Proto Ventures Roles

VENTURE BUILDERS | VENTURE FELLOWS AND TEAM | MIT FACULTY | ADVISORY BOARD | MITii

VENTURE BUILDERS

A Venture Builder fills a fully funded, high-profile position built to find MIT ideas that are translatable. These are individuals with deep technical experience and relevant market knowledge. The Venture Builder has access to resources that can incentivize MIT faculty to participate in the Proto Ventures process.

DRIVE NEW VENTURES

Venture Builders are expected to perform as drivers of new venture formation by extending and applying deep technical knowledge. Venture Builders are not burdened by prior experience on how things should be done, but instead are totally dedicated to discovering the “right” answer and not making the problem fit a particular answer.

LEAD TEAM FORMATION

Venture Builders lead team formation and research through the early development phases. Venture Builders join for a period of one to two years. They are expected to oversee and develop multiple venture exploration and building projects and foster a multi-disciplinary problem-solving culture. The expectation is for Venture Builders to join a resulting Proto Venture as senior management.

OVERSEE VENTURE FELLOWS

Each Venture Builder oversees a team of Venture Fellows. In early phases, the Venture Builder trains, employs, and supervises this select group tasked with overseeing the management of projects.

A Venture Builder gets: 

Compensated like a venture capital associate

Autonomy and independence to experiment across MIT like a PI

IP rights and ownership like a post-Doc

Leadership opportunities like a startup founder

Budget to create teams and run projects

We would love to talk with you about becoming a Venture Builder. 

 

VENTURE FELLOWS AND SUPPORTING TEAM

Venture Fellows are post-docs or graduate students in deep tech areas with a passion to change the world with technology that participate in the venture building process for a limited period of time. Many Venture Fellows will decide to join the Proto Venture full time.

Venture Fellows may be recruited from individuals that would have opted to post-doctoral positions elsewhere, technically savvy Sloan fellows, graduating masters or undergraduate students that have shown an unusual inclination for multi-disciplinary work straddling the academic-industry boundary. On the job “training” and supervision will supplement the background of these candidates with the skills necessary to succeed as Venture Fellows. Depending on their MIT status Venture Fellows and team may be supported by the Proto Ventures program to pursue the venture exploration. 

 

MIT FACULTY

Key faculty members from MIT are the source of big ideas and technologies that can create high impact. Most act as technical advisors and consultants to the Proto Venture.

ADVISORY BOARD

The Proto Ventures Program has multiple channels. Each channel has an advisory board made up of experts from around MIT that are in related fields to the channel. In early stages, the board helps define the focus areas. Subsequently, the board will be the decision body that approves ideas moving through each phase and will select projects for Proto Venture funding.

MITii AND MIT AT-LARGE

Development, coordination, and administration of the Proto Ventures Program are executed by the MIT Innovation Initiative with oversight by the deans of engineering and Sloan School, and the MIT Provost. Governance of contracts, intellectual property, and other related subjects are handled through the normal MIT offices and processes.