MIT Startup Exchange is pleased to announce the addition of eleven companies to its roster of STEX25 startups. New additions to the program include: PolyJoule, Lumii, Sweetwater Energy, Syzygy Plasmonics, Realtime Robotics, Stable Auto, Kytopen, Vaxess, Everactive, Vecna Robotics, and Akasha Imaging.
MIT Startup Exchange is pleased to announce the addition of eleven companies to its roster of STEX25 startups for its Spring 2020 cohort:
PolyJoule: Building high-power, low-cost, organic batteries for the grid
Lumii: Holographic embellishments for packaging or security from any printing press
Sweetwater Energy: Green no longer comes at a premium (biochemicals & biomaterials)
Syzygy Plasmonics: Illuminating the future of the hydrogen industry
Realtime Robotics: Motion planning for autonomous robots & vehicles
Stable: Writing the blueprint for intelligent EV fleet charging
Kytopen: The future in cell therapy discovery and manufacturing
Vaxess Technologies: Unlocking the power of our immune system with MIMIX™
Everactive: Self-powered insights for the physical world
Vecna Robotics: Autonomous mobile robots for bulk materials handling
Akasha Imaging: We see what others can’t (machine vision)
“Our industry partners tell us that MIT Startup Exchange is one of the most effective channels for connecting them with emerging tech startups,” said Executive Director of MIT Corporate Relations Karl Koster. “STEX25 startups exhibit the high-caliber talent and cutting-edge technology that are hallmarks of MIT. Corporate ILP members continue to engage in advanced discussions and multiple partnerships with these startups.”
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 1,800 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.
“We are excited to announce this new cohort of high level technology startups. We see an amazing breadth in the technologies employed by our new STEX25 startups, cutting across many different use cases in multiple relevant industries. As in the past, these startups exhibit world class tech expertise and are motivated to make a truly meaningful impact,” said MIT Startup Exchange Program Director, Marcus Dahllöf.
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. Jon Garrity, Cofounder & CEO of STEX25 alumni company Tagup, said: “We acquired major new customers and development partners through the many conferences, founder events, and bespoke ILP member presentations Startup Exchange organized for Tagup. ILP and Startup Exchange have provided more high-value introductions than I can count, and we consider ourselves lucky to be part of their ecosystem."
Another STEX25 alumni, Jana Eggers, CEO of Nara Logics, also speaks to her company’s experience: “We’re proud to be affiliated with MIT Startup Exchange and the MIT innovation community in general. Our exposure to Fortune 500 companies through the Startup Exchange has been extremely beneficial. If you’re invited to be one of the companies that gives a presentation to industry members of the MIT Industrial Liaison Program [ILP], it’s always a relevant conversation. ILP programs and events are high quality and productive for us.”
Dahllöf continued: “This cohort’s founders include MIT PhDs, MIT faculty, as well as alums with tremendous industry experience, offering their seasoned and diverse perspectives to the lineup. The Startup Exchange team feels fortunate to work so closely with these types of founders and appreciates playing an important part in the business development of the STEX25 startups.”