Entrepreneurship

MIT Entrepreneurship Development Programme 2018 Competition Terms and Conditions

  • Any information provided in the online application form may be shared with staff of Highlands and Islands Enterprise (HIE), faculty members of the Martin Trust Center for MIT Entrepreneurship, MIT Industrial Liaison Program (MIT ILP) staff, Scottish Development International staff and other members of the Scottish delegation on the MIT EDP 2018 visit. Please do not submit any confidential or commercially sensitive information that you are not willing to share with this group.
  • Applicants must have the support of their HIE Account Manager (or relationship Manager), in applying for an MIT EDP place. Your application will be shared with them and they will be asked to provide a supporting statement for you.
  • All eligible applications will be judged by a panel of representatives from HIE. Shortlisted applicants will then be required to attend an interview lasting up to 45 minutes, which will take place in Inverness on Wednesday 1 and Thursday 2 November 2017. Shortlisted applicants will be advised by Friday 29 September and invited to select an interview slot on one of these two days. Interviews will be allocated on a first come, first served basis. Please keep the potential interview dates clear in your diary. If you cannot attend an interview in person, your application will be withdrawn from the competition. The interview panel will consist of representatives from HIE plus an entrepreneur who is an MIT EDP alumnus.
  • The best entries as judged by this panel, up to a total of 5, will be awarded a sponsored place on the MIT Entrepreneurship Development Programme (EDP) 2018. The visit to Boston will take place from Thursday 25 January – Sunday 4 February 2018 so please ensure you are available for these dates before entering the competition.
  • The judges’ decision is final and no correspondence will be entered into. Account Managers of successful and unsuccessful applicants will be advised by Friday 3 November 2017 and asked to confirm they are happy for a place on EDP 2018 to be offered to their client and the support intervention rate confirmed. Successful and unsuccessful applicants will then be notified by email by Friday 29 September 2017.
  • Successful applicants are required to attend the pre-EDP briefing and Networking session, date to be confirmed, but likely to be late November. Please keep this date in your diary free. Attendance at this event is mandatory and if you cannot attend, your offer of a sponsored place on MIT EDP 2018 may be withdrawn.
  • The inability to contact a potential winner of a sponsored place may result in disqualification and selection of an alternate winner. A substantial change in the applicant’s role within the business between the awarding of the sponsored place and the and Winners.
  • The financial value of the prize is approximately £10,000 (please note the exchange rate is subject to some fluctuation). This includes the course fee, return travel from Inverness or another Scottish airport to Boston, accommodation during the 10 day visit and two Scottish group networking dinners sponsored by HIE. Added value from attending on a HIE sponsored place comes from additional networking meetings arranged with the wider business network in Boston which may include SDI, GlobalScot, UKTI, MIT faculty and researchers and the MIT EDP alumni cohort.
  • In order to comply with the competition rules and EU state Aid rules, participating existing businesses (account managed by HIE) will be expected to contribute 30% of the total cost of attending the course (course fee, flights and accommodation) which is expected to be approximately £3000 per participant. The actual subsidy may have to be reduced in order to stay within the State Aid Regulations for large companies with over 250 employees or turnover above £50M. Participants will be invoiced for their contribution in February 2018 by HIE.
  • For companies eligible to receive 70% support, this support (approx value £7000) will be given under the Training Aid scheme.
  • Participants are required to have a current, valid, machine readable passport. Participants are expected to obtain their own travel insurance appropriate for the trip and are responsible for obtaining an Electronic System for Travel Authorisation (ESTA) to gain entry to the US. Participants are personally responsible for their Visa to the US and should ensure they are eligible for a US visa prior to accepting the prize.
  • The cost of travel from their home office location to Boston and return plus overnight accommodation from Thursday 25 January – Saturday 3 February 2018 will be covered by HIE. Any other costs incurred during the trip for subsistence, meals and any personal expenses during the visit are to be covered by each individual’s company. Any extra travel costs or accommodation costs incurred by individuals extending their trip to the US before or after the EDP course are also at the company’s own expense.
  • Withdrawal from the visit following notification and acceptance of the prize will leave the winner eligible for any booked travel and accommodation costs.
  • Should any participants have any dietary, mobility or medical requirements that HIE and the group leader (a representative from HIE) needs to be aware of during the visit, please ensure they are notified in advance of the visit.
  • Participants are requested to join in with the full visit programme as scheduled by HIE and take part in the group activities and networking opportunities in order to gain most value from the visit. HIE expect a professional level of behaviour from all group members during the visit as the behaviour of the Scottish cohort during the visit is a reflection on HIE’s reputation at MIT and within the wider Boston community.
  • On return from the visit to MIT, the participating businesses will be required to produce a short report on the trip, describing the benefits of the visit and how they will apply the learning to their business. A template report structure will be provided. This report must be submitted to HIE by the end of February 2018. In addition, the successful companies will be required to share their experience with other aspiring Scottish entrepreneurs and for promotional purposes when requested to by HIE during the course of the MIT EDP programme and over the following year.
  • HIE will do external PR activity around the competition and the successful applicants. This will involve listing names and companies on websites, press articles and social media activity, using photos where supplied. Where HIE receives specific requests for interviews, individuals will be informed in advance.
  • By submitting an application and entering this competition, you herby grant the sponsor (Highlands and Islands Enterprise) the right to use, publish and distribute your entry and any promotional photographs supplied or taken in connection with the promotion of the partnership with MIT. Further, none of the entry materials submitted by you will be treated as confidential, so please do not submit any proprietary information.
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