Activate reposted this
New America Foundation published an article by Activate’s CEO Cyrus Wadia about some of the great things that happen when we invest in science entrepreneurs. Activate Fellows show that investing in hard tech science yields an extraordinary ROI. Since 2015, Activate Fellows have secured $3.6B funding ($2B of that was in 2024 alone!). That’s an incredible 44X return on investment. Activate Fellows have created nearly 200 companies and about 3,000 jobs around the country, and 96% of these companies are still successfully growing (that’s far higher than the 25% success rate that startups usually see). Cyrus highlights how our partnership with National Science Foundation (NSF) enables the Activate Anywhere program to tap into innovation all around the country. This includes ideas from science entrepreneurs like Al-powered dairy management in North Carolina from OsRostrum, Inc., emission-free chemical manufacturing processes in Houston by Solidec, and faster and more efficient photonic chips in upstate New York from Photonect Interconnect Solutions. As Cyrus says in the article, “America has the scientific talent needed to build companies that can help the nation compete globally in key technologies, and we've proven our fellowship model can activate this potential nationwide.” https://lnkd.in/gKKp6UTK