The document discusses the 20-year impact of the MIT $100K entrepreneurship competition. It notes that over 120 companies have been started by alumni competitors, generating $700 million in venture capital funding, $12.5 billion in total market value, and over 2,500 jobs. The competition includes three contests across the school year to help develop ideas, form teams, and build business plans. Past winners have gone on to significant success, including one company receiving a $40 million acquisition offer and another raising $1.2 billion in venture funding.

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20 Years of $100K

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20 Years of $100K Impact
• 120+ companies
• $700 Million in VC funding
• $12.5 Billion in market value
• 2,500+ jobs
Figures extrapolated from 2006 data in:
Entrepreneurial Impact: The Role of MIT by Prof. Edward Roberts, February 2009

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Alumni Companies

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1 Competition – 3 Contests

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1 Competition – 3 Contests
Elevator
Pitch Contest
(EPC)
• SEPT - OCT
• Develop
IDEAS
Executive
Summary
Contest
(ESC)
• NOV - DEC
• Form
TEAMS
Business Plan Contest
(BPC)
• DEC – MAY
• Build
BUSINESSES

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1 Competition – 3 Contests
• Elevator Pitch Contest (Fall)
– 352 entrants – Biggest $100K contest ever!
– 500+ attendees at Finale in Stata Center
– 12 Schools: MIT, Yale, Harvard, Boston
University, Stanford, Colgate…
• Executive Summary Contest (Winter)
– Last year: 120 entries among six tracks
– $15K in prizes, expert feedback provided
• Business Plan Contest (Spring)
– Last year: 260 teams, 1000+ participants
– Each team: 1 VC Mentor, 1 Legal Mentor,
$1K expense account

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How the $100K works
• 100% student-run
– Team of 50+ organizers from MIT and other
Boston-area schools
– Leadership cycle runs during calendar year
to ensure knowledge transfer during Spring
• 100% sponsor-funded
– Single and multi-contest packages
– General and Track sponsorship

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How the $100K works – Sponsors

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“Recession Proof” in 2009

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A Record Year for the MIT $100K
260 submissions!
• Development
• Life Sciences
• Mobile
• Products & Services
• Web/IT
• Clean Energy Prize

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Winners in the News - Ksplice
Ksplice
• 2008 Executive Summary Contest Web/IT Track Winner &
Audience Choice Winner
• 2009 Business Plan Contest $100K Grand Prize Winner

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Winners in the News - FastCAP
FastCAP Systems
• 2008 Elevator Pitch Contest Grand Prize & Audience Choice Winner
• 2008 Executive Summary Contest Energy Track Winner
• 2009 Clean Energy Prize Semifinalist
FastCAP Systems wins ARPA-E Grant Award for
Transformational Energy Storage Technology Research

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Remarkable track record of success
$40 $64
$95
$175
$234
$325
$517
$1,200
• $10B in aggregate market cap created
• $2.5B of exit value captured
• 3 public offerings
• $700M of venture capital raised
• 125 venture equity placements
• 2,500 new jobs created
Source: MIT $100K Historical Analysis
Exit value of select MIT $100K competitors ($ Millions)

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