This week, a group of entrepreneurs and educators from the world famous Massachusetts Institute of Technology (MIT) visited New Zealand to look at unique and innovative Kiwi businesses… and BizDojo was a key stop in the Auckland leg.
The visit was part of MIT’s REAP (Regional Entrepreneurship Acceleration Program) initiative. REAPs goal is to enable teams from key regions around the globe in the development and execution of a well-designed acceleration strategy. Their approach focuses on entrepreneurial activity that can “enhance innovation-driven economic development and job creation”.
The visiting party of 35 included academics and businesspeople associated with MIT, as well as representatives from ATEED, who managed visit schedule. Other stops in Auckland included Serato, local purveyors of the world’s best digital DJ-ing technology, and The Foodbowl, which provides facilities and expertise for food businesses developing new products and technologies.
At the BizDojo, the REAP party heard a presentation from the partner team about the Dojo’s triple-stack business model, which combines co-working, consulting and investment. Beyond the provision of workspace, the BizDojo model leverages the power of co-located innovators to deliver consulting services, as well as identifying businesses that are ready for angel investment. Together, these create a unique SME Innovation Framework.
Phil Williams of BizDojo shared his thoughts on the day. "The REAP visit was a good opportunity for us to share the unique elements of what we’re doing. But even more importantly, to get feedback from some really smart people. Because our model is new, it can take a few goes for people to understand it, but as you’d expect the MIT team got it right away, and were very complimentary about what The BizDojo is doing.“
For more on the MIT REAP program or the BizDojo’s SME Innovation Framework, contact Jonah Merchant:firstname.lastname@example.org