MassRobotics helps startups commercialize innovations in robotics. Its ecosystem includes 350 startups, 40 corporates and over 100 VCs, PEs and LPs they advise. In this episode, Fady Saad talks about trends, acquisitions, failures and what has changed over the past decade in robotics. It is a little crash course on the robotics market.
This podcast is hosted by Benjamin Joffe (@benjaminjoffe), Partner at SOSV, a global early stage fund focused on deep tech. SOSV runs multiple accelerator programs including HAX (intelligent hardware) and IndieBio (life sciences).
Robotics often conjures images of giant factories or sci-fi dystopias. But what is the reality beyond the hype and fear?
Fady Saad is a former engineer who got exposed to cutting edge technologies of DARPA, NASA, the NSF and the AirForce. He grew a passion for robotics and founded MassRobotics in Boston as a robotics ‘escalator’ to help companies commercialize their innovations.
- It is now a cluster of 350 robotics companies, 50 resident startups and 40 strategic partners.
- They advise 150 VC firms, as well as investment banks, PE funds and corporates like GM and Lockheed Martin.
In this conversation, the most important takeaway is that robotics today is vastly different from 10 years ago. We also discuss:
- The nature of robots,
- The power of complex systems and emerging properties,
- The difficulty of finding viable business applications,
- Why we have a Roomba instead of a two-armed Rosey,
- Trends, Acquisitions (over $8 billion in 2019), Failures,
- The legacy of Willow Garage,
- How to apply lean startup to robotics,
- What successful companies do beyond tech skills and raising capital.
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