The Proto Venture process starts with identification of opportunities around a problem space or “channel” by the Sponsor.
A Venture Builder with deep technology experience is hired by MIT to lead discovery and experimentation of opportunities around that channel with advice from domain advisors that are experienced in technology translation.
The Venture Builder and an MIT team composed of Venture Fellows will de-risk any proposed solutions during the Discovery and Experimentation phases. These activities culminate with the forming of Proto Ventures which focus on technically feasible solutions, clear value propositions, product-market fit, and beachhead customers. A select few in this stage progress further to fully incorporate as a venture outside of MIT.