IDE Report 2016

Page 11

IDE CENTER REPORT 2016 | IDE CENTER

24 Steps to a successful start-up: MIT’s comprehensive IDE development strategy. The IDE Center partners with the Martin Trust Center of Entrepreneurship at MIT and uses MIT’s comprehensive IDE development strategy called the 24 Steps of Disciplined Entrepreneurship. The 24 Steps process is a comprehensive, integrated framework to identify and understand customers and their problems, to define innovative products solutions that become the basis of an IDE venture. The IDE Center uses the 24 Steps as the backbone of all of its training and accelerator programs.

6 Themes = 24 Steps Who is your customer? 1

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9

What can you do for your customer? 6

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9

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How does your customer acquire your product? 12

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How do you make money off your product? 15

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How do you design and build your product? 20

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How do you scale your business? 14

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