HomeUSAMorgan Stanley Inclusive Ventures Lab Accepts Applications For Next Cohort of Startups

Morgan Stanley Inclusive Ventures Lab Accepts Applications For Next Cohort of Startups

Morgan Stanley Investment Management

Morgan Stanley (NYSE: MS) is accepting applications for the next Inclusive Ventures Lab cohort which will be open from February 7 – March 15, 2024.

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. The 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.

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 cohort is scheduled to launch in September.

The firm launched MSIVL, formerly called the Multicultural Innovation Lab, in 2017 in order to address inequities in funding of startup founders, which research shows equals over four trillion dollars in unrealized returns. Since then, the Lab has hosted 92 companies, with a combined valuation of $923M. Companies have raised $217M in funding following their participation in the program.

On Feb 7, Morgan Stanley hosted its global Demo Day, with 23 participating companies from North America and Europe, the Middle East and Africa (EMEA). Cohort companies pitched over 300 investors, as well as potential business partners and customers. Over the past five months, the Lab has supported its ninth cohort of technology-enabled startups in the seed to Series A funding round stage.

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).

VCWire

08/02/2024