Phil Budden

Senior Lecturer


Phil Budden Phil Budden is Faculty Director of the MIT-UK Program and a Senior Lecturer at MIT Sloan in the TIES (Technology, Innovation and Entrepreneurial Strategy) Group.

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.

Faculty Media

  • [Innovation@Work Blog] Is Greece Missing an Opportunity to Turn to Innovation-Driven Entrepreneurship?

    Phil Budden, Senior Lecturer at MIT Sloan, argues in Fortune that the current fiscal crisis can be turned into an opportunity for the Greece.

  • [Innovation@Work Blog] What Sort of Brexit Is It: Light Continental or Full English?

    As the initial turmoil of Brexit has subsided, many executive are wondering what issues and implications they might be watching out for in the coming months. MIT Sloan Senior Lecturer and former...

  • MIT Expands Action-Learning Options

    MIT’s Sloan School of Management plans to launch a pair of executive education labs to help EMBA students learn to fashion better organizational road maps and practical recommendations.

  • Would A ‘Brexit’ Matter To America? A Former British Diplomat On What’s At Stake

    While Americans can be forgiven for favoring the latest pictures of the Royal Family or the pageantry of the Queen’s 90th birthday, make no mistake: Britain’s upcoming sovereign decision matters...

  • Innovation Diplomacy: World Comes to Greater Boston to Learn Innovation from MIT

    Greater Boston is already widely-regarded as a global business hub.

  • How MIT is Supporting Innovation in Britain

    Phil Budden is a senior lecturer faculty member at MIT’s Management School, and—as a former British diplomat (ex-FCO)—is advisor to MIT’s global REAP programme. In this article, he reveals how MIT...

  • Meet Phil Budden, Britain's Consul-General for New England

    Phil Budden, Britain's Consul-General for New England, will talk about the strong relationship built on historic, business and cultural connections.

  • Advice for Greece: Don’t Let a Crisis Go to Waste

    The debt-troubled nation has a chance to turn its economy around by creating a business-friendly climate for start-ups.

  • Greater Boston: A World-class Hub of Entrepreneurship

    As the British Consul in Boston, I had the privilege to work on strengthening long-standing business connections between Britain and New England, and was always impressed with the hub of innovation...

  • Right Here, Right Now with Mara Dolan Guest: Dr. Phil Budden

    Smart talk with great thinkers, changing the world.


Contact Information

Office: E62-455
Email: pbudden@MIT.EDU
Support Staff
Name: Stephanie Taverna
Phone: (617) 253-2676

Teaches In

Advanced Management Program May 29-Jun 29, 2018

The Innovator's DNA: Mastering Five Skills For Disruptive Innovation Nov 14-15, 2017 | Mar 13-14, 2018 | Jul 10-11, 2018 | Oct 16-17, 2018

Innovation Ecosystems: A New Approach to Accelerating Corporate Innovation and Entrepreneurship Nov 7-8, 2017 | Mar 15-16, 2018 | Jul 12-13, 2018 | Oct 18-19, 2018

MIT REAP helps London scale its innovation ecosystem

In this blog post, Phil Budden writes about how the MIT Regional Entrepreneurship Development Program (REAP) is fostering innovation in London.