VMS is open to all members of the MIT community (students, faculty, staff and alumni) who have ideas and want to start new businesses. Learn more

HISTORY

The MIT Venture Mentoring Service (MIT VMS) was founded in 2000 after two successful MIT-affiliated serial entrepreneurs – the late Professor David Staelin and alumnus Alexander Dingee – independently approached Provost Robert Brown with similar proposals to remedy a gap in how the university supports emerging entrepreneurial ventures. Convinced of the need, the Provost charged the two with developing a program. Learn more

what our mentees say

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VMS has been an exceptional resource. When we set out, we were three co-founders with an idea and some technology. Our mentors helped guide us to turn those ideas and technology into a product and company. They helped us focus on what's most important at each stage along the way. Our mentors have been a great sounding board; with their help, we spun out of Draper Laboratory, raised venture capital, and are building an exciting, new, scalable cyber-security business.

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The wisdom of experienced mentors at the VMS has really helped us get started and allowed us to move fast.

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When we first started out we were a consulting organization. VMS was instrumental in helping us design the original business and helped us as we shifted to a product company. They also provided a lot of critical early advice. Now, VMS is a great community of fellow entrepreneurs!

APPLY

VMS is open to all members of the MIT community (students, faculty, staff, and alumni) who have ideas and want to start businesses. You must be based in the greater Boston area.

VMS in the news

W8X takes home $50K Gold prize, ReviveMed receives in-kind gifts as silver winner, at MassChallenge 2017 awards. Read More.

Optimus Ride Gets $18M to Commercialize Self-Driving Car Tech. Read More.

Zombait on CNBC TV show Adventure Capitalists. Click here for the video.

Julianna Rae in the Boston Globe: The rocket science of designing lingerie for real women. Read More.

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support vms

Did you know that the MIT Venture Mentoring Service relies almost entirely on private donations? With your generous financial support, you will join those that have shown their commitment to helping VMS educate MIT's emerging entrepreneurs. Learn more.

ADOPTING the mit vms model

MIT VMS can help you establish a formal, sustainable and scalable mentoring program based on our model. Learn more.

Company Spotlight - Nesterly

nesterly is a digital meeting place that helps unlock the potential of our homes and communities. Through nesterly, households with spare space can easily connect with others who are seeking affordable, medium-term housing. Guests can exchange help around the house for reduced rent, and households can make better use of their empty rooms.

nesterly recently began a partnership with the City of Boston. Read More.

Learn more from their website or by reading about them in the MIT Alumni Association Slice of MIT online publication.

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Stearns

The launch of my company, Nairobi Capital, Inc., was fine-tuned at VMS. VMS provided me with a platform to develop the initial idea into a credible business proposal from which I was able to raise money and start the business. We have been in operation for the last 7 years, registering steady growth and being profitable every year. More important is the positive impact that we are making in Kenya by enhancing entrepreneurship and providing employment. Thus, it is no surprise that when aspiring young MIT entrepreneurs approach me for advice, I always refer them to VMS as a starting point.

Kirimania is an avid entrepreneur with a focus in emerging markets, specifically Kenya. He is the president & CEO of Nairobi Capital, Inc., a company whose main operations are in Kenya in business finance and real estate development. VMS thanks Kirimania for his generosity to MIT and the MIT Venture Mentoring Service.

Learn more about Kirimania and how to support VMS.

DONOR SPOTLIGHT - Kirimania Murithi