Phil Budden is a Senior Lecturer at MIT Sloan, affiliated with the Martin Trust Center for MIT Entrepreneurship and the TIES Group.
He co-teaches a course on entrepreneurial ecosystems known as the 'Regional Entrepreneurship Acceleration Lab' (REAL) with Fiona Murray. REAL combines academic and real-world perspectives on how different stakeholders (including policymakers) can contribute to building successful ecosystems. Phil is currently on leave from the British Government, working in Boston's private sector for the Royal Bank of Scotland's US subsidiary, RBS Citizens, focusing on financing transatlantic (especially British-American) trade and investment.
In the fall of 2012, while a Visiting Scholar at MIT, Phil undertook a project on entrepreneurship for the British Prime Minister's office at No 10 (and UK Trade and Investment) to inform the UK's Entrepreneurs Campaign. From 2007 until 2012, he had served as the British consul general to New England. As consul general, Phil had responsibility for transatlantic business affairs including trade and investment, politics and policy issues, as well as science and innovation, leading him to an abiding interest in entrepreneurship. He moved the British Consulate to One Broadway (aka E70) to be closer to MIT Sloan, and the Cambridge Innovation Center.
Phil had joined the British Foreign Office in 1993. His first ten years as a diplomat focused on Britain's membership of the European Union and its key economic and technology policies. His second decade was spent in the US: first at the British Embassy in Washington (focused on transatlantic economic and business issues including technology security, international science and innovation links, and trade policy), and later based in Boston as Her Britannic Majesty's consul general to New England.
Phil holds a BA and MA in History from Lincoln College, the University of Oxford; an MA in history and government from Cornell University; and a PhD (DPhil) in international political economy from the University of Oxford.
General Expertise: Banking; Banking industry; Consulting; Economic development; Entrepreneurial finance; Entrepreneurial finance; Entrepreneurship; Europe; European Union (EU); Foreign investment; Global business practices; Global entrepreneurship; Global entrepreneurship; Globalization; Government; Innovation; International communication; International entrepreneurship; Internationalization; Leadership; National security; United Kingdom; United States
For more background on this faculty member's research and academic initiatives, please visit the MIT Sloan faculty directory.