"I was able to channel the intellectual property that I created from my investigations to create a new company based on commercializing new orchid species."
Innovation Teams, or I-Teams — are a joint product of MIT Sloan and the MIT School of Engineering — and bring together creative and motivated science, engineering, and management students to learn the theory and practice of commercializing science. Students put their knowledge into practice in a semester-long project that assesses the commercial feasibility of scientific breakthroughs. Most I-Team projects are based on ideas at the proof-of-concept stage in MIT laboratories. Some will come to market.
I-Teams are one of MIT’s signature Action Learning programs, reflecting MIT’s "Mens et Manus" motto. The class project — together with lectures, dynamic discussions, and guest lecturers — is designed to give students the skills needed for the commercial analysis of novel scientific ideas. Lectures focus on the tools required for effective commercialization, from analysis of promising early-stage scientific ideas through commercialization strategies and the assessment of critical milestones.
I-Team Projects put these new skills into practice. In teams of four to six, students work closely with the Project Lead (PL) — typically an MIT faculty member — and other members of the project lab. Teams also have an advisor from the local entrepreneurial community to provide guidance and contacts.
Over the semester, teams build a thorough analysis of the commercial potential as well as the commercial risks of the idea, and propose a set of milestones for future development.
In some cases, students on I-Team projects continue to work with the Project Lead to shape commercialization even after the class ends. Several have joined with their PL or students in the lab to compete in the MIT $100K Entrepreneurship Competition. Companies created from I-Teams include Lantos Technologies, Myomo neurorobotic medical devices, and several ongoing “proto startups.”
“One of the reasons I came to Sloan was because I wanted to be at a top MBA institution worldwide. But I also wanted access to working with the latest innovations and the highest technology that was coming out of the MIT labs.”
“For 35 years, we’ve been studying how companies get value from information. … We try to help organizations take a more holistic view of what they are trying to do.”
“At MIT Sloan you have a lot of opportunities to explore entrepreneurship. Especially in a place like Kampala where you have a lot of development, entrepreneurship can be very exciting.”
“The conditions in the neighborhoods we were visiting were different than what we realized before getting there. Beyond that, what was surprising was that there weren’t surprises!”
“I knew about American business, but not enough about what’s really become a global economy. … You can read about it all you want, but there’s no substitute for being there and seeing the context and seeing how completely different these [other countries] are.”
“I can honestly say that when I was planning on coming to business school I never thought that witnessing the birth of a child would be included in the education. It was definitely an experience.”
“[The India Lab] program is one of the reasons I came to Sloan. ... The hands-on learning that MIT offers was a huge differentiator.”
“Because of the diversity of our backgrounds, when we hit the ground in Tanzania it almost was a natural play where different people assume different roles.”
“It was really rewarding that they wanted to know what we thought. We left there being fairly certain that they will do some of the things that we suggested.”
“We’re very interdisciplinary. Among the faculty in the group are an economist, a political scientist, a sociologist, and an industrial relations specialist. We’ve always made a big effort to be open to a variety of perspectives, but also to go beyond being open to them, to want to bring them in, because it makes for a richer environment.”
“Our mission, along with the mission of MIT Sloan, is to both develop leaders who make a difference in the world, and also to make a contribution to thinking about the topic of leadership.”
"The relationships that we forged helped us to turn out a better project. We were able to test our hypotheses with the people that we spoke with every single day. And really, I think the friendships that you develop really propel the work that you’re doing."
“I came to Sloan because of its high rankings within the sustainability community, specifically the professors. The S-Lab class itself is part of what drew me to Sloan. And the reason I came to business school was to learn the business speak that really is what connects with people."
“I love being in a place that is such a nexus of people and ideas — people coming to learn something new and to define themselves. Being a part of that process is a real honor and a real gift.”
“Technology interests me because it is the mechanism by which we can improve our lives. It also can have unintended consequences, which is why it is important to study its adoption and diffusion through the market.”