Singapore-MIT Alliance
Summer Conference 2001
The two-day Programme was held in the Wong Auditorium in the Tang Center (E-51)
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Speaker
Kenneth P. Morse Senior Lecturer and Managing Director, MIT Entrepreneurship Center
Abstract High Tech Entrepreneurship at MIT – What's Hot and What's Not
What are the critical success factors for starting and running a new, technology enterprise? How does MIT train the men and women who will make start up companies successful? What are the MIT resources available to, including the students in this class?
Biography Ken Morse leads the MIT effort to train leaders to bring innovative concepts and technologies to market and build successful high tech startup businesses. Based at the MIT Sloan School of Management, the MIT Entrepreneurship Center has the mandate to teach Entrepreneurship and to foster research, cooperation and collaboration, Institute-wide. The student-run $50K Entrepreneurship Competition, as well as enrollment in the New Enterprises and Entrepreneurship Laboratory Courses, are open to students from Engineering, Science, and Management, encouraging multidisciplinary teamwork. Morse joined MIT in 1996 after 25 years as an entrepreneur helping launch six high tech ventures. Between 1982 and 1996, Morse held a number of strategic positions in a venture-backed startup, Aspen Technology, Inc., which commercialized process modeling software originally developed at MIT. He initially crafted the company's global strategy and secured early customers in Europe and Asia. As a member of AspenTech's Board of Directors from 1986 until 1995, he focused on entry into new global markets, including high value applications of their enterprise software. From 1992 to 1996, he resided in Brussels as AspenTech's Managing Director for Europe, the Middle East, and Africa where he opened and managed new offices in France, Germany, Italy, Switzerland, and South Africa, as well as integrating the European businesses acquired by AspenTech. After an initial public offering (IPO) in October 1994, AspenTech has grown to 1800 employees worldwide, and revenues exceeding $150 million. In 1980, Morse relocated from China to Silicon Valley to help raise initial funding for 3Com Corporation, where he was employee #8 and served as the first head of sales, marketing, and planning. After a successful launch he returned to the Boston area where he has been a founder of several other MIT-related startup ventures including Applied Expert Systems, Inc. (a spinout from Index Systems), Organogenesis, and others. Ken Morse is a member of the Council on Foreign Relations, the World Affairs Council, the Cercle Royal Gaulois Artistique & Literaire (Brussels), and the Quissett Yacht Club. Prior to moving to Brussels Ken was a member of the Board of the MIT Enterprise Forum of Cambridge®. Mass High Tech named Ken "High Tech All-star" for his contribution to entrepreneurship education.
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