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
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.
The wisdom of experienced mentors at the VMS has really helped us get started and allowed us to move fast.
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!
VMS-MENTORED COMPANIES in the news
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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.
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MIT VMS can help you establish a formal, sustainable and impactful mentoring program based on our Model. Learn more.
Modulate uses machine learning to convert your voice as you speak.
A self-funded startup that was founded in 2017 by two MIT grads, their technology allows users to completely customize their voice using "voice skins."
You can try Modulate and alter a recording of your own voice for free on their website: modulate.ai
You can learn more about Modulate in a recent article announcing their launch in Bostinno: Want to Sound Like Barack Obama? This New Boston Startup Gives Your Voice a Makeover
VMS Company Spotlight - MODULATE
When we started Terrafugia we were in graduate school at MIT: three of us in Aeronautics and Astronautics, two in the Sloan School. Our educations and experience to date were extremely valuable, but not sufficient to prepare us for all of the intricacies of starting and funding a company. The mentorship we got from VMS in the "nuts and bolts" areas of entrepreneurship, as well as the more strategic and inspirational aspects, was critical to our surviving those early years and getting Terrafugia to the point where it was organizationally stable. We still have a lot of work to do in our original mission of revolutionizing personal transportation, but we're a lot farther down that path than we would have been without VMS being with us in the beginning. We are believers in "paying it forward" and hope to inspire the next batch of MIT startups to also do something revolutionary.
Anna and Carl Dietrich are co-founders, with fellow MIT Aero/Astro and Sloan graduates, of Terrafugia, developer of the Transition roadable aircraft and TF-X flyable car. The Terrafugia venture team joined VMS in 2005. VMS is sincerely grateful for their personal and financial support.