Morgan Stanley (NYSE:MS) has selected the fourth cohort of the Multicultural Innovation Lab, an accelerator program for technology and technology-enabled startups in the post-seed to Series B funding rounds.
The program, now in its fourth year and with 32 total participating companies, targets startups with a multicultural or woman founder, co-founder, CTO or other C-suite member that is developing innovative solutions across sectors.
The Lab will make investments in these early stage high growth companies and will support the founders’ growth and development through its ecosystem of internal and external partners. The companies participating in the program, selected out of a record of over 450 applications received, began the program in early March and are currently operating in a virtual format, using online video platforms to facilitate the Lab curriculum.
The entrepreneurs receive support from a dedicated Morgan Stanley team delivering tailored experiences to help each company grow.
The program runs through the Fall, culminating in the fourth Multicultural Innovation Lab Showcase and Demo Day that will showcase the companies to potential investors through showcase format presentations. Selected companies include:
- Adapdix, which offers a software-based platform that monitors and detects equipment, component or system degradations to alert equipment engineering managers before a failure.
- BaseCap Analytics, a software company that enables organizations to efficiently improve their data quality.
- Henry Health, a platform that provides culturally sensitive self-care support and teletherapy as an employee benefit for people of color, beginning with black men.
- MedHaul, a web-based marketplace that enables healthcare providers to book personalized Non-Emergency Medical Transportation (NEMT) rides for patients based on their special needs.
- Noodie Foods, which provides healthier, instant, shelf-stable and delicious meals for convenience-seeking consumers.
- Praxis Labs, a SaaS company that develops Virtual Reality (VR) based diversity and inclusion (D&I) training modules for the workplace.
- SoHookd, a wellness rewards platform that allows enterprises to gift and incentivize customers and employees at scale.
- TeleTails, a software platform that connects pet owners with high-quality, trusted veterinary care virtually.
- Windpact, a technology and materials science company focused on the analysis, design and implementation of impact protection solutions.
FinSMEs
13/04/2020