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Jackson W. Goss Fellowship Program Created at The Martin Trust Center for MIT Entrepreneurship

Bill Aulet, Managing Director, Martin Trust Center for MIT Entrepreneurship; Richard Cosnotti, Managing Trustee, Anne Goss Foundation; Steve Sciaretta, Goss Family Attorney and Longtime Family Friend; David Schmittlein, John C Head III Dean; and Fiona Murray, Associate Dean for Innovation, Alvin J. Siteman (1948) Professor of Entrepreneurship, Faculty Director, Martin Trust Center for MIT Entrepreneurship, and Co-Director, MIT Innovation Initiative

A generous $5 million gift from the Anne Goss Foundation, established by Anne and the late Jackson (“Jack”) Goss, has enabled the creation of the Jackson W. Goss Fellowship. The gift will provide educational and financial support for promising student entrepreneurs from MIT and beyond to pursue their business ideas full-time on campus.

The Goss Fellows will receive workspace, funding, mentoring, and instruction to develop their startup ideas as part of the MIT Global Founders’ Skills Accelerator (MIT GFSA), a summer program that runs from June through August. The first class of Goss Fellows will be students selected for the summer 2014 MIT GFSA program.

“The Goss Fellows will hone their business ideas by learning the theory, frameworks, methods, and techniques of innovation-driven entrepreneurship,” said Bill Aulet, managing director of the Martin Trust Center for MIT Entrepreneurship and a senior lecturer at the School. “Our goal is to produce a new generation of highly prepared and well-connected entrepreneurs capable of creating businesses that solve some of the world’s greatest challenges.”

Jack Goss was a native of Lamar, Missouri, who fought in the Battle of the Bulge and was a decorated war hero in his youth. He later had a long and successful career in the investment management industry; he was a partner at Putnam Management Company in Boston, and served as the president of Investor Mortgage Insurance, which he helped build into a $6 billion insurance operation. Goss passed away in December 2013.

“Jack constantly emphasized the need to improve society by utilizing the most powerful force the world has ever seen: capitalism,” said Aulet.

“To do this most effectively, Jack believed you needed to take teams of strong, disciplined individuals, provide them with expert training, and also give them the time and space to experiment. Such is the credo with which Jack so successfully lived his life, and such is the legacy that the Jackson W. Goss Fellows will carry forward.”