What is the MIT $100K?
One competition – three independent contests – from September through May. For 28 years, the MIT $100K Entrepreneurship Competition has been bringing together students and researchers from across MIT and Greater Boston to launch their talent, ideas, and technology into leading companies. The competition is run as a series of distinct, increasingly intensive contests: Pitch, Accelerate, and Launch.
Each contest focuses on developing specific founding skills, and for each semi-finalist contender the MIT $100K brings together a network of resources, including mentorship from venture capitalists, serial entrepreneurs, corporate executives, and attorneys; media exposure; prototyping funds; business plan feedback; and discounted services. Additionally, more than $300K in non-dilutive awards help these new ventures accelerate. SOURCE: http://www.mit100k.org/#about