Harvard Innovation Labs

Last updated
Harvard Innovation Labs
Industry Education
Founded2011;13 years ago (2011)
Headquarters
Boston
,
United States
Key people
Matthew M. Segneri
(executive director)
Thomas Eisenmann (faculty chair)
Website innovationlabs.harvard.edu

Harvard Innovation Labs (i-Lab) is an institution which aims to promote team-based and entrepreneurial activities among Harvard students, faculty, entrepreneurs, and members of the Allston and Greater Boston communities. [1]

Contents

The i-Lab has incubated more than 4,000 teams and early-stage companies ranging through various stages of the entrepreneurship lifecycle, and these companies have collectively raised over $7 Billion. [2]

Administration

Gordon Jones was named the inaugural director of the i-Lab in 2011. [3] Jodi Goldstein succeeded Jones in 2015 and served in the position through the 2019-20 academic year. Chris Colbert, the cousin of comedian Stephen Colbert, served alongside Goldstein from 2016 as the director of i-Lab until 2019. The current executive director of the i-Lab is Matthew M. Segneri who most recently served as director of the Social Enterprise Initiative at Harvard Business School before succeeding Goldstein in 2020. [4] Professor Srikant Datar serves as faculty chairperson. The i-Lab has approximately 14 administrative and support staff members. [5]

Facilities

The i-Lab is headquartered at 125 Western Avenue, Allston, MA 02163. The i-Lab occupies over 30,000 square feet of space divided into three areas: the lobby area which is open to the public, a multi-media lecture hall used to host RSVP events, and a flex-space open area for registered i-Lab residents. The i-Lab also has more than 20 reservable conference rooms and a stocked kitchen.

In 2014, the facilities were extended to include the Harvard Launch Lab, [6] a space for Harvard alumni to continue business incubation. Unlike the i-Lab, which is free for Harvard students, the Launch Lab functions on a pay-for-table model. In 2015, the Launch lab added an addendum facility to foster 35 more teams. [7]

Challenges

The i-Lab hosts several competitions open to students across the university ("Challenges"). The Challenges are similar to traditional business plan competitions in which teams submit proposals, give presentations, and are judged by a panel of experts. There are cash and in-kind prizes awarded to Challenge winners. Challenges at the i-Lab include:

Venture Incubation Program

The Venture Incubation Program (VIP) is open to full-time degree-seeking students and select alumni of any of the Harvard schools that are working on an entrepreneurial or innovative ventures. [10] The 12-week program has fall, spring, and summer cohorts. As of November 2018, 1,146 VIP student teams have participated. [11] In the first half of 2020, several VIP teams played significant roles in addressing the COVID-19 global pandemic, from making personal protection equipments (PPE) to providing key economic data for the Harvard COVID-19 Business Impact Center. [12] [13] [14] In February 2022, the Harvard Innovation Labs announced its largest-ever Venture Program cohort, with 628 ventures participating. [15] While the program does not provide funding to teams, it does provide them with:

Notable Companies

The following is an incomplete list of notable companies (Raised $100M+ in venture funding) that were incubated at the Harvard Innovation Labs [16]

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References

  1. ↑ "Take a tour of Harvard's i-Lab (Boston.com 02-19-2013)". The Boston Globe.
  2. ↑ "Top 10 Innovation Moments of 2023". Harvard Innovation Labs.
  3. ↑ "Harvard Innovation Lab Appoints Director (Xconomy 04-29-2011)".
  4. ↑ "Harvard University Appoints Matt Segneri New Executive Director of I-Lab - News - Harvard Business School". www.hbs.edu. Retrieved 2020-05-01.
  5. ↑ "Harvard Innovation Lab Website: Our Staff (i-lab.harvard.edu 06-16-2016)".
  6. ↑ "First look: Harvard's new Launch Lab, a home for alumni startups (betaboston.com 06-16-2016)".
  7. ↑ "First look: Harvard's Launch Lab turns one, adds space for 35 more alumni startups (betaboston.com 06-16-2016)".
  8. ↑ "10 finalists in President's Challenge".
  9. ↑ "Harvard i-lab honors student innovators - The Boston Globe". BostonGlobe.com. Retrieved 2021-11-17.
  10. ↑ "Venture Incubation Program – The Harvard Innovation Lab" . Retrieved 2016-09-29.
  11. ↑ "Apply for the i-Lab's Spring 2016 Venture Incubation Program". 2015-12-11. Retrieved 2016-09-29.
  12. ↑ "Two weeks of sleepless nights turn 3D card maker into PPE provider". Lovepop. Retrieved 2020-06-16.
  13. ↑ Library, HBS Baker. "Read emerging HBS faculty research and insights on COVID-19's impact on the economy". www.hbs.edu. Retrieved 2020-06-16.
  14. ↑ Library, HBS Baker. "Global Policy Tracker | Baker Library | Bloomberg Center | Harvard Business School". www.hbs.edu. Retrieved 2020-06-16.
  15. ↑ Green, Hannah (February 28, 2022). "Exclusive: Harvard's i-lab announces largest-ever venture program cohort". Boston Business Journal.
  16. ↑ "10 Years". Harvard Innovation Labs. Retrieved 2023-10-07.
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