MIT Sloan School of Management announces the establishment of The Adolf F. Monosson Prize for Entrepreneurship Mentoring

CAMBRIDGE, Mass., November 30, 2004 — To honor the memory of MIT graduate Adolf F. Monosson, an annual prize has been established at the MIT Sloan School of Management by his friends, fellow alumni, and business associates.

The prize recognizes Adolf “Sonny” Monosson's life of advice and counsel, provided to his classmates, business clients, competitors, friends, and students on the nature, challenges, and solutions to creating and nurturing the growth and development of entrepreneurial enterprises.

In a business career that spanned 55 years after his graduation from MIT in 1948, Sonny Monosson created more than 10 businesses in the finance, publishing, computer, and leasing industries. He invested his time and monies in many other start-up enterprises and counseled hundreds of entrepreneurs and would-be entrepreneurs on the personal skills necessary for success.

Sonny Monosson was recognized by his peers and the press as a voice of reason and his advice was sought by those who came in contact with him.

In the spirit of continuing his selfless spirit and constant giving, the Monosson Prize for Entrepreneurship Mentoring is intended to honor those who support and guide the new generations of business pioneers who are blazing new pathways to entrepreneurship.

Professor Edward B. Roberts, the David Sarnoff Professor of the Management of Technology at the MIT Sloan School of Management and Founder/Chair of the MIT Entrepreneurship Center, will head the committee that will administer the annual prize.

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At MIT Sloan, companies are launched in courtyards and corridors. Research shows that start-ups conceived in a technology environment are the most successful.

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