An MIT Executive Education capstone global initiative designed to help regions accelerate economic growth and social progress through innovation-driven entrepreneurship (IDE).
The MIT Regional Entrepreneurship Acceleration Program (reap.mit.edu) provides opportunities for communities around the world to engage with MIT in an evidence-based, practical approach to strengthening innovation-driven entrepreneurial (IDE) ecosystems. We achieve this by translating research insights into practical frameworks, convening stakeholders focused on IDE, and educating regional leaders through team-based interaction to achieve economic and social impact.
MIT REAP: Translate, Convene, Educate. Impact.
- Translate research and expertise into practical frameworks, approaches and actions with widespread global application.
- Convene stakeholders (corporate, risk capital, entrepreneur, university and government) from ecosystems around the world to build a community for collaboration and learning.
- Educate regional innovation ecosystem leaders through team-based learning to facilitate meaningful economic and social outcomes.
- Impact regions through the development of new programmatic and policy interventions that build on strengths and support weaknesses to support IDEs.
MIT REAP admits teams from up to 8 partner regions annually, which are comprised of 5-8 highly driven and influential members and is headed by a regional champion. For information on past and current participants and assembling an ideal REAP team please see links below:
- Cohort 1 regions select here
- Cohort 2 regions select here
- Cohort 3 regions select here
- Cohort 4 regions select here
- Cohort 5 regions select here
MIT REAP is currently accepting applications for Cohort 6 through end of January, 2018. Formal acceptance into the program will happen in April 2018 and MIT REAP Cohort 6 Action Phase 0 will launch in July 2018 with Workshop 1 being held at MIT in October 2018. Here is the link for the online application.
For related articles and press please visit MIT REAP news.
During the two-year engagement, regional teams are empowered to:
- Deploy MIT rigor and use data-driven frameworks to deepen analysis and evaluate their current entrepreneurial ecosystems.
- Catalyze action through the development of a common agenda and a set of shared measurements to support the construction and implementation of a strategic framework for driving regional IDE impact.
- Leverage understanding of key drivers of successful IDE ecosystems to design and implement key programs and policies.
- Share best practice from world-renowned MIT faculty and other MIT REAP partner regions.
- Build bridges across and between regional stakeholders to drive regional strategy development and implementation.
- Exchange ideas externally with other partner regions and the MIT REAP community.
- Cultivate a global community of regions and individuals interested in ecosystem development.
MIT REAP involves four action-learning cycles over a two-year period and graduation into the MIT REAP Global Innovation Network. These cycles involve four highly interactive workshops every six months, which are interspersed by five action phases:
- A typical workshop is 2 1/2 days and consists of lecture and discussion, case study analysis, ecosystem tours, programmatic deep dives, group work report-outs, and preparation for action phases. Three workshops are hosted at MIT and one workshop is hosted by a selected partner region.
- Action phases are the active time between workshops where teams return home to deepen analysis, validate assumptions with a broad network, and implement new programs, policies, and interventions.