MIT Regional Entrepreneurship Acceleration Program

Dates:

REAP is a unique, multi-year program for cross-functional teams designed to help regions promote economic development and job creation by implementing a more robust innovation-based entrepreneurial ecosystem. As part of the program, participants attend two-and-a-half day educational workshops twice a year for at least two years, where they are exposed to the theory and practice of developing regional clusters of innovation-based entrepreneurship.

NOTE: Please use this special REAP APPLICATION FORM to apply for this program; do not use the yellow Apply Now button in the site navigation. Applications will be processed on a rolling basis, and the application process will close once all eight regions have been accepted.

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MIT Regional Entrepreneurship Acceleration Program
Certificate Track: Management and Leadership
Location: Multiple
Tuition: $300,000 (covers tuition for two years for entire team of 5-8 participants)
Program Days (for certificate credit): 16

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What is REAP?
The MIT Regional Entrepreneurship Acceleration Program (REAP) is a two-year program designed to help regions accelerate economic development and job creation. MIT REAP serves to educate, engage, and enable teams from key regions around the globe in the development and execution of a well-designed acceleration strategy, focused on entrepreneurial activity that can enhance innovation-driven economic development and job creation. To see the official MIT REAP website, click here.


Learning Experience

The REAP program enables regional team members to learn and collaborate with MIT experts, catalyze regional action, and leverage global best practice through cross-regional collaboration. Participants will attend highly interactive two-and-half day educational workshop twice each year. Between workshops, they will engage in significant action-oriented activities in their regions, leveraging faculty coaching and an online community of practice to enable regions to more effectively share analysis, execute action plans, and sustain impact.


Who Should Participate?

Through an application process, the selection committee will choose eight regions as members of each REAP cohort. Each region participating in REAP will assemble an initial cross-functional team of five to eight members. Participants from these sectors will be executives and decision-makers with:

  • An intimate understanding of their regional entrepreneurial ecosystem and their sector.
  • The ability to influence the creation and implementation of policy and programs in their own sector.
  • A demonstrated deep commitment to working with this diverse core team to impact strategic change in their regions.

Each REAP regional team will have at least one member represented from the following backgrounds:

  • Government/ Economic Development
  • Entrepreneurs
  • Risk Capital
  • Large Corporations
  • Universities

The Champion: One member of the team (often in the Government/Economic development role) will also play the role of the champion and will lead the team assembly, secure funding, and ensure team applications are complete. The champion will serve as the team leader throughout the two-year program and as the main point of contact with MIT staff.
For more information and to see REAP teams from around the world, please visit the official MIT REAP website.


Application Process:
Steps:
1 - Submit Application to nominate Champion (rolling until limited slots are filled)
2 - Receive Admissions decision by MIT REAP committee
3
 - Champion Submits Signed Letter of Agreement to reserve a spot in the next cohort (upon acceptance)
4
 - Submit Final Team Application
5 - Submit First Tuition Payment


APPLY HERE
. Please do not use the yellow Register Now button at the top of the screen.

Participant Testimonial

"This is an outstanding program that has the possibility of changing the future of entrepreneurship, job creation and economic development across the world. It brings diverse groups of people together to solve the complex problem of creating an entrepreneurial platform in a country and region. Participants include government , large business, entrepreneurs, funding entities, and universities. The program allows this group of people to gain knowledge of MIT's experience and success in building entrepreneurial platforms and combine it with the unique set of circumstance, cultural uniqueness and current opportunities. Building on this rich set of data, the program facilitates tapping into the collective intelligence of all participants to solve this challenge and determine the right actions which will deliver a successful and prosperous economic platform... This is an incredible experience I would highly recommend!" —Susan L.


REAP 2015 at Istana in Singapore

President Tony Tan Keng Yam of Singapore hosted the 2015 REAP cohort's MIT Global Innovation Dinner at his estate, Istana.


Fiona Murray on Boston's Innovation Culture and REAP

Boston is ranked the top city of the global innovation economy. Fiona Murray, Associate Dean of Innovation at MIT Sloan, spoke with Comcast Newsmakers to discuss how Boston acquired this status, what it means, and how she helps other regions boost their own economies.