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MIT Hosts Innovative Startup Competitions in 2018 for Student and Non-Student Entrepreneurs

Are you an entrepreneur with a strong interest in either social change, healthcare, or clean energy? MIT is hosting three startup competitions in 2018 to help students interested in those fields gain the tools and experience to help further their startups and business careers. Ventures outside of MIT are eligible to enter based on the criteria of each competition.

The IDEAs Global Challenge is MIT’s annual social innovation competition in which teams will present their projects focusing on community service and social impact that will benefit an underserved community. The team leader must be a current full-time MIT student (at either the undergraduate or graduate level), but the students are strongly encouraged to work with entrepreneurs from across the globe to help make their visions a reality.

The competition is designed for projects that are currently in their pilot or testing phase, as the grand prize will be a 15-month grant to implement the project. Interested teams should apply by March 1, 2018 and final proposals from those selected are due to the judges by April 3rd, 2018.

The finals will take place on April 21st on the MIT campus when teams will give judges their pitches, answer questions, and display prototypes/ images. This will be followed by a public showcase of all the selected team projects. The winning team will be announced on April 21st.

The Sloan Innovation Healthcare Prize (SHIP) is a pitch competition designed for student entrepreneurs from MIT, Harvard, Boston University or Tufts whose startup ideas are related to innovation in healthcare. The mission of SHIP is to support early stage healthcare startups by providing feedback from experienced industry professionals, workshops on pitch instruction, and a chance to compete for more than $30,000 in prize money. This year’s grand prize is $25,000 and sponsored by Optum, health services and innovation company.

The finals are open to the public and admission is free. Interested teams must apply by January 31st, 2018.  The semi-finals are on February 21st and 22nd, and the finals will be on March 8th.  More information on eligibility, the competition schedule, and how pitches should be structured can be found on the competition’s web site.

The MIT Clean Energy Prize is a competition open to all students across the world that are working toward building a startup related to clean energy.  Teams may include non- students, as long as half of the team is, at minimum, a half-time student. Teams will compete for the $100,000 grand prize or for one of the prizes under the following categories: Generating Energy, Delivering Energy, Improving Energy Usage, and Energy for Developing Economies. The submission deadline is February 15, 2018. The top two teams for each category will present their final pitches on April 13th.