Management and Leadership

Entrepreneurship Development Program

Dates: Jan 27-31, 2014

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:

    Great learning experience. Fun and inspiring.



    I hoped it would be a great week, but nothing fully prepares you for the sheer exhiliration of being a pirate on the good ship EDP. It's easy to talk in cliches, but EDP is a genuinely life-changing experience: you walk into the building one person and a week later, you walk out someone altogether different: inspired, energised and stripped of all fear. It's not that you come out thinking that being a successful entrepreneur is easy - it's not - but you believe that you can do it and you want to give it your best shot. And you know that, if you fail, you'll get right back up and try again - in exactly the same way that most of the teachers on the programme have. The quality of the programme faculty and the teaching is world-class - one after another, they just keep on coming, combining intellectual rigour with creative irreverence and, crucially, the experience of having done it themselves. So you're not just getting people who talk theoretically about topics like business strategy, product development or entrepreneurial marketing: they've all run successful businesses (and quite a lot of them have failed, too - just as important) so they really know what it's about. The programme has been very well-structured: learn, absorb, apply and repeat, for four days. It's relentless and exhausting and sometimes you think your head will explode, but the energy created keeps you going and wanting more. What I also loved is that you can't hide - you have to participate and get stuck in and contribute. It's definitely not a passive programme and if that's what you're looking for, then you're in the wrong place - you want the Navy instead. I could write for hours about the experience, but time is short and I need to get out there and GSD. It was an honour and a privilege having served. (I assume this registers as having come from me, but if not, this has been written by Paula Douglas, proud EDP 2013 alum, pirate and spreader of the good word about it all.)



    What could I say? Outstanding, awesome, amazing and any other highly positive adjective you can think of. It has been a really intense experience and it requires a lot of hard work and energy. The payback, however ,is extremely rewarding in terms of learning experience, team work and networking opportunities. I'd highly recommend any seasoned executive with entrepreneurial ideas to take this program. Congratulations to Bill Aulet and the rest of the team and faculty at MIT-EDP. Daniel.



    Excellent program. The presenter are just inspiring



    May God bless: Sloan.... Ken Morse.... Bill Aulet..... and the rest of the great people who tought me and the great team who i worked with during the program... many thanks everyone