"MIT's Energy Tech Startups," Trond Undheim, Ph.D., Lead, MIT Startup Exchange, MIT ILP (host), MIT STEX cluster workshop series, 3/19/2015.

1. Connecting Industry to Startups

2. Incremental Energy Innovation (3/19):
MIT's Energy Tech Startups
MIT, 19 March 2015
Trond Undheim, PhD
Lead, MIT Startup Exchange
undheim@ilp.mit.edu

3. 172 MIT Faculty are serial entrepreneurs!
•Prof. Bob Langer, Koch Institute, MIT (26 companies)
•Prof. Alex Pentland, MIT Media Lab (16 companies)
•Noubar Afeyan, MIT Sloan (10 companies)
•Prof. Gregory Stephanopoulos, ChemE (7 companies)
•Prof. Michael Stonebraker, CSAIL (5 companies)
Serial entrepreneurs at MIT
Source: MIT STEX Database (2015).

4. MIT Startup Exchange
An innovation community run by MIT Industrial Liaison program, with
the aim of connecting industry to startups.
•Cluster workshops & Exhibitions
•Startup profiles & database
•Opportunity matching (f2f & online)
•Newsletter & Analytics

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

6. Energy tech cluster
82 Startups.
7 founded in 2014.
11 at prototype stage.
12 have a product.
4 have a first customer.
21 are in the growth stage.

7. ICT cluster
312 Startups.
21 founded in 2014.
6 at prototype stage.
18 at beta/MVP stage.
18 have a product.
23 have a first customer.
54 are in the growth stage.

8. Biotech cluster
132 Startups.
8 founded in 2014.
49 at prototype stage.
10 at beta/MVP stage.
25 have a product.
6 have a first customer.
20 are in the growth stage.

9. How to engage with STEX?
An enhanced service of the ILP – available to members.
1.Browse the database. Find startups. Ask us to connect you.
2.Engage with your Liaison Officer or myself to post opportunities.
Startups will ask to connect with you. Their ideas might surprise you.

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. • Microfluidic device capable
of high throughput, robust
intracellular delivery of a
range of materials for
applications from
immunotherapy and drug
discovery. Founded 2013.
03/24/15 11

12. 03/24/15 12
• Innovative nanomaterial
coatings and vapor-based
coating processes to boost
efficiencies of a wide range
of thermal fluid systems.
• Founded in 2014.

13. 03/24/15 13
• Biowatch that measures the
impact of stress on brain
performance.
• Founded in 2010.

14. 03/24/15 14
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.

15. The first designer
bracelet that heats and
cools you.
“Thermal is personal”
Founded in 2014.
03/24/15 15
WRISTIFY

16. High quality, low cost 3D
printer that enables
designers and engineers
to create 3D forms with
the touch of a button.
Founded in 2011.
03/24/15 16
An (almost entirely) 3D printed speaker.

17. Gives computers the ability to
understand people the way
people understand each other.
Founded in 2011.
03/24/15 17
Big data text analytics dashboard

18. • 08:30 AM Breakfast, networking and registration. Get to know a
startup founder. Find out how you can help him change the world.
• 08:45 AM Welcome: "MIT's Energy Tech Startups,"
Trond Undheim, Ph.D., Lead, MIT Startup Exchange, MIT ILP
(host).
• 09:00 AM Introductory remarks: "Connecting industry to
research, innovation, and startups", Karl Koster, Executive
Director, MIT ILP.
• 09:10 AM Keynote: "Corporate venturing perspectives on
external innovation", Cory Steffek, PhD, Managing Director,
Saudi Aramco Energy Ventures, North America.
• 09:25 AM Keynote: "Research and innovation visions for energy
tech", Prof. Sanjay Sarma, Professor of Mechanical Engineering,
MIT. Serial co-founder of startups, most recently, a co-founder of
energy tech startup Essess.
• Coffee break (10 min).

19. • 09:50 AM "Scaling energy innovation, a VC perspective",
Dhiraj Malkani, Partner, RockPort Capital Partners.
• 10:00 AM Lightning talks (startups).
• Coffee break (10 min).

20. • 10:30 AM: Panel discussion: Incremental Energy
Innovation
– What are important trends in energy tech startups from MIT (and elsewhere)?
– What does the new energy tech innovation ecosystem look like (infrastructure,
interoperability, technology, use cases, stakeholders, success stories)?
– What are corporate priorities in energy tech? What is the smart money focused on?
• Panelists
– Cory Steffek, PhD, Managing Director, Saudi Aramco Energy Ventures, NA.
– Prof. Sanjay Sarma, Professor of Mechanical Engineering, MIT.
– MIT connected startup executives (Dan Diehl, CEO, Aircuity, Ben Glass, Co-founder &
CEO of Altaeros Energies, Justine Kmiecik, CEO & cofounder of BaseTrace, Tom
Scaramellino, CEO, Essess).
– Dhiraj Malkani, Partner, RockPort Capital Partners.
– Robert Stoner, Deputy Director for Science and Technology, MITEI, MIT Energy Initiative.
The panel will be moderated by James Rosenfield, Senior VP, Vice Chairman,
CERAWeek, IHS. Rosenfield is an active angel investor with a current portfolio of five
companies in the energy space.

21. Connecting Industry to Startups