A new Venture Accelerator in Venice Italy

MITdesignX Venice is a new multi-year initiative bringing our Venture Design program to Venice in collaboration with local partner SerenDPT.

MITdesignX – the Venture Accelerator of the MIT School of Architecture and Planning – is opening a new venture accelerator to support local entrepreneurs and help launch new firms and organisations dedicated to solving problems experienced in Venice as well as other coastal and historical cities, and places experiencing a major loss of full-time population.

The program begins Sept 8, 2022.

Your application process begins now!

Timeline

Starting in May 2022, we began hosting a series of events at SerenDPT’s H3 Factory on the Giudecca.  Join our open programming to meet fellow entrepreneurs and create teams, share and test ideas, and prepare your submissions for the program.

 

Applications Now Open

 

June 22: Open House and Workshop

  • At this full day event, we will showcase success stories by MITdesignX alumni, as well as opportunities emerging from start-ups based in Europe.  We will lead a hands-on workshop to spark new ideas or solidify existing ones into robust proposals for the inaugural accelerator cohort in September.

 

July 8: Application Deadline

 

July 31: Selected Teams Announced

 

Sept 8: MITdxV Cohort 1 Begins

OPEN HOUSE __ 22 JUNE 2022

MIT faculty and alumni will lead participants in a day-long workshop to identify and frame problems and opportunities, and to craft the proposal of possible solutions that could be developed as new ventures or processes.  In addition, a workshop on presentation techniques will help teams develop their storytelling ability.

Several startup examples will be discussed, and we will be joined by some MITdesignX startup founders based in Europe.

The workshop will also help potential candidates prepare their applications for MITdesignX Venice.

 

Register Here

 

Location: H3 Factory, Campo S.Cosmo, Giudecca 624-625, Venezia

 

Schedule

9:30 Registration

10:00 Welcome

  • Introduction to MITdesignX
  • Accelerator themes / Application process
  • Ideathon instructions

10:30 Presentations by MITdesignX alumni

12:00-18:00 Development Workshops

18:00 Presentation of proposals 

19:00 Networking aperitif

20:00 Close of event

Accelerator Details

MITdesignX Venice seeks diverse, interdisciplinary teams to design solutions and launch a business venture based in Venice. We are looking for ideas or early stage startups dedicated to solving problems experienced in Venice as well as other coastal and historical cities and primarily along these themes:

  • Art and Architecture: sustainability, maintenance, and preservation

  • Sustainable Tourism: accommodations, mobility and culture

  • Water, Energy and Environment

  • Smart tools for cities and citizens

Everyone is invited to submit an application, whether students, professionals, or community members of all background.

Teams should be composed of at least 2 people and not more than 5.

One person cannot  apply as a single individual and cannot apply as a member of more than one team.

Teams must attend the workshops* in Venice according the schedule below, and ideas must have a connection to Venice, or the problems the city experiences.

*At least 2 members of the team must be present for each workshop.

€ 5,000 will be granted to selected teams thanks to support from Fondazione di Venezia. The grant is awarded to fund initial team expenses needed to develop the idea, including, but not limited to:

  • data collection

  • database access

  • incorporation and legal costs

  • travel costs associated with the seminars or with meeting partners or customers

  • programming

  • marketing

  • graphics or other professional services

  • product development.

MITdesignX Venice reserves all rights to make decisions on acceptable use of funds.

SerenDPT provides a workspace for the selected teams during the entire program and will offer a space inside the incubator after the end of the program.

SerenDPT

SerenDPT (Serenissima Development and Preservation through Technology) is a benefit company founded in Venice, by Venetians. Their mission is to repopulate the city by inspiring and supporting the creation of startups and creating high-skill jobs that will attract young people of all ages and Venetians of any origin and welcome them as new inhabitants of the historic city.

SerenDPT operates a startup incubator and co-working space, called Fabbrica H3, inside the ex-church of Saints Cosmas and Damian on the Giudecca island in Venice.

Fabbrica H3 Incubator and Co-working space

Accelerator Schedule and Program

Understand

Bootcamp (Workshop 1) ____ 8-11 September The first four days of the accelerator are an intensive analysis of the problem you are engaging. What is the core of the problem? Who's problem are you solving? Who else needs to be involved?

Needs Analysis
Market
Segmenta­tion
Stakeholder Map
Deconstruc­tion

Need/problem description based on interviews and data insights

Determine who are your customers

Analysis of all stake-holder groups and how they benefit from a solution

An analysis of your research and a check on venture feasibility

Team statement describing what the venture is designed to do

Statement and images describing why stakeholders / customers would apply / buy the solution

Map of what the user will experience

Turn your ideas into actual products or systems for testing

Mission Design
Value
Proposi­tion
User Journey
Rapid Prototyping

Solve

Workshop 2 ____ 22-23 September ___ Design a solution that best suits the problem and creates value. Test, learn and build your solution.

Envision

Workshop 3 ____ 13-14 October ___ Develop a business model and team to make the solution happen.

Team statement describing what the team aspires to achieve

Team manifesto outlining founder core values and leadership principles

How a venture creates, delivers, and captures value and generate revenue

Negotiation skills and learning how to recruit and partner with the right people

Vision Design
Founder's Values / Negotiations
Business Model
People and Partners
Action Plan
Financial Plan
Funding Strategy
Messaging And Pitches

A goal-oriented action plan for effective and fast scaling of your venture

Three year revenue and cost plans based on team vision and objectives

Introduction to funding options and calculation of funding needs

The venture storyline and key message to stakeholders and sponsors / investors

Workshops 4 and 5 ____ 27-28 October & 10-11 November ___ Make a plan and apply the financial elements required to deploy and scale your solution.

Scale

At the conclusion of the accelerator program, startups will pitch their new ventures and launch their products and services.

Supporters