Important Dates

  • Applications open: beginning of March (often March 1st)
  • Applications close: end of March (often March 31st)
  • Interviews: beginning of April (if needed; not all teams are interviewed and being asked for an interview has no impact on a team’s acceptance status or likelihood)
  • Teams notified: mid April
  • First Day: early June (often the first Monday of the month)
  • Demo Dayearly September (often the first Friday of the school year) at MIT’s Kresge Auditorium, followed by additional, by-invitation-only Demo Days held in New York City and Northern California

Eligibility

  • Teams must contain at least two members and no more than five members.
    • All team members should be founders or founder-level (don’t list interns or others who are not committed to becoming full-time entrepreneurs through this project).
  • At least one team member must be a current student in an MIT degree-granting program as of February of the year of the program.
  • A post-doc will be counted as an MIT student for the purpose of participating in delta v.
  • For this application process, MIT students who graduate in February or June of the current year are considered current MIT students.
  • Traditionally, teams must commit to working full time in the MIT delta v office space in the Martin Trust Center or the NYC Startup Studio in New York City for the duration of the summer and present at Demo Day events in September.
  • Teams must have demonstrable experience and understanding of the entrepreneurial process and must demonstrate familiarity with common frameworks including disciplined entrepreneurship, lean startup, business model canvas, and the like.
  • Teams CANNOT simultaneously take part in MIT delta v and any other accelerator or incubator program.
    • Teams must be working full-time on their venture.
  • Past participants in the MIT delta v accelerator (under its current or past names) are not eligible to apply.
    • Team members from past years may apply if they are working on a new venture.
  • Teams must disclose in their application all sources of funding that the team has received.
    • Teams agree to suspend all fundraising activities until after Demo Day in September.
  • There are no restrictions on whether a team has funding going into MIT delta v, however, be advised that we are looking for teams that can significantly gain from the program; we’re not just taking the teams that are the closest to being full-fledged companies.

Application Instructions

Applications generally open at the beginning of March. The deadline is generally at the end of March (exact dates TBA).

  • Applicants shall fill out an on-line application form in which they will outline details about:
    • their idea
    • the problem they are trying to solve
    • how they were inspired to solve this problem
    • their proposed solution
    • how they believe this solution might support a sustainable, stand-alone business
  • We will ask for information about each individual co-founder who will be applying to the program.
  • Applicants must also upload a one-minute video to YouTube, Vimeo, or a sharable cloud-based link.
    • This 60-second video should contain two elements:
      • Team – who you are, what you do, why you’re on the founding team (each member should be included in the clip if possible)
      • Idea – provide an elevator pitch about the problem you are trying to solve, your proposed solution, and why you feel passionate about this

Deliberation Process

  • The applications will be reviewed by members of the Trust Center team and Managing Directors of the delta v program.
  • A subset of teams may be invited to interview with us during our review phase in early April.
    • Whether or not we request an interview with your team has no bearing on your eventual acceptance status.
  • Teams will be notified of their acceptance status no later than mid-April.