I love that my alma mater, the MIT Media Lab, is supporting student entrepreneurs with a new investment fund that also gives back to the Institute.
Called the E14 fund, it gives successful Media Lab master's and PhD student applicants a six month runway to form teams, build products and launch companies.
Winners are given a stipend, guidance from business mentors, connection to venture capitalists and access to entrepreneurship resources from MIT.
20% of any returns beyond the initial investment is donated back to MIT as a gift.
What better way to learn about entrepreneurship than to get into the thick of it and just do it! Wish this had been around when I was back in Cambridge.
http://web.mit.edu/newsoffice/2013/media-lab-e14-fund-1023.html
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