Inclusive Innovation Grant Program

A grant program supporting undergraduate students who identify as underrepresented minorities at MIT

At MIT and most other STEM institutions, the term underrepresented minority (URM) in STEM refers to groups that are not represented in the STEM fields in numbers proportional to their composition in the U.S. population, defined as Black or African American, Hispanic or Latino, or Native American. 

The Inclusive Innovation Grant Program endeavors to close the racial innovation gap by reducing the financial barrier for underrepresented groups in STEM to pursue typically unpaid opportunities with startups—a problem that has been further exacerbated by the economic impacts of COVID-19 and the resulting reduction in the number of available internships. 

Eligibility

To be eligible to receive the Inclusive Innovation Grant, applicants must be:

  1. Currently enrolled MIT undergraduate students
  2. Find their employment opportunity through the Summer Startup Match platform
  3. Underrepresented defined as being:
  • Black or African American
  • Hispanic or Latino, or
  • Native American

Program Benefits
The program provides a supportive environment that includes

  • 1:1 mentorship from MIT staff
  • Hands-on paid experience with an MIT affiliated startup
  • Peer support through regular virtual community-building events to ensure a meaningful experience over the span of up to 8 weeks from July 2020 to August 2020.
    Inclusive Innovation Grantee Slack channel
    — Cohort Zoom Meetings
    — Connected to virtual events within the I&E ecosystem 
  • Students who successfully complete the program receive an MIT Innovation Initiative Certificate of Completion
  • Invitation to participate in an innovation sprint program in early Fall. 

Students are highly encouraged to participate in the additional program benefits as part of their remote cohort.

This program is completely remote and all MIT Innovation Initiative communication and work will happen via email, Slack, and Zoom.

The grant amount is $15.00/hr.  Hours are determined by the startup and Grantee. The grant payment per recipient shall not exceed $5,000. The end of this grant period is Friday, August 28th.

 

If you secure an internship through the Summer Startup Match platform and have indicated on your form that you are eligible to receive Inclusive Innovation grant funding, you do not need to take any further steps to enroll for grant funding.

 

If you have any questions regarding the program, eligibility, etc., please contact: InclusiveInnovation@mit.edu