).
Martin Trust also known as Marty Trust was an American business magnate entrepreneur and philanthropist who was also known for his contributions to the economy of Sri Lanka by modernising the country's apparel industry. He is also known as the 'father of the modern Sri Lankan apparel industry', as he was instrumental in making the country one of the global leaders in the apparel industry. He is still regarded as one of the pioneers of American fashion retail sector. He died on 12 September 2019 at his home at the age of 84 in Boston, US.
Dame Fiona Elizabeth Murray is the Associate Dean for Innovation at the MIT Sloan School of Management. She is a member of the Prime Minister of the United Kingdom's Council for Science and Technology and Vice-Chair of the Board of Directors of the NATO Innovation Fund.
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