Martin Trust Center for Entrepreneurship hosts annual Demo Day
Fourteen startup teams pitched their ideas to an audience of over 300 people, including investors, families, and friends, at the annual Demo Day hosted by the Martin Trust Center in 10-250 last Saturday.
Each team had won a prize of $20,000, equity free, based on their progress toward monthly milestones. The focus of this year’s Demo Day was diversity.
MIT Media Lab Director Joi Ito was the guest speaker for the event. He spoke about his experiences as an investor and working at MIT for the past four years. He also talked about the startups in Silicon Valley and some of the common problems they’re currently facing.
Emma, Woobo, Tekuma, Canary, CurrencyDoc, MorphLab, VSPaticle, EveryBiome and Humon were non-MIT incubated startups that were among the 14 teams that participated along with Spyce, Khethworks, Intentiv Genesis DNA, and Sandymount.
The teams represented a broad range of fields.
Spyce, a startup launched by mechanical engineering students, aims to replace “fast food” culture with “fresh food” culture. They have designed a fully automated kiosk that delivers fresh, affordable meals, according to the MIT Sloan’s news page.
Khethworks, another MIT-based startup, creates solar-powered irrigation systems for small-acreage farmers and has two pilot sites in East India. Intentiv is working to design a more intuitive drone controller that allows the drone operator to simultaneously control the drone and the video camera.