Things you need to know about MIT REAP Lagos

Things you need to know about MIT REAP Lagos

The Massachusetts Institute of Technology’s Regional Entrepreneurship Acceleration Program (MIT REAP) is a capstone global initiative at MIT designed to help regions accelerate economic growth and job creation through innovation-driven entrepreneurship (IDE). Partner regions form multi-disciplinary teams and commit to a two-year learning engagement with MIT. During this engagement, teams work with world-renowned MIT faculty and the broader REAP community through a series of action-learning activities to build and implement a custom regional strategy for enhancing their IDE ecosystems.

MIT REAP is built around innovation-driven entrepreneurial ecosystems (IDE Ecosystem) that have served as the foundation of many successful regions since the first industrial revolution, and now characterize policymakers places such as Silicon Valley, Boston/Cambridge, London’s TechCity and Singapore. It examines the perspective of five critical stakeholders: entrepreneurs, risk capital providers, eco-map-1and universities, policy makers(government) and large corporations. It provides frameworks for understanding the strengths and weaknesses of innovation-driven entrepreneurship in particular

It examines the perspective of five critical stakeholders: entrepreneurs, risk capital providers, and universities, policy makers(government) and large corporations. It provides frameworks for understanding the strengths and weaknesses of innovation-driven entrepreneurship in particular regions and then focuses on policy and programmatic interventions that can be designed and implemented to accelerate entrepreneurship across regional economies worldwide.

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