Fashion entrepreneurs must display these 3 traits to attract investors – Meghan McCormick

MIT Sloan Alumna Meghan McCormick (MBA’18)

From Forbes

Yves St Laurent studied under Dior. Donna Karen worked for Anne Klein. Tom Ford was a design assistant to Cathy Hardwick. Starting a career as a fashion entrepreneur, or in any of the creative industries, does not follow the typical entrepreneur’s journey. In fashion, the apprenticeship model reigns supreme.

Roberta Annan started the African Fashion Fund (AFF) in part to make it possible for African designers to have access to global apprenticeships. “I believe in apprenticeship. It’s so important. If you look at all the major fashion brands in this world, they worked under somebody before they became big. I wanted to find a way to promote that,” she said. Through their fellowship program, AFF has helped placed African designers in apprenticeships in New York with designers such as Bibhu Mohapatra and EDUN of LVMH. AFF covers all of the associated costs.

Read More »

Some Good Tech News: Entrepreneurs Leverage Tech for Economic Inclusion – Irving Wladawsky-Berger

MIT Sloan Visiting Lecturer Irving Wladawsky-Berger

MIT Sloan Visiting Lecturer Irving Wladawsky-Berger

From Wall Street Journal

Between the never-ending stream of news linking bad actors to social networks and studies documenting society’s growing smartphone addiction, it seems almost wrong today to think that technology can — ahem — help make the world a better place.

That’s why I am thankful for the annual Inclusive Innovative Challenge, hosted by MIT’s Initiative on the Digital Economy. Launched in 2016, the IIC seeks out and awards entrepreneurs that are leveraging technology advances to reinvent the future of work. That’s right. There remains, even in this news cycle, firms committed to tapping technology’s ability to connect–and not divide–people and build–and not threaten–jobs and other economic activities.

Or, as the challenge organizers put it:

“The IIC believes that Inclusive Innovation is an economic and moral imperative, and that the key question of our era isn’t what technology is going to do to our economy and society, but what we will do with technology. By identifying and promoting the powerful global community of future of work visionaries, the IIC proactively accelerates the technology-driven solutions enabling greater economic opportunity for working people around the world facing the challenge of rapidly advancing digital progress.”

Read More »

Join the #Innovate4Health Twitter Chat “Accelerating Developing World Growth Through Innovation & Entrepreneurship in Healthcare” on May 15

Building Sustainable Healthcare Systems through Innovation and Entrepreneurship, MIT-King’s College of London Summit, May 22, 2019

What role can innovators and entrepreneurs play in overcoming global health challenges, creating a safer and healthier world, and driving global prosperity?

Join us for an #Innovate4Health Twitter chat on Wednesday, May 15 at 9 a.m. Boston / 2 p.m. London time.

The featured experts are Georgina Flatter (@GeorgieMIT), Research Scientist at the Legatum Center for Development and Entrepreneurship at MIT, and Prashant Jha (@drpjha), Head of Affordable Medical Technologies at the School of Biomedical Engineering & Imaging Sciences at King’s College London. Suranga Chandratillake (@surangac) of Balderton Capital, will be leading the discussion as host. Together, they will discuss how innovators and entrepreneurs around the world are challenging what is possible in healthcare and driving global progress.

Read More »

The Time is Now for Women to Step Up, Speak Out and Take Control – Trish Cotter

Trish Cotter, Associate Director, Martin Trust Center for Entrepreneurship

From Bostinno

On this year’s International Women’s Day, I’d like to reflect on how we can encourage women to speak up, be heard, and support each other. The #metoo movement has brought to light countless examples of abuse, mistreatment and harassment, but if there is one positive glimmer out of all that is being shared, it’s a sense of solidarity and empowerment.

I believe that entrepreneurship can be a path to channeling that that energy and creating positive outcomes. The time is now to step up and speak out. The time is now to take control of your own destiny. Stop saying “I’m sorry” and start saying “I’m ready to make a difference.”

I believe that sometimes making a difference is being your own boss. In my role as Director of MIT’s educational accelerator program, delta v, I work every day with both female and male student entrepreneurs. Some of these students have ideas that may change the world someday, but even more important is their sense of pride and accomplishment when they can make decisions that shape their own direction and have a positive impact on other people.

Maybe being an entrepreneur is not for everyone. But, if and when you are in a position to define your own path, you have turned the tables and now have control. You can help not only yourself, but others. Read More »

Despite its woes, GE must stay entrepreneurial – Bill Aulet

MIT Sloan Sr. Lecturer Bill Aulet

MIT Sloan Sr. Lecturer Bill Aulet

From The Boston Globe

When I heard the news that GE is considering breaking itself up into smaller units, I was overcome with sadness. I started my career at IBM in the early 1980s and saw that company brought low, and now a similar scenario is playing out with another venerable firm.

But wait a second, as a professor of entrepreneurship, don’t I want to see a big conglomerate broken up into smaller, more nimble companies that can be more entrepreneurial?

Not in this case. That kind of thinking illustrates a fundamental mistake people make when they contemplate entrepreneurship and existing corporations.

As an entrepreneurship educator, I teach students the mind-set and skills to help them succeed in bringing new, innovative products to market and new ventures into being. But there is a common misunderstanding that entrepreneurship equals startups and that we are preparing our students to join the Silicon Valley depicted on TV dramas. Not so.

Read More »