The Legatum Center for Development and Entrepreneurship’s objective is to support a community of students whose events and activities align with our center's mission to move ideas to impact in the developing world and solve complex challenges through innovation-driven entrepreneurship.
To request a club sponsorship please fill out the linked form
Please familiarize yourself with the application process and review the sample application and conditions of eligibility before applying. For updates on the Seed Grant Program and application notices, please join our mailing list.
Seed Grants fund travel to locations throughout the developing world. Staying true to our MIT motto, our Seed Grant program exemplifies elements of both Mens (mind) et Manus (hand) for students exploring innovation-driven entrepreneurship by:
Applicants must be current MIT students:
We are seeking self-motivated visionaries who are exploring opportunities for high-impact entrepreneurship in the developing world. Applicants may be in either ideation or exploration or execution mode—actively building prototypes and piloting their models.
1. Vision – We are looking for projects with a clear vision and well thought out plan for how the funding will be used and a strategy for preparing and executing your field trip or prototype construction. We want you to use the seed grant to explore opportunities for entrepreneurship in the developing world and transform ideas into action.
2. Impact-driven – We are looking for ideas focused in developing world markets that not only have the potential to accelerate economic progress (by creating jobs and increasing the average income per person) but also to accelerate social progress.
3. Innovation-driven – We are looking for you to discover, build, and scale ideas centered on new concepts that promote a competitive advantage based on an innovative technology, business model, or policy initiative.
Please note that students who have applied for Legatum Center Seed Grants in the past, regardless of whether they received an award, are eligible to apply for Seed Grants again. Previous submissions will not be reviewed.
Friday, Sept. 30th – IAP 2017 Seed Grant Applications Open
Monday, Oct. 31st – IAP 2017 Seed Grant Applications Close
Week of Nov. 21st – Award Notifications
A NOTE ON SEED GRANT DISBURSEMENT
With the award notification, you will receive information about the travel, lodging, meal, business meeting, ground transportation, and prototyping supplies, among other categories, for which you are eligible for reimbursement. To defray the costs of travel, award recipients may have the option of reserving round trip economy class airfare on an Institute travel card.
Upon completion of travel, the business pilot, or the prototype, awardees must submit a report on their learnings, complete a travel voucher, and participate in a poster session to share their progress with MIT’s community of developing world entrepreneurs.