He teaches about innovation, both for individuals and large organizations, with a model based on “entrepreneurial ecosystems” and key stakeholders (including Governments and Corporates). His focus is on innovation for ‘executive’ practitioners, whether in the private or public sectors, and whether full time (eg MIT’s Executive MBA) or ‘customized’ (through MIT’s Executive Education programs).
On MIT’s campus, he co-teaches a course on innovation ecosystems, Regional Entrepreneurship Acceleration Leaders (REAL), combining academic and real-world perspectives on how different stakeholders (including policymakers) can contribute to building successful ecosystems. He is also part of the faculty team that teaches the global Regional Entrepreneurship Acceleration Program (REAP) to regions from around the world (from London to Lagos). Phil is currently on leave from the British Government.
In the fall of 2012, while a Visiting Scholar at MIT, Budden undertook a project on entrepreneurship for the British Prime Minister's office at No 10 (and UK Trade and Investment) to inform the UK's Entrepreneurs Campaign. From 2007 until 2012, he had served as the British consul general to New England. As consul general, he had responsibility for transatlantic business affairs including trade and investment, politics and policy issues, as well as science and innovation, leading him to an abiding interest in innovation and entrepreneurship. He moved the British Consulate to One Broadway (aka E70) to be closer to MIT Sloan and the Cambridge Innovation Center.
Budden had joined the British Foreign Office in 1993. His first ten years as a diplomat focused on Britain's membership of the European Union and its key economic and technology policies. His second decade was spent in the US: first at the British Embassy in Washington (focused on transatlantic economic and business issues including technology security, international science and innovation links, and trade policy), and later based in Boston as Her Britannic Majesty's consul general to New England.
Phil holds a BA and MA in History from Lincoln College, Oxford; an MA in history and government from Cornell University; a PhD (DPhil) in international political economy from the University of Oxford, and an Executive Certificate from MIT Sloan Executive Education.
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