Boston, MA – August 20, 2024 – MassRobotics, the world’s main unbiased robotics innovation hub, publicizes the launch of its second MassRobotics Accelerator, in partnership with the Massachusetts Know-how Collaborative (MassTech). Following the success of the inaugural program, the upcoming accelerator will proceed to assist and advance robotics entrepreneurs with bespoke programming, particular person mentorship, and immersion within the world-class MassRobotics ecosystem. Functions open on August 20, 2024, and the applying deadline is October 25.
Constructing on Success
The second MassRobotics Accelerator will as soon as once more be housed at MassRobotics headquarters in Boston’s Seaport Innovation District. This 13-week program affords unparalleled entry to assets, together with state-of-the-art prototyping labs and professional steerage, constructed for startups able to scale.
According to its nonprofit mission, the MassRobotics Accelerator stays a zero-equity program. Chosen corporations will obtain $100,000 in non-dilutive funding to gas their progress.
“Our inaugural program noticed large success, and this yr we’re able to construct upon that basis. With an expanded curriculum and deeper business connections, the 2025 accelerator will empower one other cohort of robotics founders to push themselves and increase their companies,” stated Marita McGinn, Director of the MassRobotics Accelerator program.
Ten robotics startups will probably be chosen for the accelerator, which is about to start on February 3, 2025. These corporations will profit from a curriculum that has been additional refined to deal with the distinctive challenges confronted by robotics startups. This complete program will cowl important areas akin to worth proposition, buyer discovery, pitch supply, workforce constructing, and fundraising.
“Being a part of the MassRobotics Startup Accelerator has been essential for our progress at Robotics 88. We have now met an unbelievable forged of mentors who’ve grow to be formal advisors in our firm. The mentorship, assets, and connections we gained and the supportive community of founders this program created has helped us transfer ahead quicker and with extra confidence. It was a key step in getting our firm the place it’s right now,” stated Erin Linebarger, CEO, Robotics88
Increasing Alternatives
This initiative continues to construct on MassRobotics’ legacy of fostering innovation throughout the robotics sector, leveraging MassTech’s ongoing dedication to advancing robotics in Massachusetts.
“The Massachusetts Know-how Collaborative is worked up to be powering the MassRobotics Accelerator for the second yr with $100,000 per firm in non-dilutive funding,” stated Peter Haas, Director, Division of Robotics on the Massachusetts Know-how Collaborative (MassTech). “We’re completely satisfied to see robotics startups organising roots in Massachusetts to drive the expansion of our vibrant robotics ecosystem and advance innovation on this sector.”
Key Program Highlights:
- Non-dilutive Funding: Chosen startups will obtain $100,000 in non-dilutive funding, enabling them to give attention to progress with out sacrificing fairness.
- Mentorship and Steerage: Contributors may have entry to a community of seasoned mentors and business consultants, providing invaluable insights into refining enterprise methods, navigating technical challenges, scaling operations, and getting ready for fundraising.
- World-Class Amenities: The accelerator will present entry to MassRobotics’ collaborative workspace, cutting-edge prototyping labs, and specialised tools, together with CNC machines, 3D printers, laser cutters, waterjet cutters, and extra.
- Business Connections: Startups will acquire introductions and alternatives for partnerships with main robotics and AI corporations, educational establishments, and authorities businesses in Massachusetts, fostering potential collaborations and investor relationships.
- Startup Showcase: This system will culminate in a showcase on the Robotics Summit & Expo on Might 1, 2025, the place taking part startups will pitch to traders, business leaders, and the tech neighborhood.
Functions for the 2025 MassRobotics Accelerator are actually open, with startups inspired to use by October 25, 2024.
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