Connecting Industry to Startups

MIT STEX Cybersecurity Innovation Workshop :

MIT’s automation startups MIT, 17 June 2015

Trond  Undheim,  PhD  Lead,  MIT  Startup  Exchange  (STEX)  undheim@ilp.mit.edu  

@MITSTEX  

Startupexchange.mit.edu  

AutomaBon/IoT  in  manufacturing  

1.  Trends/opportunities/challenges"2.  Leading technologies and startups "3.  The match with corporate interests "

Welcome  to  all  speakers  

•  Speeches:!–  Trends in automation/IoT/IT/tech startups from MIT (and elsewhere). "–  Examples from the automation innovation ecosystem (infrastructure,

interoperability, technology, use cases, stakeholders, success stories). "•  Lightning talks: !

–  A mix of startups and strategics (ILP members)"•  Panel discussion:!

–  Collaboration challenges & opportunities (between strategics/industry, university, government, and startups). "

–  How to overcome the barriers to new technology adoption?"–  Innovation ecosystems in manufacturing."

MIT  automaBon  startups  

•  Startup panel"–  George Arnold, CEO, Tercio Solutions"–  Christophe Mandy, Manufacturing Lead, Formlabs"–  Daniel Theobald, CTO, Vecna Technologies and Board member,

MassRobotics innovation hub"•  Lightning speaker startups"

–  Make in LA"–  Integrated Strategies & Tactics"–  Cognitivity"–  Barret Technology"

•  A host of others across our tech clusters"

6/16/15   6  

•  ~200 days to <2 days lead time on drug production using small-scale process technologies. ""Founded in 2012."

6/16/15   7  

•  “our coatings allow manufacturers to dream up new products and processes”Founded in 2001."

6/16/15   8  

•  “we combine reusable standard biological parts and synthetic metagenomics, discover new molecules in flavors, sweeteners, cosmetic ingredients, crop treatments and pharmaceuticals” "X:  The  world’s  first  designer,  cultured  rose  extract    

               Founded  in  2008.  

172 MIT Faculty are serial entrepreneurs! For example:!

•  Prof. Bob Langer, Koch Institute, MIT (26 companies)"

•  Prof. Alex Pentland, MIT Media Lab (16 companies)"

•  Prof. Gregory Stephanopoulos, ChemE (7 companies)"

•  Prof. Michael Stonebraker, CSAIL (5 companies) "

Serial  entrepreneurs  at  MIT  

Source:  MIT  STEX  Database  (2015).  

MIT  Startup  Exchange  (STEX)  

An innovation community run by MIT Industrial Liaison program, with the aim of connecting industry to startups. At the heart of the initiative: "•  220+ “Global 1000” member companies. "•  172 MIT Faculty who are serial co-founders of startups. "•  1000+ MIT-connected startups (including founded by alums). ""Products/services:!•  Cluster workshops & Conference exhibitions w/lightning talks"•  Startup profiles & database"•  Opportunity matching (f2f & online)"•  Newsletter & Analytics"

Seven  startup  clusters  

"378"""62"""94"

75""150"""29""77""

n=953    Source:  MIT  STEX  Database  (June,  2015).  

How  industry  engages  with  STEX  

ILP Member company!Paid program. The typical member is a $1Bn+ revenue corporation. Exceptions exist. !1.  Browse the database. Find startups. Ask us to connect you. "2.  Post opportunities. Startups will ask to connect with you. "3.  Let us select startups for you to meet. "4.  Keynote at our cluster workshops. Meet startups after your talk. "5.  Attend MIT ILP’s conference startup exhibits (MIT ICT conference,

MIT R&D Conference, regional events in Austria, Brazil, China, France, Germany, etc.). "

Non-member company!•  As a non-member you can attend our open workshops. !

[Mul,na,onal]  seeks  MIT  startups  

•  [Multinational] seeks partnership with MIT-connected startups."•  Particular interest in breakthrough/disruptive tech X. "•  Looking for startups/companies with [these characteristics]!•  Corporate facts, MIT track record, startup track record, URL.!

How  startups  engage  with  STEX  

"MIT-connected startups!Eligibility criteria: MIT Faculty/staff/alumni co-founder !

1.  Maintain a startup profile online (viewable by peers, members, MIT)."2.  Browse the database. Find other startups. Connect on your own. "3.  Respond to opportunities. If chosen by industry, ILP connects you. "4.  Keynote/lightning talk at our workshops. Meet startups, corporates,

investors, policy makers, & MIT serial entrepreneurs. "5.  Apply to bring your poster/demo to MIT ILP’s conference startup

exhibits (MIT ICT conference, MIT R&D Conference, regional events in Austria, Brazil, China). "

Other startups!•  As a non-member you can attend our open workshops. !

Upcoming  events  

•  Digital Healthcare Innovation (9/22/15) "– Startups can apply to speak NOW!

Connecting Industry to Startups