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Tej Mehta wins $50K MIT prize for AI-powered venture
His startup, Haven, is a financial planning platform that helps families navigate lifelong disability care.
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Malvika Choudhary - Thu, 15, May 2025
- 14:53 EDT
- 88
Tej Mehta / LinkedIn
Tej Mehta, a student at the Massachusetts Institute of Technology, was awarded the second prize in the annual MIT $100K Entrepreneurship Competition for his venture.
Mehta’s startup, Haven, an artificial intelligence-powered financial planning platform that helps families navigate lifelong disability care, received the $50,000 David T. Morgenthaler Founder’s Prize.
Also Read: Startup founded by desi students wins UMass Amherst Innovation Challenge
Representing Haven at the event, Mehta, a student at MIT Sloan School of Management, delivered a deeply personal pitch, sharing how his family’s experience planning for his sister’s intellectual disability motivated him to build a solution to address the uncertainty families face in managing care, benefits, and financial assets.
“As my family plans for the future, a number of questions are keeping us up at night,” Mehta told the audience. “How much money do we need to save? What public benefits is she eligible for? How do we structure our private assets so she doesn’t lose those public benefits? Finally, how do we manage the funds and compliance over time?”
Haven uses family-specific data and goals to project care needs and associated costs for more than 50 years, delivering personalized guidance around applications, financial structuring, and compliance. “We recommend to families the exact next steps they need to take, what to apply for, and when,” Mehta explained.
The MIT $100K competition is one of the oldest and most prestigious collegiate startup contests in the U.S., with past winners including companies such as Akamai Technologies and HubSpot.
Mehta previously co-founded Main Street Relief, a nonprofit that aided small businesses during the COVID-19 crisis, and was part of the founding U.S. team at Multiverse, where he helped scale professional apprenticeships nationwide. He is currently a Flare Capital Scholar and the founder of a stealth startup.
Mehta is pursuing his masters of business administration at MIT Sloan with a focus on entrepreneurship and innovation. He holds a bachelor’s degree in economics and international studies from Boston College, where he served as president of the South Asian Student Association.
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