We received notification via email from Geng Tan, Chairman of the Board, MIT Enterprise Forum of New York City that the MIT Enterprise Forum of New York City is closing.
This is a hard email to write. As you may have seen in the press, we are sad to announce that our organization is closing after 50 years of engaging the local entrepreneurial community through our award-winning events and will be donating our cash reserves to the MIT Media Lab Fund to support alumni entrepreneurial activities.
Our last event, Decentralization, Decarbonization and Democratization of Energy, will be held on June 30th, and we will cease operation after that.
This comes after MIT’s decision last month in May to discontinue the MIT Enterprise Forum program by the end of June.
Given the limited timeframe, the board has decided not to pursue forming a new entity that didn’t include the MIT community in a significant way and also voted to donate our remaining funds.
This is very sad, we at Adept Technologies Inc. had many good times with the MIT Enterprise Forum of New York City over the years. We met many wonderful people, made many good friends, and we brainstormed many technology enhancements over the years with people and companies we met via the MIT Enterprise Forum.
As with all endings and closing there are future opportunities.
About MIT Enterprise Forum of New York City
MIT Enterprise Forum of New York City (http://www.MITEFNYC.org) is a 501(c)(3) non-profit with a mission to inform, connect, and coach technology entrepreneurs, enabling them to rapidly transform ideas into world-changing companies.
The group was founded in 1971 by John Jenkins, an engineer who graduated from MIT. Most recently, MIT Enterprise Forum consisted of 17 chapters around the world.
References:
Reference 1: businesswire.com – MIT Enterprise Forum of NYC Closes and Donates Cash Reserves
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