MIT launches first
graduate-level course in the country on financial technology applications
New hands-on FinTech Ventures course focuses on building financial technology innovative businesses
November 16, 2015 – The Martin Trust Center for MIT Entrepreneurship and
the Finance Group at the MIT Sloan School of Management, in collaboration with
the MIT Department of Electrical Engineering and Computer Science and Harvard
Law School, have launched a new, groundbreaking course called FinTech Ventures,
the first graduate-level course covering financial technology applications in
the United States.
“MIT has always been at the forefront in financial
innovation and as financial technology is becoming more important in the
financial world, we thought it was imperative to have a class covering this new
trend,” says Antoinette Schoar, Michael M. Koerner (1949) Professor of
Entrepreneurial Finance, who co-leads the course together with Bill Aulet,
Managing Director of the Martin Trust Center for MIT Entrepreneurship.
Throughout the courses’ seven weeks, students will explore
different sub-industries within the FinTech space, including consumer finance,
payments, trading and cryptocurrencies. Enrolled students will be asked to
develop business plans for their own FinTech ideas in teams that will be
eligible to compete in the new MIT FinTech Competition in early April 2016.
“The class is part of a major effort to promote FinTech on
campus and the Competition will be a huge incentive for students to continue
with their ideas,” says Carlos S. Altable (MIT Sloan MBA ‘16), the FinTech
Practice Leader at the Martin Trust Center who helped to develop the course
together with Schoar and Aulet.
Aulet has run similar “Ventures” model courses at MIT Sloan
where they function as cornerstones of innovation ecosystems in a particular
industry. “What makes these Ventures courses so powerful,” says Aulet, who also
leads the very successful Energy Ventures course, “is to have a group of smart
students with strong enthusiasm to start companies in the same industry. It is
amazing to see them giving each other honest feedback and constant help.”
The MIT Sloan School of
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