Developmental Entrepreneurship Program (Ibero-American Initiative)

Massachusetts Institute of Technology, 2006 - $42,650

The Development Entrepreneurship (DE) program at MIT, established in 2005 with the idea of having teams of students develop technological solutions for poverty alleviation in the developing world, has five successful projects under its belt and has expanded the program into Africa. Now the DE team will expand its work into Central and South America through a collaboration with the Sumaq Alliance, a group of eight business schools in Spanish and Portuguese-speaking markets.

Summer 2009 update: As of October 2007 the team established a program at INCAE, a collaboration, which leveraged Costa Rican government interest to fund an innovations/entrepreneurship class shared by 2 institutions.