MassRobotics, the biggest impartial robotics hub, welcomes the second cohort of the MassRobotics Accelerator, powered by the Massachusetts Know-how Collaborative’s (MassTech) Innovation Institute. Following a profitable inaugural program, MassRobotics welcomes a various and dynamic second cohort that features Haystack Ag, LiftLabs, Mito Robotics, Nexterity, p!ng, Redefine Surgical procedure, ReviMo, Revolute Robotics, Tatum Robotics, and Variable Machines.
Over the course of two years, $2,000,000 has been awarded to twenty promising robotics startups by means of this accelerator program. This program is exclusive in its equity-free strategy. Every startup collaborating in this system will probably be awarded a $100,000 non-dilutive grant from Massachusetts Know-how Collaborative (MassTech).
The three-month accelerator program begins at this time, and the cohort could have the chance to introduce their startups at MassRobotics’ annual sponsor’s celebration this week. Through the course of this system, startups will expertise a strong curriculum of enterprise subjects spanning buyer discovery, worth proposition discovery, manufacturing for excellence, fundraising ways, and group administration.
Since graduating, the ten firms from the primary program deployed a number of buyer activations, with 80% of the businesses having turn into revenue-generating.
“Think about if in a single day your organization grew 10X and is now stuffed with specialists prepared that will help you gracefully navigate any subject or make selections small or giant. Think about if that continued for 13 weeks and your organization obtained paid for it! That’s what the MassRobotics Accelerator is and it’s been a useful asset to our startup,” mentioned Demitri Balabanov, CEO and Co-Founding father of Attire Robotics, a MassRobotics Accelerator portfolio firm.
“The MassRobotics Accelerator offered me with top-tier mentors, introductions to trade collaborators and enterprise capitalists, and methods to assist develop SIMPL. There’s no place just like the Boston robotics neighborhood and supporting ecosystem,” mentioned Ayman Labib, CEO and Co-Founding father of SIMPL Automation, a MassRobotics Accelerator portfolio firm.
Welcoming a Extremely Various Second Cohort
Much like final 12 months, competitors was fierce for the Accelerator, with an 8% acceptance price. Greater than 130 startups utilized to this program, with candidates from greater than 25 nations. The choice course of was sturdy, decided by a range committee composed of notable roboticists, entrepreneurs, and teachers.
Firms on this cohort characterize quite a few industries, together with well being care, manufacturing, client, assistive know-how, and oceantech. Importantly, feminine founders make up 40% of the cohort.
“MassRobotics’ Accelerator demonstrates the power of robotics in Massachusetts,” mentioned Peter Haas, MassTech’s Director of Robotics. “Our state has a wealth of expertise behind the entire modern firms and tutorial establishments within the ecosystem. These awards will proceed to spur competitors, drive future breakthroughs, and develop market alternatives.”
Meet the Accelerator Cohort on the 2025 Robotics Summit & Expo
The MassRobotics Accelerator will culminate in an Accelerator Showcase hosted on the Robotics Summit & Expo on April 30, 2025. To be taught extra in regards to the chosen startups, please go to the MassRobotics Accelerator touchdown web page..
MassRobotics Searching for Companions to Proceed the Successes of the Accelerator
The MassRobotics Accelerator has gained prominence across the globe and acquired important help from companions, sponsors, tutorial establishments, and others, attracting each startups and mentors worldwide to this system.
To fund future MassRobotics Accelerator packages, the nonprofit is looking for modern and forward-thinking firms to help future cohorts. The MassRobotics Accelerator has a observe file of choosing profitable firms, and new company companions will permit them to broaden this programming to bespoke company matchmaking.
“The MassRobotics Accelerator has uncovered us to greater than 250 new startups creating superb robots from throughout the globe. Our chosen cohorts are really best-in-class. We stay up for new companions and sponsors that may be part of us find the subsequent group of robotics startups that may change the world,” mentioned Tom Ryden, Government Director of MassRobotics.”This chance to assist energy and impression our Accelerator is crucial and distinctive.”
To be taught extra about how MassRobotics can accomplice along with your group to establish promising startups and run bespoke accelerator packages, please attain out to Marita McGinn, Director of Accelerators, at marita@massrobotics.org.
