Takeoff Institute

Round
Spring-Summer 2022
Project Location
Cambridge, MA
Project Type
Fast track
Project Focus
Business Plans,
Cost Analysis,
Market Analysis
Organization Type
Education

Organization

Founded in 2020, the Takeoff Institute is on a mission to provide resources, mentorship, and financial literacy for Black undergraduates to equip future leaders of America. Its core program, the Takeoff Fellowship, is an eight-week summer bootcamp for 50 Black undergraduate students. The goal of the fellowship is to prepare these students for a successful career journey by providing them with one-on-one mentorship and support in career exploration, financial literacy, time management, networking, and more. To date Takeoff has graduated 100 students, many of whom have gone on to roles at Apple, Facebook, Goldman Sachs, Tesla, and other big-name businesses.

Issue

What ought to be included in a comprehensive online resource platform to assist Black college students in preparing to build a successful career?

Situation

The fellowship program only reaches 50 students per summer and there are 1.1M Black undergrads attending college/university each year. Takeoff plans to launch a free online repository called The Vault, with resources covering career exploration, financial literacy, personal brand development, and more. It will be the largest resource repository for Black students with easy access to information in one place. Takeoff’s goal is to have every Black student use the platform at some point in their academic journey and return as they build skills and a career, to attest that they developed skills that mattered greatly in the world.

Project Overview

Takeoff is requesting ACT’s help to understand the landscape and outline foundational elements to launch The Vault. The team would research other resource repositories that could serve as good examples, gather feedback from students and other relevant community members to shape what impactful resources need to be included in the Vault, and analyze the costs and operating needs to set up the repository. This project might be followed by a business plan and/or marketing communications plan.

Other

This is a Fast Track project:

  • Scope: Focused, specific organizational issue
  • Team Size: 2-3 consultants
  • Project Duration: 3 months
  • Estimated Time Contribution: 25-30 hrs total (per consultant)

Read more about the Fast Track Project Consultant role.