The MIT Regional Entrepreneurship Acceleration Program (MIT REAP) is a hybrid educational, economic development and convening program at the Massachusetts Institute of Technology (MIT) to enable regional leaders to accelerate economic growth and job creation through innovation-‐driven entrepreneurship (IDE). Partner regions engage leaders from five stakeholder groups (government, risk capital, academia, entrepreneurs, and industry) with MIT faculty over a two-‐year period to leverage MIT expertise and frameworks, develop a customized IDE acceleration strategy and start the implementation process. Importantly, regional leaders, not MIT faculty, determine what needs to be done and how best to achieve their goals.
Global in focus, the program allows MIT to engage deeply with regions around the world, observe how frameworks are applied in practice, and learn from (and disseminate) ecosystems’ best practices and lessons learned. Participants learn by doing and benefit greatly from both MIT and cohort knowledge and mentorship. Now in its third year, MIT REAP has engaged over 15 regions around the world and is already seeing a preliminary and positive impact. Region graduates have released actionable strategic plans for entrepreneurial acceleration, catalyzed the development of nascent entrepreneurial ecosystems, and launched new IDE acceleration programs.
MIT REAP Information
Team Tokyo: Developing Story
In order to develop the Innovation Driven Entrepreneurship Eco-system in Tokyo, Team Tokyo was organized in October, 2015. Team Champion and five Stakeholder Champions were determined as follows,
In WS1, seven members attended to discuss the IDE Eco-system suitable for Tokyo, Japan. The slides presented by Team Tokyo is here.
Introducing Tokyo Team in WS1
MIT REAP Workshop 1
In Action Phase1, Team Tokyo analyzed the problems in Entrepreneurial Capacity in Japan and made a strategy which supports TUS students and faculties to start up by establishing Open Innovation Center.
The prize competition as catalysts to develop an effective IDE Ecosystem was also discussed on February, 2016. The detail is here.
Team Tokyo also decided to propose to host Workshop 3 in Tokyo.
Date: January 30 – February 1, 2017
Venue: Hotel Chinzanso Tokyo
In WS2 held on May 30 – June 1, the following 10 team members attended to study the Must Win Battle.
MIT REAP Workshop 2
In Action Phase2, Team Tokyo designed the IDE Ecosystem as follows,
Team Tokyo: Vision & Structure
The vision and Structure of the Tokyo Entrepreneurship and Innovation Center is as follows,