MIT’s Entrepreneurship Development Program
EDP Highlights
Resources to help you launch your entrepreneurial journey.
Join aspiring entrepreneurs and intrapreneurs from around the world for a deep dive into MIT's culture of high-tech entrepreneurship!
Apply now for a once-in-a-lifetime
experience with extraordinary peers.
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Since its inception in 1999, MIT’s Entrepreneurship Development Program (EDP) has enabled thousands of participants from around the world to launch successful new, innovation-driven ventures using Professor Bill Aulet’s unique 24-step framework. Renowned for its action-based learning and breakneck pace, EDP offers exposure to the content, context, and contacts that enable entrepreneurs to succeed.
In one whirlwind week, and following a disciplined methodology, you’ll learn each step of the venture creation process and apply those lessons in an exciting, team-based company-building project.
As a participant in this unique program, you will learn how to:
Learn an exciting framework for startup success!
Faculty
Paul Cheek
Paul Cheek is a serial tech entrepreneur, software engineer, an Entrepreneur in Residence at the Martin Trust Center for MIT Entrepreneurship, and a Lecturer at MIT Sloan, where he has taught several courses on new enterprises and entrepreneurial ventures. Check built MIT's entrepreneurship platform, Orbit, and also coaches entrepreneurs in various programs like the MIT delta v accelerator, MIT fuse, Sandbox Innovation Fund, workshops, and hackathons.
Lecturer and Entrepreneur in Residence, The Martin Trust Center for MIT Entrepreneurship
Bill Aulet
Bill Aulet is the Managing Director of the Martin Trust Center for MIT Entrepreneurship at MIT and Professor of the Practice at the MIT Sloan School of Management. The center is responsible for entrepreneurship across all five schools at MIT starting with education but also extending well outside the classroom with student clubs, conferences, competitions, networking events, awards, hackathons, student trips and most recently accelerators. Prior to joining MIT, Aulet had a 25-year track record of success in business himself. He has directly raised more than $100 million in funding for his companies and more importantly has led to the creation of hundreds of millions of dollars in market value in those companies.
Faculty Director
Professor of the Practice, Technological Innovation, Entrepreneurship, and Strategic Management
Managing Director, The Martin Trust Center for MIT Entrepreneurship
WHEN
Jan 22–27, 2023
WHERE
Cambridge, MA
EXECUTIVE CERTIFICATE TRACK
Management and Leadership
TUITION
$12,900*
*Excludes Accommodations
BILL AULET’S 24-STEP FRAMEWORK
Professor Bill Aulet’s world-renowned framework for disciplined entrepreneurship breaks down the steps for creating a successful startup in a way that any industrious person can learn and apply, from conducting primary market research, to identifying windows of opportunity, to developing a deeper understanding of timing and triggers. In EDP, his framework is brought to life by engagements with local startup companies, case studies with successful entrepreneurs, and competitive, team-based activities.
WHO SHOULD ATTEND
This program is designed for aspiring entrepreneurs, corporate venture officers, startups, and those who would like to develop or strengthen a climate of entrepreneurship in their corporations, universities, and regions. Teams of entrepreneurs or intrapreneurs are encouraged to attend the program together with university staff and/or development professionals from their region.
Program Reviews
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Ready to light your entrepreneurial spark?
Entrepreneurship Development Program
Learn a formula for startup success.
WHEN
Jan 22–27, 2023
WHERE
Cambridge, MA
EXECUTIVE CERTIFICATE TRACK
Management and Leadership
TUITION
$12,900*
*Excludes Accommodations
EDP blew through my very high expectations. We heard from the best lecturers—industry experts and entrepreneurs who have made a big impact using the 24-step framework. Being surrounded by these participants and faculty gave me a lot of energy—I didn’t even feel the pace and the 14-hour days until the week was over. It was a life changing experience for me.
—Suraj Kripalini, Founder of BonBillo
My MIT experience was a wake-up call for me. EDP showed me that entrepreneurial success wasn’t about concepts, it’s about execution. The tools for building and scaling were life-changing for me and my company. We went all in and quickly accelerated after EDP, doubling down on technology and culture and growing from 12 people to 40. Last year we were successfully acquired, and they retained our entire team.
—Nigel Chadwick, Founder of Stream Technologies
EDP was more than a program—MIT is a diverse and innovative ecosystem complete with support. It’s hard to describe how transformative this program is without experiencing it firsthand. With a class full of global executives and entrepreneurs, you can definitely feel the entrepreneurial spirit.
— Riley Rees, Entrepreneur and C-17 Aircraft Commander in the U.S. Air Force Reserves
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THEME OF THE DAY: Idea
1:00 PM - 2:00 PM | Registration & Networking |
2:00 PM - 2:45 PM | Welcome & Program Overview |
2:45 PM - 3:45 PM | MIT Spirit of Entrepreneurship |
4:00 PM - 6:30 PM | Idea Pitch and Team Formation |
6:30 PM - 7:00 PM | Wrap-up |
THEME OF THE DAY: Defining Target Customer & Value Proposition
7:45 AM - 8:30 AM | Breakfast |
8:30 AM - 9:45 AM | Overview of the 24 Steps and Determining What Can You Do For Your Customer? |
10:00 AM - 11:15 AM | How to Get Started: Who is Your Customer? |
11:30 AM - 1:00 PM | Primary Market Research |
1:00 PM - 2:00 PM | The Path to Final Deliverables and Lunch |
2:00 PM - 3:30 PM | Customer Product Mapping |
3:30 PM - 3:45 PM | What Did We Learn Today? |
3:45 PM - 5:00 PM | Team Working Sessions |
5:00 PM - 7:00 PM | Simulation Lab: Defining Target Customer |
5:00 PM - 7:00 PM | Simulation Lab: Quantified Value Prop |
7:00 PM - 7:30 PM | Simulation Lab Debrief |
THEME OF THE DAY: Product and Competitive Advantage
7:00 AM - 7:30 AM | Breakfast |
7:30 AM - 9:00 AM | Entrepreneurship and Ecosystem Meetings |
9:00 AM - 9:30 AM | Networking |
11:15 AM - 12:45 PM | High-Level Product Specifications and Iterating (A/B Testing) |
12:45 PM - 1:45 PM | Lunch |
1:45 PM - 2:45 PM | How to Build a Great Product |
3:00 PM - 4:30 PM | Dilemmas in Launching Entrepreneurial Organizations |
4:30 PM - 4:45 PM | What Did We Learn Today? |
4:45 PM - 6:00 PM | Team Working Sessions |
6:00 PM - 8:00 PM | Simulation Lab: Product |
6:00 PM - 8:00 PM | Simulation Lab: Competitive Advantage |
THEME OF THE DAY: Business Model, Pricing, and Go To Market
7:00 AM - 7:30 AM | Breakfast |
7:30 AM - 9:00 AM | Entrepreneurship Ecosystem Meetings |
9:00 AM - 9:30 AM | Networking |
9:30 AM - 11:00 AM | Capturing Value |
11:15 AM - 12:45 PM | Cost of Customer Acquisitions (COCA) |
12:45 PM - 1:45 PM | Lunch and Check In: How are we doing? Where are we going? |
1:45 PM - 2:45 PM | Intro to Entrepreneurial Marketing |
2:45 PM - 3:00 PM | What Did We Learn Today? |
3:15 PM - 4:30 PM | Team Working Sessions |
4:30 PM - 6:30 PM | Simulation Lab: Business Model/LTV |
4:30 PM - 6:30 PM | Simulation Lab: Go to Market/COCA |
7:00 PM - 9:30 PM | Celebration Reception and Dinner |
THEME OF THE DAY: Financials, Financing & Exit Strategy
7:45 AM - 8:30 AM | Breakfast |
8:30 AM - 10:00 AM | Financial Literacy |
10:15 AM - 11:30 AM | Financing the Entrepreneurial Venture |
11:45 AM - 1:00 PM | Entrepreneurial Leadership & Culture |
1:00 PM - 2:00 PM | Lunch |
2:00 PM - 3:15 PM | What VCs Look for in Startups |
3:15 PM - 3:30 PM | What Did We Learn Today? |
3:30 PM - 4:30 PM | Final Presentation Overview |
4:30 PM - 6:00 PM | Team Working Sessions |
6:00 PM - 8:00 PM | Final Presentation Coaching Lab |
THEME OF THE DAY: Final Presentations and Close
7:45 AM - 8:30 AM | Breakfast |
8:30 AM - 10:30 AM | Team Presentations with Judges |
10:45 AM - 12:45 PM | Final Presentations with Judges |
12:45PM - 2:00 PM | Celebration Lunch and Guest Speaker |
2:00 PM - 3:00 PM | Awarding of Certificates |
3:15 PM | Program Concludes |
Sample Program Schedule
Schedule at a Glance
DAY 1
1:00 PM - 7:00 PM
DAY 2
7:45 AM - 7:30 PM
DAY 3
7:00 AM - 8:00 PM
DAY 4
7:00 AM - 9:30 PM
DAY 5
7:45 AM - 8:00 PM
DAY 6
7-45 AM - 3:15 PM
Select a day below to view a sample schedule.
Select a day below to view a preliminary schedule for that day.
Day 1
1:00 PM - 2:00 PM | Registration & Networking |
2:00 PM - 2:45 PM | Welcome & Program Overview |
2:45 PM - 3:45 PM | MIT Spirit of Entrepreneurship |
4:00 PM - 6:30 PM | Idea Pitch and Team Formation |
6:30 PM - 7:00 PM | Wrap-up |
Day 2
7:45 AM - 8:30 AM | Breakfast |
8:30 AM - 9:45 AM | Overview of the 24 Steps and Determining What Can You Do For Your Customer? |
10:00 AM - 11:15 AM | How to Get Started: Who is Your Customer? |
11:30 AM - 1:00 PM | Primary Market Research |
1:00 PM - 2:00 PM | The Path to Final Deliverables and Lunch |
2:00 PM - 3:30 PM | Customer Product Mapping |
3:30 PM - 3:45 PM | What Did We Learn Today? |
3:45 PM - 5:00 PM | Team Working Sessions |
5:00 PM - 7:00 PM | Simulation Lab: Defining Target Customer |
5:00 PM - 7:00 PM | Simulation Lab: Quantified Value Prop |
7:00 PM - 7:30 PM | Simulation Lab Debrief |
Day 3
7:00 AM - 7:30 AM | Breakfast |
7:30 AM - 9:00 AM | Entrepreneurship and Ecosystem Meetings |
9:00 AM - 9:30 AM | Networking |
11:15 AM - 12:45 PM | High-Level Product Specifications and Iterating (A/B Testing) |
12:45 PM - 1:45 PM | Lunch |
1:45 PM - 2:45 PM | How to Build a Great Product |
3:00 PM - 4:30 PM | Dilemmas in Launching Entrepreneurial Organizations |
4:30 PM - 4:45 PM | What Did We Learn Today? |
4:45 PM - 6:00 PM | Team Working Sessions |
6:00 PM - 8:00 PM | Simulation Lab: Product |
6:00 PM - 8:00 PM | Simulation Lab: Competitive Advantage |
Day 4
7:00 AM - 7:30 AM | Breakfast |
7:30 AM - 9:00 AM | Entrepreneurship Ecosystem Meetings |
9:00 AM - 9:30 AM | Networking |
9:30 AM - 11:00 AM | Capturing Value |
11:15 AM - 12:45 PM | Cost of Customer Acquisitions (COCA) |
12:45 PM - 1:45 PM | Lunch and Check In: How are we doing? Where are we going? |
1:45 PM - 2:45 PM | Intro to Entrepreneurial Marketing |
2:45 PM - 3:00 PM | What Did We Learn Today? |
3:15 PM - 4:30 PM | Team Working Sessions |
4:30 PM - 6:30 PM | Simulation Lab: Business Model/LTV |
4:30 PM - 6:30 PM | Simulation Lab: Go to Market/COCA |
7:00 PM - 9:30 PM | Celebration Reception and Dinner |
7:45 AM - 8:30 AM | Breakfast |
8:30 AM - 10:00 AM | Financial Literacy |
10:15 AM - 11:30 AM | Financing the Entrepreneurial Venture |
11:45 AM - 1:00 PM | Entrepreneurial Leadership & Culture |
1:00 PM - 2:00 PM | Lunch |
2:00 PM - 3:15 PM | What VCs Look for in Startups |
3:15 PM - 3:30 PM | What Did We Learn Today? |
3:30 PM - 4:30 PM | Final Presentation Overview |
4:30 PM - 6:00 PM | Team Working Sessions |
6:00 PM - 8:00 PM | Final Presentation Coaching Lab |
Day 5
7:45 AM - 8:30 AM | Breakfast |
8:30 AM - 10:30 AM | Team Presentations with Judges |
10:45 AM - 12:45 PM | Final Presentations with Judges |
12:45PM - 2:00 PM | Celebration Lunch and Guest Speaker |
2:00 PM - 3:00 PM | Awarding of Certificates |
3:15 PM | Program Concludes |
Day 6
Ready to light your entrepreneurial spark?
Sample Program Schedule
Resources to help you launch your entrepreneurial journey.
Apply now for a once-in-a-lifetime
experience with extraordinary peers.
Entrepreneurship Development Program