Home Robotics MassRobotics launches equity-free robotics accelerator

MassRobotics launches equity-free robotics accelerator

MassRobotics launches equity-free robotics accelerator


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MassRobotics, the world’s main world impartial robotics innovation hub, launch its inaugural MassRobotics Accelerator. Powered by the Massachusetts Know-how Collaborative (MassTech), this program is constructed to help 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 non-profit 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 sort of accelerator to assist advance robotics applied sciences. The MassRobotics Accelerator will stimulate an thrilling group of corporations poised for speedy development,” stated Tom Ryden, government director of MassRobotics. “Along with the superb sources, introductions and networking alternatives MassRobotics gives 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 akin to design for manufacturing, producer pitch strategies, and invoice of supplies (BOM) growth may also be built-in into this system.

“As we navigate the ever-evolving panorama of expertise and innovation, it’s crucial to acknowledge how necessary it’s for founders to be part of an lively startup neighborhood. The MassRobotics Accelerator provides robotics founders with the enterprise schooling and trade connections they should discover early success,” stated 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 observe report of fostering innovation inside the robotics trade and leverages the MassTech Collaborative’s dedication to advancing the robotics sector in Massachusetts.

“As a accomplice of MassRobotics, we’re enthusiastic about this new enterprise right here in Boston. The town has nice native expertise, help and entry to capital to make important advances in robotics. The MassRobotics Accelerator will profit the native economic system, and its member corporations will profit the world,” stated 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 gas their development.

Mentorship and Steerage: Contributors will acquire entry to a community of skilled mentors and trade specialists who will present invaluable steering and help. This mentorship will assist startups refine their enterprise methods, navigate technical challenges, scale operations and put together to fundraise.

World-Class Services: 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 provides tools akin to CNC, 3D printers, laser cutter, waterjet cutter and extra. Startups may also have entry to an Industrial Automation lab, Human Robotic Interplay (HRI) lab and several other robotics platforms akin to collaborative robotic arms, autonomous cell robots, grippers and different instruments.

Trade Connections: This system will facilitate introductions and partnerships with main robotics and AI corporations, tutorial establishments, and authorities companies in Massachusetts, connecting startups to potential prospects, 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.

Purposes for the MassRobotics Accelerator are actually open, and startups are inspired to apply right here by November 30.

Editor’s Observe: MassRobotics is the strategic accomplice of the Robotics Summit & Expo, the world’s main robotics growth occasion produced by The Robotic Report.



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