The MIT delta v accelerator is the capstone entrepreneurial experience for students at MIT.
- 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: early June (often the first Monday of the month)
- Demo Day: early September (scheduled for Friday, September 8th this year) at MIT’s Kresge Auditorium
- NEW for 2023: Optional fundraising extension during September & October 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)
How it works
From June to early September, teams have dedicated space in the co-working environment of the Trust Center on the MIT campus, or the NYC Startup Studio in Manhattan. They will work on their ventures full-time for the whole summer.
Teams will define and refine their target market, conduct primary market research and build knowledge about their customers and users. They will run experiments to validate or invalidate their key hypotheses with potential customers. They will be building and nurturing their founding team. They will make progress on the mechanics of starting their venture.
The MIT delta v organizing team, in conjunction with the advisory board assigned to your team, will determine the amount of milestone money, if any, to be awarded each month. You have the ability to receive additional funding up to $20,000 in milestone money during the duration of MIT delta v.
Only current MIT students, as defined in the “Eligibility” section, are eligible to receive the $2,500/month fellowships. Only students listed in the submitted application will be eligible as well.
The fellowships will only be awarded during June, July, and August. The MIT delta v organizing team, in conjunction with the advisory board, will determine which team members will receive the fellowships. In general, a team member needs to be founder-level and work full-time at the MIT delta v site to receive money for a particular month.
Remember that all payments are considered income and are therefore taxable. Non-U.S. citizens are typically subject to a 14% tax withholding from any money they receive. We do not provide tax guidance.
MIT delta v culminates in Demo Day, typically held at the beginning of the school year in early September at MIT, this year scheduled for Friday, September 8th at Kresge Auditorium. Demo Day is a celebration of the work every team has made over the summer in front of a packed audience of friends, students, press, investors, and more, as well as thousands of global web streamers.
For those teams that continue with the optional fundraising extension, they will be able to take part in 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).
While we will keep all information within MIT delta v judging and organizing teams, we cannot guarantee complete confidentiality of information.
MIT delta v focuses on entrepreneurship skills, so we do not anticipate any intellectual property will be created as a direct result of MIT delta v.
Furthermore, MIT does not consider use of office space, libraries, machine shop facilities, and consumer-grade computers as constituting a significant use of MIT resources.
If your company is built around intellectual property developed using significant MIT resources, you should consult MIT’s policies for more information. The MIT Technology Licensing Office controls MIT intellectual property and can help you with questions.
The relevant MIT policies are:
- TLO 2.1 https://tlo.mit.edu/learn-about-intellectual-property/ip-policies
- MIT Policies 13.1 https://web.mit.edu/policies/13/13.1.html