BOSTON—Harvard Business School’s (HBS) Arthur Rock Center for Entrepreneurship has announced nine winners in the first round of the annual Rock Accelerator Award Program, giving $5,000 to each team of student entrepreneurs.
Launched in 2010, the Rock Accelerator Award is designed to help students who are using the lean startup methodology to develop a minimum viable product. This methodology, advanced and popularized by Eric Ries (formerly an Entrepreneur-in-Residence at HBS), focuses on rapid prototyping, a process that brings products to market as quickly as possible.
The Rock Center offers two rounds of Accelerator Awards during the academic year. Forty-eight teams submitted entries for the first round, which was open to second-year MBA students only (at least one member of each team must be a Harvard MBA student). The winners are selected by a panel of three faculty members and three students.
The winning teams are required to meet with a mentor from the program on a monthly basis, attend a monthly gathering of all Rock Accelerator teams, and present lessons learned from the Rock Accelerator program.
"Interest in entrepreneurship at Harvard Business School is at an all-time high,” said Meredith McPherron (MBA 1993), Director of the Rock Center. "The Rock Accelerator program is one of the many resources and opportunities available to student entrepreneurs at HBS.”
The nine first-round winning entries (with their founders) are:
About The Arthur Rock Center:
The Arthur Rock Center for Entrepreneurship was created through the generosity of prominent venture capitalist Arthur Rock (MBA 1951), who donated $25 million to Harvard Business School to support the entrepreneurship faculty and their research, fellowships for MBA and doctoral students, symposia and conferences, and outreach efforts to extend the impact of the School's extensive work in this field. HBS offered the country's first business school course in entrepreneurship in 1947 and, today, entrepreneurship is one of the largest faculty units at the School, with over 30 faculty members conducting entrepreneurship research and teaching. The Rock Center works closely with the HBS California Research Center in Silicon Valley on entrepreneurship-related research and course development efforts.
Founded in 1908 as part of Harvard University, Harvard Business School is located on a 40-acre campus in Boston. Its faculty of more than 200 offers full-time programs leading to the MBA and doctoral degrees, as well as more than 80 open enrollment Executive Education programs and more than 60 custom programs. For more than a century, HBS faculty have drawn on their research, their experience in working with organizations worldwide, and their passion for teaching to educate leaders who have shaped the practice of business and entrepreneurship around the globe.