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FAQ - MIT-Pillar VC AI Collective

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data-elementor-id="70" class="elementor elementor-70"> <section class="elementor-section elementor-top-section elementor-element elementor-element-30c61d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="30c61d7" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5e312a2" data-id="5e312a2" data-element_type="column"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-element elementor-element-37d9fcb elementor-widget elementor-widget-heading" data-id="37d9fcb" data-element_type="widget" data-widget_type="heading.default"> <div class="elementor-widget-container"> <style>/*! elementor - v3.13.3 - 22-05-2023 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}</style><h1 class="elementor-heading-title elementor-size-default">Questions and answers about the Collective</h1> </div> </div> <div class="elementor-element elementor-element-d8c0779 elementor-widget elementor-widget-text-editor" data-id="d8c0779" data-element_type="widget" data-widget_type="text-editor.default"> <div class="elementor-widget-container"> <style>/*! elementor - v3.13.3 - 22-05-2023 */ .elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}</style> <p>If you have any questions about the program or application <a href="https://ai-collective.mit.edu/connect/">connect with us</a> or email ai-collective-help@mit.edu.</p> </div> </div> <div class="elementor-element elementor-element-2774c1f elementor-widget-divider--view-line elementor-widget elementor-widget-divider" data-id="2774c1f" data-element_type="widget" 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15px}}.e-con-inner>.elementor-widget-accordion,.e-con>.elementor-widget-accordion{width:var(--container-widget-width);--flex-grow:var(--container-widget-flex-grow)}</style> <div class="elementor-accordion" role="tablist"> <div class="elementor-accordion-item"> <div id="elementor-tab-title-5511" class="elementor-tab-title" data-tab="1" role="tab" aria-controls="elementor-tab-content-5511" aria-expanded="false"> <a class="elementor-accordion-title" href="">Who can apply? (Eligibility)</a> </div> <div id="elementor-tab-content-5511" class="elementor-tab-content elementor-clearfix" data-tab="1" role="tabpanel" aria-labelledby="elementor-tab-title-5511"><p>This program is open only to members of the MIT community. Grant funds are intended to support productization and commercialization of AI-focused research in any field.</p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-5512" class="elementor-tab-title" data-tab="2" role="tab" aria-controls="elementor-tab-content-5512" aria-expanded="false"> <a class="elementor-accordion-title" href="">What is the budget range for the grants? </a> </div> <div id="elementor-tab-content-5512" class="elementor-tab-content elementor-clearfix" data-tab="2" role="tabpanel" aria-labelledby="elementor-tab-title-5512"><p>Applications should include budgets within the range of $10K to $100K and can span a time frame from 6 months to a year.</p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-5513" class="elementor-tab-title" data-tab="3" role="tab" aria-controls="elementor-tab-content-5513" aria-expanded="false"> <a class="elementor-accordion-title" href="">What about ideas or research that don’t have a PI attached?</a> </div> <div id="elementor-tab-content-5513" class="elementor-tab-content elementor-clearfix" data-tab="3" role="tabpanel" aria-labelledby="elementor-tab-title-5513"><p><strong>You</strong> can apply to the program without a PI. The AI Collective will work with you to match you with one.</p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-5514" class="elementor-tab-title" data-tab="4" role="tab" aria-controls="elementor-tab-content-5514" aria-expanded="false"> <a class="elementor-accordion-title" href="">What is the deadline?</a> </div> <div id="elementor-tab-content-5514" class="elementor-tab-content elementor-clearfix" data-tab="4" role="tabpanel" aria-labelledby="elementor-tab-title-5514"><p>Application for the <a href="https://ai-collective.mit.edu/spring-2024-fellowship/">Spring 2024 Fellowship</a> closes December 1st, 2023.</p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-5515" class="elementor-tab-title" data-tab="5" role="tab" aria-controls="elementor-tab-content-5515" aria-expanded="false"> <a class="elementor-accordion-title" href=""> How are grants awarded?</a> </div> <div id="elementor-tab-content-5515" class="elementor-tab-content elementor-clearfix" data-tab="5" role="tabpanel" aria-labelledby="elementor-tab-title-5515"><p><span style="font-weight: 400;">A selection committee reviews applications. If applications are eligible, project teams will be invited to interview with the committee, which will make its decision following those interviews.</span></p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-5516" class="elementor-tab-title" data-tab="6" role="tab" aria-controls="elementor-tab-content-5516" aria-expanded="false"> <a class="elementor-accordion-title" href="">What commercialization milestones do applicants have to have achieved?</a> </div> <div id="elementor-tab-content-5516" class="elementor-tab-content elementor-clearfix" data-tab="6" role="tabpanel" aria-labelledby="elementor-tab-title-5516"><p><span style="font-weight: 400;">None. Teams don&#8217;t have to have market-tested their research before applying. The program will help them get started. </span></p><p><span style="font-weight: 400;">If they have done some research, that is also fine: customer discovery is an ongoing process. </span></p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-5517" class="elementor-tab-title" data-tab="7" role="tab" aria-controls="elementor-tab-content-5517" aria-expanded="false"> <a class="elementor-accordion-title" href="">What will this program help with? </a> </div> <div id="elementor-tab-content-5517" class="elementor-tab-content elementor-clearfix" data-tab="7" role="tabpanel" aria-labelledby="elementor-tab-title-5517"><p><span style="font-weight: 400;">The program is focused on helping teams commercialize the research they are working on. The mission is to assist in taking technology out of the lab and making it into a viable business. </span></p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-5518" class="elementor-tab-title" data-tab="8" role="tab" aria-controls="elementor-tab-content-5518" aria-expanded="false"> <a class="elementor-accordion-title" href="">What will teams have to commit to? </a> </div> <div id="elementor-tab-content-5518" class="elementor-tab-content elementor-clearfix" data-tab="8" role="tabpanel" aria-labelledby="elementor-tab-title-5518"><p><span style="font-weight: 400;">The expectation is teams will be highly motivated to work on commercialization. This means that at least one team member will have to dedicate a substantial amount of time to interaction with mentors provided by the program, and to the customer discovery process.</span></p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-5519" class="elementor-tab-title" data-tab="9" role="tab" aria-controls="elementor-tab-content-5519" aria-expanded="false"> <a class="elementor-accordion-title" href="">Are there any terms and conditions? </a> </div> <div id="elementor-tab-content-5519" class="elementor-tab-content elementor-clearfix" data-tab="9" role="tabpanel" aria-labelledby="elementor-tab-title-5519"><p><span style="font-weight: 400;">Grants shall be used for translational research as described in the submitted proposal. They are intended to support postdocs or graduate students working on commercialization efforts.</span></p><p><span style="color: var( --e-global-color-text );">The mission of the program is to advance research toward commercialization. The program will provide guidance and team building opportunities. Grantees understand that, if supported by the program, they will be expected to participate as appropriate. This includes regular meetings with mentors as well as customer discovery activities and events such as workshops and presentations.</span></p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-55110" class="elementor-tab-title" data-tab="10" role="tab" aria-controls="elementor-tab-content-55110" aria-expanded="false"> <a class="elementor-accordion-title" href="">Are there any expectations back to Pillar?</a> </div> <div id="elementor-tab-content-55110" class="elementor-tab-content elementor-clearfix" data-tab="10" role="tabpanel" aria-labelledby="elementor-tab-title-55110"><p><span style="font-weight: 400;">No. Pillar’s support of the program is a gift to the university.</span></p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-55111" class="elementor-tab-title" data-tab="11" role="tab" aria-controls="elementor-tab-content-55111" aria-expanded="false"> <a class="elementor-accordion-title" href="">Do the grants operate under standard MIT TLO procedures? </a> </div> <div id="elementor-tab-content-55111" class="elementor-tab-content elementor-clearfix" data-tab="11" role="tabpanel" aria-labelledby="elementor-tab-title-55111"><p><span style="font-weight: 400;">Yes, they follow the same TLO and IP rights as other MIT research.</span></p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-55112" class="elementor-tab-title" data-tab="12" role="tab" aria-controls="elementor-tab-content-55112" aria-expanded="false"> <a class="elementor-accordion-title" href="">What is an ideal budget? What type of costs will be supported?</a> </div> <div id="elementor-tab-content-55112" class="elementor-tab-content elementor-clearfix" data-tab="12" role="tabpanel" aria-labelledby="elementor-tab-title-55112"><p><span style="font-weight: 400;">Ideally, the budget should include a half an RA or part-time salary of a postdoc for the spring term, with the idea that they can get a stipend to work full-time on the commercialization afterwards. The grant money can be used to cover travel focused on the customer discovery process.  It can also also be used toward developing an MVP or prototype. </span></p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-55113" class="elementor-tab-title" data-tab="13" role="tab" aria-controls="elementor-tab-content-55113" aria-expanded="false"> <a class="elementor-accordion-title" href="">Is there overhead? </a> </div> <div id="elementor-tab-content-55113" class="elementor-tab-content elementor-clearfix" data-tab="13" role="tabpanel" aria-labelledby="elementor-tab-title-55113"><p><span style="font-weight: 400;">Yes, the grants will incur the usual MIT overhead. </span></p></div> </div> <div class="elementor-accordion-item"> <div id="elementor-tab-title-55114" class="elementor-tab-title" data-tab="14" role="tab" aria-controls="elementor-tab-content-55114" aria-expanded="false"> <a class="elementor-accordion-title" href="">How are the prospective customers who are supporting the program selected?</a> </div> <div id="elementor-tab-content-55114" class="elementor-tab-content elementor-clearfix" data-tab="14" role="tabpanel" aria-labelledby="elementor-tab-title-55114"><p><span style="font-weight: 400;">Their role is to aid in customer discovery and help grantees better understand their potential markets. The prospective customers listed on the website are just some members of the network that the program may connect with a team.  Being able to have conversations with prospective customers or partners is essential to the entrepreneurial journey.  The AI Collective is committed to facilitating introductions to experienced industry leaders that are willing to give their time to have those conversations.  </span></p></div> </div> <script type="application/ld+json">{"@context":"https:\/\/schema.org","@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Who can apply? (Eligibility)","acceptedAnswer":{"@type":"Answer","text":"<p>This program is open only to members of the MIT community. 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This includes regular meetings with mentors as well as customer discovery activities and events such as workshops and presentations.<\/span><\/p>"}},{"@type":"Question","name":"Are there any expectations back to Pillar?","acceptedAnswer":{"@type":"Answer","text":"<p><span style=\"font-weight: 400;\">No. Pillar\u2019s support of the program is a gift to the university.<\/span><\/p>"}},{"@type":"Question","name":"Do the grants operate under standard MIT TLO procedures?","acceptedAnswer":{"@type":"Answer","text":"<p><span style=\"font-weight: 400;\">Yes, they follow the same TLO and IP rights as other MIT research.<\/span><\/p>"}},{"@type":"Question","name":"What is an ideal budget? 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Email ai-collective-help@mit.edu!</p></blockquote> </div> </div> <div class="elementor-element elementor-element-d679c20 elementor-widget elementor-widget-spacer" data-id="d679c20" data-element_type="widget" data-widget_type="spacer.default"> <div class="elementor-widget-container"> <style>/*! elementor - v3.13.3 - 22-05-2023 */ .elementor-column 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class="elementor-section elementor-top-section elementor-element elementor-element-de527b9 unstick-point elementor-section-boxed elementor-section-height-default elementor-section-height-default" data-id="de527b9" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div class="elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-02dc375" data-id="02dc375" data-element_type="column" data-settings="{&quot;background_background&quot;:&quot;classic&quot;}"> <div class="elementor-widget-wrap elementor-element-populated"> <div class="elementor-background-overlay"></div> <section class="elementor-section elementor-inner-section elementor-element elementor-element-acdfeee elementor-section-full_width elementor-section-height-min-height elementor-section-content-middle elementor-section-height-default" data-id="acdfeee" data-element_type="section"> <div class="elementor-container elementor-column-gap-default"> <div 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