BOSTON—Harvard Business School’s (HBS) Arthur Rock Center for Entrepreneurship has announced eleven winners in the second round of the annual Rock Accelerator Award Program, giving $5,000 to each team of student entrepreneurs.
Launched in 2010, the Rock Accelerator is designed to support students who are using the lean start-up methodology to develop a minimum viable product and test important assumptions about their value proposition or business model. This methodology focuses on rapid prototyping, a process that brings products to market as quickly as possible.
The Rock Accelerator is run over two ten-week terms during the academic year. Ninety-six teams submitted entries this term, which was open to first and second-year Harvard MBA students and their respective teams (at least one member of each team must be a Harvard MBA student). The winners were selected by a panel of ten judges and overseen by Rock Center faculty and staff.
The winning teams are matched with both professional and student mentors with whom they connect on a bimonthly basis. In addition, they attend four peer exchange workshops and a final wrap-up session, where they share what they’ve learned and what they hope to accomplish in the future.
“The Rock Accelerator is one of our most high-touch programs supporting early-stage entrepreneurs,” said Meredith McPherron (MBA 1993), Director of the Rock Center. “Students are given the seed capital to run important experiments, close mentorship to advise them on tough questions, and facilitated access to each other for feedback, idea exchange, and community support. We are delighted to support their bold vision of the future for both business and society.”
The eleven winter term winning entries (with their founders) are:
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.