GCEC presentation on University student startup Accelerators

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An overview presentation on how we structure and run the Global Founders' Skills Accelerator for student ventures at MIT

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GCEC presentation on University student startup Accelerators

  1. 1. Kyle Judah Program Director, MIT 2x Startup cofounder & CEO @KyleJudah @EShipMIT
  2. 2. Go Red Sox!
  3. 3. Established in 1990 Product/market fit 5 yrs ago Gift from Martin Trust MIT ’58 Dean Fiona Murray, Faculty Director
  4. 4. Bill Aulet, Managing Director
  5. 5. Approx. 40 Courses Extracurriculars Capstone Experiences
  6. 6. • Driven by student demand • 2 Years Old • 13 Teams (7% of applicants) • Early June – Early Sept • Mens et Manus
  7. 7. GFSA 2013 Demographics 66% Engineering Students 47% Female CEOs 52% Undergrads 55% Hardware Startups
  8. 8. • Team can be awarded up to $20,000 based on milestones • $1,500/student/month fellowship • Take no equity
  9. 9. 1) Honest Broker Policy - Safe to experiment, fail & learn
  10. 10. 2) Global - New, global approaches to e’ship
  11. 11. 3) Structure - Simulated Board, Milestones, etc.
  12. 12. We optimize for student success Not venture success
  13. 13. • Milestones induce behavior change • Small batch content sessions work better • Community matters • Lateral learning is crucial
  14. 14. If you’re considering an accelerator
  15. 15. Please feel free to reach out Kyle Judah KJudah@mit.edu @KyleJudah

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