Across the fields of engineering design and development, creators of automation technologies face a unique conundrum. On the one hand, innovation is essential for new automation technology development, and new entrants are often Good able to provide it. At the same time, it can be difficult for these small companies to break into an already saturated field like industrial technology. As a result, startup incubators and accelerators play an important role in facilitating their growth. Incubators can provide companies with facilities to work in, resources such as equipment and expertise, and opportunities to acquire funding through a network of potential partner companies.
These organizations take a lean approach and typically house businesses for several years while they engage in their own process of self-sustaining growth. In contrast, accelerators take a more hands-on approach and work with a smaller selection of companies more intensively for a short period of time. If chosen by an accelerator, a startup can expect highly specialized mentorship and training as well as direct investment.
Recently, a Boston-based incubator Mass Robotics announced that in addition to the resident companies it hosts, it will provide a new Amazon Web Services robotic startup accelerator. The objective of this initiative is to address common challenges faced in the development of automation, robotics and Industrial Internet of Things technologies by providing participating companies with the resources they need to prototype, test and commercialize their products. Additionally, businesses will have access to cloud technical resources and the Amazon Web Services partner network.
The accelerator will take place over four weeks and will include technical and business mentorship opportunities. Ideal candidates include robotics hardware and software startups looking to use Amazon Web Services as a key part of their products and offerings. Additionally, companies wishing to be involved must be private startups with less than $10 million in revenue and less than $100 million in funding raised to date. No previous experience with Amazon Web Services or participation in previous accelerators is required.
Companies selected to participate will receive: Specialized training in deploying Amazon Web Services for robotic applications; up to $10,000 in promotional credits for use of Amazon Web Services IoT, robotics, and machine learning services; expert mentorship; co-marketing opportunities with Amazon Web Services through the publication of blogs and case studies as well as proof-of-concept projects; advice relating to the business development and investments of MassRobotics; and networking opportunities through contact with other participating startups and the Amazon Web Services partner network.