An MIT Executive Education capstone global initiative designed to help regions accelerate economic growth and social progress through innovation-driven entrepreneurship (IDE).
MIT REAP focuses on innovation-driven entrepreneurship (IDE). Partner regions form multi-disciplinary teams and commit to a two-year learning engagement with MIT. During this engagement, teams work with world-renowned MIT faculty and the broader MIT REAP community through a series of action-learning activities to build and implement a custom regional strategy for enhancing their IDE ecosystems.
MIT REAP admits eight partner regions annually to participate in the two-year engagement. A typical MIT REAP region has a population of one to three million people. Each partner region has a team comprised of five to eight highly driven and influential regional members and is headed by a regional champion. All five major stakeholder groups are represented in an MIT REAP team: government, corporate, academia, risk capital, and the entrepreneurial community.
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.