With more than 30 years of experience in investments and finance, Jean-Jacques Degroof is a mentor and teacher who focuses on young entrepreneurs. Jean-Jacques Degroof has been heavily involved with the Massachusetts Institute of Technology, including as a student and a researcher. He also has been a supporter of MIT’s mentoring program, the Venture Mentoring Service (VMS), which began almost two decades ago.
The VMS, a team-based mentoring program, continues to grow, and is now being used at other institutions. The program gives budding entrepreneurs access to a team of volunteer mentors who provide support and advice as they grow their business through a structured process in all confidentiality.
Ariane Martins, VMS' Outreach Training Project manager, notes that the structured, team-based approach to mentoring has provided tangible value to entrepreneurs in the past few years as they have sought to grow their businesses. In 2019, VMS had assisted more than 2,500 entrepreneurs belonging to 1,450 ventures, which raised in investment and grants in excess of $1.44 billion.
A summa cum laude graduate of the Catholic University of Louvain (UCLouvain) in Louvain-la-Neuve, Belgium, Jean-Jacques Degroof went on to earn his PhD at the Massachusetts Institute of Technology (MIT). As an educator and venture investor, he has long championed technology-based innovation and entrepreneurship. Jean-Jacques Degroof was instrumental in establishing an MIT Global Startup Labs (GSL) at UCLouvain in the summer of 2018.
The MIT GSL at UCLouvain, a free program, involved the selection of 20 students, young professionals, or researchers from UCLouvain partner companies. These young individuals must be enthusiastic about establishing a startup. The selected participants were immersed in a 6-week program of lectures and workshops in the summer of 2018 under the tutelage of 4 to 5 MIT student/instructors. The attendees then participated in a one-day demo event.
Launched in 2000, the MIT GSL fosters development by partnering with universities in emerging/chosen regions and formulates advanced courses handled by MIT instructor/students. Internet and mobile technologies are the focus of these courses, which are designed so that participants become aware of the technologies' business potential. To date, over 2,750 entrepreneur participants in 15 countries have undergone this real-world startup incubation mentorship.
An experienced managerial and financial expert, Jean-Jacques Degroof works with young entrepreneurs and business owners at various business schools in Europe. Previously a researcher at the Massachusetts Institute of Technology (MIT) Sloan School of Management, Jean-Jacques Degroof has developed a passion for technology innovation. His activities include offering solutions to global challenges as a member of MIT Solve.
MIT Solve is a yearly event that connects over 500 global leaders with the MIT community. The purpose of this annual event is to focus on the goal of the Solve initiative: addressing urgent global challenges. The 2019 Global Challenges include topics like the circular economy, community-driven innovation, early childhood development, and healthy cities.
The 2018 Solve Challenge Finals were held in New York and yielded 1,150 solutions from teams from more than 100 countries. The goal of MIT Solve events is to introduce the teams to possible partnerships that may result in the funding, management, and scaling of their solutions. Additionally, participants can compete to earn various Challenge Prizes, including the General Motors Prize for Advanced Technologies, the Blockchain for Social Impact Prize, and the UN Women She Innovates Prize for Gender-Responsive Innovation. For more information about MIT Solve, visit https://solve.mit.edu/.
Jean-Jacques Degroof, an experienced professional in the areas of investment and management, mentors for the Massachusetts Institute of Technology (MIT) Sloan School of Management Student-Alumni Mentoring Program. There, he counsels young entrepreneurs. Jean-Jacques Degroof admires the work of the technological research initiative Work of the Future, a task force launched by MIT.
Work of the Future is focused on studying developing technologies and identifying their potential impact on the workforce. Several research projects have suggested that the nature of work would undergo a tremendous transformation as a result of the application of technologies in various sectors.
Major technological advancements such as Artificial Intelligence (Robotics), Machine Learning, Big Data, Blockchain, and the Internet of Things would require people to gain new skill sets. This is because as various work processes are digitalized, the analog methods formerly utilized will become redundant. However, researchers have indicated that the aim of the application of these technologies is not to eradicate human involvement in the workforce. Rather, they aim to provide an easier and more efficient way of working. This research represents a step in the right direction, which is to complement and enhance human potential.
With more than two decades of experience as a venture investor and corporate board member, Jean-Jacques Degroof teaches and mentors entrepreneurs throughout Europe. As part of his advisory activities, Jean-Jacques Degroof served as a member of the advisory board of the Charité Entrepreneurship Summit from 2013 to 2015. He has took part in the conference, which promotes entrepreneurial advances in the biomedical sector, since 2012.
Biomedical science is a broad area of study that merges biology and medicine to improve the health of people and animals. Biomedical research is responsible for many of the newest, most successful medical treatments for diseases such as AIDS and cancer.
Biomedical engineering combines the tools and techniques of multiple engineering fields with biomedical science to solve healthcare challenges. This has resulted in innovations such as artificial hips, pacemakers, and 3-D printing of biological organs. Through ongoing biomedical research and engineering, science continues to make great gains in tissue and stem cell engineering, orthopedic implants, medical imaging, and many other areas of healthcare.
A former fellow of the MIT Sloan School of Management, Jean-Jacques Degroof is an entrepreneur and venture investor with more than two decades of experience in Europe and the United States. Jean-Jacques Degroof completed postdoctoral studies at the Center for Business and Government at Harvard University's John F. Kennedy School of Government, where he focused on overcoming inefficient entrepreneurial infrastructure for academic ventures.
The Mossavar-Rahmani Center for Business & Government traces its roots to 1978, when John Dunlop, a professor at Lamont University, laid the groundwork for the center in a series of papers and essays. Dunlop's writing explored the relationship between government and business, and proposed dedicating more resources to the study of business-government relations at the Business School and the Kennedy School. Dunlop published the book, Business and Public Policy, in 1980.
Dunlop's vision was met with that of Harvard President Derek Bok and Dean Graham Allison, who also sought a revitalized Kennedy School. When Harvard alumnus and donor Frank Weil recruited Winthrop Knowlton as director, the final piece of the puzzle fell in place. The Center for Business & Government was officially founded in 1982. It was renamed the Mossavar-Rahmani Center for Business & Government in 2005.
A fellow of the MIT Sloan School of Management, Jean-Jacques Degroof has extensive experience in international business ventures. One of Jean-Jacques Degroof’s early investments was Zipcar.
The car-sharing network Zipcar is an innovative company at the forefront of revolutionizing how people use transport. Its members get access to cars on-demand, allowing them to drive whenever they want wherever they are, without having to own vehicles themselves. All someone has to do to join the network is simply apply online. Once approval is granted, the applicant will receive a Zipcard by mail. With this, the person can activate Zipcar on a smartphone, book a nearby car, unlock it by tapping the card onto a reader on the windshield, get in, and drive.
But Zipcar is doing more than just changing how people travel. It is also helping them save on costs while making the world greener. Thanks to Zipcar’s affordable rates, members save an average of $600 a month over car owners. In addition, every Zipcar is estimated to take 13 personally owned vehicles off the street. Zipcar members also drive 5,500 miles less per year, saving 32 million gallons of oil. That means less greenhouse gas emissions and cleaner air.
MIT Sloan School of Management fellow Jean-Jacques Degroof has more than three decades of experience in venture capital. Heavily involved in MIT initiatives, Jean-Jacques Degroof is a member of MIT Solve.
Solve challenges innovators and entrepreneurs to seek new solutions to the problems facing humanity. One of these relates to the uncertain future of work.
Advances in technology, from artificial intelligence to automation, are transforming how work is performed on factory floors, equity-trading desks, and even farms. These advances will displace people from their current positions and squeeze wages for other workers. However, all is not lost. Many believe that these transformations will also create new jobs and unleash the creative potential of humanity.
In the future, there will be a need for continuous learning, as more people are forced to reskill and find new roles. Solve seeks to support innovators who have developed tech-based solutions that will ensure no one gets left behind in tomorrow’s workforce. The community opened submissions from companies that offer paths to reskill and retrain employees, develop inclusive platforms for temporary and freelance workers, and include disenfranchised groups while creating new technologies and jobs. These submissions will be judged by a group of renowned professionals chaired by World Bank President Jim Yong Kim. Eventual winners will receive grant funding to pursue these goals.
An investment management professional with a wealth of experience in the academic sector, Jean-Jacques Degroof regularly lectures at a range of international colleges and universities. A graduate of the Massachusetts Institute of Technology, he also spent five years as an affiliate researcher with the MIT Industrial Performance Center. Jean-Jacques Degroof stays up to date with the latest activities at MIT that relate to technology and entrepreneurship.
A program of the MIT International Science and Technology Initiatives (MISTI), Global Startup Labs (GSL) recently entered its 18th year of international operation. GSL recruits and trains MIT undergrads and graduate students to teach mobile app development and nurture technological development among emerging student entrepreneurs around the world.
In 2018, GSL formally partnered with the Martin Trust Center for Entrepreneurship and the MIT Legatum Center for Development and Entrepreneurship to provide predeparture training and develop program strategy, respectively. In the summer of 2019, GSL volunteers will educate young tech leaders in the countries of Mexico, Germany, Belgium, Brazil, Georgia, Nepal, Ghana, Uganda, and South Africa.
An entrepreneur in the finance sector, Jean-Jacques Degroof has years of experience in the development, growth, and leadership of business ventures related to asset management. In addition to his entrepreneurial pursuits, Jean-Jacques Degroof has worked in a teaching capacity at business schools located around the world, including a role as a teaching assistant at the Massachusetts Institute of Technology (MIT).
Earlier this year, MIT hosted Canadian Prime Minister Justin Trudeau at its annual flagship meeting for Solve at MIT, an initiative geared toward the development and dissemination of technology-based solutions to global issues. In his speech to the gathered crowd, Trudeau spoke of the importance of embracing the changes brought about by global diversity and technological innovation, rather than adhering to outdated practices and giving in to fear.
The prime minister had previously expressed support for technological development and the sweeping changes it was sure to bring at other major tech events, including Google’s 2017 Go North event, held in Toronto. At this appearance, he spoke of his intention to lead Canada toward a future where the government invests in programs like artificial intelligence, robotics, and other “groundbreaking areas.” Above all, he means to encourage entrepreneurship in his country.
Luckily, it appears that the values Trudeau championed at MIT and Google are moving forward in 2018. He was recently celebrated alongside President of France Emmanuel Macron for entering into a partnership to study inclusive and ethical AI practices.