The MIT Industrial Liaison Program (ILP) and MIT Startup Exchange (STEX) have announced the launch of STEX25, a startup accelerator focused on fostering collaboration between MIT-connected startups and member companies of the ILP.
STEX25 establishes an elite cohort of startup companies — 25 from the 1,000-plus in the STEX database — that have proved themselves with early use cases, clients, demos, and partnerships, and which may be on the cusp of significant growth. These young companies are particularly well-suited for industry collaboration, and therefore will be prioritized by the ILP when advising its members on startup engagement.
The first five startups to be inducted into STEX25 are Akselos, BioBright, Lexumo Inc., Poly6, and Tagup. Each quarter, six to seven additional startups will be inducted into the program until a cohort of 25 is established.
“STEX25 companies have a strong science and technology foundation in important fields such as artificial intelligence, automation, energy, health care, [informtion and communications technology], internet of things (IoT), life science, manufacturing, materials, nanotech, sensors, and more,” said Trond Undheim, director of the Startup Exchange.
Infused with the high-caliber talent and cutting-edge technology that are the hallmarks of MIT-connected spinoffs, these startups are poised to offer industry partners an injection of innovation and entrepreneurial spirit.
“Helping MIT-connected startups get traction with large corporate players is a crucial step in technology commercialization,” said Karl Koster, executive director of the ILP. “Our members are very interested in meeting with the STEX company founders, and these kinds of connections are vital to growing MIT’s innovation ecosystem.”