MIT Enterprise Forum of New York City

What MIT Enterprise Forum of New York City does

MIT Enterprise Forum of New York City (MITEF-NYC) is a volunteer-driven, non-profit chapter organization that for approximately forty years has supported technology entrepreneurs in the New York City area. The organization delivers world-class business learning events — including quarterly panels, startup showcases, think tanks, fireside chats, pitch contests, and networking sessions — with topical focus on digital media, information technology, cleantech, and bioscience/healthcare. Events are hosted at premier Manhattan venues such as Chadbourne & Parke LLP at 30 Rockefeller Plaza, the NYU Stern Berkley Center for Entrepreneurship & Innovation at 44 West Fourth Street, The New York Times building at 620 Eighth Avenue, and the New York Academy of Sciences at 7 World Trade Center, and have featured VC panelists from Greycroft Partners, ff Venture Capital, First Round Capital, StarVest Partners, Union Square Ventures, and Google Ventures, as well as high-profile speakers including MIT Media Lab Director Joi Ito and ImClone founder Sam Waksal. Over 100 events are documented between 2005 and 2014, with the flagship annual Pace Pitch Contest presented in partnership with Pace University.

Name

MIT Enterprise Forum of New York City

Legal name

MIT Enterprise Forum of NYC

Website

https://mitef-nyc.org

Company type

Private

Founded year

1984

Operating status

Operating

Headcount range

11–50 employees

Short description

MIT Enterprise Forum of New York City is a volunteer non-profit chapter that supports NYC technology entrepreneurs through quarterly business learning events, startup showcases, pitch contests, and networking with venture capitalists, funded by memberships, event fees, and corporate sponsorships.

Ownership category

akta.pro rank

Product category

Entrepreneurship Education and Networking

NAICS

Business Associations (813910), Convention and Trade Show Organizers (561920), Professional and Management Development Training (611430)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Professional & Association Conferences (MPAGAGAB)

akta.pro secondary industries

Corporate Meeting & Conference Planning (Internal/External) (THAHACAB), Product & Innovation Summits (Roadmap, Launch Readiness, Innovation Days) (THAHAMAG)

Keywords

• Entrepreneurship education programs
• Tech startup networking
• Venture capital events
• Business pitch contests
• Startup showcase forums

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: The organization operates a membership program through which members receive free or discounted access to events. Non-member event registration is $50 with an additional $10 fee at the door. Membership fees represent a recurring revenue stream supporting the chapter's operations.
2. Event Sponsorships: Corporate sponsors including law firms (Chadbourne & Parke LLP), universities (NYU Stern School of Business, Pace University), and technology companies sponsor individual events, providing financial support in exchange for branding, networking access, and audience reach among NYC's tech entrepreneurship community.
3. Event Registration Fees: Non-members pay $50 per event registration, with an additional $10 surcharge at the door. Events are free for members. Revenue is generated per event from non-member attendees who wish to participate in panels, showcases, and networking.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

The MIT Enterprise Forum of New York City delivers world-class business learning events (panels, startup showcases, think tanks, fireside chats) and networking opportunities for technology entrepreneurs in New York City. The organization runs an annual membership program, a Business Plan Pitch Event, and the Pace Pitch Contest in partnership with Pace University, with a focus on digital media, information technology, cleantech, and bioscience/healthcare sectors.

Product overview

MIT Enterprise Forum of NYC operates as an events and networking organization that has supported technology entrepreneurs for 40 years. The organization delivers world-class business learning events (including panel discussions, startup showcases, and think tanks) along with membership programs and sponsorship opportunities. Focus areas include digital media, information technology, cleantech, and bioscience/healthcare. The organization facilitates connections between entrepreneurs and venture capitalists through pitch events, networking handbooks, and collaborative programming.

Differentiator

Problem solved

Functional benefit

Products and services

• MITEF Events and Programming Quarterly and ongoing business learning events for technology entrepreneurs, including panel discussions, startup showcases (5 companies per event), think tank sessions, and fireside chats, focused on digital media, IT, cleantech, and bioscience/healthcare. Audience: technology entrepreneurs, startup founders, VCs, and corporate executives in NYC.
• MITEF Membership Program
• Business Plan Pitch Event
• Pace Pitch Contest
• Partnering/Sponsorship Program

Quantifiable outcome

• 100+ documented startup showcase presentations between 2005-2014, with each event featuring 5 companies pitching to panels of leading VCs
• +1 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Technology Review Magazine (MIT)coreStrategic or Co-development Partner · 15 March 2011MIT Enterprise Forum of NYC co-presented the TR50 Special Event in March 2011 with Technology Review Magazine at the New York Academy of Sciences. Technology Review is MIT's official technology magazine, and the TR50 is its annual list of the 50 most innovative companies. This partnership leverages MIT's global brand and editorial authority to deliver high-profile programming to the NYC tech community.
• Chadbourne & Parke LLPminorOthersChadbourne & Parke LLP served as a regular event host and sponsor for MIT Enterprise Forum of NYC events, providing venue space at 30 Rockefeller Plaza. The law firm, which specializes in corporate and finance law relevant to tech and venture capital transactions, co-branded events and provided panel moderators and organizational support.
• NYU Stern School of BusinessminorOthersNYU Stern School of Business hosted MIT Enterprise Forum events at the Berkley Center for Entrepreneurship & Innovation, providing venue space and academic co-branding for events such as the Cleantech: Scaling to Growth forum in January 2011.
• Pace UniversitycoreOthersMIT Enterprise Forum of NYC partnered with Pace University to present the annual Pace Pitch Contest, a pitch competition for student entrepreneurs based on the elevator pitch concept. Pace provided venues, judges, and promotional support for this flagship annual event spanning multiple years.
• The New York Times / NYTimes.comminorOthersThe New York Times hosted and sponsored the Hyperlocal News event in February 2011 at The New York Times building (620 Eighth Avenue), providing venue space, catering, and co-branding. The event explored hyperlocal news business models and the $30B local advertising market.
• MITEF Worldwide ChapterscoreOthersMIT Enterprise Forum of NYC is part of the MIT Enterprise Forum global chapter network, which includes chapters worldwide connected to MIT's technology and entrepreneurship resources, MIT Courses, MIT Programs & Centers, and MIT Student Groups.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• TiE (The Indus Entrepreneurs): Global nonprofit fostering entrepreneurship through mentorship, education, networking, and chapter-based events worldwide. Comparable nonprofit chapter-driven model serving technology founders and investors.
• Founders Network: Membership-based nonprofit community of technology founders offering peer support, mentorship, and curated events. Comparable membership-driven model targeting early-stage tech entrepreneurs.
• MIT Enterprise Forum of Silicon Valley: West Coast sister chapter of MIT Enterprise Forum delivering the same MIT-branded business learning and entrepreneurship events for the Silicon Valley tech ecosystem. Identical chapter model with regional focus.
• MIT Enterprise Forum of Cambridge: Sister chapter of MIT Enterprise Forum based in the Cambridge/Boston area; runs similar tech entrepreneurship panels, startup showcases, and networking events. Directly comparable business model and programming structure.
• Startup Grind: Global nonprofit community that educates, inspires, and connects entrepreneurs through events, content, and chapter-based programming. Directly comparable as a founder-focused nonprofit event organization with local chapters.
• MIT Enterprise Forum (Global): Parent organization of MITEF-NYC; runs the global chapter network coordinating MIT-affiliated entrepreneurship events and programming worldwide. Directly comparable as the umbrella brand under which MITEF-NYC operates.
• Tech:NYC: NYC-based nonprofit industry organization representing the New York tech ecosystem, convening founders, investors, and policymakers through events and advocacy. Directly comparable as a NYC-focused tech community and events organization.

Broad incumbents

• Entrepreneurs' Organization (EO): Global membership organization for founders and entrepreneurs offering events, peer learning, and accelerators across 220+ chapters. Comparable membership-based founder community, broader in scope but similar model.

Regional players

• New York Academy of Sciences: NYC-based nonprofit scientific and entrepreneurship community hosting events, programming, and convenings at 7 World Trade Center. Comparable as a nonprofit that hosts and co-presents NYC innovation programming with MITEF-NYC.
• NYC Tech Meetup: Long-running NYC tech community gathering founders, developers, and investors at monthly meetups and showcases. Comparable as a NYC-based free/community-led tech entrepreneur events organization.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mitefnyc
• Facebookfacebook.com/MITEF.NYC
• LinkedInlinkedin.com/company/mit-enterprise-forum-of-nyc

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MIT Enterprise Forum of New York City