- 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.
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
- 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.