Friday, March 1, 2024

MassRobotics launches equity-free robotics accelerator


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MassRobotics, the world’s main world unbiased robotics innovation hub, launch its inaugural MassRobotics Accelerator. Powered by the Massachusetts Expertise 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 situated 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 business 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,” stated Tom Ryden, govt director of MassRobotics. “Along with the wonderful sources, introductions and networking alternatives MassRobotics supplies 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 is able to 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 improvement, buyer discovery, pitch supply, group constructing and fundraising. Specialised content material tailor-made to robotics corporations corresponding to design for manufacturing, producer pitch methods, and invoice of supplies (BOM) improvement can even be built-in into this system.

“As we navigate the ever-evolving panorama of expertise and innovation, it’s crucial to acknowledge how essential it’s for founders to be part of an lively startup neighborhood. The MassRobotics Accelerator presents robotics founders with the enterprise training and business 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 monitor file of fostering innovation throughout the robotics business 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. 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 gasoline their development.

Mentorship and Steering: Members will achieve entry to a community of skilled mentors and business 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 throughout the MassRobotics facility. Right here, startups can have entry to a collaborative workspace and a prototyping lab, which presents gear corresponding 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 several other robotics platforms corresponding to collaborative robotic arms, autonomous cellular robots, grippers and different instruments.

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

Demo Day: The MassRobotics Accelerator will culminate in a Demo Day, hosted on the Robotics Summit & Expo on Might 2, 2024. Collaborating startups can have the chance to pitch their corporations to buyers, business 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.

Editor’s Be aware: MassRobotics is the strategic associate of the Robotics Summit & Expo, the world’s main robotics improvement occasion produced by The Robotic Report.

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