DoW STEM Scholarships - SMART Scholarship vs Lemelson-MIT InvenTeams

Comparing two highly competitive STEM opportunities. DoW STEM Scholarships - SMART Scholarship is a scholarship while Lemelson-MIT InvenTeams is a competition.

DoW STEM Scholarships - SMART Scholarship Lemelson-MIT InvenTeams
Prestige Tier Tier 2 — Highly Competitive Tier 2 — Highly Competitive
Type Scholarship Competition
Organization Department of Defense (DoD) Lemelson-MIT Program at MIT
Acceptance Rate Approximately 8-18% depending on year; recent data shows ~600 awards annually from ~4,000-5,000 applicants Approximately 8-10% (based on 8 teams selected annually; suggests 80-100+ applications per year, though exact applicant count not publicly available)
Applicants 2024-2025 cycle: estimated 4,000+ applicants; historically 2,000-2,655 per year Estimated 80-100+ schools apply annually (extrapolated from 8 selections)
Deadline Rolling Rolling
Award $7,000
Cost to Apply Free Free
US Only Yes Yes
Grades Currently enrolled undergraduate, master's, or doctoral students (NOT high school students) High school students (9-12)
College Impact SMART Scholarship is HIGHLY REGARDED in college admissions and professional circles. For undergraduates: Demonstrates exceptional STEM commitment and achievement; counts as major merit-based scholarsh... Lemelson-MIT InvenTeams is viewed very favorably in college admissions, particularly for STEM programs. Selection as an InvenTeam demonstrates: (1) exceptional innovation and problem-solving ability; ...