Apple co-founder Steve Jobs described the pc as A bicycle for the mindWhat the Martin Trust Center for MIT Entrepreneurship just launched, has a bit more horsepower.
“Maybe it’s not a Ferrari yet, but we’ve got a automobile,” says Bill Auletthe middle's executive director. The vehicle: the MIT Entrepreneurship JetPack, a generative artificial intelligence tool trained on Aulet's 24-step model. Disciplined entrepreneurship Framework for inputting prompts into large language models.
Present a startup idea to the Eship JetPack, “and it's like five or 10 or 12 MIT students immediately run out and do all of the research you wish based in your query after which bring back the reply,” says Aulet.
The tool is currently getting used by entrepreneurship students and is being tested outside of MIT. Waiting list that potential users can join. The tool is accessed via the Trust Center orbit digital entrepreneurship platform launched in 2019 for student use. Orbit was born out of a necessity for a substitute for the static Trust Center website, says Aulet.
“We weren't following our own rules of entrepreneurship,” he says. “We meet students where they’re, and increasingly of them are on their phones. I said, 'Let's construct an app that's more dynamic than a static website, and that's how we will reach students.'”
With the support of Trust Center Executive Director Paul Cheek and Product Lead Doug WilliamsOrbit has develop into a one-stop shop for student entrepreneurs. On the backend of the platform, the middle's leaders can see what users are clicking on and what they aren't.
Aulet and his team have been studying this user information since Orbit launched. This has helped them to find how students need to access information, not nearly course offerings or applying to startup competitions, but in addition to get guidance on an idea they’re working on or to attach with an entrepreneurial community of co-founders and advisors. The team also received advice from Ethan Mollick SM '04, PhD '10, associate professor of management on the Wharton School and writer of a brand new book, “Co-Intelligence: Living and Working with AI.”
Official work on the Eship JetPack began about six months ago. The name was inspired by the acceleration that a jetpack offersand the necessity for a human being to harness the momentum and direct its direction.
“As we shifted from our initial give attention to gathering information to providing guidance, Startup Tactics Frameworks were the right place to begin,” says Williams.
One of the primary beta users, Shari Van CleaveMBA '15, demonstrated how the AI tool in a YouTube video.
She submitted an experimental idea for mobile charging of electrical vehicles and inside seconds the AI tool suggested market segments. Bridgehead marketsa business model, pricing, assumptions, testing, and a product roadmap – and people are only seven of the 24 steps of the disciplined entrepreneurship framework she examined.
“I used to be impressed by how quickly the AI generated recommendations for the whole lot from market size (TAM) to lifetime customer value models,” Van Cleave said in an email. “A high-quality rough draft means founders, whether recent or experienced, can execute and lift money faster.”
And even for entrepreneurs who have already got an idea and have already undergone the 24-step process, the tool could be useful, says Aulet. For example, they may want insights and quotes on how their company can improve its performance or determine if there may be a greater market they will goal.
“Our goal is to spice up entrepreneurship and a tool like this is able to enable more people to be entrepreneurs and be higher entrepreneurs,” says Aulet.
