FLUIX secures spot in Morgan Stanley’s newest Inclusive Ventures Lab cohort
The selection comes with a $250,000 investment from the global financial services firm.
FLUIX Inc., a participant in the inaugural cohort of the “Techstars Industries of the Future Accelerator” in Knoxville, has been named a member of the 2023 global cohort of the Inclusive Ventures Lab operated by Morgan Stanley.
Chosen from more than 7,900 applicants – more than three times last year’s pool, FLUIX and the other 22 start-ups represent a range of disruptive technologies in industries including healthcare, sustainable solutions, customer service, supply chain, recruiting, and cybersecurity. Each participant receives a $250,000 investment from Morgan Stanley as well as a variety of mentorship opportunities and business growth resources from Morgan Stanley’s ecosystem of internal and external partners.
“We are proud to welcome the Lab’s largest cohort yet, marking our continued efforts to create a more equitable investment landscape for overlooked entrepreneurs worldwide,” said Selma Bueno, Global Head of the Morgan Stanley Inclusive Ventures Group. “We are working to bridge the investment gap for underserved founders and to help correct documented market imbalances.”
The Morgan Stanley Inclusive Ventures Lab (MSIVL) is an intensive five-month in-house accelerator program that runs through February 2024. It is designed to help further develop and scale start-ups, culminating in a showcase presentation and Demo Day to the investor community. Morgan Stanley launched MSIVL, formerly called the Multicultural Innovation Lab, in 2017 in order to address inequities in funding of underrepresented founders.
Co-founded by Abhishek “Abhi” Sastri who serves as Chief Executive Officer, FLUIX is focused on its newest product named the Artificial Intelligence for Managing Infrastructure (AIMI) which is designed to save data centers substantial energy cost, reduce CO2 emissions, and generate freshwater savings.