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
VMS Company SPOTLIGHT - AVATECH
We believe saving lives in our mountain communities starts with understanding the snow under our feet and avoiding avalanches before they happen.
AvaTech builds proactive avalanche safety systems to help people make better decisions in the backcountry.
Their first product, the SP1, is a rugged and portable probe that gathers instant, objective information about the snowpack. The SP1 takes over 5,000 measurements per second, provides accurate and repeatable results, and takes only seconds to output data that would take 15-20 minutes manually. The SP1 is equipped with Bluetooth so you can wirelessly sync snowpack data to your smartphone and our AvaNet cloud platform, which helps professionals manage, track and share SP1 data as well as manual snowpack observations.
what our mentees say
VMS was instrumental in getting us off the ground; our team of mentors had varied backgrounds and brought different perspectives on starting a business, everything from building a pitch, raising money, defining the product and building a viable business model. The VMS network of mentors and other ventures, continues to provide valuable advice to us as we scale our company. We feel lucky to have gotten this sort of support as we spun out.
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 companies in the news
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.
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