The - MIT Innovation Initiative Brochure

The MIT Innovation Initiativecollaborates with all five schoolsat MIT to strengthen the vibrantculture and programmingof innovation and principledentrepreneurship.”Our mission is to connect the varied pathways andnetworks in this domain to equip the MIT communityand its partners to move powerful ideas fromconception to impact.We combine opportunities for handson innovation and entrepreneurshipeducation, building a dynamic innovationinfrastructure across campus, andfostering a connected community ofinnovation science researchers focusedon global relevance and impact.We are committed to strengtheningMIT’s innovation and entrepreneurshiplandscape by: Serving as a connector acrossthe wide range of student groups,programs, and campus centersdedicated to innovationand entrepreneurship. Supporting MIT’s most successfulinnovation and entrepreneurshipprograms to reach more studentsand external partners. Filling gaps in the landscapethrough the creation ofnew educational programs,research efforts, and physicalinfrastructure that will positionMIT to thrive for years to come.“Our students are driven tomake a positive differencein the world. We need toenable them to hone theirskills in translating ideas toinnovations, so they can goon to provide solutions thatscale rapidly and achievebroad impact. We must alsoconnect that work of MITto the global innovationeconomy. That’s exactlywhat the MIT InnovationInitiative is designed to do.”Vladimir Bulović, Associate Dean forInnovation, Co-Director of the MITInnovation Initiative, Fariborz Maseeh(1990) Professor of Emerging Technology, MacVicar Faculty Fellow

Education & PracticeThe Innovation Initiative supportsa number of existing programsacross MIT in an effort to expandcapacity to reach more studentsand partners. In addition, wecreate new educational offeringsthat fill key gaps in the innovationand entrepreneurship curriculum.MIT CommunityResourcesEntrepreneurship &Innovation MinorThe Entrepreneurship & Innovation Minor educatesstudents to serve as leaders in the innovation economywith the knowledge, skills, and confidence to develop,scale, and deliver breakthrough solutions to real-worldproblems. They will be prepared to do so within a rangeof organizational contexts: an entrepreneurial startup oftheir own, as key members of a founding team, or as anentrepreneurial member of a large organization.I&E Resource GuideAn interactive, online guide of over80 resources for innovation andentrepreneurship on campus.Launched in fall 2016 by the MIT Innovation Initiative andjointly offered through the School of Engineering andSloan School of Management, the minor is designed as aninterdisciplinary program with a coherent combination ofconceptual and practical elements that draws on a wealthof prior educational activities in this domain.Entrepreneurship & Innovationon MITxI&E Landscape Annual ReportA publication of the MIT innovationand entrepreneurship year in review,highlighting center and programactivities, achievements, and featuredstudent profiles.I&E Community ForumAn annual gathering of MIT’sinnovation and entrepreneurshipfaculty and staff, meant to fostercommunication and collaborationacross campus.In partnership with MIT’s Office ofDigital Learning, the Innovation Initiativeis creating an integrated set of onlinegraduate-level courses that can beutilized by a variety of programs acrosscampus and around the world.

Research & PolicyDrawing from many intellectual frameworks and academic disciplines,the Innovation Initiative aims to provide a clear and useful vision oftoday’s innovation economy while exploring its future potential for agreater diversity of participants, ideas, and outcomes.MIT Lab f or Innovation Science and PolicyThe MIT Lab for Innovation Scienceand Policy is an MIT-wide laboratoryestablished to help develop the fieldof innovation science, an emergingarea that systematically studies thepractice of innovation—moving ideasfrom inception to impact.Areas of FocusEngaging experts from across MIT and partnerinstitutions in cross-disciplinary research, thelab develops innovation science using anevidence-based, scientific approach drawingon diverse methodologies. Results contributeto fundamental knowledge of the innovationprocess and aid decision-makers as they facean ever more complex innovation landscape.The Lab for Innovation Science and Policystrives to become the place that policy makers,senior executives, and entrepreneurial leadersturn to for evidence-based guidance on thedesign of innovation-focused policies andprograms in their organizations, local regions,and nations. The lab’s overall program ofresearch takes an evidence-based approachto understanding: Policies that shape innovation at thenational and ecosystem level. Programs used to promote innovation. People driving innovation withinlarge companies and startups.Innovation MetricsThe measurement, evaluation, andvisualization of metrics for innovation,including those that trace the linkagesamong key ecosystem stakeholders.Innovation PoliciesExploration of the impact of policies oninnovation-driven entrepreneurship andecosystems.Innovation ProgramsExploration of the impact of programson innovation-driven entrepreneurship.Innovation BoundariesDefining and understanding the factorsthat enable innovation practitioners towork most effectively across boundaries.Innovation Scale-UpWorking collaboratively to understandthe role of manufacturing and productionin the innovation process.“Our goal for the Lab forInnovation Science andPolicy is that it will becomethe place that policy makers,senior executives, andentrepreneurial leadersturn to for evidence-basedguidance on the design ofinnovation-focused policiesand programs in theirorganizations, local regions,and nations.”Fiona E. Murray, Associate Dean forInnovation, Co-Director of the MITInnovation Initiative, and William Porter(1967) Professor of Entrepreneurship

Innovation & Entrepreneurship3645student groups at MITare focused on innovationand entrepreneurship31%of MIT alumniare named asan inventor ona patentmakerspaceson campusAs a whole, MIT alumni–founded companiesexhibit strong performance in comparisonwith baseline US statistics. While roughly50% of US newly formed businesses survivefor five years or more and 35% last for 10years, approximately 80% of new companiesfounded by MIT alumni survive for five yearsor more and 70% last for 10 years, accordingto our results.40%23%of MIT alumnihave launched2 companiesof MIT alumnifounded firmsoutside the US30,000employeesof MIT students joinstartup companies(10 years ago it was 6%)currently active companiesfounded by MIT alumni 4.6 million15% 1.9 trillionin annual revenueAll data from Entrepreneurship and Innovation at MIT: Continuing Global Growth and Impact, 2014the GDP of the 10thlargest economy in the world

Community & InfrastructureIn order to ensure that MIT is positioned for long-lasting impactand leadership, the Innovation Initiative is cultivating enhancedcommunities and infrastructure to support current and futureeducation, practice, and research.Project Manus is expanding MIT’s networkof makerspaces into a comprehensivemaker system to meet the needs of a newgeneration and set the gold standard inacademic maker systems worldwide.MIT has long been a leading example of how tointegrate making into education—a process in whichtheory and knowledge are transformed into practicalexperience and real-world problem-solving skills.Maintaining this leadership requires adaptationof new technology, tools, training, and means ofimproving access for students. Project Manus’ goalis to maximize the impact of making upon academicand extracurricular life, to foster student communitiesaround maker-based learning, and to provide a makerecosystem wherein student ideas become worldchanging technologies.MobiusA system designed to help the MIT communitynavigate the vast array of resources used tomake or measure available on campus.Mobius also enables facility and equipmentmanagers to manage their spaces, equipment,and user training. MIT community membershave access to this system via the Mobius iOSor Android app.MakerLodgeA program to train every incoming freshmanin the use of maker tools. Once a studenthas completed their introductory trainingand successfully built their project, they willbe eligible to join one of 10 makerspaces oncampus. In addition, they will be matchedwith communities of other students who haveshared interests.The MIT Hong Kong Innovation Node is a collaborative space thatconnects the MIT community with unique resources—including advancedmanufacturing capabilities—and other opportunities and local stakeholdersin Hong Kong and the neighboring Pearl River Delta.By convening students, faculty, andresearchers from MIT to work onentrepreneurial and research-basedprojects alongside students, faculty, alumni,entrepreneurs, and businesses basedin Hong Kong, the Innovation Node iscombining resources and talent to help theMIT community learn how to move ideasmore rapidly from the lab to market.The programs and physical space of theNode will enhance the campus landscapeand provide unique points of view andcontext for understanding global problemsand developing solutions at scale.

MIT Innovation InitiativeMassachusetts Institute of TechnologyOne Broadway, 12th Floor (E70) Cambridge, MA 02142innovation.mit.edu

design of innovation-focused policies and programs in their organizations, local regions, and nations. The lab’s overall program of research takes an evidence-based approach to understanding: Policies that shape innovation at the national and ecosystem level. Programs used to promote innovation. People driving innovation within