The Corporate Innovation Program Overview

Through a thoughtful and customized series of engagements, case studies, workshops, demonstrations, hackathons, and interactive discussions—at MIT, corporate campuses, or virtually—you will gain a unique MIT-insider perspective establishing a foundation for future strategic corporate/university partnerships.

Program framework 

The Corporate Innovation Program is designed to provide your organization opportunities to learn about innovation as defined by MIT, practice innovation skills, engage with MIT’s I&E ecosystem, and sustain innovation practices.

Learn MIT Innovation

Explore the fundamentals, best practices, and the value of innovation ecosystems.

Practice Innovation Skills

Build teams, define challenges, explore new approaches, and flex your creative problem-solving skills.

Engage with MIT’s I&E Ecosystem

Explore connections with MIT experts around specific topics that you help select.

Sustain Innovation Practices

Stay agile, connected, and innovative even after you complete your twelve month program.

Program framework 

The Corporate Innovation Program is built upon giving you and your organization opportunities to learn about innovation as defined by MIT, practice innovation skills, engage with MIT’s I&E ecosystem, and sustain innovation practices.

Learn MIT Innovation

Explore the fundamentals, best practices, and the value of innovation ecosystems.

Engage with MIT’s I&E Ecosystem

Define company-specific innovation opportunities, build teams, and flex your creative problem solving skills.

Practice Innovation Skills

Work with MIT’s robust and diverse network to solve problems that we define together.

Sustain Innovation Practices

Stay agile, connected, and innovative even after you complete your twelve month program.

Leveraging the Innovation Ecosystem Stakeholder Model

The Corporate Innovation Program leverages the Innovation Ecosystem Stakeholder Model. This program was built upon this model, and continues to refer to it as tenets are developed and custom curriculums are built.

The Innovation Ecosystem Stakeholder Model focuses on 5 stakeholders: government, corporate, academia, risk capital, and the entrepreneurial community. It aims to inspire people who care about innovation in a certain region identify the strengths of the five stakeholders and how they interact.

A twelve-month program designed to help you address your key innovation challenges

During the program, you’re encouraged through relevant coursework, events, panels, and opportunities to consider how you apply insights within your organization.

You will embark on a twelve-month journey of learning, ideation, and discovery. Starting month one, your team will foster meaningful relationships with MIT’s diverse community. 

Agility in the age of COVID-19

As the entire MIT community adjusts to the new reality of Covid-19, we at The Corporate Innovation Program and MITii have adapted to an increasingly digital world. 

The twelve month program as designed has been amended to showcase our courses, hackathons, and panels remotely. For more information, contact CorporateInnovation@mit.edu.

Program timeline

The MIT Corporate Innovation Program consists of six synergistic modules, each composed of unique MIT content, and curated to optimize corporate experiential opportunities. The modules in combination deliver a signature MIT experience for corporations.

Click on each subject to learn more:

Program timeline

This program features six key subjects, and presents electives for conferences, guest lectures, executive education, mentoring, recruiting, visiting fellows, and professional education.

Month 1

MIT INNOVATION FUNDAMENTALS

Your organization will be introduced to innovation as defined, researched, and practiced at MIT, innovation success factors at the individual and organizational levels, and the role of regional innovation & entrepreneurship ecosystems.

Month 3

HACKATHONS

Your members will attend events to practice team building, ideation, creative problem solving, and other innovation skills.

Month 5

EXPERT PANELS

Your members will attend company-specific events that bring together a focused group of corporate executives and MIT faculty to address a strategic problem space defined by your organization. 

Month 7

FUNDING BOARD

Your organization will define a specific problem for multiple student groups to solve and present in a competition-like event. Your organization may select, and provide funding for, development of a solution you consider valuable. 

Month 9

STUDENT PROJECTS

Your members will engage with students or student group through an internship (engaging an MIT student to work on a project for the company) or by participating in a capstone project (employees and students work on a project together). 

Month 11

SUSTAINING INNOVATION

Your members will attend a series of presentations and workshops to engage your organization with groups in the MIT innovation ecosystem. This is to enable continuing focus on innovation.

An innovation mindset for the future of your organization

The relationship we build will last well after your custom curriculum is completed. By fully engaging with the program, member corporations have the opportunity to benefit from:

INNOVATION INSIGHTS AND PRACTICE

  • A new definition & approach to innovation​
  • The understanding of innovation success factors & best practices​
  • The roles of internal & external ecosystems​
  • Peer-to-peer corporate insights

EMERGING TECHNOLOGY EXPLORATION

  • The ability to identify emerging trends in technology & pathways to implementation
  • A broad and deep connection with leading MIT researchers & faculty

EMPLOYEE INSPIRATION

  • Opportunities for employee participation at MIT and at corporate locations
  • New strategies to inspire employees to think and work differently

STUDENT ENGAGEMENT

  • The opportunity to work with MIT students thus establishing access to potential future employers

A STRONG BRAND PARTNERSHIP

  • Prominent recognition as members of the MIT Corporate Innovation Program
  • A lasting, productive relationship between your brand and MIT

A LIFETIME OF INNOVATION

  • A new approach to innovation that will boost ideation, collaboration, communication, and action.

Leveraging the Innovation Ecosystem Stakeholder Model

The Corporate Innovation Program leverages the Innovation Ecosystem Stakeholder Model. This program was built upon this model, and continues to refer to it as tenets are developed and custom curriculums are built.

The Innovation Ecosystem Stakeholder Model focuses on 5 stakeholders: government, corporate, academia, risk capital, and the entrepreneurial community. It aims to inspire people who care about innovation in a certain region identify the strengths of the five stakeholders and how they interact.

The MIT Innovation Ecosystem Stakeholder Model

WORKING PAPER

MIT’s Stakeholder Framework for Building & Accelerating Innovation Ecosystems

Dr. Phil Budden
MIT Sloan School of Management

Prof. Fiona Murray
MIT Sloan School of Management
MIT Innovation Initiative

Start your innovation journey.

The Corporate Innovation Program is suited for organizations that strive to strengthen their innovation mindset and seek to address innovation challenges with guidance from MIT.

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