Transcript MIT VMS Outreach Immersion Program

MIT VMS Outreach Program
for
Korea
Nov. 20, 2014
MIT VMS 도입/활용
• MIT VMS 핵심 경쟁력:
– 시스템 및 프로세스: 2000년 이후
– 네트워킹: 멘토 및 MIT 커뮤니티
– 보스톤 지역 벤처 지원 프로그램 활용
• 국내 활용 :
– 글로벌SW융합벤처 육성
– 사내벤처 육성 지원
– 한소연 회원사 해외 진출 지원
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
공지사항
• 조직운영
• 사내 Venture 교육 Program 운영
• 협력 기관 : (사)창조경제연구회,
서울대학교 벤처경영기업가센터,
아이팩조정중재센터,
대전창조경제혁신센터,
미래글로벌창업지원센터
• Mentor training 장소 및 Agenda (12월 3일)
*뒷 페이지 참조
• MIT VMS 출범식 (12월 4일)
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Mentor Training Agenda
• 1) Curriculum & Discussion (1/2 day)
• 2) Practice & Mentoring Session (1/2 day)
• 09:00-12:00 Curriculum & Discussion
• 12:00-13:00 Lunch
• 13:00-14:00 Curriculum & Discussion
(Continued)
• 14:00-18:00 Practice & Mentoring Session
(장소: 카이스트 도곡동 캠퍼스)
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Implementing MIT VMS in Korea
• Objectives:
– Identify & Develop Global ICT Ventures
– Connect Ventures with MIT VMS
• Activities:
– Immersion Program Done in July
– Founding Mentor Selection in November
– Mentee Selection in November
– Mentor Training & Stakeholder Workshop in
December
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Overview of MIT
Facts
 MIT is a world-class educational
institution
 Focus on teaching and research — with
relevance to the practical world
 Founded in 1861
 Student body: ≈11,000
 Graduate/Undergraduate: ≈1.5:1 ratio
 1/3 international students
(118 countries)
MIT Killian Hall
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
MIT Economic Impact
• MIT Alumni founded 25,800 active
companies
• Employing 3.3 million people
• Generating annual world sales of $2 trillion
• MIT VMS is one of the key venture
programs
Source: Entrepreneurial Impact: The Role of MIT,
Edward B. Roberts and Charles Eesley,
MIT Sloan School of Management, February 2009
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
MIT VMS in Summary
•
•
•
•
•
Established in 2000
MIT Community Focused
Entrepreneur-centric
Volunteer-based Mentors
Team Mentoring
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
MIT VMS Statistics


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> 2,502 entrepreneurs / 1,435 ventures served
203 ventures currently working towards launch
172 ventures launched
> $1.5 billion raised by ventures
27 ventures / > $1 billion in liquidity events
Sustainability:


Mentor base growing by referrals: 180 active mentors
Entrepreneurs’ enrollment : 20-25/month
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Key Guiding Principles

Investment in Ventures
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
Operational Roles
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

Mentors must disclose intent
Mentors must recuse themselves from that team
Staff can not invest
Initiative must come from the venture through MIT
VMS office
Mentors must recuse themselves from that team
Confidentiality

Mentors and staff must sign a blanket NDA
MIT VMS Statement of Principles– appendix pg. 10
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Guiding Principles Enforcement

Mentors and staff shall remain vigilant regarding
any potential conflict of interest

Team mentoring enhances self-policing

Zero tolerance for violations
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
MIT VMS Organizational Chart - 2014
Office of the Provost
Operations Committee
Executive Committee
MIT VMS Staff
Mentors
(사) 한국소프트웨어세계화연구원
Entrepreneurs
(사) 창조경제연구회
Critical Startup Success Factors

Leadership

Well-defined Guiding Principles

Agreement on mission/goals

Stakeholder support

Focused pilot program
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
How MIT VMS Serves Entrepreneurs

Commitment to an entrepreneur is long-term

Services are free, confidential and objective

Advice is focused on the next 5 weeks, not 5 years


Entrepreneurs have access to a wide variety of professional
resources, contacts, skills and seminars
Entrepreneurs determine pace, drive communications
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Venture Triage Process

Application

Intake discussion

Not eligible

Illegal / unethical

Specific needs / not mentoring

Direction for additional preparation, if needed

Engagement in MIT VMS mentoring process
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Mature Ventures

Operating venture

Meetings occur less frequently

Layers of governance have been added

Roles of entrepreneurs may have changed

Venture has the talent, ideas, resources and opportuniti
es for success

Specific expertise needed

MIT VMS maintains contact / always available
Venture Case Histories – appendix pg.49
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Key Success Factor
A committed and qualified group of
mentors is the key to a successful ven
ture mentoring program
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Mentor: Characteristics & Qualifications

Enthusiasm for the program
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No personal agenda
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Ability to advise and coach
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Listening skills
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Significant and relevant experience
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Respected by colleagues
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Positive attitude

Time to participate

Comfortable with team mentoring
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
MIT VMS Mentor Training

Required for all new mentors

Available as refresher for all mentors

Delivered by a Co-Director
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
1-on-1 vs. Team Mentoring
1-on-1 Mentoring
• Team Mentoring

Singular experience

Shared expertise

Singular opinion

Diversity of opinions

Advice deemed gosp
el

Built in quality control

Enhanced social experi
ence

Learning from others

Limited interactions
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
The MIT VMS Mentoring Process
When deemed ready for full-team
mentoring, introduce to Mentors at
Monthly Mentor Meeting
Enroll
First
Meeting(s)
(2 Mentors)
Intro at
Monthly
Mentor Meeting
Ongoing
Meetings
(+ mentors)
Mentoring continues
with less frequent
contact
Launched
Keep venture moving forward
Add/subtract/change mentor team
as needs develop
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
90-minute Meeting Format
5 minutes
Venture / Mentor Introductions
5 minutes
Meeting Agenda / Entrepreneur’s Objectives
1 hour
Venture / Mentor Discussion
Entrepreneur: 20 minutes to present ideas / status
Lead mentor drives the agenda, distributes the
discussion among the mentor team
Lead mentor continually checks with entrepreneur
to insure the discussion is relevant / helpful
Entrepreneur takes notes of homework and follow-ups
10 minutes
Homework recap, Q&A, meeting notes reminder
10 minutes
Mentor team debrief
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Venture Life-Cycle
Conception/Brainstorming
Idea
Business Planning
Launched/Executing
Idea
Team Evidence
Validation
Launchable Full-time Growth
Expansion
Building Building
Source: MIT VMS
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Outreach Programs
• Mentor Training
– Train your founding mentors and leadership for effective,
unbiased mentoring
– Includes practice mentoring session(s)
– “Train the trainers”
– 1-day program, at your location
• Stakeholder Workshop
– Help build strong support in your community
– Local leaders, decision-makers, government/industry repr
esentatives, potential mentors and funders
– 1-day program, at your location
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회
Instructors for Outreach Programs
Lou Goldish, Senior Venture Advisor
Lou Goldish is responsible for intake of new ventures at MIT VMS. He was a founder and Managing
Director of the consulting firm Data and Strategies Group and spent 35 years as a management
consultant to corporations offering industrial, commercial, and technology based products and
services. Prior to joining MIT he was Relationship Manager for a leading supplier of management
software for very large databases and data-based enterprise systems. Goldish received a BS degree in
Mechanical Engineering from Case Institute of Technology and MS degrees in both Mechanical
Engineering and Management from MIT.
Kent Summers, Mentor
Kent Summers currently serves as Managing Partner with PCA, a management consulting firm
located in Boston, MA. companies. Kent began his career on Wall Street as a Program Trader on
the Options Trading desk at Bear Stearns & Co., and later, a Technology Analyst at EJV Partners
LLC. A graduate from the University of Houston (BA English), Kent is a co-founding member of the
World-Wide Web Consortium (W3C) Technical Advisory Board (MIT 1994). Mr. Summers is a Board
Member and advises a number of early-stage software companies in the Boston area
(사) 한국소프트웨어세계화연구원
(사) 창조경제연구회