Phase 1: Training
Meltwater Entrepreneurial School of Technology (MEST) is a highly competitive two-year training program for ambitious graduates with an interest in technology and a desire to start their own companies.
- Develop an understanding of the process to start a successful software company
- Learn the basics of programming
- Write a credible business plan
- Develop a prototype utilizing the full software development life cycle
- Generate and develop potential business opportunities, evaluate viability and write preliminary business plans
- Implement software development projects solicited from external parties
- Develop a prototype and business plan
- Prepare for launching your business or applying to the Meltwater Incubator
Entrepreneurs in training (EITs) attend lectures and labs in Product Development and Technology and complete assigned readings. The bulk of the work is demonstrated through monthly software project assignments.
EITs gain skills in:
- Programming languages and concepts (PHP, Java, OOP)
- Software Development Tools (Eclipse IDE, SVN, Bugzilla)
- Databases (MySQL, SQL)
- Open source (Drupal)
Additional learning objectives include:
- Managing software development projects
- Using iterative development processes
- Applying visual modeling techniques
- Utilizing UML artifacts
- Estimating effort for software development tasks
- Utilizing an integrative approach to software design and construction
This portion of the program consists of lectures, workshops, readings, and assignments.
The main objective is to gain an understanding of the process of turning an idea into a business while developing practical skills in communication, human resources, marketing, finance, and sales.
EITs also gain practical experience in teamwork skills including decision-making, problem solving, conflict resolution, and peer evaluation.
Learning objectives include:
- Crafting and delivering elevator pitches
- Generating and scrutinizing business ideas
- Analyzing a business in the context of competitive forces
- Writing a business plan
- Delivering business presentations
- Recruiting and hiring, screening CVs/resumes, conducting phone interviews, and participating in interviews
The MEST seminar is a collaborative learning environment where EITs share observations and insights about a topic in group discussions. After completing a reading assignment, they question assumptions, explore a diversity of perspectives, and exchange ideas and opinions with others.
Learning objectives include:
- Thinking critically and listening actively
- Researching and analyzing
- Improving written and oral communication
EITs read a variety of books, some of which include:
- The Art of the Start, by Guy Kawasaki
- The Cathedral and The Bazaar, by Eric Raymond
- From Good to Great, by Jim Collins
- The World is Flat, by Thomas Friedman
- The Purple Cow, by Seth Godin
- The Design of Everyday Things, by Don Norman
- A Whole New Mind, by Daniel Pink
Four times per year, executives and entrepreneurs from successful companies and organizations around the world arrive at MEST to share their stories and lessons learned with our trainees. The guest lecture series is an important part of the training; EITs get exposure to the international business arena. To become involved in the guest lecture series, read more here.