Sweetwater Energy has been selected to become part of the Massachusetts Institute of Technology’s STEX25 accelerator program for growth-stage companies.
STEX25 is a business development accelerator within the MIT Startup Exchange, of which Sweetwater is a member, featuring 25 industry-ready ventures that have proven themselves as exceptional companies and are poised for significant growth. STEX25 participants receive promotion and travel and are prioritized for meetings with the MIT Industrial Liaison Program’s (ILP) 260 member companies. Sweetwater is one of a handful of companies named to the 2020-2021 roster, with the tenure running from April 13, 2020, through July 9, 2021.
“Sweetwater’s potential to effect global change by reducing greenhouse gas emissions through their development of low cost fuels, chemicals, plastics and advanced materials that replace petroleum-derived alternatives, fits perfectly with MIT Startup Exchange’ and ILP’s objectives for our STEX25 companies,” says Marcus Dahllof, Program Director of the MIT Startup Exchange. “By pairing transformational early-stage companies such as Sweetwater with proven global leaders, we can accelerate positive impact worldwide.”
“This is an amazing honor and opportunity for Sweetwater,” says Arunas Chesonis, Chairman and CEO of Sweetwater. “It’s a clear signal to the world that Sweetwater is poised to shake up the industry, and MIT wants to help make that happen. This promises to be one of Sweetwater’s most exciting years yet.”
Once inducted, MIT STEX25 members build relationships with MIT ILP directors whose primary role is to match industrial interests with attractive technology companies.
Some of the most important benefits for STEX25 companies are:
- Invitation to exclusive industry networking seminar for STEX25 founders/leadership and ILP company executives
- Custom assessment, outreach and matchmaking with ILP member companies
- Preferred speaker/exhibitor status for off-campus events
- Honored guest at the annual MIT Startup Ecosystem Conference
- Custom-produced video and in-depth innovation profile, promoted through MIT Corporate Relations channels