Role of Mentors
Mentors serve as resources for MIT Sandbox participants by:
- Offering feedback on proposals and funding level recommendations to the executive director
- Providing mentorship to individuals and to student teams and helping them set direction and goals
Mentors commit to 1 year at a time, with roughly 8 hours of effort per month.
MIT Sandbox seeks to engage the expertise of local industrial and high-tech communities, global experts, and the MIT alumni community. Contact us, if you are interested in becoming a mentor.
Many mentors are also investors and, as a result, may wish to invest in one of the Sandbox teams. For this reason, Sandbox mentors and students will be provided with a policy regarding conflict of interest that may arise due to the interaction of Contributors (or representatives, investors, members, or affiliates of Contributors) with MIT and MIT students through the Program. The policy provides, among other things, the process below in case a Contributor Party wishes to engage in discussions with a student about the possibility of investing in his or her entrepreneurial idea prior to that student graduating from MIT.
- The Contributor must disclose to MIT the interest in engaging in investment discussions with the student or team.
- If the student does not already have an independent venture mentor through the Program, MIT will appoint one for the student.
- If the student and the Contributor Party close on an investment, MIT will decide, based on a review of the facts and circumstances, whether or not the Contributor may remain active in the Sandbox.
- If MIT decides that the Contributor may remain active in the Program, the Contributor must thereafter recuse itself from any Program discussion or decision, including any Funding Board discussion, pertaining to that student enterprise.
- MIT will determine who is included as a Contributor Party with a Contributor.