Morgan Stanley's Inclusive Ventures Lab, an intensive five-month accelerator program, is now open for applications, offering startups an opportunity to refine their business models and scale up. Originally known as the Multicultural Innovation Lab, the initiative was established in 2017 to tackle the funding disparities highlighted by Morgan Stanley's research, amounting to over a trillion dollars in missed opportunities.

This iteration of the Inclusive Ventures Lab is seeking enterprises focused on creating solutions for environmental and social issues, including but not limited to climate change mitigation, conservation of land, freshwater, oceans, pollution reduction, sustainable resource use, biodiversity preservation, and enhancing access to services for underserved populations.

Participants in the program will receive numerous benefits, including:

• A cash infusion of $250,000 for each company selected for the New York program, and £250,000 for those in the London program.
• A comprehensive, customized five-month accelerator program.
• Mentorship opportunities and extensive networking.
• Office space throughout the program's duration.
• Access to select external advisors in return for a 5% equity stake.

The curriculum is designed to cater to the unique needs of each cohort, covering essential topics such as branding, investor pitching, value proposition refinement, and the development of finance and sales strategies. Additionally, the program facilitates one-on-one sessions with industry experts.

Applications for the Morgan Stanley Inclusive Ventures Lab are now open. Interested companies can apply through the provided link by the deadline on Friday, March 15, 2024.