MIT Sandbox, at the Massachusetts Institute of Technology, supports student innovation by providing seed funding for student-initiated entrepreneurship ideas, mentoring from within and MIT and from a broad network of committed partners, and tailored educational experiences.
MIT Sandbox reports that its student entrepreneurship program has generated $8.7 billion in global impact over a decade. Its review counts more than 4,000 funded student teams, $11 million in non-dilutive awards, and 475 companies founded by program participants.
Daniel and Judy Gilbert establish a permanent endowment for MIT Sandbox’s student seed funding program with a $1 million gift. The fund is intended to power student innovation at MIT.
Augmented-reality startup Escher Reality, the first MIT Sandbox program alumnus to be acquired, sold to Niantic. The company returned support to the fund that backed it.
