mit's energy tech startups
TRANSCRIPT
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Connecting Industry to Startups
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Incremental Energy Innovation (3/19):
MIT's Energy Tech StartupsMIT, 19 March 2015
Trond Undheim, PhDLead, MIT Startup [email protected]
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172 MIT Faculty are serial entrepreneurs!
•Prof. Bob Langer, Koch Institute, MIT (26 companies)
•Prof. Alex Pentland, MIT Media Lab (16 companies)
•Noubar Afeyan, MIT Sloan (10 companies)
•Prof. Gregory Stephanopoulos, ChemE (7 companies)
•Prof. Michael Stonebraker, CSAIL (5 companies)
Serial entrepreneurs at MIT
Source: MIT STEX Database (2015).
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MIT Startup Exchange
An innovation community run by MIT Industrial Liaison program, with the aim of connecting industry to startups.
•Cluster workshops & Exhibitions•Startup profiles & database•Opportunity matching (f2f & online)•Newsletter & Analytics
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Seven startup clusters
327
57
81
64
132
27
64
n=844 Source: MIT STEX Database (2015).
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Energy tech cluster82 Startups.
7 founded in 2014.
11 at prototype stage.
12 have a product.
4 have a first customer.
21 are in the growth stage.
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ICT cluster312 Startups.
21 founded in 2014.
6 at prototype stage.
18 at beta/MVP stage.
18 have a product.
23 have a first customer.
54 are in the growth stage.
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Biotech cluster132 Startups.
8 founded in 2014.
49 at prototype stage.
10 at beta/MVP stage.
25 have a product.
6 have a first customer.
20 are in the growth stage.
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How to engage with STEX?
An enhanced service of the ILP – available to members.
1.Browse the database. Find startups. Ask us to connect you.
2.Engage with your Liaison Officer or myself to post opportunities. Startups will ask to connect with you. Their ideas might surprise you.
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[Multinational] seeks MIT startups
• [Multinational] seeks long-term partnerships with MIT-connected startups for mutual benefit.
• We have a particular interest in breakthrough/disruptive tech in X. • We are looking for startups/companies with [these specific
characteristics in terms of stage of development etc.]• Facts, MIT track record, startup track record, and
website.
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• Microfluidic device capable of high throughput, robust intracellular delivery of a range of materials for applications from immunotherapy and drug discovery. Founded 2013.
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• Innovative nanomaterial coatings and vapor-based coating processes to boost efficiencies of a wide range of thermal fluid systems.
• Founded in 2014.
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• Biowatch that measures the impact of stress on brain performance.
• Founded in 2010.
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Starting at $599
• An expressive robot that can interact naturally with humans. Jibo can see, hear, speak, help, and relate (through social and emotive cues).
• Founded in 2012.
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The first designer bracelet that heats and cools you.“Thermal is personal”Founded in 2014.
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WRISTIFY
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High quality, low cost 3D printer that enables designers and engineers to create 3D forms with the touch of a button.Founded in 2011.
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An (almost entirely) 3D printed speaker.
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Gives computers the ability to understand people the way people understand each other.Founded in 2011.
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Big data text analytics dashboard
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• 08:30 AM Breakfast, networking and registration. Get to know a startup founder. Find out how you can help him change the world.
• 08:45 AM Welcome: "MIT's Energy Tech Startups," Trond Undheim, Ph.D., Lead, MIT Startup Exchange, MIT ILP (host).
• 09:00 AM Introductory remarks: "Connecting industry to research, innovation, and startups", Karl Koster, Executive Director, MIT ILP.
• 09:10 AM Keynote: "Corporate venturing perspectives on external innovation", Cory Steffek, PhD, Managing Director, Saudi Aramco Energy Ventures, North America.
• 09:25 AM Keynote: "Research and innovation visions for energy tech", Prof. Sanjay Sarma, Professor of Mechanical Engineering, MIT. Serial co-founder of startups, most recently, a co-founder of energy tech startup Essess.
• Coffee break (10 min).
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• 09:50 AM "Scaling energy innovation, a VC perspective", Dhiraj Malkani, Partner, RockPort Capital Partners.
• 10:00 AM Lightning talks (startups).
• Coffee break (10 min).
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• 10:30 AM: Panel discussion: Incremental Energy Innovation– What are important trends in energy tech startups from MIT (and elsewhere)?– What does the new energy tech innovation ecosystem look like (infrastructure,
interoperability, technology, use cases, stakeholders, success stories)?– What are corporate priorities in energy tech? What is the smart money focused on?
• Panelists– Cory Steffek, PhD, Managing Director, Saudi Aramco Energy Ventures, NA.– Prof. Sanjay Sarma, Professor of Mechanical Engineering, MIT.– MIT connected startup executives (Dan Diehl, CEO, Aircuity, Ben Glass, Co-founder &
CEO of Altaeros Energies, Justine Kmiecik, CEO & cofounder of BaseTrace, Tom Scaramellino, CEO, Essess).
– Dhiraj Malkani, Partner, RockPort Capital Partners.– Robert Stoner, Deputy Director for Science and Technology, MITEI, MIT Energy Initiative.
The panel will be moderated by James Rosenfield, Senior VP, Vice Chairman, CERAWeek, IHS. Rosenfield is an active angel investor with a current portfolio of five companies in the energy space.
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Connecting Industry to Startups