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Posts Tagged ‘accelerator’

I came across a nonprofit organization called BUILD on the website of the accelerator incubator MassChallenge (where Erik is among 26 finalists who will be honored at Tuesday’s awards). BUILD helps inspire students to graduate from high school by getting them engaged in an entrepreneurship project.

“MassChallenge Partner BUILD Greater Boston is gathering a select group of entrepreneurs to mentor student business teams in some of the city’s lowest performing high schools.

“BUILD is an exciting 4-year college success program that uses entrepreneurship to motivate disengaged students to excel academically, graduate from high school, and succeed in college. …

“To help students become college-eligible, BUILD also provides tutoring, test prep, mentoring, and college planning advice. Entrepreneurship is the hook — but college is the goal. Over the past 13 years, 95% of BUILD seniors nationally have been accepted to college, with 88% accepted to 4 year colleges and universities.

A student team calling itself “the Dream Team and their mentors, including MassChallenge Alumni Shonak Patel, won 1st place at the Youth Business Plan Competition at Northeastern University on June 2, 2012, receiving $1,500 to start their business.”

According to the Bay State Banner, the Dream Team’s product is an “inspirational iPhone case, made of bamboo and customizable to have the purchaser’s own dream etched into it.” More here.

See video highlights of the competition from the Boston Business Journal.

Being a BUILD mentor gave me the opportunity to use my passion for entrepreneurship to inspire greatness in others.— Shonak Patel, Charlestown Mentor and MassChallenge Alumni. 

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Fun time at Mass Challenge!​

Mass Challenge is an incubator “accelerator” for entrepreneurial companies, perhaps the biggest worldwide. I’ve blogged about it before.

Of the 125 finalists in this year’s challenge, 48 gave one-minute pitches last night to an audience of about 200 friends, family, and investors at 1 Marina Park on the Boston waterfront.

Besides being entertaining, it was inspiring. So many people working hard on so many great ideas!

A couple noteworthy presentations were from MIT people. Helmet_Hub tapped the skills of MIT materials science students to create a helmet-vending machine. They have already partnered with the City of Boston’s Hubway, which lends bikes point to point. Another MIT-based organization, Global Research Innovation & Technology (GRIT), uses bicycle parts to make inexpensive wheelchairs for Third World patients. Very impressive. (More on GRIT here.)

I also wrote down that soundfest has a better kind of hearing aid. Prime Student Loan screens students so banks can make a safe loan even if graduates have no FICO score.

Wanderu was one of the few female-run companies. It does for ground travel what kayak and others do for air. Zoomtilt creates ads that are said to be so funny and entertaining, people actually want to watch them. Guided Surgery Solutions helps oral surgeons drill into the right place.

Roameo helps you find out what’s going on near where you are right now. Newartlove helps artists sell their work. Social Made Simple helps small businesses with social networking. (Check it out, Luna & Stella.) CellanyxDiagnostics has a more precise test for prostate cancer than the PSA.

I will likely follow up on a worthy-cause business called Bootstrap Compost. They teach you to compost, give you the bucket, pick it up, deliver it to farms, and give leftover compost to schools. You can have some, too. Bootstrap is very low-tech, doing most travel on bikes. It is proud of keeping tons of food scraps out of landfills.

I was also impressed at the Mass Challenge diversity — men, women (OK, not many women), old, young, scientists, artists, business types, different races, different nationalities, humorous, solemn.

No need to worry about the economy long term. Not with the joy of invention alive and well.

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John pointed me to an article on the kinds of work environments that encourage innovation.

Aimee Groth at Business Insider writes, “In his article, Groupthink, the New Yorker‘s Jonah Lehrer says there are two types of brainstorming — a free-for-all exchange of ideas in a structured environment, and a random, unplanned debate. Only the second type really works.

“He says M.I.T.’s famous Building 20 … became one of the most innovative spaces in the country because it fostered the best kind of brainstorming.

“The building was created to provide extra room for scientists during WW II, reports Lehrer, and ‘violated the Cambridge fire code, but it was granted an exemption because of its temporary status. … The walls were thin, the roof leaked, and the building was broiling in the summer and freezing in the winter. Nevertheless Building 20 quickly became a center of groundbreaking research, the Los Alamos of the East Coast.’

“It wasn’t demolished after the war because there were too many students and too little space on campus. So the building became a hodgepodge of offices, with professors and students from all different departments squeezed in small spaces and long corridors. …

” ‘Walls were torn down without permission; equipment was stored in the courtyards and bolted to the roof. … The space also forced solitary scientists to mix and mingle.’ ”

More.

Makes me think of the layout at Mass Challenge, the accelerator incubator for entrepreneurs that I blogged about here. (Did I mention that a family member read that post, sent in an application under the wire, powered through layers of screening, and is now working away as part of the class of 2012?)

The Mass Challenge space is not dangerous like Building 20, but the founders probably heard about the benefits of Building 20’s layout through their connection to MIT. The Mass Challenge work space is an unfinished floor in an upscale office building on the waterfront, 1 Marina Park. Everything is open and interactive.

The harbor views are a bonus unknown at Building 20.

 

 

 

 

 

 

 

 

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