GFSA 2016 runs from June 7 to the first week of September.
Program concludes the first week of school with visits to New York and San Francisco following the Demo Day. All dates TBD.
APPLICATIONS ARE NOW CLOSED.
Applications will open on March 1, 2016. Application deadline is 8:00pm EDT on March 31, 2016. See key dates page for details.
Your team must contain at least 2 members, and no more than 5 members. All team members should be founders or founder-level (so don't list any interns or others who are not committed to becoming full-time entrepreneurs through this project).
At least two team members must be a current student in an MIT degree-granting program as of February 2016. (A post-doc can be counted as an MIT student for this purpose.) For this application process, MIT students who graduate in February or June 2016 are considered current MIT students.
Teams must commit to working full time in the GFSA office space in the Martin Trust Center for the duration of the summer (June 7 to first week of September), and present at Demo Day events in September.
Teams must have demonstrable experience and understanding of the entrepreneurial process and must demonstrate familiarity with common frameworks including disciplined entrepreneurship, lean startup, business model canvas and the like.
Past participants in the MIT GFSA (or its predecessor, the MIT FSA) are not eligible to apply.
Teams must disclose in their application all sources of funding the team has received. There are no restrictions on whether a team has funding going into the GFSA. However, be advised that we are looking for teams that can significantly gain from the program -- we're not just taking the teams that are the closest to being full-fledged companies.
There should be one entry per founding team. There are two parts to the application for GFSA:
- Applicants shall fill out an on-line application form in which they will outline details about their team, their idea, the problem they are trying to solve, how they were inspired to solve this problem, their proposed solution, and how they believe this solution might support a sustainable stand-alone business.
- Applicants shall also upload a 1-minute video to YouTube and provide a link to this video from the application form (see above). If you like, you can make it unlisted, but please make sure you don't set it to private or disallow embedding (or we will not be able to view it). This one-minute video should contain two elements:
- Team - who you are, what you do, why you're here (each team member should be included)
- Idea - provide an elevator pitch about the problem you are trying to solve, your proposed solution and why you feel passionate about this.
The applications will be reviewed by a team of judges.
A subset of teams will be invited to interview with us during the weeks of April 4 and April 11. Teams will be notified of their acceptance status by April 18, 2016. See key dates page for details.