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MIT rewards and recognizes student excellence in Entrepreneurship with a range of awards and scholarships. Many are offered through the Entrepreneurship Center, others are independent awards or programs.
AWARDS FROM MIT ENTREPRENEURSHIP CENTER
THE CARROLL L. WILSON AWARD
The Wilson Award provides opportunities for MIT graduate students to
explore important societal problems or opportunities with international dimensions. The award
includes a grant of up to $7,000 to pursue research opportunities overseas.
THE PATRICK J. MCGOVERN, JR. '59 AWARD
The McGovern Award is given to an individual or team that, in working
closely with the MIT Entrepreneurship Center, has made a significant impact on the
quality and overall spirit of entrepreneurship at the Institute. The objective of the
award is to motivate future student leaders, raise the profile of student-led organizations,
and reward individuals for outstanding achievement in building entrepreneurial excellence.
THE RONALD I. HELLER ENTREPRENEURSHIP GRANT
The Heller Grant is presented annually to a student group or
individual student, working closely with the MIT E-Center, who makes a
significant impact on the quality and overall spirit of entrepreneurship
at the Institute.
THE DAVID '41 AND LINDSAY MORGENTHALER FELLOW
The Morgenthaler Fellow is recognized for his or her Ph.D.-level research in entrepreneurship.
THE JOHN C. HEAD III '70 SCHOLARSHIP
Recipients of the Head Scholarship in International Entrepreneurship are
recognized for applying the lessons they have learned at MIT within an
international business environment.
AWARDS FROM OTHER AREAS OF MIT
DESHPANDE CENTER FOR TECHNOLOGICAL INNOVATION GRANT PROGRAM
Ignition Grants This funding -- up to $50,000 to an MIT School of Engineering faculty member-- targets projects focusing on novel, enabling, and potentially useful ideas in all areas of technology. Though it might enable only exploratory experiments and proof of concept, an Ignition Grant also might position projects to receive further funding, such as an Innovation Program Grant, to take a concept to full development.
Innovation Program Grants Innovation Program Grants -- for as much as $250,000 to an MIT School of Engineering faculty member -- can remove obstacles associated with more advanced ideas and keep the innovation process on track and moving forward. They're meant to benefit projects that have progressed beyond their earliest stages - projects that have established proof of concept and identified an R&D path and IP strategy. Ultimately, each grant will help a project build a package to bring to venture capitalists or companies that might invest in its technology.
THE LEMELSON-MIT STUDENT PRIZE
The Lemelson-MIT Student Prize is an annual $30,000 cash award presented to an MIT senior or graduate student demonstrating remarkable inventiveness. The 2002 Lemelson-MIT Student Prize was awarded to Andrew Heafitz, an MIT doctoral candidate from Newton, MA, whose notable inventions include a low-cost rocket engine and an aerial surveillance system designed for the U.S. Army.
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