The $15K Creative Arts Competition was established in 2013 to foster arts-focused startups at the Institute. The $15,000 prize is awarded as a grant to help launch the winning enterprise and enable the recipient(s) to join the ranks of MIT’s most successful startup founders.
The Competition offers more than just financial support; all teams have access to specialized programming at the START Studio, MIT’s own arts entrepreneurship incubator and makerspace located in the Stratton Student Center, building W20.
Competition participants are invited to workshops designed to accelerate arts-focused ventures throughout the duration of the year-long competition. Teams receive mentorship from past prize winners, distinguished faculty, and MIT alumni. Mentorship encompasses pitch preparation, business plan coaching, customer development advising, and more.
Teams are expected to develop their business plan over the course of the competition, with assistance from mentors, workshops, and staff support. In late April, the finalists chosen by preliminary judges present their venture to a live judging panel for a chance to win $15,000.
The 2020 $15K Creative Arts Competition is supported by the Council for the Arts at MIT