With the impact artificial intelligence is having on how companies operate, the environment for how MIT students are learning entrepreneurship and choosing to create new ventures is seeing rapid changes as well. To address how these student startups are being built, the Martin Trust Center for MIT Entrepreneurship undertook a months-long series of discussions with key stakeholders to help shape a new direction for delta v, MIT’s capstone entrepreneurship accelerator for student founders.
Two of Boston’s most successful tech entrepreneurs have stepped forward to fund this growth of new MIT ventures through a combined $6 million gift that supports the delta v accelerator run out of the Trust Center. Ed Hallen MBA ’12 and Andrew Bialecki, co-founders of Boston-based customer relationship management firm Klaviyo, are providing the donation to support the next wave of innovation-driven entrepreneurship taking place at MIT.
“In the early days of Klaviyo, we learned almost everything by building, testing assumptions, making mistakes, and figuring things out as we went,” Hallen says. “MIT delta v creates that same learning-by-doing environment for students, while surrounding them with mentorship and resources that help founders build with clarity and momentum. We’ve seen the difference delta v can make for founders, and we’re excited to help the Trust Center extend that opportunity to the next generation of students.”
“We’ve always believed the world needs more entrepreneurs, and that Boston should be one of the places leading the way,” adds Bialecki. “Boston is a hub of innovation with ambitious students and a strong community of builders. MIT delta v plays a critical role in developing founders early, not just helping them start companies but helping them build companies that last. Supporting that mission is something Ed and I care deeply about.”
The Martin Trust Center plans to “accelerate the accelerator” with the funding. Recognizing the opportunity that exists as AI impacts how students are able to build companies, along with the increased interest being shown by students to learn about entrepreneurship during their time on campus, is a major driver for these changes. One of the main impacts will be the ability of delta v participants to earn up to $75,000 in equity-free funding during the program, an increase from $20,000 in years past.
Also, delta v will be introducing a partner model composed of leading founders from companies such as HubSpot, Okta, and Kayak, C-suite operators, subject matter experts, and early-stage investors who will all be providing significant guidance and mentorship to the student ventures.
“Core to MIT’s mission is developing the innovative technologies and solutions that can help solve tough problems at global scale,” says MIT Provost Anantha Chandrakasan. “The AI revolution is creating exciting new opportunities for MIT students to build the next wave of impactful companies, and the delta v accelerator is a perfect vehicle to help them make that happen.”
In recent years MIT-founded startups such as Cursor and Delve who use AI as a core part of their business have seen explosive growth in both customers and revenue as well as valuation. In addition, delta v alumni entrepreneurs and their companies such as Klarity and Reducto are providing software-as-a-service (SaaS) platforms using AI tools while Vertical Semiconductor is growing thanks to providing the energy solutions that data centers need to power today’s computing demands. These are just some of the businesses MIT students are looking to as models they can follow to build and launch successfully, whether they are working on solutions in health care, climate, finance, the future of work, or another global challenge.
“MIT Sloan is the place for entrepreneurship education, part of a unique ecosystem of collaboration across MIT to solve problems," says Richard M. Locke, the John C Head III Dean at the MIT Sloan School of Management. “The delta v program is a great example of how MIT students dedicate their energy to starting a venture, connect with mentors, and incorporate proven frameworks for disciplined entrepreneurship. This gift from Ed Hallen and Andrew Bialecki will provide additional funding for this important program, and I’m so grateful for their support of entrepreneurship education at MIT.”
“I remember when Ed and Andrew were giving birth to Klaviyo at the Trust Center,” says Bill Aulet, the Ethernet Inventors Professor of the Practice and managing director of the Trust Center. “Through their ingenuity and drive, they have created an iconic tech company here in Boston with the support of our ecosystem. Through their willingness to give back, many more students will now be able to follow their path and become entrepreneurs who can create extraordinary positive impact in the world.”
Applications for the next delta v cohort will open on March 1 and close on April 1. Teams will be announced in May for the summer 2026 accelerator.
“MIT delta v is about creating belief in our most exceptional entrepreneurial talent — and turning that belief into consequential impact for the world. By supporting early-stage founders who take bold ideas from improbable to possible, we help them build companies that matter,” says Ana Bakshi, the Trust Center’s executive director. “Our students are the next generation of job creators, economic drivers, and thought leaders. To realize this potential, it is critical that we continue to invest in and scale startup programs and spaces so they can build at unprecedented levels. Ed and Andrew’s generosity gives us a powerful opportunity to change velocity—and make that future possible.”
Founded in 1991, the award-winning Martin Trust Center for MIT Entrepreneurship is today focused on teaching entrepreneurship as a craft. It combines evidence-based entrepreneurship frameworks, used in over a thousand other organizations, with experiential learning, experiences, and community building inside and outside the classroom to create the next generation of innovation-driven entrepreneurs. Alumni who have gone through Trust Center programs have started companies including Cursor, Delve, Okta, HubSpot, PillPack, Honey, WHOOP, Reducto, Klarity, and Biobot Analytics, and thousands more in industries as diverse as biotech, climate and energy, AI, health care, fintech, business and consumer software, and more.
In the first 10 years of delta v, the program's alumni have helped create entrepreneurs who have gone on to experience extraordinary success. The five-year survival rate of their companies has been 69%, and they have raised well over $3 billion in funding while addressing the world’s greatest challenges — evidenced by the fact that 89% are directly aligned with the UN Sustainable Development goals.
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