The document summarizes MIT's Startup Exchange (STEX) program, which connects startups to large companies. STEX engages over 220 large companies and 172 MIT faculty entrepreneurs. It provides opportunities for companies to meet over 1,000 MIT-connected startups through workshops and conferences. STEX maintains a database of startup profiles to facilitate connections between industries seeking innovations and startups working in specific technology areas.

1. Connecting Industry to Startups

2. MIT STEX Cybersecurity Innovation Workshop :
MIT’s cybersecurity startups
MIT, 28 May 2015
Trond Undheim, PhD
Lead, MIT Startup Exchange (STEX)
undheim@ilp.mit.edu
@MITSTEX
Startupexchange.mit.edu

3. 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

5. 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).

6. Seven startup clusters
327
57
81
64
132
27
64
n=844
Source: MIT STEX Database (2015).

7. 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.

9. How startups engage with STEX
A free service of the ILP – available to MIT-connected startups
Check 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.

10. [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.

11. Empowers you with the
knowledge to discover and
enjoy over 200 varieties of
fresh fruits and vegetables.
06/10/15 11
Founded in 2013.

12. • Microfluidic device capable
of high throughput, robust
intracellular delivery of a
range of materials for
applications from
immunotherapy and drug
discovery. Founded 2013.
06/10/15 12

13. 06/10/15 13
• Innovative nanomaterial
coatings and vapor-based
coating processes to boost
efficiencies of a wide range
of thermal fluid systems.
• Founded in 2014.

14. 06/10/15 14
• Biowatch that measures the
impact of stress on brain
performance.
• Founded in 2010.

15. 06/10/15 15
• Engineers new organisms to
solve challenges across a
range of industries from
fuels to pharmaceutical
production.
• Founded in 2008.

16. 06/10/15 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.

17. The first designer
bracelet that heats and
cools you.
“Thermal is personal”
Founded in 2014.
06/10/15 17
WRISTIFY

18. High quality, low cost 3D
printer that enables
designers and engineers
to create 3D forms with
the touch of a button.
Founded in 2011.
06/10/15 18
An (almost entirely) 3D printed speaker.

19. Gives computers the ability to
understand people the way
people understand each other.
Founded in 2011.
06/10/15 19
Big data text analytics dashboard

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

21. MIT cyber startups
• Abine, Gigavation, TrustLayers are on today’s agenda.
• There are many more.

22. 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.

23. Connecting Industry to Startups