MIT Sandbox invites 11,000 students to innovate(news.mit.edu)

53 pointsby gwintrob10 anni fa9 comments

news.mit.edu

MIT Sandbox invites 11,000 students to innovate

http://news.mit.edu/2016/mit-sandbox-invites-students-to-innovate-0125

3 comments

MIT student here. I heard about this recently, and looked into it a bit as an interesting way to get some funding.

First of all, it's not like every participant gets 25K. Getting that level of funding would take some serious doing. It looks like 1-5K is more likely. Additionally, there are milestones, meetings, course requirements, and a whole lot of work required to get any significant funding. This might not be so bad for many early stage startups, but as a full time MIT student, taking on the extra workload is daunting.

In my opinion, it's not worth it. I am paying ~30K PER SEMESTER to be at this place, so I'm doing my best to focus all of my attention on learning my craft and jumpstarting my career. 25K sounds nice and is definitely nothing to scoff at, but in the broad scale it's a drop in the bucket, and requires getting all tied up in MIT's red tape (and also "Students who receive +$5K in funding will be encouraged to give back to the Fund or MIT"). There are easier ways to go about getting 1 to 25K in strings attached seed funding as an MIT student. The mentorship is potentially a good benefit, but I already receive mentorship from my professors.

I'm sure there are some students who might benefit from this, but I'm not convinced.

rgbrenner10 anni fa

speaking of getting tied up.. I wonder how this program applies to MIT's intellectual property policy: http://web.mit.edu/policies/13/13.1.html

Quote:

ownership of Intellectual Property developed by faculty, students, staff, and others participating in MIT programs, including visitors, with the significant use of funds or facilities administered by MIT will vest with MIT.

From my reading of the policy.. it sounds like if you accept this small sum (1-5K), MIT gets the IP rights to everything you make. Good deal for MIT.

If they own the name (trademark) of your project; the content on your website and marketing materials; copyright on your code; patents... you're basically working for MIT for $1k.

massemphasis10 anni fa

gwintrob10 anni fa

I'm an MIT grad (Course 6 2012) and respectfully disagree. College is a great place to start working on a startup and meet potential co-founders. PG has written about this before: http://paulgraham.com/mit.html

Also, regarding the pledge: "This pledge to give back is a personal choice and not binding and funding will not be conditional on a student signing a pledge." (https://sandbox.mit.edu/apply-3/) It sounds like a pretty reasonable program.

petra10 anni fa

College may be a great place to work on a web startup, since they require less in-depth expertise than an engineering startup, and it's easier to complete missing knowledge through advisors.

But an engineering startup ? definitely not.

vulpino10 anni fa

Official website: https://sandbox.mit.edu/

Apparently Sam Altman is holding a talk/Q&A there on the 13th. It's an intriguing concept - I'm not aware of any similar programs at other colleges.

rocky113810 anni fa

It's similar to Velocity at UW: http://velocity.uwaterloo.ca/

pmalynin10 anni fa

And my university (UAlberta) is having trouble with people graduating in CS, because within an hour all of higher level courses were booked so people can't take the courses they need to graduate, some people are forced to take a year off among other things.

iamcreasy10 anni fa

I thought in most universities, the higher you are (Senior/junior) you get early/priority registration period, and it makes sense.

I find it strange not to have it.

rocky113810 anni fa

This is really neat except there's no information on how to sign up.