2
20 Years of $100K
3
20 Years of $100K Impact
• 120+ companies
• $700 Million in VC funding
• $12.5 Billion in market value
• 2,500+ jobs
Fig...
4
Alumni Companies
5
1 Competition – 3 Contests
6
1 Competition – 3 Contests
Elevator
Pitch Contest
(EPC)
• SEPT - OCT
• Develop
IDEAS
Executive
Summary
Contest
(ESC)
• N...
7
1 Competition – 3 Contests
• Elevator Pitch Contest (Fall)
– 352 entrants – Biggest $100K contest ever!
– 500+ attendees...
8
How the $100K works
• 100% student-run
– Team of 50+ organizers from MIT and other
Boston-area schools
– Leadership cycl...
9
How the $100K works – Sponsors
10
“Recession Proof” in 2009
11
A Record Year for the MIT $100K
260 submissions!
• Development
• Life Sciences
• Mobile
• Products & Services
• Web/IT
...
12
Winners in the News - Ksplice
Ksplice
• 2008 Executive Summary Contest Web/IT Track Winner &
Audience Choice Winner
• 2...
13
Winners in the News - FastCAP
FastCAP Systems
• 2008 Elevator Pitch Contest Grand Prize & Audience Choice Winner
• 2008...
14
Remarkable track record of success
$40 $64
$95
$175
$234
$325
$517
$1,200
• $10B in aggregate market cap created
• $2.5...
15
Connect with us
www.mit100k.org
Twitter: @mit100k
facebook.com/mit100k
2009-2010 MIT $100K Entrepreneurship Competition
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2009-2010 MIT $100K Entrepreneurship Competition

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Overview of the MIT $100K Entrepreneurship Competition for the academic year 2009-2010

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2009-2010 MIT $100K Entrepreneurship Competition

  1. 1. 2 20 Years of $100K
  2. 2. 3 20 Years of $100K Impact • 120+ companies • $700 Million in VC funding • $12.5 Billion in market value • 2,500+ jobs Figures extrapolated from 2006 data in: Entrepreneurial Impact: The Role of MIT by Prof. Edward Roberts, February 2009
  3. 3. 4 Alumni Companies
  4. 4. 5 1 Competition – 3 Contests
  5. 5. 6 1 Competition – 3 Contests Elevator Pitch Contest (EPC) • SEPT - OCT • Develop IDEAS Executive Summary Contest (ESC) • NOV - DEC • Form TEAMS Business Plan Contest (BPC) • DEC – MAY • Build BUSINESSES
  6. 6. 7 1 Competition – 3 Contests • Elevator Pitch Contest (Fall) – 352 entrants – Biggest $100K contest ever! – 500+ attendees at Finale in Stata Center – 12 Schools: MIT, Yale, Harvard, Boston University, Stanford, Colgate… • Executive Summary Contest (Winter) – Last year: 120 entries among six tracks – $15K in prizes, expert feedback provided • Business Plan Contest (Spring) – Last year: 260 teams, 1000+ participants – Each team: 1 VC Mentor, 1 Legal Mentor, $1K expense account
  7. 7. 8 How the $100K works • 100% student-run – Team of 50+ organizers from MIT and other Boston-area schools – Leadership cycle runs during calendar year to ensure knowledge transfer during Spring • 100% sponsor-funded – Single and multi-contest packages – General and Track sponsorship
  8. 8. 9 How the $100K works – Sponsors
  9. 9. 10 “Recession Proof” in 2009
  10. 10. 11 A Record Year for the MIT $100K 260 submissions! • Development • Life Sciences • Mobile • Products & Services • Web/IT • Clean Energy Prize
  11. 11. 12 Winners in the News - Ksplice Ksplice • 2008 Executive Summary Contest Web/IT Track Winner & Audience Choice Winner • 2009 Business Plan Contest $100K Grand Prize Winner
  12. 12. 13 Winners in the News - FastCAP FastCAP Systems • 2008 Elevator Pitch Contest Grand Prize & Audience Choice Winner • 2008 Executive Summary Contest Energy Track Winner • 2009 Clean Energy Prize Semifinalist FastCAP Systems wins ARPA-E Grant Award for Transformational Energy Storage Technology Research
  13. 13. 14 Remarkable track record of success $40 $64 $95 $175 $234 $325 $517 $1,200 • $10B in aggregate market cap created • $2.5B of exit value captured • 3 public offerings • $700M of venture capital raised • 125 venture equity placements • 2,500 new jobs created Source: MIT $100K Historical Analysis Exit value of select MIT $100K competitors ($ Millions)
  14. 14. 15 Connect with us www.mit100k.org Twitter: @mit100k facebook.com/mit100k

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