Phil Budden


Phil Budden

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Phil Budden is a Senior Lecturer at MIT's Management School, in Sloan's TIES (Technological Innovation, Entrepreneurship and Strategic Management) Group, where he focuses on innovation ecosystems around the world, their key stakeholders, and especially, ‘corporate innovation’.

Phil co-teaches in the successful 'Regional Entrepreneurship Acceleration Program' (REAP), an MIT global program for teams from around the globe interested in accelerating 'innovation-driven entrepreneurship'; in his related class, known as the 'Regional Entrepreneurship Acceleration for Leaders' (REAL: 15.364); and on similar topics—especially ‘corporate innovation’—in a variety of executive degree and ExecEd settings. 

Phil's approach combines academic, historical, and real-world perspectives on how different stakeholders—including entrepreneurs, universities, and 'risk capital' providers, alongside corporate enterprises and government policymakers—can all contribute to building successful innovation ecosystems. His background as a diplomat makes him well-suited to the 'global innovation' of REAP/REAL, the interplay among the stakeholders, and to the negotiations within the 'innovation ecosystems' (especially for Corporate and Government stakeholders).

Prior to MIT, Phil had served as a British diplomat (1993-2013), with his first decade focused on Britain's membership of the European Union (EU), involving its key economic, financial, and technology policies.  After 9/11, his second decade as a British diplomat was spent in the US: first at the British Embassy in Washington (2002-2007), focused on transatlantic economic and business issues, including technology security, international science and innovation links, and trade policy; and later based in Boston (2007-2012) 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 history and international political economy from the University of Oxford.


"Strategically Engaging With Innovation Ecosystems."

Budden, Phil and Fiona Murray. MIT Sloan Management Review, September 2022.

"Kessel Run: An Innovation Opportunity for the U.S. Air Force."

Budden, Phil, Fiona Murray, Isaac Rahamim, Dylan Brown, and Nick Setterberg, MIT Sloan Working Paper 6513-21. Cambridge, MA: MIT Sloan School of Management, May 2021.

"Cybersecurity, Innovation, and Regional Ecosystems: A Comparative Study."

Stebbins, Katie, Roni Zehavi, Godfrey Gaston, Phil Budden, Fiona Murray, and Lars Frølund, MIT Sloan Working Paper 6514-21. Cambridge, MA: MIT Sloan School of Management, April 2021.

"Differentiating Small Enterprises in the Innovation Economy: Start-ups, new SMEs & other Growth Ventures."

Budden, Phil, Fiona Murray, and Ogbogu Ukuku, MIT Sloan Working Paper 6515-21. Cambridge, MA: MIT Sloan School of Management, January 2021.

"Leading Innovation: Identifying Challenges & Opportunities using MIT's Three Lenses."

Budden, Phil, and Fiona Murray, MIT Sloan Working Paper 6214-20. Cambridge, MA: MIT Sloan School of Management, March 2020.

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