MassRobotics, the world’s main international impartial robotics innovation hub, broadcasts the launch of the inaugural MassRobotics Accelerator, powered by the Massachusetts Expertise Collaborative (MassTech). This program is constructed to assist and advance robotics entrepreneurs by offering bespoke programming, particular person mentorship, and immersion within the world-class robotics community that’s the MassRobotics ecosystem.
The MassRobotics Accelerator will reside at MassRobotics headquarters positioned within the vibrant Seaport Innovation District in Boston. The accelerator is a transformative 13-week program that opens doorways to a wealth of sources, together with MassRobotics’ state-of-the-art prototyping labs.
In line with its nonprofit mission, the MassRobotics Accelerator is a zero-equity program. The companies accepted into this system will obtain $100,000 in non-dilutive funding.
“The robotics trade is exclusive and particular, and desires a particular kind of accelerator to assist advance robotics applied sciences. The MassRobotics Accelerator will stimulate an thrilling group of corporations poised for fast development,” mentioned Tom Ryden, govt director of MassRobotics. “Along with the superb sources, introductions and networking alternatives MassRobotics offers to our residents all year long, this devoted 13-week program will assist construct corporations to fulfill the ever-expanding demand for robotics throughout industries.”
Ten robotics startups will likely be accepted into the accelerator, which can start on February 5, 2024. Founders accepted into this system will expertise a curriculum meticulously crafted to deal with the distinctive wants of robotics startups. This curriculum will cowl the breadth of robotics company-building, together with product growth, buyer discovery, pitch supply, crew constructing and fundraising. Specialised content material tailor-made to robotics corporations equivalent to design for manufacturing, producer pitch methods, and invoice of supplies (BOM) growth can even be built-in into this system.
“As we navigate the ever-evolving panorama of know-how and innovation, it’s crucial to acknowledge how essential it’s for founders to be part of an energetic startup neighborhood. The MassRobotics Accelerator presents robotics founders with the enterprise schooling and trade connections they should discover early success,” mentioned Daniel Theobald, founding father of Vecna Robotics. “MassRobotics is the driving power behind the creation of cutting-edge applied sciences that form our future.”
This initiative builds upon MassRobotics’ profitable monitor report of fostering innovation inside the robotics trade and leverages the MassTech Collaborative’s dedication to advancing the robotics sector in Massachusetts.
“As a associate of MassRobotics, we’re enthusiastic about this new enterprise right here in Boston. Town has nice native expertise, assist and entry to capital to make vital advances in robotics. The MassRobotics Accelerator will profit the native financial system, and its member corporations will profit the world,” mentioned Ujjwal Kumar, president of Teradyne Robotics.
Key Program Highlights:
Non-dilutive Funding: Startups accepted into the accelerator will obtain $100,000 in non-dilutive funding to gasoline their development.
Mentorship and Steering: Individuals will achieve entry to a community of skilled mentors and trade consultants who will present invaluable steerage and assist. This mentorship will assist startups refine their enterprise methods, navigate technical challenges, scale operations and put together to fundraise.
World-Class Amenities: The accelerator will likely be housed inside the MassRobotics facility. Right here, startups could have entry to a collaborative workspace and a prototyping lab, which presents gear equivalent to CNC, 3D printers, laser cutter, waterjet cutter and extra. Startups can even have entry to an Industrial Automation lab, Human Robotic Interplay (HRI) lab and a number of other robotics platforms equivalent to collaborative robotic arms, autonomous cellular robots, grippers and different instruments.
Business Connections: This system will facilitate introductions and partnerships with main robotics and AI corporations, educational establishments, and authorities businesses in Massachusetts, connecting startups to potential clients, collaborators and traders.
Demo Day: The MassRobotics Accelerator will culminate in a Demo Day, hosted on the Robotics Summit & Expo on Might 2, 2024. Taking part startups could have the chance to pitch their corporations to traders, trade leaders, and the broader tech neighborhood.
Functions for the MassRobotics Accelerator are actually open, and startups are inspired to apply right here by November 30.
For extra details about this system and software particulars, please go to the MassRobotics Accelerator Web site.
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