Wednesday, October 23, 2013
New MIT Media Lab fund for student entrepreneurs
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.