harvard
BOSTON—Harvard Business School's (HBS) Arthur Rock Center for Entrepreneurship has announced eight winners in the first round of the Minimum Viable Product (MVP) Award for the 2012-2013 academic year, giving $5,000 to each team of student entrepreneurs.
The MVP fund, which supports the Award, was proposed in 2010 by MBA students Dan Rumennik, Jess Bloomgarden, and Andrew Rosenthal, all members of the Class of 2012. The Rock Center provides the funding. MVP is based on the Lean Startup methodology, which focuses on rapid prototyping, a process that brings products to market as quickly as possible. This methodology has been advanced and popularized by Eric Ries (currently an Entrepreneur-in-Residence at HBS), who advises students and collaborates with faculty members on research and course development.
The Rock Center offers two rounds of MVP Awards during the academic year. Forty-five teams submitted entries for the first round, which was open to second-year MBA students only (at least one member of each team must be a Harvard MBA student). The winners were selected by a panel of three faculty members and three students. The deadline for the second round, which will be open to both first and second-year MBA students, will be January 25, 2013.
The winning teams are required to meet with a mentor from the program on a monthly basis, attend a monthly gathering of all MVP teams, present lessons learned from the MVP program at the end of the semester, and participate at some point in a session that is open to the community.
"We continue to be impressed by the high level of creativity our students have shown in planning and developing these business ventures, which span a wide variety of industries," said Meredith McPherron (MBA 1993), Director of the Rock Center for Entrepreneurship. "Our students' dedication to making their business ideas a reality demonstrates how passionate they are about entrepreneurship. The MVP Award, which will be called the Rock Accelerator Award going forward, is one of several ways we support their dedication and enthusiasm."
The eight winning entries (with their founders) are:
About The Arthur Rock Center: The Arthur Rock Center for Entrepreneurship was created through the generosity of prominent venture capitalist Arthur Rock (MBA 1951), who donated $25 million to Harvard Business School to support the entrepreneurship faculty and their research, fellowships for MBA and doctoral students, symposia and conferences, and outreach efforts to extend the impact of the School's extensive work in this field. HBS offered the country's first business school course in entrepreneurship in 1947 and, today, entrepreneurship is one of the largest faculty units at the School, with over 30 faculty members conducting entrepreneurship research and teaching. The Rock Center works closely with the HBS California Research Center in Silicon Valley on entrepreneurship-related research and course development efforts.
earlier mixer desciptions here
more on background http://bostinno.com/all-series/harvard-business-school-2012-mvp-win...
When Harvard Business School’s Startup Tribe formed two years ago, founding member Andrew Rosenthal admitted there was one reason why the club flourished: “There’s a clear hunger among HBS students to engage in creating new products and companies.”
To help fulfill that need, the School encouraged the Startup Tribe, allocating $100,000 a year for the “MVP Fund,” now called the Rock Accelerator Program. Focused on the Lean Startup methodology popularized by HBS Entrepreneur-in-Residence Eric Ries, the program supports student teams focused on rapid prototyping—a process that helps bring products to market as quickly as possible.
Each entrepreneurial-minded winning team is awarded $5,000 courtesy of the School’s Arthur Rock Center for Entrepreneurship, and is required to meet with a mentor on a monthly basis, as well as attend a monthly gathering of all MVP teams. Winners were selected by a panel of three faculty members and three students, yet for those not lucky enough to be dubbed victorious this semester, applications are already open for the second round of funding.
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