Turning Ideas into Global Impact
The Business Development Lab (BDL) at Worcester Polytechnic Institute, Worcester, MA acts as a cutting-edge incubator, propelling startups from concept to commercialization. Our mission is centered on advancing STEM innovation, cultivating technical and entrepreneurial expertise, and making significant contributions to scientific and technological communities. We provide an integrated support ecosystem for STEM entrepreneurs to transform their ideas into market-ready solutions. Our customized strategy encompasses interdisciplinary technical skill enhancement, practical learning experiences, and a focus on launching ventures that use emerging technologies to address complex challenges and drive progress that contribute positively to society.
Our Goals
- Accelerate Startup Development: Expedite the journey from innovative idea to operational STEM enterprise, offering strategic insights and essential resources.·
- Enhance Technical and Entrepreneurial Expertise: Deliver specialized training and mentorship to refine both scientific know-how and business acumen for enduring achievement.·
- Foster Groundbreaking STEM Ventures: Motivate the development of enterprises that not only achieve market success but also deliver substantial benefits to the scientific and technological sectors.
The BDL maintains close partnerships with other Entrepreneurship Support Organizations (ESOs) in the greater Worcester area, including MBI, Solvus, WorcLab, Massachusetts Founders Network, MIT I-Corps, Venture Forum, and others. These collaborations enrich our ecosystem, connecting our startups with a broader network of resources, expertise, and opportunities for innovation and growth within the STEM landscape.
BDL Specialized Services
Our Programs
Venture Catalyst Incubator (VCI) offers startups personalized mentorship, a comprehensive curriculum, and essential resources, focusing on ideation, development, pitching, and growth, to nurture successful, scalable businesses.
The BDL "WPI's Startup Expo" is an annual event highlighting WPI's entrepreneurial milestones and community contributions through awards, keynotes, panels, networking, and showcases of student and faculty innovations.
The AMP! Bi-Monthly Pitch Event Series provides startups with opportunities to pitch to industry experts, receive tailored feedback, and build networks for VC and angel funding, enhancing their market readiness and growth potential.
The BDL Startup Fund strategically supports startups with SAFE investments, mentorship, and resources, bridging them to larger financings and fostering a vibrant ecosystem for entrepreneurial growth and regional economic development.
The BDL Goat Innovators Summer Accelerator (GISA) is an 8-week program providing mentorship, practical workshops, and a collaborative environment to early-stage startups, culminating in a Demo Day for growth opportunities.
The Advancing Research Translation (ART) program equips faculty with tools and skills to transform research into practical applications, fostering real-world impact through workshops, mentoring, and strategic market-focused project development.
Ardian Preci Named Director of WPI's Business Development Lab
Ardian Preci joins WPI Business School as the new Director of the Business Development Lab, infusing it with his extensive experience in SaaS, Fintech, and Blockchain.
Startups at BDL
Simplified Housing Solutions for International Students in the USA
Gradhomes.com is an international student housing provider dedicated to assisting international students in finding right accommodations in the USA. Recognizing the challenges faced by students moving abroad for their studies, GradHomes.com offers a seamless and supportive service to secure safe, affordable, and convenient housing options.
Hope|Health|Life
Therapeutic Innovations is dedicated to developing medical interventions for emerging economies without compromising on quality. We hope that someday all children across the global will have access to life saving and affordable medical technology.
College data tools and financial literacy education for high school students
Croi is revolutionizing the college process with its web-based college data platform that not only equips students with personalized college data but also teaches them financial literacy, empowering them to make informed decisions about their future.
Building Accessible Renewables for Sustainable Development
We are dedicated to providing clean electricity to rural areas of Indonesia by deploying low-cost hydroelectric microgrids. A donation will help fund microgrid deployments in communities without electricity throughout West Java, Indonesia.
Your AI Pocket Career Coach
Skilltrak Makes Career Services Personalized, Accessible and Scalable. We unify your learning, help you receive career-specific advice, uncover blind spots in your decision-making, and help you achieve your dream career with Skilltrak.
...freedom with flight efficacy
SAMIS is a collaborative tool that simplifies, and streamlines aviation maintenance and inspection processes. SAMIS leverages artificial intelligence (AI) to empower autonomous aviation maintenance and inspection operations, ensures safety by design, and fosters a collaborative environment between humans and robots using spatial computing, blockchain, and robotics.
Technotonin
Technotonin is a startup focused on rapid product development for innovative products. Currently, they are working on the PAWE (Portable Affordable Wheelchair Enhancer), designed to enhance the mobility and independence of wheelchair users.
AI-driven academic advising for personalized student support
Utilizing advanced AI technology, Advisimo streamlines the advising process, providing personalized guidance and support to students. The platform integrates seamlessly with existing systems, offering a user-friendly interface for both advisors and students. Advisimo’s goal is to improve student outcomes by ensuring timely, relevant, and data-driven academic advice.
Q&A with Rosanna Garcia, Paul R. Beswick Professor of Innovation and Entrepreneurship
Professor Garcia answers questions about the entrepreneurial culture of WPI
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Frequently Asked Questions
What is the Business Development Lab at WPI?
The Business Development Lab (BDL) at WPI is an interdisciplinary learning lab focused on fostering innovation and entrepreneurial growth through various programs and services, including mentorship, educational programs, funding assistance, and more.
What services does BDL offer to startups?
BDL offers a comprehensive suite of services to support startups, including workspaces, technology infrastructure, mentorship, training programs, networking opportunities, funding and financial assistance, legal support, and market access.
Who can benefit from BDL's programs?
BDL's programs are designed for student entrepreneurs, startups, and companies at various stages of their entrepreneurial journey, from ideation to acceleration, looking to make a positive societal impact through innovation.
How can startups access funding through BDL?
Startups can access funding opportunities via BDL through grants, connections with venture capitalists and angel investors, and the BDL Startup Fund, which focuses on strategic equity investments.
What types of mentorships and expert guidance does BDL provide?
BDL connects member companies with a network of mentors and Entrepreneurs in Residence (EIRs) who offer expertise in finance, marketing, legal, technology, and other areas essential for business growth.
Can BDL help in product development and market entry?
Yes, BDL offers specialized incubation and acceleration programs that include structured training, product development support, and resources for market entry and growth.
What networking opportunities are available through BDL?
BDL hosts networking events and pitch events like AMP! (Advisors, Mentors, and Partners), facilitating connections with potential customers, partners, industry experts, and investors.
How does BDL support educational growth in entrepreneurship?
BDL offers workshops, seminars, and courses focusing on entrepreneurship, business skills, and industry-specific knowledge, aimed at empowering entrepreneurs with the necessary skills for success.