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Every year, SEID fosters productive collaborations between MIT Sloan students and new ventures in emerging markets as part of our action learning projects. Teams of 3-4 MBA students spend the fall semester working with these organizations to solve important str
ategic challenges they are facing. In the spirit of the MIT motto, Mens et Manus, MBA students get an amazing opportunity to apply the theories from the classroom to have real impact on the ground.
This year, SEID has organized 8 projects for MBA students to immerse themselves in. Each project is an entrepreneurial venture with operations on the ground in a developing country. Our projects are spread throughout the world in Tanzania, Iraq, Ghana, India, Liberia and Nicaragua and cut across a whole range of industries.
EGG-energy is a for-profit company with a social mission to improve low-income customers’ quality of life by making available a convenient, safe, clean and affordable energy source. Since June 2008, a multi-disciplinary team from MIT and Harvard has been working on an innovative solution to bring affordable power to communities in the developing world. Our goal is to bridge the power distribution gap that keeps 1.6 billion people worldwide in the dark.
EGG-energy offers households and small businesses in Tanzania a battery subscription service that provides electricity sufficient to power lights, a radio, and a mobile phone. Customers pay a subscription fee for the portable, rechargeable battery and a small fee to swap it for a fully charged battery. According to EGG-energy, Tanzanians spend more than 10 percent of their income on kerosene or disposable batteries, yet 80 percent of Tanzanians live within 5 kilometers of the energy grid. EGG-energy seeks to solve the distribution problem and offer customers comprehensive electricity services at a lower cost than what they are currently spending. In 2009, EGG-energy was a 2009 MIT IDEAS Competition award-winning team. In 2010, they won the prestigious Echoing Green Fellowship.