MIT’s Creative Arts Competition Accelerates Art-Focused Ventures

 

MIT’s Creative Arts Competition  pic

MIT’s Creative Arts Competition
Image: arts.mit.edu

A venture investor, Jean-Jacques Degroof helps grow startups into successful companies. A former affiliate researcher at the MIT Industrial Performance Center, Jean-Jacques Degroof was in subsequent years involved in supporting MIT’s Creative Arts Competition as a sponsor and a member of its jury.

MIT’s Creative Arts Competition is an year-long program put together to accelerate startups focused on the intersection of the arts and technology. The competition is open to founders who have one or more MIT students on their teams and have ventures that have arts at their core – those that address the needs of artists, producers, and other arts stakeholders.

Participating teams enjoy benefits such as access to MIT’s START studio specialized programming and MIT’s arts entrepreneurship incubator. The teams also participate in workshops at the Sloan School in which students receive mentorship from past winners of the competition and from distinguished MIT alumni. The mentors cover topics such as pitch preparation, customer development, and business plan creation.

Participating teams are expected to develop viable business plans to be judged based on their focus on the arts, potential for impact, and sustainability. The winning team receives a cash prize of $15,000 presented as a grant.

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