The Morgan Stanley Inclusive Ventures Lab (MSIVL), which helps global technology and tech-enabled startups grow through access to resources, investment and mentorship, welcomed 25 startups from the US, Europe, the Middle East, Africa and Latin America into the 2024 class of its accelerator.
To date, 117 companies have joined in the Lab’s accelerator program. The new class is MSIVL’s 10th cohort since the initiative began in 2017—and the largest yet. The participants this year include companies in sectors that range from the circular economy to clinical trials, among many others.
“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.
MSIVL is a five-month accelerator program that helps develop and scale technology and technology-enabled startups in the seed to Series A funding stages. Each company will receive a $250,000 or £250,000 investment from Morgan Stanley. Founders have access to a tailored entrepreneurship curriculum and growth resources from the firm’s ecosystem of internal and external partners in entrepreneurship and venture capital.
Meet the 2024 Cohort of MSIVL
The 25 startups joining the accelerator this year were selected from among thousands of applicants, and they are developing disruptive innovations in industries including financial technology, retail, enterprise software and travel. Some of the 2024 cohort members participated in MSIVL’s pitch competitions, which aim to help promote entrepreneurial ecosystems for founders and investors worldwide.
The companies’ innovations span artificial intelligence (AI), healthcare and sustainability. The geographic reach of MSIVL continues to expand beyond the U.S. and UK, with startups this year from Canada, Germany, Ghana, Saudi Arabia, UAE, and Uruguay.
Source: morganstanley.com