Entrepreneurship and Innovation are the core of the MIT Sloan MBA. The focus shows through the Sloan Innovation Period (SIP) - a week in the middle of each semester during which classes are put on hold so that faculty can conduct seminars and projects that connect students to the newest findings of MIT Sloan researchers. The university hosts three entrepreneurship competitions — the Pitch, Accelerate and Launch Contests — that dole out over $350,000 in prize money each year. The school’s E-Lab is a course that puts students on projects with local tech startups for 1 or 2 days a week. The G-Lab (Global Entrepreneurship) allows second-year students to spend about four months total on consulting engagements for startup firms in emerging nations. The S-Lab (Sustainability Lab) matches MIT Sloan MBA students with organizations across the globe and equips them to resolve sustainability issues that businesses face.