Morgan Stanley Expands Global Inclusive Ventures Lab with Largest Single Cohort of 23 Companies
12 September 2023 - 2:00PM
Business Wire
- Global cohort includes 23 disruptive tech startups from North
America and EMEA, takes total companies in Lab to 92
- 69 companies from previous cohorts have raised more than $207M
in additional funding following participation in accelerator
program
Morgan Stanley (NYSE: MS) today announced the 2023 global cohort
of the Inclusive Ventures Lab, with 23 companies selected across
North America and Europe, the Middle East and Africa (EMEA), double
the size of previous cohorts. The Lab offers a five-month in-house
accelerator program for underrepresented founders of technology and
technology-enabled startups in the post-seed to Series A funding
round stage.
Chosen from over 7,900 applicants – more than three times last
year’s pool – the selected startups represent a range of disruptive
technologies in industries including healthcare, sustainable
solutions, customer service, supply chain, recruiting and
cybersecurity. Companies in the cohort receive a $250,000
investment (£250,000 in EMEA) from Morgan Stanley, as well as a
variety of mentorship opportunities and business-growth resources
from Morgan Stanley’s ecosystem of internal and external
partners.
“We are proud to welcome the Lab’s largest cohort yet, marking
our continued efforts to create a more equitable investment
landscape for overlooked entrepreneurs worldwide,” said Selma
Bueno, Global Head of the Morgan Stanley Inclusive Ventures Group.
“We are working to bridge the investment gap for underserved
founders and to help correct documented market imbalances.”
The selected companies in the 2023 global cohort include the
following:
- Ad Auris empowers marketing teams, publishers and
content creators to repurpose written content into high-quality
audio to reach an audience of listeners (Canada)
- Automated Architecture provides the technological
infrastructure for a distributed robotic micro-factory network
producing sustainable timber housing (UK)
- Bidrento offers an all-in-one solution for tenant
experience and rental property management, helping to save time and
money while also reducing CO2 emissions in real estate
(Estonia)
- ByFusion provides a zero waste landfill diversion
platform to transform non-recyclable plastic waste into reusable
building materials (US)
- Cult Mia is an online fashion marketplace for
sustainable and ethical brands from around the world (UK)
- DotLab develops breakthrough, actionable AI and ML
technologies that lead to better health outcomes for women,
starting with the diagnosis of endometriosis (US)
- eBanqo offers businesses an omnichannel platform to
drive customer engagement and support (Nigeria)
- Encounter AI uses digital conversational ordering
solutions to provide faster, friendlier and more efficient service
to customers, restaurants and retailers (US)
- FLUIX Inc. enterprise AI software saves critical
infrastructure on energy costs by integrating and optimizing
facility systems (US)
- GigBridge is an online platform for construction
companies to hire, onboard and pay their workforce all in one place
(UK)
- Health in Her HUE connects Black women and women of
color to culturally sensitive healthcare providers, health content
and community support through a digital platform (US)
- Inicio AI delivers a virtually guided affordability
assessment to help organizations save contact center costs while
improving their end customer experience (UK)
- MEDIjobs is the first virtual recruiter for the
healthcare industry, filling more than 55 types of positions at a
rate five times faster than a human would (US)
- Nopalera is a collection of bath and body products
powered by Mexico’s nopal cactus – an ancient symbol of Mexican
culture (US)
- OKO offers affordable and inclusive crop insurance to
farmers in emerging countries using satellite weather data and
mobile payment technologies (Israel)
- Oppos provides robust cybersecurity and compliance
security solutions for businesses, safeguarding data
confidentiality, integrity, and availability (Canada)
- Partsimony enables organizations to build intelligent
manufacturing supply chains that are more resilient and sustainable
by unifying engineering and supply chain data (US)
- Ridelink leverages technology to enable small and
medium-sized businesses to move cargo in Uganda and cross-border in
six neighboring countries (Uganda)
- serviceMob is an AI & ML-powered customer service
analytics platform that helps businesses optimize operations and
improve the customer experience (US)
- Stak Mobility facilitates widespread urban electric
vehicle adoption by merging space-saving vertical parking
automation with fully integrated EV charging and a seamless mobile
self-service experience (US)
- Tall Poppy is a digital security company protecting
employees and public facing teams from online threats (US)
- Twipes uses bio-tech to produce flushable, biodegradable
wet wipes that break down in water in three hours and biodegrade in
landfills in seven days (US)
- Unfabled is a consumer health platform that delivers
personalized solutions for women by matching them with health and
wellness products (UK)
“We are thrilled to bring our unique accelerator program to more
entrepreneurs globally, including our first participants from
Africa and the Middle East,” said Sanghamitra Karra, EMEA Head of
the Inclusive Ventures Group. “It is highly rewarding to work
closely with founders to take their game-changing technologies to
scale and help set them up for continued success.”
“By providing these promising startups with much-needed capital,
a tailored curriculum and access to investors within and beyond the
Firm’s far-reaching network, we aim to ensure that more
underrepresented founders can succeed,” said LaToya Wilson,
Americas Head of the Inclusive Ventures Group.
Programming will run through February 2024 and culminate in a
global Demo Day, when participating companies will present to
potential investors, business partners and customers.
The Inclusive Ventures Lab has won multiple Gold Anthem Awards,
including Most Impactful Corporate Initiative in 2022 and Corporate
Social Responsibility in 2023. The program was also listed as one
of Global Finance’s Best Innovation Labs of 2023.
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
underrepresented founders, which our research shows equals over
four trillion dollars in unrealized returns.
About Morgan Stanley
Morgan Stanley (NYSE: MS) 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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Media Relations: Carrie Hall, carrie.hall@morganstanley.com
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