Connecting Industry to Startups

MIT STEX Cybersecurity Innovation Workshop :

MIT’s cybersecurity startupsMIT, 28 May 2015

Trond Undheim, PhDLead, MIT Startup Exchange (STEX)undheim@ilp.mit.edu

@MITSTEX

Startupexchange.mit.edu

MIT Startup Exchange (STEX)

An innovation community run by MIT Industrial Liaison program, with the aim of connecting industry to startups. At the heart of the initiative: •220+ “Global 1000” member companies. •172 MIT Faculty who are serial co-founders of startups. •1000+ MIT-connected startups (including founded by alums). •MIT innovation players (Deshpande, Innovation initiative, VMS, etc.)

Products/services:•Cluster workshops & Conference exhibitions w/lightning talks•Startup profiles & database•Opportunity matching (f2f & online)•Newsletter & Analytics

172 MIT Faculty are serial entrepreneurs! For example:

•Prof. Bob Langer, Koch Institute, MIT (26 companies)

•Prof. Alex Pentland, MIT Media Lab (16 companies)

•Prof. Gregory Stephanopoulos, ChemE (7 companies)

•Prof. Michael Stonebraker, CSAIL (5 companies)

172 MIT Faculty are serial entrepreneurs! For example:

•Prof. Bob Langer, Koch Institute, MIT (26 companies)

•Prof. Alex Pentland, MIT Media Lab (16 companies)

•Prof. Gregory Stephanopoulos, ChemE (7 companies)

•Prof. Michael Stonebraker, CSAIL (5 companies)

Serial entrepreneurs at MIT

Source: MIT STEX Database (2015).

Seven startup clusters

327

57

81

64

132

27

64

n=844 Source: MIT STEX Database (2015).

How industry engages with STEX

An enhanced service of the ILP – available to members The typical member is a $1Bn+ revenue corporation.

1.Browse the database. Find startups. Ask us to connect you.

2.Post opportunities. Startups will ask to connect with you.

3.Let us select startups for you to meet.

4.Keynote at our cluster workshops. Meet startups after your talk.

5.Attend MIT ILP’s conference startup exhibits (MIT ICT conference, MIT R&D Conference, regional events in Austria, Brazil, China).

•As a non-member you can attend our open workshops.

How startups engage with STEX

A free service of the ILP – available to MIT-connected startupsCheck the website to see if you fit our eligibility criteria.

1.Maintain a startup profile online (viewable by peers, members, MIT).

2.Browse the database. Find startups. Connect on your own.

3.Respond to opportunities. If chosen by industry, ILP connects you.

4.Keynote/lightning talk at our cluster workshops. Meet startups, corporates, investors, policy makers, & MIT serial entrepreneurs.

5.Apply to bring your poster/demo to MIT ILP’s conference startup exhibits (MIT ICT conference, MIT R&D Conference, regional events in Austria, Brazil, China).

•As a non-member you can attend our open workshops.

[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.

Empowers you with the knowledge to discover and enjoy over 200 varieties of fresh fruits and vegetables.

04/15/23 11

Founded in 2013.

• Microfluidic device capable of high throughput, robust intracellular delivery of a range of materials for applications from immunotherapy and drug discovery. Founded 2013.

04/15/23 12

04/15/23 13

• Innovative nanomaterial coatings and vapor-based coating processes to boost efficiencies of a wide range of thermal fluid systems.

• Founded in 2014.

04/15/23 14

• Biowatch that measures the impact of stress on brain performance.

• Founded in 2010.

04/15/23 15

• Engineers new organisms to solve challenges across a range of industries from fuels to pharmaceutical production.

• Founded in 2008.

04/15/23 16

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.

The first designer bracelet that heats and cools you.“Thermal is personal”Founded in 2014.

04/15/23 17

WRISTIFY

High quality, low cost 3D printer that enables designers and engineers to create 3D forms with the touch of a button.Founded in 2011.

04/15/23 18

An (almost entirely) 3D printed speaker.

Gives computers the ability to understand people the way people understand each other.Founded in 2011.

04/15/23 19

Big data text analytics dashboard

Upcoming events

• Automation and the Internet of Things (6/17)• Digital Healthcare Innovation (9/22/15)

MIT cyber startups

• Abine, Gigavation, TrustLayers are on today’s agenda. • There are many more.

Today’s agenda: cybersecurity

• Cybersecurity innovation is a recognized goal across industry, and in society, due to the increasing threat of cyber espionage and crime as well as the importance of maintaining simple user interfaces.

• Challenges include: access to testbeds or large scale, real systems, evolving nature of threat, growing infrastructure/dependency, etc.

• MIT Startup Exchange (STEX) is convening a workshop to discuss the latest advances in cybersecurity from the perspective of corporates, academics, VCs, and startups in the MIT ecosystem redefining the field today.

• We aim to cover innovation models, technologies, collaboration patterns, and partnerships.

Connecting Industry to Startups