BOSTON, MA / ACCESSWIRE / August 20, 2024 / MassRobotics, the world's leading independent robotics innovation hub, announces the launch of its second MassRobotics Accelerator, in partnership with the Massachusetts Technology Collaborative (MassTech). Following the success of the inaugural program, the upcoming accelerator will continue to support and advance robotics entrepreneurs with bespoke programming, individual mentorship, and immersion in the world-class MassRobotics ecosystem. Applications open on August 20, 2024, and the application deadline is October 25.

Building on Success

The second MassRobotics Accelerator will once again be housed at MassRobotics headquarters in Boston's Seaport Innovation District. This 13-week program offers unparalleled access to resources, including state-of-the-art prototyping labs and expert guidance, built for startups ready to scale.

In line with its nonprofit mission, the MassRobotics Accelerator remains a zero-equity program. Selected companies will receive $100,000 in non-dilutive funding to fuel their progress.

"Our inaugural program saw tremendous success, and this year we are ready to build upon that foundation. With an expanded curriculum and deeper industry connections, the 2025 accelerator will empower another cohort of robotics founders to push themselves and expand their businesses," said Marita McGinn, Director of the MassRobotics Accelerator program.

Ten robotics startups will be selected for the accelerator, which is set to begin on February 3, 2025. These companies will benefit from a curriculum that has been further refined to address the unique challenges faced by robotics startups. This comprehensive program will cover essential areas such as value proposition, customer discovery, pitch delivery, team building, and fundraising.

"Being part of the MassRobotics Startup Accelerator has been crucial for our growth at Robotics 88. We have met an incredible cast of mentors who have become formal advisors in our company. The mentorship, resources, and connections we gained and the supportive network of founders this program created has helped us move forward faster and with more confidence. It was a key step in getting our company where it is today," said Erin Linebarger, CEO, Robotics88

Expanding Opportunities

This initiative continues to build on MassRobotics' legacy of fostering innovation within the robotics sector, leveraging MassTech's ongoing commitment to advancing robotics in Massachusetts.

"The Massachusetts Technology Collaborative is excited to be powering the MassRobotics Accelerator for the second year with $100,000 per company in non-dilutive funding," said Peter Haas, Director, Department of Robotics at the Massachusetts Technology Collaborative (MassTech). "We are happy to see robotics startups setting up roots in Massachusetts to drive the growth of our vibrant robotics ecosystem and advance innovation in this sector."

Key Program Highlights:

• Non-dilutive Funding: Selected startups will receive $100,000 in non-dilutive funding, enabling them to focus on growth without sacrificing equity.

• Mentorship and Guidance: Participants will have access to a network of seasoned mentors and industry experts, offering invaluable insights into refining business strategies, navigating technical challenges, scaling operations, and preparing for fundraising.

• World-Class Facilities: The accelerator will provide access to MassRobotics' collaborative workspace, cutting-edge prototyping labs, and specialized equipment, including CNC machines, 3D printers, laser cutters, waterjet cutters, and more.

• Industry Connections: Startups will gain introductions and opportunities for partnerships with leading robotics and AI companies, academic institutions, and government agencies in Massachusetts, fostering potential collaborations and investor relationships.

• Startup Showcase: The program will culminate in a showcase at the Robotics Summit & Expo on April 30, 2025, where participating startups will pitch to investors, industry leaders, and the tech community.

Applications for the 2025 MassRobotics Accelerator are now open, with startups encouraged to apply by October 25, 2024.

Media Contact:

Sayo Tirrell
Marketing Manager, MassRobotics
info@massrobotics.org

About MassRobotics

MassRobotics is the largest independent robotics hub dedicated to accelerating robotics innovation, commercialization, and adoption. Our mission is to help create and scale the next generation of successful robotics and AI technology companies by providing entrepreneurs and startups with the workspace, resources, programming, and connections they need to develop, prototype, test, and commercialize their products and solutions. While MassRobotics originated and is headquartered in Boston, we reach and support robotics acceleration and adoption globally. We work with startups, academia, industry, and governments both domestically and internationally.

SOURCE: MassRobotics