There is a growing ecology of resources at MIT that support student ventures – from grounded ideation in programs like D-Lab to launch mechanisms like the $100k business plan competition. The idea behind Pitch Kitchen is to create an informal environment where students can trial their venture pitches in from of a mixed audience – representatives across these resources – and receive helpful feedback that sets them up for success down the road.
We had our first Pitch Kitchen in February 16. Peter Kang of Team AQUA presented the idea and business model for his project – an online game that is one part education tool and another part charity platform. In the room were representatives from $100k Emerging Markets Track, the Entrepreneurship Center, a communications expert from CSAIL, and yours truly from IDEAS/GC.
Kudos to Peter for his stamina – after presenting his 8-minute pitch he endured nearly a solid hour of intense questioning from panelists – all with the intent of helping Peter and team AQUA sharpen their message around a few key areas:
- Community connection and impact
- Transparency and accountability in income and expenditures
- Representing communities without exploiting ie “gamifying” communities
- Business and sustainability model
- Translation of online income into on-the-ground impact
Interested in experiencing the crucible? Join us for the next Pitch Kitchen on Wednesday, 3/16 from 5:00-7:00pm in 4-145. Questions? Email lhtorres at mit dot edu.