Twelve of 23 cohort members are based in U.S.
Twenty-three members of the Morgan Stanley Inclusive Ventures Lab cohort are pitching today to an audience of over 300 investors, potential partners, and customers. The disruptive technology-enabled startups are being showcased at its Demo Day, following their five-month participation in the Labs’ accelerator program.
“At a time when startups are facing a challenging funding environment, it is more critical than ever to provide a platform for founders to attract investment and scale their innovative solutions,” said Selma Bueno, Global Head of the Morgan Stanley Inclusive Ventures Group. “Today’s Demo Day showcases the Inclusive Ventures Lab’s largest and most global cohort to date, underscoring our mission to advance a more equitable investment landscape worldwide.”’
Each cohort member receives a $250,000 investment (£250,000 in Europe, Middle East and Africa aka EMEA) from Morgan Stanley with a variety of mentorship opportunities and business-growth resources. Companies represent a range of industries including healthcare, customer service, supply chain, recruiting, and cybersecurity – with AI and sustainable solutions as cross-cutting themes.
Since its founding in 2017 the Morgan Stanley Inclusive Ventures Labs has established a track record of success. The accelerator has hosted 92 companies, with a combined valuation of $923MM and having raised $217MM in funding following their participation in the Lab.
Of the 23 current cohort members, 12 are U.S. based. They are:
ByFusion: offers a Micro Diversion Platform (MDP) that can consistently convert all types of plastic waste into a high-performing, advanced building material called ByBlock®.
DotLab: is a women’s healthcare technology company bringing to customers DotEndoTM, a breakthrough, non-invasive, blood test that aids in the diagnosis of active endometriosis.
Encounter AI: is an AI solution providing increased staff capacity and productivity.
FLUIX: provides autonomous AI for infrastructure that saves up to 40% in energy costs.
Health in Her HUE: is a digital platform that connects women of color to culturally competent and sensitive healthcare providers who are committed to providing culturally sensitive and empathetic service.
MEDIjobs: is the leading permanent job platform for outpatient healthcare and dental professionals ·
Nopalera: is a bath and body collection powered by Mexico’s Nopal cactus.
Partsimony: helps hardware companies turn designs into products with less time, money, and frustration.
serviceMob: is an AI-powered data ontology and analytics platform designed specifically for Customer Service & Support across every industry.
Stak Mobility: Compact vehicle storage and highly scalable Level II EV charging capabilities offering an optimal experience via secure software for a simple and seamless management
Tall Poppy: has the expertise in inclusion, HR, and security to provide support, with no strain to HR and security teams.
Twipes: is the world’s first flushable wet wipes.
The next cohort of 25 companies for the Inclusive Ventures Lab will begin in September and applications are now being accepted from February 7 – March 15, 2024, with a focus on businesses led by overlooked founders providing sustainability-focused products or services. In addition, Morgan Stanley will hold pitch competitions in various cities in North America and EMEA, seeking out the best candidates for the upcoming cohort.
