MIT’s Martin Trust Center announces creation of Jack Goss Fellowship program
Program helps support student entrepreneurs pursue start-up ideas fulltime on campus
CAMBRIDGE, Mass.--(BUSINESS WIRE)--The Martin Trust Center for MIT Entrepreneurship announced the creation of the Jackson W. Goss Fellows, to provide educational and financial support for promising student entrepreneurs to pursue their business ideas fulltime on campus. The Fellows are made possible by a $5 million gift from the Anne Goss Foundation, established by Anne and the late Jackson (“Jack”) Goss, of Jupiter, Florida.
“Jack constantly emphasized the need to improve society by utilizing the most powerful force the world has ever seen: capitalism”
The Goss Fellows will receive workspace, funding, and mentoring and instruction to develop their start-up ideas at the MIT Global Founders’ Skills Accelerator (MIT GFSA), a summer program that runs from June through August. Fellows will work in teams and have access to resources and mentors from across the Institute, including the Deshpande Center for Technological Innovation, the MIT Venture Mentoring Service, and the MIT Media Lab Entrepreneurship Program.
“Fellows will hone their business ideas by learning the theory, frameworks, methods, and techniques of innovation-driven entrepreneurship,” said Bill Aulet, who is the managing director of the Trust Center and a professor of entrepreneurship at the school. “Our goal is to produce a new generation of highly prepared and well-connected entrepreneurs capable of creating businesses that solve some of the world’s greatest challenges.”
Jack Goss was a native of Lamar, Missouri, who fought in the Battle of the Bulge and was a decorated war hero in his youth. He later had a long and successful career in the investment management industry: he was a partner at Putnam Management Company in Boston and he served as the president of Investor Mortgage Insurance, which he helped build into a $6 billion insurance operation. Goss died in December, 2013
“Jack constantly emphasized the need to improve society by utilizing the most powerful force the world has ever seen: capitalism,” said Aulet.
“To do this most effectively, Jack believed you needed to take teams of strong, disciplined individuals, provide them with expert training, and also give them the time and space to experiment. Such is the credo with which Jack so successfully lived his life, and such is the legacy that the Jackson W. Goss Fellows will carry forward.”
The first class of Goss Fellows will be students selected for the 2014 installment of the MIT GFSA. Applications open in March, 2014.