MIT Startup Exchange is pleased to announce the addition of nine companies to its roster of STEX25 startups. New additions to the program include: Endor, Hosta Labs, Immunai, Jeeva Wireless, JETCOOL, Meter, OpenSpace, Sourcemap, and Volta Labs.
MIT Startup Exchange is pleased to announce the addition of nine companies to its roster of STEX25 startups for its current cohort:
“STEX25 startups exhibit the high-caliber talent and cutting-edge technology that are hallmarks of MIT, and industry partner feedback is that MIT Startup Exchange is one of the most effective filters for emerging tech startups,” said Executive Director of MIT Corporate Relations Karl Koster. “We continue to see strong interest from our corporate ILP members resulting in advanced discussions and multiple partnerships.”
“The nine startups we are adding this time around come from across all of MIT, including the Media Lab, Sloan, Lincoln Labs, and School of Architecture, just to name a few. This is a result of the great innovative and risk-taking spirit that MIT perpetuates, driven by some excellent entrepreneurial resources MIT offers, such as the Venture Mentoring Services and Sandbox,” said MIT Startup Exchange Program Director, Marcus Dahllöf.
MIT Startup Exchange and STEX25 enable the next step for MIT entrepreneurs to apply their innovation to the real world by offering direct industry insight and connections. As outlined by Anne Kim, Cofounder and CEO of STEX25 alum Secure AI Labs: “STEX25 and Startup Exchange act as a funnel for both startups and corporates. Startups are uncertain about what it means to engage with companies interested in MIT, and companies are also confused about how to engage with startups at MIT. MIT Startup Exchange is a perfect meeting place for both sides to find what they are looking for.”
The demand for working with MIT-connected startups, and in particular with our STEX25 group, has remained very strong during this year, and, again, is evidence of the important role a program such as ours can play for corporate innovation.
These motivated STEX25 companies have previously felt great benefits from the accelerator program, including ongoing successful partnerships with corporate companies from the MIT Industrial Liaison Program. Erik Mirandette, Head of Customer Operations at Tulip, one of the inaugural companies in the STEX25 accelerator, said: “We were fortunate to be picked up in the STEX25 program as a part of the first cohort of five. Many of our early customers came through introductions brokered by the Startup Exchange and ILP."
Startup Exchange Program Director Dahllöf continued: “In addition, what’s compelling about this cohort is that the founding teams have graduate degrees, many PhDs, and exhibit the business discipline and agility necessary to succeed when commercializing hard tech. These are all characteristics that make our STEX25 startups extremely attractive as potential partners for our corporate members. The demand for working with MIT-connected startups, and in particular with our STEX25 group, has remained very strong during this year, and, again, is evidence of the important role a program such as ours can play for corporate innovation.”
STEX25 is a startup accelerator run by MIT Startup Exchange featuring 25 "industry-ready" startups. MIT Startup Exchange adds startups to STEX25 on a roughly quarterly basis, from among more than 1,900 MIT-connected startups. STEX25 startups receive promotion, travel, and advisory support, and are prioritized for meetings by the MIT Industrial Liaison Program’s (ILP) industry liaisons. STEX25 companies collaborate with ILP corporate members through targeted Startup Exchange workshops and showcases, exhibits at ILP conferences, and other events tailored towards industry. Amidst the changes of the pandemic, MIT Startup Exchange is offering extensive programming of highly-interactive virtual workshops and webinars to engage and connect startup and corporate audiences.