CINXE.COM

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col-span-12 fusion-megamenu-fullwidth"><div class="row"><div class="fusion-megamenu-holder" style="width:1280px;" data-width="1280px"><ul class="fusion-megamenu"><li id="menu-item-8824" class="menu-item menu-item-type-custom menu-item-object-custom current-menu-ancestor current-menu-parent menu-item-has-children menu-item-8824 fusion-megamenu-submenu fusion-megamenu-columns-2 col-lg-6 col-md-6 col-sm-6" ><div class='fusion-megamenu-title'><span class="awb-justify-title">Accelerator</span></div><ul class="sub-menu"><li id="menu-item-8718" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8718" ><a href="https://entrepreneurship.mit.edu/accelerator/program/" class="fusion-bar-highlight"><span><span class="fusion-megamenu-bullet"></span>MIT delta v</span></a></li><li id="menu-item-8720" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8720" ><a href="https://entrepreneurship.mit.edu/accelerator/demo-day/" class="fusion-bar-highlight"><span><span class="fusion-megamenu-bullet"></span>Demo Day</span></a></li><li id="menu-item-8719" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8719" ><a href="https://entrepreneurship.mit.edu/accelerator/mit-deltav-nyc/" class="fusion-bar-highlight"><span><span class="fusion-megamenu-bullet"></span>MIT delta v NYC</span></a></li><li id="menu-item-8721" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8721" ><a href="https://entrepreneurship.mit.edu/accelerator/past-teams/" class="fusion-bar-highlight"><span><span class="fusion-megamenu-bullet"></span>Past Teams</span></a></li><li id="menu-item-15180" class="menu-item menu-item-type-post_type menu-item-object-page current-menu-item page_item page-item-14269 current_page_item menu-item-15180" ><a href="https://entrepreneurship.mit.edu/delta-v-10-year-study/" class="fusion-bar-highlight"><span><span class="fusion-megamenu-bullet"></span>10 Years Impact Study</span></a></li><li id="menu-item-9738" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-9738" ><a href="https://entrepreneurship.mit.edu/accelerator/faq/" class="fusion-bar-highlight"><span><span class="fusion-megamenu-bullet"></span>delta v FAQ</span></a></li><li id="menu-item-10838" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-10838" ><a href="https://entrepreneurship.mit.edu/accelerator/apply/" class="fusion-bar-highlight"><span><span class="fusion-megamenu-bullet"></span>Application Guidelines</span></a></li></ul></li><li id="menu-item-8825" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-8825 fusion-megamenu-submenu fusion-megamenu-columns-2 col-lg-6 col-md-6 col-sm-6" ><div class='fusion-megamenu-title'><span class="awb-justify-title">Accelerator Image</span></div></li></ul></div><div style="clear:both;"></div></div></div></li><li id="menu-item-8722" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-8722 fusion-dropdown-menu" data-item-id="8722"><a class="fusion-bar-highlight"><span class="menu-text">PROGRAMS</span></a><ul class="sub-menu"><li id="menu-item-8826" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-8826 fusion-dropdown-submenu" ><a class="fusion-bar-highlight"><span>Programs</span></a><ul class="sub-menu"><li id="menu-item-8203" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8203" ><a href="https://entrepreneurship.mit.edu/events-calendar/" class="fusion-bar-highlight"><span>Events</span></a></li><li id="menu-item-8725" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8725" ><a href="https://entrepreneurship.mit.edu/mit-fuse/" class="fusion-bar-highlight"><span>MIT Fuse</span></a></li><li id="menu-item-9741" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-9741" ><a href="https://entrepreneurship.mit.edu/startmit-iap/" class="fusion-bar-highlight"><span>StartMIT</span></a></li><li id="menu-item-16539" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-16539" ><a href="https://entrepreneurship.mit.edu/pozen-fellowship/" class="fusion-bar-highlight"><span>Summer Internship</span></a></li><li id="menu-item-8726" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-8726" ><a href="https://entrepreneurship.mit.edu/t0/" class="fusion-bar-highlight"><span>t=0</span></a></li><li id="menu-item-11559" class="menu-item menu-item-type-post_type menu-item-object-page menu-item-11559" ><a href="https://entrepreneurship.mit.edu/pitch2match/" class="fusion-bar-highlight"><span>Pitch2Match</span></a></li></ul></li><li id="menu-item-8827" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-8827 fusion-dropdown-submenu" ><a class="fusion-bar-highlight"><span>Programs Image</span></a></li></ul></li><li class="fusion-custom-menu-item fusion-main-menu-search fusion-search-overlay"><a class="fusion-main-menu-icon fusion-bar-highlight" href="#" aria-label="Search" data-title="Search" title="Search" role="button" aria-expanded="false"></a></li></ul></nav> <div class="fusion-mobile-menu-icons"> <a href="#" class="fusion-icon awb-icon-bars" aria-label="Toggle mobile menu" aria-expanded="false"></a> </div> <nav class="fusion-mobile-nav-holder fusion-mobile-menu-text-align-left" aria-label="Main Menu Mobile"></nav> <a class="mit-logo-header" href="//web.mit.edu/" targe="_blank"></a> </div> </div> </div> </div> <div class="fusion-clearfix"></div> </header> <div id="sliders-container" class="fusion-slider-visibility"> </div> <section class="avada-page-titlebar-wrapper" aria-label="Page Title Bar"> <div class="fusion-page-title-bar fusion-page-title-bar-breadcrumbs fusion-page-title-bar-center"> <div class="fusion-page-title-row"> <div class="fusion-page-title-wrapper"> <div class="fusion-page-title-captions"> <h1 class="entry-title">10 Years of delta v</h1> <h3>An Impact Study</h3> </div> </div> </div> </div> </section> <main id="main" class="clearfix "> <div class="fusion-row" style=""> <section id="content" style="float: right;"> <div id="post-14269" class="post-14269 page type-page status-publish hentry"> <span class="entry-title rich-snippet-hidden">10 Years of delta v</span><span class="vcard rich-snippet-hidden"><span class="fn"><a href="https://entrepreneurship.mit.edu/author/gwymer/" title="Posts by Greg Wymer" rel="author">Greg Wymer</a></span></span><span class="updated rich-snippet-hidden">2024-03-15T14:19:33+00:00</span> <div class="post-content"> <div class="fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling" style="--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;" ><div class="fusion-builder-row fusion-row fusion-flex-align-items-flex-start" style="max-width:1248px;margin-left: calc(-4% / 2 );margin-right: calc(-4% / 2 );"><div class="fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column" style="--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;"><div class="fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column"><div class="fusion-text fusion-text-1" style="--awb-text-transform:none;"><div class="page" title="Page 5"> <div class="section"> <div class="layoutArea"> <div class="column"> <p>Our 2021 cohort was the 10th overall to take part in the Trust Center’s educational accelerator, making it the perfect time to conduct an in-depth longitudinal study of the impact of delta v on our students, their startups, and the overall and economic impact the program has had.</p> <p>Tremendous gratitude to Professor Daniela Ruiz Massieu, Managing Director of the Instituto Tecnologico Autonomo de Mexico (ITAM) Entrepreneurship and Innovation Center, for leading nearly a full year of research in 2022 along with her collaborator from ITAM, Professor Claudia Gonzalez-Brambila.</p> </div> </div> </div> </div> </div><div class="fusion-separator fusion-full-width-sep" style="align-self: center;margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:20px;width:100%;"><div class="fusion-separator-border sep-single sep-solid" style="--awb-height:20px;--awb-amount:20px;border-color:#a71c3a;border-top-width:1px;"></div></div></div></div></div></div><div class="fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling" style="--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;" ><div class="fusion-builder-row fusion-row fusion-flex-align-items-flex-start" style="max-width:1248px;margin-left: calc(-4% / 2 );margin-right: calc(-4% / 2 );"><div class="fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_2_3 2_3 fusion-flex-column" style="--awb-bg-size:cover;--awb-width-large:66.666666666667%;--awb-margin-top-large:0px;--awb-spacing-right-large:2.88%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:2.88%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;"><div class="fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column"><div class="fusion-text fusion-text-2" style="--awb-text-transform:none;"><div class="page" title="Page 5"> <div class="section"> <div class="layoutArea"> <div class="column"> <ul> <li><span style="color: #800000;"><strong>10 COHORTS</strong></span></li> <li><span style="color: #800000;"><strong>181 TEAMS</strong></span></li> <li><span style="color: #800000;"><strong>692 PARTICIPANTS </strong><span style="color: #000000;">(67% MIT students)</span></span></li> <li><span style="color: #800000;"><strong>SURVEY BASED ON 322 RESPONDENTS </strong><span style="color: #000000;">(47% response rate)</span></span></li> </ul> </div> </div> </div> </div> </div></div></div><div class="fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_3 1_3 fusion-flex-column" style="--awb-bg-size:cover;--awb-width-large:33.333333333333%;--awb-margin-top-large:0px;--awb-spacing-right-large:5.76%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:5.76%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;"><div class="fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column"><div class="fusion-image-element " style="text-align:center;--awb-margin-top:10px;--awb-margin-bottom:10px;--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);"><span class=" fusion-imageframe imageframe-none imageframe-1 hover-type-none"><a class="fusion-no-lightbox" href="https://entrepreneurship.mit.edu/wp-content/uploads/delta-v-impact-study.pdf" target="_blank" aria-label="delta v impact study" rel="noopener noreferrer"><img width="200" height="257" src="https://entrepreneurship.mit.edu/wp-content/uploads/delta-v-impact-study-200x257.jpg" alt class="img-responsive wp-image-16526" srcset="https://entrepreneurship.mit.edu/wp-content/uploads/delta-v-impact-study-200x257.jpg 200w, https://entrepreneurship.mit.edu/wp-content/uploads/delta-v-impact-study-400x514.jpg 400w, https://entrepreneurship.mit.edu/wp-content/uploads/delta-v-impact-study-600x772.jpg 600w, https://entrepreneurship.mit.edu/wp-content/uploads/delta-v-impact-study-800x1029.jpg 800w, https://entrepreneurship.mit.edu/wp-content/uploads/delta-v-impact-study-1200x1543.jpg 1200w" sizes="(max-width: 1024px) 100vw, (max-width: 640px) 100vw, 400px" /></a></span></div><div style="text-align:center;"><a class="fusion-button button-flat fusion-button-default-size button-default fusion-button-default button-1 fusion-button-default-span fusion-button-default-type" style="width:calc(100%);" target="_blank" rel="noopener noreferrer" href="https://entrepreneurship.mit.edu/wp-content/uploads/delta-v-impact-study.pdf"><span class="fusion-button-text">Read the Full Study</span></a></div></div></div></div></div><div class="fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling" style="--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;" ><div class="fusion-builder-row fusion-row fusion-flex-align-items-flex-start" style="max-width:1248px;margin-left: calc(-4% / 2 );margin-right: calc(-4% / 2 );"><div class="fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column" style="--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;"><div class="fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column"><div class="fusion-separator fusion-full-width-sep" style="align-self: center;margin-left: auto;margin-right: auto;margin-top:20px;margin-bottom:20px;width:100%;"><div class="fusion-separator-border sep-single sep-solid" style="--awb-height:20px;--awb-amount:20px;border-color:#a71c3a;border-top-width:1px;"></div></div><div class="fusion-text fusion-text-3" style="--awb-text-transform:none;"><h3><u>Summary of conclusions:</u></h3> <ol> <li><span style="color: #800000;"><strong>Ventures Derived from Program Have Been Very Successful by Traditional Metrics</strong>:</span><br /> The explicit primary goal of the delta v program is educational in nature and specifically to create more, higher quality and better connected entrepreneurs, which creates a more fundamental and nuanced goal than traditional metrics are designed to capture. That being said the results generated by the ventures started by these entrepreneurs in delta v are extraordinary as measured by conventional benchmarks.</p> <ol> <li><strong>Survival Rate</strong>: Since its inception, 61% of delta v projects have become real companies that either continue to exist to this day or have been acquired. If you look at the companies from the past five years, that number increases to 69%.</li> <li><strong>Attractiveness to Investors</strong>: 63% of all the projects have resulted in companies that raised money.</li> <li><strong>Magnitude of Funding Attracted</strong>: The companies that have raised to date have totaled over $1 billion to date and that continues to grow.</li> </ol> </li> <li><span style="color: #800000;"><strong>Alignment with MIT’s Mission of Principled Entrepreneurship Is Very Strong:</strong></span><br /> 89% are aligned with the United Nations Sustainable Development Goals.</li> <li><span style="color: #800000;"><strong>Participants Go On to Found Other Companies at a Prolific Rate:</strong></span><br /> Over 130 new additional companies that have raised an additional $2 billion beyond the companies started from the projects worked on in delta v.</li> <li><span style="color: #800000;"><strong>Diversity Has Been at the Core of delta v from the Beginning and, as a Result, It Has Grown Over Time:</strong></span><br /> Representative of this is the Percentage of Teams with a Woman CEO</p> <ol> <li>First Five Year Average: 23%</li> <li>Second Five Year Average: 39%</li> <li>2022 Cohort (n=1 so statistically less robust): 55%</li> </ol> </li> <li><span style="color: #800000;"><strong>delta v Has Built a Connected Community</strong>:</span><br /> 83% of survey respondents say they are still in touch with their cohort</li> <li><span style="color: #800000;"><strong>Participants and Teams Connected Extremely Well to Broader Communities Internally as Well as Externally to MIT</strong>:</span><br /> 68 (37.5% of the pool) were accepted into external, private/for-profit accelerators, led by Y Combinator, TechStars, and Mass Challenge.</li> <li><span style="color: #800000;"><strong>Participants Are Extremely Satisfied Quantitatively and Qualitatively</strong>:</span><br /> Based on the survey results, the average Net Promoter Score (NPS), is 69 across all cohorts, which is excellent in the service industry. From a qualitative standpoint, the most common feedback we got was “it changed my life.”</li> </ol> <p>These conclusions do not mean the program is perfect, far from it, and our research identified in an evidence-based manner areas to be improved with regard to the content (e.g., financial literacy and fundraising, marketing, human resources, product development) as well as ways to improve the connectivity of the community, which is the unsung hero and benefit of delta v.</p> </div></div></div></div></div> </div> </div> </section> <aside id="sidebar" class="sidebar fusion-widget-area fusion-content-widget-area fusion-sidebar-left fusion-deltavsidebar" style="float: left;" data=""> <style type="text/css" data-id="avada-vertical-menu-widget-2">#avada-vertical-menu-widget-2 > ul.menu { margin-top: -8px; }</style><div id="avada-vertical-menu-widget-2" class="widget avada_vertical_menu" style="border-style: 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