Management and Leadership

Entrepreneurship Development Program

Dates: Jan 25-30, 2015

Certificate Track: Management and Leadership

Participant Ratings

Overall:

| 4.9

Application:

| 4.6

Content:

| 4.8

Experience:

| 4.8

This program leverages MIT's culture of high-tech entrepreneurship to help entrepreneurs, corporate venturing executives, and others involved in entrepreneurial environments learn what they need to develop ideas into successful businesses, and how to increase entrepreneurial opportunities in their corporations, institutions, and regions. The material will introduce participants to MIT's technology transfer system, entrepreneurial educational programs, and entrepreneurial network.

Through lectures by senior MIT faculty, visits to high-tech startups, and live case studies with successful entrepreneurs, participants will be exposed to the content, context, and contacts that enable entrepreneurs to design and launch successful new ventures based on innovative technologies. Specially designed team projects give participants hands-on, practical experience developing a business plan, while networking events bring participants together with members of MIT’s entrepreneurial community.

When thinking about entrepreneurship at MIT, we think this recent article, "How MIT Became the Most Important University in the World," says it all: "In many ways, the I-Lab (at Harvard) is actually a derivative enterprise, clearly based on the Martin Trust Center for MIT Entrepreneurship, which since 1990 has been nurturing tech entrepreneurs and churning out an astonishing number of startups. Bill Aulet, the managing director of the Trust Center, and himself a Harvard alum, told me recently, 'We’ve been doing entrepreneurship for a long time, and now Harvard is finally coming over to our way. But MIT has never been better. This is our time.'" Read the full article.

Check out this great short video created by 2013 EDP participants to capture their experience at the program!

Join the MySloanExecEd Community Group for this program to network with past, present, and future participants.

The concepts, tools, and frameworks covered in the program will enable participants to:

  • Create, identify, and evaluate new venture opportunities
  • Interpret customer needs and quantify the value proposition
  • Start and build a successful technology-based company
  • Understand how the process of starting new ventures may vary geographically and culturally
  • Leverage new science and technologies from corporate or university laboratories
  • Develop winning business plans
  • Scale companies to be globally successful
  • Navigate the venture capital investment process
  • Obtain feedback on personal entrepreneurship skills
  • Enhance and expand their networks

Past program participant, Joe Tree shares the top five things he learned about business at EDP in his blog. "It's not often your outlook on life changes perceptibly in five short days, but if you ever find yourself enrolled in MIT's Entrepreneurship Development Program, that's exactly what you should expect."

This program is designed for aspiring entrepreneurs, corporate venture officers, and those who would like to develop or strengthen a climate of entrepreneurship in their corporations, universities, and regions. Teams of entrepreneurs or intrapreneurs are encouraged to attend the program together with university staff and/or development professionals from their region.

Titles of past participants have included:

  • CEO
  • Managing Director
  • Vice President
  • Chief Technology Officer
  • Director of Knowledge and Technology
  • R&D Manager
  • Business Development Manager
  • Investment Manager
  • Venture Manager
  • Development Officer
  • Head of Innovations and Enterprise
  • Professor

region

industry

DAY One SAMPLE
03:30 PM - 04:45 PMRegistration
04:45 PM - 05:00 PMWelcome Talk, Outline for the Week, What to Expect
05:00 PM - 07:00 PMTeam Formation
07:00 PM - 07:30 PMWrap Up
DAY Two SAMPLE
09:00 AM - 09:30 AMThe Spirit of Entrepreneurship at MIT
09:30 AM - 11:00 AMEntrepreneurial Strategy
11:15 AM - 12:45 PMCreating Value
12:45 PM - 02:00 PMLunch, Description of Final Delivery
02:00 PM - 03:30 PMCustomer Product Mapping
03:45 PM - 04:00 PMWhat Did We Learn Today?
04:00 PM - 05:00 PMTeam Working Sessions
05:00 PM - 06:30 PMSimulation Lab
06:30 PM - 07:00 PMDebrief
DAY Three SAMPLE
07:30 AM - 09:00 AMCompany Visits
09:00 AM - 09:30 AMNetworking
09:30 AM - 11:00 AMCustomer Driven Product Development
11:15 AM - 12:45 PMDilemmas in Launching Entrepreneurial Organizations
12:45 PM - 02:00 PMLunch and Speaker: Entrepreneurial Strategy
02:00 PM - 03:30 PMDigital Experimentation
03:45 PM - 05:15 PMMaking Great Products
05:15 PM - 05:30 PMWhat Did We Learn Today?
05:30 PM - 06:30 PMTeam Working Sessions
06:30 PM - 08:00 PMSimulation Lab
DAY Four SAMPLE
07:30 AM - 09:00 AMCompany Visits
09:00 AM - 09:30 AMNetworking
09:30 AM - 11:00 AMCapturing Value
11:15 AM - 12:45 PMPricing/LTV
12:45 PM - 02:00 PMLunch and Speaker: Dean David Schmittlein
02:00 PM - 03:30 PMEntrepreneurial Marketing
03:45 PM - 04:00 PMWhat Did We Learn Today?
04:00 PM - 05:00 PMTeam Working Sessions
05:00 PM - 06:30 PMSimulation Lab
07:30 PM - 10:00 PMReception, Dinner, and Guest Speaker
DAY Five SAMPLE
09:30 AM - 11:00 AMEntrepreneurial Leadership Culture
11:15 AM - 12:45 PMEntrepreneurial Financing
12:45 PM - 02:00 PMLunch, Review of Final Presentation Format
02:00 PM - 03:30 PMFinancial Statements-How To
03:45 PM - 05:15 PMWhat VCs Look for in Startups
05:15 PM - 05:30 PMWhat Did We Learn Today?
05:30 PM - 06:30 PMTeam Working Sessions
06:30 PM - 08:00 PMSimulation Lab
DAY Six SAMPLE
08:00 AM - 08:30 AMMorning Overview
08:30 AM - 11:00 AMTeam Presentations
11:00 AM - 12:45 PMFinal Presentations with Judges
12:45 PM - 02:00 PMLunch and Speaker
02:00 PM - 03:15 PMAwarding of Certificates
Videos:

Links:

    1+ year after completing this course, I still use many parts of it regularly. The course content is built around Bill Aulet's "Disciplined Entrepreneurship" and in the 5 days, you will walk through the process to start a new company. It's an exhilarating, fun-filled ride to race to the finish line - and in the meantime, you will get to know your classmates intimately, perhaps pull an all-nighter and come out the other end with an emotional high. Bill Aulet is a serious entrepreneur and mentor for startups, but he brings a cutting NY sense of humour to keep things light. The rest of the lecturers bring a nice mix of industry startup experience and theoretical research. You'll meet some legendary players in the MIT ecosystem. It's an experience you'll never forget.



    Bill Aulet and the team are fantastic. Practical concepts for any entrepreneur across tested and workable frameworks. Inspirational. Try it and take on the world !



    It was a week of new knowledge, generating ideas, technical visits, planning, preparation of business plan and mostly experimentqation. Ten key lessons learned in this course: 1. Experimentation is essential if an idea becomes an opportunity 2. There is no innovation with commercialization 3. Teamwork focused and disciplined 4. We have to follow a method 5. Network is important 6. We have to convince our sponsors that idea has opportunity 7. The team is more important in the process 8. The customer need drives innovation 9. There are 3 Rs to generate tension in the team: Roles (Roles / responsibilities), Relationship (relationship) and Rewards (Rewards) 10. We have to identify a system for creating value. I recommend this course has a high value added and that it was able to inspire, energize and enabled me to accept new challenges without fear of making mistakes, ie, it was a learning experience for my life.



    MIT EDP is definitely the best place in the world where you can feel entrepreneurship from the inside. I've learned as much with the courses than speaking with other participants from all over the world. We have all this passion for entrepreneurship and with EDP we learned how to improve our skills to succeed as successful entrepreneurs.



    Prior to the course I was skeptical about how much I could possibly learn in one week. I'm glad I was proved wrong, I got a lot more out of it than I hoped for and can't wait to apply everything I have learned to my business. It was a stressful week with very long days but well worth it. For EDP program coordinators, it will be a lot easier for participants if ALL reading materials are be given at least 2 weeks to the start of course, to give participants time to prepare before hand as there's virtually no time to read anything once it's started. Everything at EDP is designed to be a learning opportunity, so for future attendees - keep an open mind and soak it all in!