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November 2015

The Creative Process

Launch starts before students even set foot on MIT campus with some assignments to be completed prior to arrival – primarily the creative process ideation and filtering.  The best ideas are at the intersection of students interests, passions, and market trends and needs.  Activities guide students through the process of diversion of ideas, then conversion, which then gets repeated in the first few days of the program in a group setting.  While ideas are often overrated (since most good ideas have been thought of before and success typically comes down to execution / commercialization), they’re still a necessary component of a good business!

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Check out this article by Launch student Josh Seides who was particularly inspired by the Creative Process and published “How to Turn Your Many Ideas Into A Million-Dollar Business”

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Hitchhiker’s Guide to the…2016 MIT Launch Application (3/4)

Hello again. Hope everyone had a happy Halloween! This week we’re going to focus on a trickier bit of the application (well it’s really not that tricky–it just looks confusing): the Entrepreneurial Baseline. What do we mean by “entrepreneurial baseline”?  We have identified some key questions that will give us a good idea of what kind of entrepreneur you are, your strengths, your motivations, and your expectations for MIT Launch and that #startuplyfe.

IMPORTANT: Don’t game your answers! What I mean is – don’t answer in a particular way because you think we’re looking for particular answers. There’s not a right or wrong answer – there are all different types of potential entrepreneurs – and we want to get a better sense of your potential role within a team, aspirations for the summer, and the person behind the resume.  Just be honest – we appreciate self-awareness, open-mindedness, and willingness to learn.  Plus, this helps us get an idea of where our incoming class is starting from (the baseline) so we know how best to tailor programming to reach our common goals.

Here are some of the more confusing questions explained:

Continue reading “Hitchhiker’s Guide to the…2016 MIT Launch Application (3/4)”

Hitchhiker’s Guide to the…2016 MIT Launch Application (2/4)

Hello again. I hope you all have started on those applications! This week we’re done with housekeeping–let’s talk about your schoolwork and your activities.

Transcript:
Basic School Info: This is pretty typical, the easy stuff 🙂

Class Rank: Don’t sweat it. Seriously. Class rank is calculated differently at each school and we know it. Providing your class rank will not hurt your application—it just gives us a little more context to see what the student body of your school is like.  This field is optional.

Grades/Advanced Coursework: Again, this should not be a stress point. Your admissions decision will never be based solely on your school grades or what classes you take because we know that there is a lot of variation in different schools (some offer 18 AP classes, while others might not have any!). We ask that you provide this information just to see how you are using the opportunities at your school and to see how you are challenging yourself, because at the end of the day Launch is all about being resourceful about the opportunities presented to you and challenging yourself.

Transcript Upload: Give us a copy of your transcript, which can be picked up from your school’s registrar or your counselor, or if your school uses an online grade reporting system such as Naviance, you may upload the transcript you find on there. Please DO NOT have your school mail the transcript, ONLY submit it digitally.  We also do NOT accept updated transcripts past the deadline of the application round to which you apply.  This means that if you really want to have your current semester grades as part of your application, you need to apply regular round. Sorry, you can’t apply early round and email us your transcript later.

Activities Involvement:

NOTE: You may add up to 5 activities. This doesn’t mean that you need to fill all 5, but also means that if you have more that you need to be selective in what you share.  Pick the ones that are most meaningful to you and those that demonstrate impact.

Role: Put your current role first (if you have had other roles in the program, list them after with the years you served in that role). If you do not have a title yet you may just put “member or participant”.

Description: The word limit is a 100 word MAXIMUM. You don’t need to write a profound and emotional reflection, just describe what you did and the impact of your activity.  Including any aspect that might make it entrepreneurial or your specific contributions can be valuable, but don’t feel like you need to be super sentimental or overly philosophical about it.  Being concise is appreciated.

Entrepreneurial program experience: If you have gone to other programs, let us know what you did there! We just want to get a sense of how much background our applicants may be coming in with. Don’t worry if you have not been part of an entrepreneurial program before—many of our students come in with little to no business backgrounds.  It takes a variety of backgrounds to start a company!

If you haven’t already, start your application today!  And check out our FAQs on the Launch website.  Plus check back for the next issue where we’ll cover the Entrepreneurial Baseline section of the application.

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