Guidelines and Rules
WHAT are we looking for?
(*) At MITdesignX Venice, Intellectual Property (IP) is considered the property of the individuals and/or teams. MIT and SerenDPT will not stake IP or patent claims to new ideas developed at MITdesignX Venice.
HOW can you participate?
Attendance in the preparatory events is not mandatory.
Teams can submit an application without attending any preliminary event.
Participation in the preliminary events helps teams to hone their idea and make a better submission
Up to 10 top ideas will be selected to participate in the Fall program.
If selected for the fall program, in-person attendance by at least 50% of the team is mandatory to receive funding.
Funding for Teams
SerenDPT provides a workspace for the selected teams during the on-site workshops and will offer a facilitated permanence inside the incubator after the end of the program.
Funding Rules and Procedures
Only teams will receive funding (not individuals). The grant is allocated to the venture, not to individual team members. Individuals may receive payments based on reimbursements of costs approved for the team. If changes are made to a team’s composition, the grant follows the team accepted into the program and not the individual team members.
Funding cannot be split. Only the original idea and team composition selected by MITdesignX will be eligible for the program and funding unless (a) a team member voluntarily quits the team and the remaining members continue or (b) an acceptable pivot by members of the remaining team continues with the program.