Management and Leadership
MIT Regional Entrepreneurship Acceleration Program
Dates: Oct 21-24, 2014
Certificate Track: Management and Leadership
Tuition: $250,000 (covers tuition for two years for entire team of 5-7 participants)
Program Days (for certificate credit): 3
Applications for the 2014-2016 REAP cohort are now closed. If you are interested in a future session of REAP, please use the special REAP Application Form to apply. Applications will be processed on a rolling basis, and the application process will close once all eight regions have been accepted.
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.
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 seven 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
- Risk Capital
- Large Corporations
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.
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
Please do not use the red "Apply Now" button at the top of the screen. Apply here instead.
REAP Participants will:
- Understand key drivers of successful innovation-driven entrepreneurial (IDE) ecosystems.
- Deploy MIT rigor and use frameworks to assess your region’s capacities and to evaluate the current entrepreneurial ecosystem as a foundation for further analysis, strategy, and implementation.
- Build an interdisciplinary team to create and validate a vision of your region’s ecosystem at its full potential.
- Compare and learn from other regions globally through case studies and cross-regional dialogue. Connect to an active community of practice and collaborate with other regions.
- Design a REAP Acceleration Strategy to harness the power of innovation and entrepreneurship and accelerate growth in your region’s ecosystem.
"MIT's rich global experience with the practice of innovation-based entrepreneurship and creating companies, coupled with its faculty's thought leadership in developing a rigorous framework for other regions to do this more systematically, is a potent combination. We have already seen results from our ongoing discussions with the MIT Entrepreneurship Center, and we have a clear path to continue to expand our entrepreneurial capacity.”
Scottish Highlandsand Islands Enterprise
All team members should be at a decision-maker level, and have the ability to influence the creation of policy and programs in their own sector. Additionally, they must have an intimate understanding of the current ecosystem.
Each regional REAP team consists of 5-7 team members, and will be composed of the following:
- Current or former founder of an innovation and technology-based company
- Currently part of an economic or development team promoting entrepreneurship
- Able to make or significantly influence policy and programs
- Employed by a large, influential corporation in your region
- Responsible for helping entrepreneurs through mentorship, partnerships, or investment
- A decision maker responsible for investments in early-stage technology companies
- Understands the regional landscape of access to capital
- A professor, lecturer, or administrator who is responsible for interacting with research and/or entrepreneurship in a region's university or similar education institution
- Interacts with the process of taking ideas/technology to market
Applications are processed on a rolling basis. Applications will be accepted through July 1, 2013, however due to high interest, we expect the eight program slots to fill by spring as we will admit regions on a rolling basis. (Please do not use the red "Apply Now" button at the top of the screen.) Apply Now >>
Please note that faculty are subject to change and not all faculty teach in each session of the program.
Managing Director, The Martin (1958) Trust Center for MIT EntrepreneurshipBill Aulet is the managing director of the Martin Trust Center for MIT Entrepreneurship at MIT and also a senior lecturer at the MIT Sloan School of Management. The center is responsible for entrepreneurship across all five schools at MIT starting with education but also extending well outside the class room with student clubs, conferences, competitions, networking events, awards, hackathons, student trips and most recently accelerators... ... (more)
Associate Dean for Innovation;
Alvin J. Siteman (1948) Professor of Entrepreneurship;
Associate Professor of Technological Innovation, Entrepreneurship, and Strategic Management;
Faculty Director, Martin Trust Center for MIT EntrepreneurshipProfessor Fiona Murray is the Associate Dean of Innovation at the MIT Sloan School of Management, Alvin J. Siteman (1948) Professor of Entrepreneurship and the Faculty Director of the Martin Trust Center for MIT Entrepreneurship. She is the Co-Director of MIT’s Initiative for Innovation. She is also an associate of the National Bureau of Economic Research... ... (more)
David Sarnoff Professor of Management of TechnologyScott Stern is the David Sarnoff Professor of Management of Technology and Chair of the Technological Innovation, Entrepreneurship, and Strategic Management Group at the MIT Sloan School of Management.
Stern explores how innovation—the production and distribution of “ideas”—differs from more traditional economic goods, and the implications of these differences for entrepreneurship, business strategy, and public policy...... (more)
|DAY One SAMPLE|
|07:45 AM - 08:30 AM||Breakfast and Registration|
|08:30 AM - 08:45 AM||Welcome, Opening Remarks and Program Overview|
|08:45 AM - 09:45 AM||Introduction to MIT Innovation-Based Entrepreneurial Ecosystem Frameworks|
|10:00 AM - 11:45 AM||Participant Presentations by Region: An Introduction to Each Regional Ecosystem|
|11:45 AM - 12:30 PM||Framework Lecture: Foundations of Innovative Capacity|
|12:30 PM - 01:30 PM||Lunch in Regions to Discuss Morning Material|
|01:30 PM - 02:30 PM||Working Session: Applying the Innovative Capacity Framework to Your Region|
|02:30 PM - 03:00 PM||Lateral Learning Session: Presentations by Selected Regions on Innov Capacity w/ Q & A|
|03:30 PM - 04:30 PM||Leveraging Comparative Advantage: A Biotech Case Study|
|04:30 PM - 05:30 PM||A Global Perspective: Comparative Advantage Across Regions|
|05:30 PM - 06:00 PM||Wrap-Up|
|07:00 PM - 09:00 PM||Keynote Speaker & Dinner|
|DAY Two SAMPLE|
|08:00 AM - 08:30 AM||Breakfast|
|08:30 AM - 09:15 AM||Framework Lecture: Foundations of Entrepreneurial Capacity|
|09:15 AM - 10:15 AM||Working Session: Applying the Entrepreneurial Capacity Framework to Your Region|
|10:15 AM - 10:45 AM||Lateral Learning Session: Presentations by Selected Regions On Ent Capacity w/ Q & A|
|11:00 AM - 12:30 PM||MIT Deep-Dive Module: How to Foster Your Ecosystem Through Competitions and Prizes|
|12:30 PM - 01:30 PM||Lunch: Cross Regional Breakouts (3 groups)|
|01:30 PM - 02:30 PM||Overview Lecture: The Development of & Impact of the Massachusetts & MIT Ecosystem|
|02:30 PM - 05:30 PM||Experiential Learning: Tour of Boston/Cambridge Ecosystem|
|06:30 PM - 07:15 PM||Mingle with Key Leaders in the Local Boston Ecosystem|
|07:15 PM - 08:30 PM||Dinner and Keynote Speaker|
|DAY Three SAMPLE|
|08:00 AM - 08:30 AM||Breakfast|
|08:30 AM - 09:45 AM||Framework Lecture: Linkages - Confronting the Challenge of Collaborating Across Sectors|
|10:00 AM - 11:15 AM||Turning Workshop I Into Action: Regional Breakout Session to Determine Next Steps & Specific Plans for Action Phase I|
|11:15 AM - 12:30 PM||Presentation of Regions' Commitments and Action Plan for Action Phase 1|
|12:30 PM - 01:30 PM||Boxed Lunch, Wrap Up and Next Steps|
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Fiona Murray on Boston's innovation economy and our MIT Regional Entrepreneurship Acceleration Program (REAP). Watch the short video at http://ow.ly/zb8wM