Hitting the Tough Shots - MIT Sloan School of Management

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Continued from page 3 MIT Public Service Center Announcements continued 11/22 – 12/14 MIT Giving Tree – it’s here! Brighten the holidays for a local child! Please join your fellow MIT community members in supporting this great MIT holiday tradition. Through the Giving Tree, you can donate gifts to children in the Boston and Cambridge area. Each year, over 500 MIT faculty, staff, students, and partners provide gifts to over 600 children affi liated with 13 local service agencies. Co-sponsored by the MIT Public Service Center and the Panhellenic Association, the Giving Tree allows participants to choose specifi c gifts for specifi c children, making the gift-giving process a more personalized one for all. Here’s how to participate: 1.) Stop by the MIT Public Service Center at 4-104 between November 22 and December 14 (Monday- Friday 9:00 a.m. – 5:00 p.m.) 2.) Pick up a gift label for a child – or choose more than one! 3.) Purchase, wrap, and place the gift label on your gift, and return it to the PSC in 4-104, no later than 10:00 a.m. on Tuesday, December 14. Questions? E-mail: mitgivingtree@mit.edu or visit: http://web.mit.edu/mitpsc/programs/givingtree/. PSC Grants application deadline is 12/2/10 Public Service Center Grants enable student service projects during the semester and over IAP. They have a rolling deadline, but if you plan to travel at the beginning of IAP we have an application deadline of December 2. Turn in your proposals, and turn your service ideas into action! Expedition Grants, supported by the Underclassmen Giving Campaign and the Alumni Association, enable continuing MIT students to travel to an unknown community and explore solutions to problems. Students have recently used Expedition Grants to start projects in New Orleans, Mexico, and Cameroon! Learn more at: https://giving.mit.edu/underclassmen-campaign/index.html 12/15 Would you like to thank a high school teacher who inspired you? Nominate your favorite high school teacher for the MIT Inspirational Teacher Award and get the chance to connect that teacher with a great bunch of MIT resources. Nominations are due before December 15. Visit http://web.mit.edu/inspire/nomination.html to complete the online nomination form. 4
Collapsible Air Freight Crate Wins MIT $100K Elevator Pitch Contest Fourth annual contest unfolded against backdrop of Time Travel theme From MIT Sloan Media Relations Offi ce Green Logistics, creator of a new collapsible air freight crate, won the 4th Annual MIT Elevator Pitch Contest, sponsored by the MIT $100K Entrepreneurship Competition. The winner was announced during the fi nal round of pitches held in front of an in-person and virtual crowd of more than 600 people on the MIT campus last week. More than 300 teams competed in this year’s contest, representing 23 colleges across the Northeast. Twelve fi nalists with ideas ranging from honey bee vaccines to instant night life updates delivered their pitches, with Green Logistics, pitched by Anand Dass, MBA ‘12, taking home the $5,000 Grand Prize. Elevator Pitch Contest participants, from L-R, Jarrod Phipps, MBA ’11, Lucas Behnke, MBA ’11, Cynthia Barnhart, MIT Interim Dean of Engineering, Daniel Vannoni, MBA ’11 and Anand Dass, MBA ’12. (Photo by Julie Williams) The aspiring startup Supply Change, pitched by Shayna Harris, an MIT Sloan School MBA, focusing on sustainable supply chain awareness, was awarded the $2,000 Runner-up and the $1,000 Audience Choice award. Best Bees, pitched by Noah Wilson-Rich, a Tufts University PhD student, which focuses on delivering vaccines to honey bees to increase their productivity, was also recognized with a $2,000 runnerup prize. “Five billion dollars in jet fuel is spent every year, shipping empty containers around the world” said Dass in his pitch. “Our invention solves a real problem and will help reduce this expense by 85 percent.” All Elevator Pitch Contest fi nalists, who were announced on the spot, were called down live out of the audience to deliver their pitch in 60 seconds or less to a panel of investor and entrepreneur judges. MIT Sloan MBA ‘11 and contest Director Luke Behnke said, “We introduced this element of surprise into the contest this year, with the intent of simulating what an entrepreneur might encounter when entering an elevator with an unknown investor.” This year’s contest was set against the thematic back drop of Time Travel, illustrating how the projects and research unfolding at MIT represent a vision into the future. The stage was dwarfed by a six-foot foot high time machine, with a fl ux capacitor, which greeted fi nalists as they came down to deliver their pitches. During a fi reside chat that kicked off the evening, Cynthia Barnhart, MIT Interim Dean of Engineering, and Bill Aulet, Managing Director of the MIT Entrepreneurship Center, talked about how MIT is leading the way in entrepreneurship and innovation, and how the MIT $100K plays an integral role in linking the campus. When asked why MIT students make such good entrepreneurs, Barnhart noted, “MIT students see a Continued on page 6 5
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Hitting the Tough Shots - MIT Sloan School of Management

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