25 Disruptive Technology Startups Join Morgan Stanley Inclusive Ventures Lab’s 10th Cohort
16 September 2024 - 2:00PM
Business Wire
- Tenth Lab cohort includes 25 disruptive technology and
technology-enabled startups from the Americas and EMEA
- Five-month accelerator program to provide founders with
$250,000 (£250,000) investment, as well as mentorship and
business-growth resources
- 117 companies have participated in the Lab to date
Morgan Stanley (NYSE: MS) today announced the 2024 global cohort
of the Inclusive Ventures Lab, with 25 companies selected from the
Americas and Europe, the Middle East and Africa (EMEA). Over the
next five months, the companies will participate in an in-house
accelerator program designed to further develop and scale
technology and technology-enabled startups in the seed to Series A
funding round stage.
Chosen from thousands of applications, the 25 startups represent
a range of disruptive technologies across industries such as
Climate Tech, Retail, Healthcare, FinTech, SaaS, Enterprise
Software, Consumer and Travel – with many incorporating AI and
sustainability into their products and services. Cohort companies
will receive a $250,000 investment (£250,000 in EMEA) from Morgan
Stanley, as well as a variety of mentorship opportunities, a
tailored entrepreneurship curriculum and business-growth resources
from the firm’s ecosystem of internal and external partners.
“In today’s challenging venture capital environment, we are
proud to welcome our largest cohort of groundbreaking startups to
the Inclusive Ventures Lab and are eager to support them as they
scale their innovations and work to build a better world,” said
Selma Bueno, Global Head of the Morgan Stanley Inclusive Ventures
Group. “Each year since the Inclusive Ventures Lab’s launch in
2017, we have expanded our efforts to ensure that more
entrepreneurs around the world can succeed – and this year is no
different.”
The companies selected to participate in the 2024 cohort include
the following:
- Agri-Trak digitizes small farm operations with a smart
platform for real-time labor, crop yield and cost tracking to
optimize productivity, sustainability and profitability (US)
- Beta Financial provides a transparent and comprehensive
small business credit scoring solution, fostering financial
inclusion and access to capital through innovative AI-driven
technology (US)
- Blip Energy is building a drop-in distributed energy
resource to mitigate surging peak demand, optimize energy costs for
users and reduce operating costs for utilities (US)
- Compare Ethics is an AI-powered sustainability
compliance platform that reduces costs by helping retail brands
simplify, streamline and scale the way they make accurate green
claims (UK)
- Darent is a vacation rental marketplace platform in
Saudi Arabia for travelers to search for properties with a focus on
local experiences, a secure payment system and property insurance
for hosts (Saudi Arabia)
- For The Creators is an omni-channel circular fashion
marketplace where women can rent and buy high-quality clothing for
each stage of motherhood (UK)
- GroceryList is a marketplace connecting immigrants
worldwide with local merchants across Latin America and the
Caribbean, enabling them to purchase groceries and essentials for
their loved ones back home (US)
- HANX is a consumer platform bringing together medically
designed women’s reproductive health products, prescription
treatments and community-focused content (UK)
- Hire Ground is a B2B software platform that enables
enterprise buyers to source and manage third party vendors while
optimizing their procurement process (US)
- Infinite Giving is a fintech platform that enables
nonprofits to raise money, manage their cash reserves, and
conservatively invest and grow (US)
- Juniver is a health company leveraging AI technology to
provide personalized digital interventions for lasting eating
disorder recovery (UK)
- KSI Vision uses existing AI on store and shopping center
security cameras to generate real-time customer data and increase
sales conversion (Uruguay)
- Mavity is an AI-powered operating system for design and
marketing teams that connects companies with on-demand creatives to
streamline asset creation (US)
- MyARC is a platform that enables fitness content
creators to train their fans at scale (UK)
- NÜWIEL provides electric mobility solutions for the
cities of today and tomorrow (Germany)
- OVUM is a one-stop shop for fertility wellness,
providing educational resources, products and services for
improving fertility outcomes (UK)
- Research Grid is an automation engine for admin-free
clinical trials (UK)
- Revere is reinventing how allocators manage their
alternative asset portfolios through AI, workflow automation tools
and custom reporting (US)
- Route is a platform of business management tools for
commercial cleaning companies to automate sales, streamline
operations, build contractor relationships and connect the entire
cleaning industry (US)
- Sanarai connects the Latino community to mental health
professionals in Latin America and the US to offer culturally
sensitive, Spanish-language emotional support at accessible prices
(US)
- Soralink leverages AI and smart sensors to assist
manufacturers in preventing critical machine failures (Canada)
- Sortile provides the textile industry with a system that
enables the identification, traceability and recycling of textiles
(US)
- SWYE360 Learning is a data analytics company that uses
machine learning and AI in education to measure software efficacy
and detect students at risk of dropping out (US)
- Tendo Technologies addresses the challenges faced by
aspiring online retail entrepreneurs in Africa by connecting
independent resellers to suppliers (Ghana)
- Zest Equity is digitizing private market transactions,
building tools to streamline and ensure greater transparency in how
entrepreneurs, funds and investors transact (UAE)
Programming will culminate in February 2025 with a global Demo
Day, when participating companies will present to potential
investors, business partners and customers. The investment firms in
attendance at the last showcase represented over $40 billion of dry
powder and indicated a high level of interest following the
event.
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 (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 Contact: Carrie Hall
Carrie.Hall@morganstanley.com
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