The MIT delta v accelerator is the capstone entrepreneurial experience for students at MIT.
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 MIT delta v NYC 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.
Money
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.
Demo Day
MIT delta v culminates in Demo Day, typically held at the beginning of the school year in early September at MIT (usually the first Friday after Labor Day) 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 Investor Days held in New York City and Northern California (which will take place in October, exact dates TBD).
Confidentiality
While we will keep all information within MIT delta v judging and organizing teams, we cannot guarantee complete confidentiality of information.
Intellectual Property
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
Important Dates for 2024
- Applications open: Monday February 26
- Applications close: Monday March 25 at 12:00 noon Eastern
- 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: no later than Monday April 15
- First Day: Monday June 3
- Demo Day: Friday, September 6, 2024
- Optional Fundraising Month: During September & October, teams may apply to continue in delta v for our fundraising track, ending in additional, by-invitation-only Investor Days held in New York City and Northern California in October
Follow