mit has a lot of entrepreneur competitions -but one way to get started is to look at www.globalchallenge.mit.edu and then understand those competition entries that are linked to the student-led mit100k www.mit100k.org which has 3 competition phases through calendar year:
and 6 tracks
The mission of the Emerging Markets Track is to create transformational change in emerging markets through business. This track is for companies addressing non-OECD countries, especially those in Africa, Latin America, South Asia, and Southeast Asia. The companies can be for-profit or non-profit companies. However, sustainability will be a major factor in the consideration of any business, so please make sure there is a very reliable funding model if the company is structured as a nonprofit.
The mission of the Energy Track is to turbo-charge the next generation of energy entrepreneurs to help solve the world’s energy challenge. Teams that enter the Energy Track should be working on technologies or business models that will affect the future of energy in the U.S. and/or abroad.
In the Launch Contest, the Energy Track is run by the MIT Clean Energy Prize. The highest ranking MIT team wins the Energy Track prize for the Launch Contest and competes in the finale.
The mission of the Life Sciences Track is to advance ideas and companies related to biotechnology, therapeutics, medical devices, biomaterials, healthcare IT, diagnostics and instrumentation.
The mission of the Mobile Track is to inspire new products and services that can be used to enhance our lives and productivity when we are on the go. Software or other services related to mobile phones, tablets, and other mobile devices fall in this track.
The mission of the Web/IT Track is to make the lives of individuals and businesses better by offering IT and web-based solutions that meet their needs.
The mission of the Products & Services Track is to build businesses that satisfy pressing consumer and business needs, ranging from revolutionary building materials to the latest high-tech gadget.
before continuing with 2012-2013- here are mit100k big prize winners from the past
Hall of Fame
Here are the past grand prize winners of the MIT $100K, $50K, and $10K Business Plan Contest.
|Year||100K Winner||Track Winners|
|2012||filepicker.io (previously called CloudTop)|
|2008||Diagnostics For All|
|2006||Steri-Coat, Centro Migrante|
|2004||Active Joint Brace|
|2000||Eye Gen, Inc|
There are also many other startups from our competition that became successful. This BostInno article provides some examples!
please help us build this journey through a year in the day of- -have we missed anything - email@example.com -the most essential competition web tour includes http://www.mit100k.org/ http://web.mit.edu/invent/a-main.html http://entrepreneurship.mit.edu/calendar http://globalchallenge.mit.edu - we also offer our more general tour of vaut le voyage MIT here
typically the year starts with t=0september week 2 -a weekend day opener the a choice of 3 immersion evenings t0 on facebook
in 2012 sat 8th MIT Summer Accelerator Demo Day
Last spring 129 MIT student teams applied to be in the MIT summer accelerator programs. We had facilities and resources for about 50 of them. These teams have since worked incredibly hard full time over the summer to make their groundbreaking technologies and ideas a reality.
We have selected 15 teams that have made the significant progress as part of our MIT Founders’ Skills Accelerator and MIT Beehive Cooperative and we are incredibly proud to showcase them on Saturday, September 8th from 12pm to 2:45pm at Walker Memorial, building 50, on the campus of MIT. with a reception 2.45-4
These teams range from breakthrough technology in the energy and health care industries to revolutionary software in the B2C and B2B areas that has not previously been presented. There will also be teams creating sustainable and profitable business models to improve the quality of life in Africa and better connect them with the global economy.
Monday, September 10th – Energy Immersion Night
Lab Tours – coming soon!
Tuesday, September 11th – Healthcare Immersion Night
Lab Tours – coming soon!
Wednesday, September 12th – Software & Computer Science Immersion Night Lab Tours – coming soon! 7:00 pm – 9:00 pm – Dinner, Talks, Brainstorm the next big idea! Guest Speakers: Joi Ito and Prof. Daniel Jackson Location: 32-G401/R&D Commons
Thursday, September 13th – Hardware Immersion Night 7:00 pm – 9:00 pm – Talk, Lab Tour, Brainstorm the next big idea! Guest Speaker: Prof. Ian Hunter Location: 3-154
Friday to Sunday -not your typical hackathon
Friday, Sept. 14th – Sunday, Sept. 16th
What are YOU doing this weekend?
This is the place to be to make something happen!
Inspired from all the innovation and emerging technology you experienced this week? Time to start changing the world by working together to make cool stuff happen.
Come to the t=0 hackathon to pitch your ideas, meet a team, and spend 2 days working on a plan to turn your idea into a reality. That’s right — get help with the steps to move that idea to the next step.
Don’t have an idea? No problem! Come meet a team that would love your help over the weekend. No experience necessary!
And although you only have 2 days, who knows – what you do this weekend could continue in an MIT class, accelerator, or the MIT $100K.
The t=0 Hackathon will kick off with dinner at 7:30 pm and an idea pitch at 8:00. Then you’ll get a chance to form teams and start hacking!
Judging will take place on Sunday morning at 10am with awards and wrap up at 11:30am.
You provide: An idea, project, team…or just your enthusiasm to do something cool!
We provide: Space, mentors, and all the Red Bull you can drink!
Friday September 14th – Hackathon Kickoff 7:30 pm – 8:00 pm – Dinner 8:00 pm – 8:45 pm – Idea Pitch 8:45 pm – 10:00 pm – Team Formation Location: Lobdell Dining Room (W20-208)
Saturday, September 15th – Hackathon 9:00 am – 10:00 pm – All Day Hackathon Location: Building W20
Sunday, September 16th – Hackathon Awards and Wrap up 10:00 am – 11:30 am – Awards 11:30 am – 12:00 pm – Wrap up Location: Building W20
co-sponsors includeall the main comp0etition formats hosted thru the year
MIT Founders Skills Accelerators
The Beehive Cooperative
MIT sloan entrepreneurship and innovation club
MIT energy club & MIT energy club at Sloan
Idea Storm MIT entrepreneurship club at Sloan
MIT Clean Energgy Pize
Trust Center for Entrepreneurship
MIT Ideas Global Exchange
Trust Center Events checklist http://www.eventbrite.com/org/2602557262?s=9781810
Thanks so much.
Thomson Reuters Data Prize
The Thomson Reuters Data Prize is a $10,000 prize awarded to a team or teams for which an innovative use of data is core to their business.
The Thomson Reuters Data Prize is part of the MIT $100K Business Plan Contest, but is separate from the competition for the grand prize of $100,000. This used to be called the "Linked Data Prize," but was renamed in 2012 to encourage a broader use of data in innovative businesses. The Data Prize was created to encourage the use of Big Data, Linked Data, and other innovative uses of data in businesses.
Data is a tool to gain further insight or information to enhance a business. We typically think about data as Big Data, Linked Data, and other innovative uses of data.
Big Data is about taking a complex set of data that is too large to use normal database tools to manage. Big Data has historically been used to track consumer behavior and trends, evaluate meteorology, genomics, connectomics, complex physics simulations, biological and environmental research, Internet search, finance and business informatics, according to Wikipedia's "Big data" entry. There is no size requirement for big data, but it must meet the first rule about it being "too large" for databases.
Linked Data is about using the Web to connect related data that wasn't previously linked, or using the Web to lower the barriers to linking data currently linked using other methods. More specifically, Wikipedia defines Linked Data as "a term used to describe a recommended best practice for exposing, sharing, and connecting pieces of data, information, and knowledge on the Semantic Web using URIs and RDF." (Source: linkeddata.org)
Data can be used in many creative ways and the contest seeks to encourage that. If teams feel they use data in a new or better way and that they do not use "Linked" or "Big" data, then they should be encourage to apply for this prize.
Teams must be a registered entrant in the MIT $100K Business Plan Contest, and meet all the related qualifying criteria for that contest. A team can participate in any of the 5 industry tracks for this contest, Segal Family Foundation Emerging Markets, Life Sciences, Mobile, Products & Services, and Web/IT. Any team that applies to the MIT $100K Business Plan Contest can be eligible to win the Thomson Reuters Data Prize. Teams eligible for the prize will be evaluated for innovative use of data against a set of judging criteria. The criteria are listed below. Judging will be done by an esteemed industry panel to determine if the business idea meets the below criteria. Winner(s) will be announced at the Finale on May 15, 2012. Prize awards will be a pool of $10,000. The prize could be given to one or multiple teams.
Teams that qualify for the Thomson Reuters Data Prize will submit an updated 2 page executive summary, an up to 250-word response to the question "how does your business use data in an innovative way?" as well as an optional one "freelance" page to demonstrate use of data in the business. A panel of data and analytics experts will review these materials to determine which team will be awarded the Thomson Reuters Data Prize.
In addition to the standard Business Plan Contest Judging Criteria, the teams that qualify for the Thomson Reuters Data Prize will be evaluated on how innovative their use of data is, how central data is to their business, and how impactful the data is in providing the intended service / benefits to their customers.
The winning team will be notified via email on May 9th, 2012. A representative from Thomson Reuters will present the Thomson Reuters Data Prize to the team at the MIT $100K Business Plan Finale in Kresge Auditorium on May 15th from 6 – 9pm. If the team is not already a finalist, the Thomson Reuters Data Prize winner will present a 3-minute pitch during the finale event. Please note that if you are not a Track Winner or Wild Card Finalist, winning the Thomson Reuters Data Prize does not make your team eligible to compete for and win the $100K grand prize.
event dates for final round 3 (launch) of mit100k are
|Brown Rudnick LLP Semi-Finalist Reception||Wed Apr 10, 2013|
|2013 Launch Mentorship Kickoff Event||Mon Apr 8, 2013|
|MIT $100K Gold Sponsor Reception||Wed Apr 24, 2013|
|Segal Family Foundation Reception||Thu Apr 25, 2013|
|Launch Application Opens!||Wed Feb 20, 2013|
|2013 Launch Wild Card Judging Round||Thu May 2, 2013|
|2013 Launch Round 2 Judging: Life Sciences, Energy, Segal Family Foundation Emerging Markets||Wed May 1, 2013|
|2013 Launch Round 2 Judging: Mobile, Web/IT||Tue Apr 30, 2013|
|2013 Launch Finale Event: Kresge||
Wed May 15, 2013
this appears to be the first sequence run by the new team (mit100k typically having a 2 year rotation of student managing directors)
|Dipul Patel||Director, Marketing|
|Colin McDonnell||Organizer, Marketing|
|Shailesh Mittal||Social Media Lead|
|Heather Groat||Director, Judging|
|Kevin Liu||Director, Judging|
|Christoph Wuestemeyer||Director, Judging|
|Rustem Feyzkhanov||Organizer, Event/Judging team|
|Gerrit Hall||Director, Campus Outreach|
|Jin Pan||Director, Web|
|Bryan Kapicka||Organizer, Web|
|Ian Cinnamon||Director, Events|
|Taylor Rose||Organizer, Events|
|Haya al Ghanim||Managing Director|
|Allison Yost||Managing Director|
7 may 2013 - the weekend say the year's celebrations of mit prizes (development) global challenge- notes on winners include
Two teams took home $10,000 prizes: Augmented Infant Resuscitator (AIR), a maker of resuscitation devices, and Love Grain, a fair-trade food company.
AIR developer Kevin Cedrone SM ’10 built his prototype from spare lab parts in just one night after learning that nearly 2 million infants worldwide die annually from breathing-related problems, mostly in developing countries.
His prototype attaches to ventilation equipment and measures the rate and pressure of air entering an infant’s lungs. It also signals if users need to speed up or slow down air delivery, or correct the mask seal, among other things. The aim is to provide real-time feedback and long-term data to help improve resuscitation quality, technique, training and equipment.
“You take this data, these very low-cost measurements, and turn them into high-value judgments: Is what I’m doing going to save this baby’s life?” he said. “This is a case where cheap measurements become really powerful levers to do things like saving infant lives.”
With the IDEAS funds, Cedrone said, his team will travel to Uganda for clinical trials.
Love Grain — co-founded by Aleem Ahmed, Caroline Mauldin and Kaia Lai, all students at the MIT Sloan School of Management — aims to benefit Ethiopian farmers by helping them tap into the multibillion-dollar gluten-free market.
Their plan is to supply Ethiopian farmers with seed and fertilizer to grow a grain, teff, that Love Grain will then purchase from the farmers and ship to the United States to be made into gluten-free baking mixes, cereals and pastas. Profits will go toward buying more seed and fertilizer for the farmers.
“We believe we are changing the value chain to value cycle,” said Ahmed, an MBA student. “This is a model that can be replicated in other countries for farmers facing similar challenges around the world.”
Love Grain team members will use their IDEAS funds to travel to Ethiopia with an initial delivery of seed and fertilizer for farmers.
Wide variety of innovations
Additional teams represented a wide variety of innovative ideas, including microbial power generators, waste-management and recycling technology, and even a water-bottle-sharing program.
One $7,500 winner, ReFresh, was described by its co-founder, MBA student Sean Grundy, as “the Redbox for beverages.” The project allows someone to check out a reusable water bottle from a vending machine and return it to any other machine, which will sanitize the bottle for reuse. The project aims to reduce the pollution and waste associated with disposable water bottles, Grundy said.
Two other MIT Sloan students — David Young and Francisco Aguilar — took home $5,000 for their Bounce Imaging Explorer. Their working prototype is a ball with a built-in camera and sensors that can be thrown into a hazardous space — say, a burning building, a disaster area or a room occupied by gunmen — to transmit panoramic images to a mobile device.
“Every day, leaders face the dilemma of whether to send their teams into dangerous spaces or risk failing a mission if they don’t,” said Young, who served in the U.S. Army. “The inability to see around the corner or into space costs lives. … We remain dedicated to saving these lives.”
With the IDEAS funds, Young said, the team plans to field-test their device with police partners.
Other juried prizes went to teams called PolymerGreen, BlueLight, Increasing Rural Farmers Income, The Universe and More, Hope in Flight, and Biobatts. Three other teams received Community Choice Awards: EducateSyria, LabX, and Aasadeep Projects.
mit100k launch semi-finalists
fto correct font in above post
On Wednesday night, 3dim earned the grand prize at this year’s MIT $100K Entrepreneurship Competition after successfully pitching its business plan to merge two of today’s most popular, and profitable, technological phenomena: gesture-recognition and smart devices.
3dim, founded by a team of MIT engineers, has patented 3-D gesture-recognition technology — such as what’s used in the Nintendo Wii and Microsoft Kinect — to be implemented into devices such as smartphones, tablets or Google Glass. This would allow users to interact with their devices through thin air, rather than having to touch a screen.
The need for power-hungry, specialized hardware has kept such technology from mobile devices — problems that 3dim has now rectified, co-founder Andrea Colaco, a PhD student at the MIT Media Lab, said during the winning pitch.
“What is the next interface [for mobile devices]? … The answer is gesture recognition,” Colaco said. “Every mobile-device manufacturer is scrambling to bring gesture-recognition into their devices. This is an immediate and unaddressed market.”
No one walked away empty-handed. Each of the eight finalists — out of a pool of 215 entrants this year — received $15,000 for winning its respective track: life sciences, products and services, mobile, web/IT, energy, the Segal Family Foundation’s emerging markets track, and two wildcard entries.
The contest also hosted several offshoots: a $10,000 Thomson Reuters Data Prize for the team with the most innovative data-centric business plan; the first-ever $10,000 Creative Arts Prize for the innovative use of art in a business plan; an AARP Prize for $10,000; and a $2,000 Audience Choice Award.
Since its debut in 1989, the competition has helped launch more than 160 companies, which have gone on to collectively raise $1.3 billion in venture capital, employ 4,600 people and build $16 billion in market capital.
Health, energy and infrastructure solutions
Other finalists’ innovations aim to prevent and diagnosis debilitating diseases, deliver clean energy and fix infrastructure issues.
Several teams — NoMos, QuikCatheter, SympSolutions and eyeMITRA — are developing health-care innovations. NoMos, winner of the Audience Choice Award, aims to stop the spread of mosquito-borne diseases, such as malaria, by distributing a natural, nontoxic, environmentally friendly extract that prevents mosquito-human contact.
QuikCatheter plans to manufacture modified microcatheters doctors could use to help improve patient outcomes in time-sensitive emergencies, such as stroke and arterial bleeding, and improve efficiency in a variety of non-urgent or outpatient procedures. SympSolutions is developing a cost-effective and noninvasive way to treat the carotid body — a small organ known to contribute to high blood pressure — in hypertensive patients who no longer respond to oral medications alone.
Finally, eyeMITRA is developing mobile technology that collects valuable information about a person’s well-being — such as eyesight complications associated with diabetes — via retina monitoring. “It may seem like science fiction, but this is MIT,” said eyeMITRA team member Everett Lawson, a postdoc in the MIT Media Lab.
Other teams developed infrastructure and clean-energy innovations. UPower, which won MIT’s Clean Energy Prize last week, is developing a nuclear generator for places off the power grid, such as U.S. Army bases in Afghanistan, that could replace diesel generators — reducing energy costs and, in theory, providing power for up to 12 years without a recharge.
Ant Intelligence aims to collect and interpret data from buildings and infrastructure — such as bridges, dams and excavation sites — and generate structural data to be used for remote monitoring and preventive maintenance, disaster management and big-data analytics, among other things.
Finally, C2Sense has several patents and published academic articles backing its technology: low-cost “sensors on a chip” that can be used for detecting and measuring a range of chemical substances in food, or for safety monitoring and environmental protection.
Three other teams — AugMI Labs, Kiwi and Mediuum — won the Data Prize, the AARP Prize and the Creative Arts Prize, respectively.
Global Challenge! http://globalchallenge.mit.edu/news/view/312
We had 41 teams enter our final round of submissions, and we had an exciting evening last week at the 2013 Awards Celebration. We were joined by 300 people to celebrate the work of this year’s teams and to announce our awards.
This year, we awarded a total of $67,500 to ten teams recommended by our judging cohort, composed of leaders around the world representing organizations like Oxfam, MIT, Bose, Liquidnet, and much more.
We also awarded $1500 each to three teams for winning the Community Choice Vote. They were selected by over 8,000 people from around the world.
Here’s what the MIT News Office had to say about last night’s celebration: http://web.mit.edu/newsoffice/2013/ideas-global-challenge-awards-ce...
We’re thrilled to introduce you to the 2013 IDEAS Global Challenge Award Winners!
- - - - - - -
$10,000 Award Winners
Love Grain — Ancient grains for modern diets.
Augmented Infant Resuscitator (AIR) — Save infant lives through better training and instant feedback on resuscitation technique.
$7,500 Award Winners
ReFresh Water — Two-way vending machines that provide convenient, sustainable, and flavorful alternatives to bottled water.
BioBatts – Creating microbial power generators for small-scale lighting/phone-charging applications for off-grid villagers in the developing world.
Hope in Flight — Using Black Soldier Fly larvae to efficiently process waste into economically-profitable animal feed.
BlueLight —Innovative consumer finance for the base of the pyramid..
The Universe and More — What Harry Potter did for literacy, we're doing for science education.
Increasing Rural Farmers Income — Increasing the earnings of rural paddy farmers by 40% by paying more for their produce.
PolymerGreen — Convert waste plastics into green oil in Chengdu, China.
Bounce Imaging — Remote imaging and sensing technology for first responders.
Community Choice Winners - $1,500 each
Lab-X – Promoting socio-economic growth in developing countries through incentive based educational programs.
EducateSyria – Syrian children have been through unconventional circumstances, so why educate them conventionally?
Aasadeep Projects – Providing employment opportunities for both uneducated and educated challenged people through eco-friendly paper product manufacturing Industry and employability skill training program.
Throughout the next fifteen months, we’ll provide funding, mentorship, and a winners’ retreat to help the grantees hit the ground running.
NSTAR MIT Clean Energy Prize Winner – $150,000 DOE EERE Clean Energy Prize Winner- $100,000
Picasolar has developed a patent-pending technology that aims to increase the efficiency of solar cells by 15 percent and save solar cell manufacturers up to $20 million annually. The Hydrogen Selective Emitter (HSE), offers solar cell manufacturers the advantage that is necessary to become profitable in the solar industry. With our HSE technology, manufacturers could increase profits from negative $1 up to $34 per solar panel based on efficiency gains and silver cost savings. For our average 4 million panel customer, that is an increase of $140 million in revenue.
Chevron Renewable Energy Track Winner – $20,000
Traditionally, solar panels have been manufactured to maximize utility not aesthetics. We at Sistine Solar – a company recently started by two MIT grad students – are on a mission to showcase the innate beauty of solar energy through stunning designs, captivating the world’s imagination and ushering in the era of clean energy. We passionately believe that beautiful designs, which elegantly generate electricity, can capture people’s hearts and minds to drive the mass adoption of clean energy.
MassCEC Energy Efficiency Track Winner – $20,000
Aeolus Building Efficiency will reduce energy use in large office HVAC systems at a significantly lower cost than available technologies, tapping into an entire market not adequately addressed with current offerings. Our full-service, software solution enables room-by-room measurement and optimization of airflow rates. Using a breakthrough technology (patent pending), Aeolus can reduce large building HVAC energy consumption by up to 20% without equipment installations, labor intensity or long payback periods. Our scalable business model will create significant financial value for our customers, reduce hidden energy use in the largest consuming building segment, and prevent millions of metric tons of CO2 emissions.
Shell Infrastructure & Resources Track Winner – $20,000
UPower is developing an always-on, transportable, carbon-free nuclear generator for remote and distributed generation where energy costs exceed 30 cents/kWh, and power is needed 24/7. UPower’s reactor is a compact, solid-state micro reactor that produces 1.5 MWe and can cogenerate process heat. UPower reactors do not have coolant flowing through them and have fewer than ten moving parts. The reactor does not require external power or cooling water and is “walk-away safe”. The generator is a containerized unit that provides 30 years of energy without refueling, and can generate electricity for 40% less than competing technologies in these markets.
MIT Exec Ed Audience Choice Award Winner – $10,000
Homeowners looking to install solar are overwhelmed by the amount of effort required to make confident decisions about their purchase. Solar installers incur high marketing costs largely because they spend a lot of time educating potential customers. SunHub offers Solar 101 education to homeowners, lowers their installation costs, and provides greater price transparency. As a result, SunHub also reduces the amount of money installers spend pursuing leads.