Terri Park | MIT Innovation Initiative
October 21, 2015

Nearly 70 global leaders spanning government, risk capital, university, corporate, and entrepreneurship sectors from eight diverse regions are convening in Cambridge this week for a three-day workshop hosted by the MIT Regional Entrepreneurship Acceleration Program (REAP). Forming the MIT REAP Cohort 3, teams from Tokyo, Japan; Beijing, China; Ashdod, Israel; Norway; Bangkok, Thailand; Al Madinah, Saudi Arabia; Santiago, Chile; and Wales, UK; will dedicate the next two years to working collectively with one another, with others from their region, and with MIT faculty and thought leaders to devise strategies to build a more robust innovation-driven entrepreneurial ecosystem. Relevant faculty from across campus with particular regional interests, are also engaging with individual teams. Additionally, several students from the Regional Entrepreneurship Acceleration Lab (REAL) class were selected to participate with teams from their home nations, strengthening ties from MIT to these regions at all levels.

Cohort 3 represents an expansion of the scope of regions previously engaged by REAP. “By bringing these teams together, REAP hopes to inspire collaboration amongst regions whose paths have never crossed before,” says Fiona Murray, the Bill Porter Professor of Entrepreneurship at MIT, associate dean for innovation at MIT Sloan, and co-director of the MIT Innovation Initiative. “Participants will benefit greatly from working in multi-stakeholder regional teams as they’ll be able to focus on collective action and impact rather than the perspective of a single stakeholder.”

MIT faculty, students, alumni and others from the Institute’s ecosystem will formally welcome Cohort 3 to the community at a celebration dinner on Thursday, October 22, 2015 at the Top of the Hub. Professor Vladimir Bulović, associate dean for innovation at the School of Engineering and co-director of the MIT Innovation Initiative, will give the keynote speech.

Conceived in 2011, REAP builds on MIT’s extensive experience as a key stakeholder in leading innovation ecosystems. Through the support of the MIT Innovation Initiative (MITii), REAP is also able to leverage MITii’s experience in leading innovation and entrepreneurship across broader global communities. As it enters its fourth year, REAP has engaged 23 regions to date, and has already seen positive impact from its workshops.