Morgan Stanley Inclusive Ventures Lab Hosts Demo Day for Largest, Most Global Cohort of Startups
07 Février 2024 - 1:00PM
Business Wire
- Lab’s largest cohort, with 23 disruptive technology-enabled
startups from North America and EMEA, including first companies
from Eastern Europe and Africa
- Lab companies pitching their innovations to over 300 investors,
along with potential business partners and customers
- Startups span a range of industries, with AI and sustainability
as cross-cutting themes
- Applications for next cohort open today, with emphasis on
startups providing sustainability-focused products or services
Morgan Stanley (NYSE: MS) today is hosting its largest global
Demo Day, with 23 participating companies from North America and
Europe, the Middle East and Africa (EMEA). Cohort companies will
pitch over 300 investors, as well as potential business partners
and customers.
Over the past five months, the Morgan Stanley Inclusive Ventures
Lab has supported its ninth cohort of technology-enabled startups
in the seed to Series A funding round stage. The intensive
accelerator program provides each company a $250,000 investment
(£250,000 in EMEA) from Morgan Stanley, as well as a variety of
mentorship opportunities and business-growth resources.
“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.”
Companies presenting at Demo Day represent a range of industries
including healthcare, customer service, supply chain, recruiting
and cybersecurity – with AI and sustainable solutions as
cross-cutting themes. Cohort members include: Adauris (Canada),
Automated Architecture (UK), Bidrento (Estonia), ByFusion (US),
Cult Mia (UK), DotLab (US), eBanqo (Nigeria), Encounter AI (US),
FLUIX (US), GigBridge (UK), Health in Her HUE (US), Inicio AI (UK),
MEDIjobs (US), Nopalera (US), OKO (Israel), Oppos (Canada),
Partsimony (US), Ridelink (Uganda), serviceMob (US), Stak Mobility
(US), Tall Poppy (US), Twipes (US) and Unfabled (UK). Learn more
about the companies here.
Founded in 2017, the Lab has hosted 92 companies, with a
combined valuation of $923MM. Companies have raised $217MM in
funding following their participation in the Lab.
Applications for the next Lab cohort will be open from February
7 - March 15, 2024. The tenth cohort will include up to 25
companies, with emphasis on businesses led by overlooked founders
providing sustainability-focused products or services. Morgan
Stanley will be holding pitch competitions in select cities in
North America and EMEA to identify potential Lab participants over
the coming months. The next Lab cohort is scheduled to launch in
September.
About the Morgan Stanley Inclusive Ventures Lab
The Morgan Stanley Inclusive Ventures Lab (MSIVL) is an
intensive five-month in-house accelerator program designed to help
further develop and scale startups, culminating in a showcase
presentation and Demo Day to the investor community. Morgan Stanley
launched MSIVL, formerly called the Multicultural Innovation Lab,
in 2017 in order to address inequities in funding of startup
founders, which our research shows equals over four trillion
dollars in unrealized returns.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm
providing a wide range of investment banking, securities, wealth
management and investment management services. With offices in 42
countries, the Firm’s employees serve clients worldwide including
corporations, governments, institutions and individuals. For
further information about Morgan Stanley, please visit
www.morganstanley.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240206741043/en/
Media Relations: Carrie Hall, carrie.hall@morganstanley.com
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