MassRobotics Launches Robotics Accelerator ProgramMassRobotics Launches Robotics Accelerator Program
The program is designed to “propel robotics startups to success,” offering $100,000 in non-dilutive funding and access to MassRobotics’ facilities
November 6, 2023
Robotics innovation hub, MassRobotics, has launched what it says is the first equity-free robotics accelerator in the U.S.
The inaugural MassRobotics Accelerator is backed by the Massachusetts Technology Collaborative (MassTech) and is designed to offer mentorship and networking opportunities to “propel robotics startups to success.”
“The robotics industry is unique and special, and needs a special type of accelerator to help advance robotics technologies,” said Tom Ryden, MassRobotics’ executive director. “The MassRobotics Accelerator will stimulate an exciting group of companies poised for rapid growth.”
Businesses accepted into the program will receive $100,000 in non-dilutive funding and, over 13 weeks, will gain access to MassRobotics’ facilities, including its industrial automation and human-robot interaction labs. Startups will also be able to use several MassRobotics’ tools such as collaborative robot arms, autonomous mobile robots, grippers and other devices.
In its first iteration, 10 robotics startups will be accepted into the accelerator, which will begin on Feb. 5, 2024.
The program will be based at MassRobotics’ headquarters in Boston’s Seaport District.
“As we navigate the ever-evolving landscape of technology and innovation, it’s imperative to recognize how important it is for founders to be a part of an active startup community,” said Daniel Theobald, Vecna Robotics’ founder. “The MassRobotics Accelerator offers robotics founders with the business education and industry connections they need to find early success.”
The accelerator will culminate in a demo day, hosted at the Robotics Summit & Expo on May 2, 2024. Participating startups will have the opportunity to pitch their companies to “investors, industry leaders and the broader tech community.”
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