MIT Climate & Energy Ventures Class Webinar
15.366 MIT Energy & Climate Ventures is a project- and lecture-based course in which teams create a new business in the energy sector. The goal of Energy Ventures is to educate entrepreneurs through hands-on practical experience.
The application is now open for undergraduate and graduate students (and is due on August 2nd at 11:59PM), and the faculty will be hosting an informational webinar on August 1st at 12PM (recommended to join if you want to participate in the course in the fall).
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More about the course:
Teams of engineering, policy, and business students are paired with technologies from MIT and surrounding labs to determine the best path for commercialization. These teams then spend the fall semester building their business plans.
This advanced entrepreneurship course goes beyond general entrepreneurial concepts to address special challenges faced in the clean energy and related industries.
The class gathers cross-disciplinary skills (technology, business, policy, law, etc.) to form teams around new technologies emerging out of several of MIT’s labs. Over the course of the semester, students will work with their team to build out the venture’s business and market-launch efforts.
The class has spun out over 50 ventures over the last ten years, with many achieving significant market traction.
Sectors include:
-energy & power
-transportation & mobility
-agriculture & food
-carbon sequestration & resources/environmental
-advanced materials & chemicals and
-enabling technologies
This course is one of the most popular in the nation for student-driven energy entrepreneurship, and it carries with it the spirit of the MIT Innovation Initiative and leverages the resources of the Martin Trust Center for MIT Entrepreneurship.
Energy Ventures teams have performed exceptionally well in business plan competitions after the class has completed (including the MIT Clean Energy Prize, the MIT $100K Business Plan Competition, and the energy track of the Rice Business Plan Competition. OptiBit (now Ayar Labs), founded through the course in 2014-2015, won the 2015 MIT Clean Energy Prize.
You can read more on the Climate and Energy Ventures Orbit page - this site includes a 5 minute video from Tod Hynes, Sr. Lecturer at MIT, who leads 15.366. You can also review our short 15.366 presentation with more details on the class