Most startup accelerators focus on early growth opportunities, providing startups with seed funding and mentorship, encouraging team building, and advancing product development. Then there's STEX25, an accelerator launched last year by MIT Startup Exchange that prioritizes connecting industry partners of the MIT Industrial Liaison Program (ILP) with top growth-stage MIT-connected startups. The ILP and MIT Startup Exchange are integrated programs of MIT Corporate Relations. "Fostering corporate partnerships is our mandate," says Trond Undheim, program director of STEX25. "We believe such partnerships are key to enhancing a fast-growing startup's validation and value, and startups are highly effective vehicles for testing the commercial viability of products."
Nov-14-2017, 17:34:36 GMT