Important Dates for 2023

  • Applications opened: Wednesday March 1, 2023
  • Applications closed: Thursday, March 30, 2023
  • Interview period: 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: Monday June 5, 2023
  • Demo Day: Friday September 8,2023 at MIT’s Kresge Auditorium
  • NEW for 2023: Optional fundraising extension during September & October will be followed by additional, by-invitation-only Demo Days held in New York City and Northern California (currently scheduled for Monday Oct 23rd in NY and Thursday Oct 26th in CA)

Info Session Recording

Info Session Slide Deck

(click image to open)

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 MIT delta v NYC offices 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 opened on March 1st and closed on March 30th for 2023.

  • 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.