From our CEO.
Community > Adversity
It is easy to have a positive outlook when the dominoes fall your way, but how you respond when the game of life seems rigged against you, reveals character. 2020 tested the character in all of us. Turning the calendar will not resolve all the issues we faced personally, as a country and world this year. However, it does give us an opportunity to reflect on what we learned about ourselves and the society we live in.
The rolling thunder of adversity throughout 2020 underscored just how connected we are across racial, ethnic, state, and international lines. “Injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly.” (Dr. Martin Luther King Jr.) Dr. King’s quote from his letter penned in a Birmingham jail cell nearly 60 years ago rings loudly today, whether viewed through the lens of injustice, healthcare, education, or food insecurity.
I hope we all leave 2020 with a renewed appreciation for the importance of community; a more inclusive community where success is not a zero-sum game. Thank you to the Nex Cubed team and our broader network of founders, investors, mentors, advisors, corporate partners, universities, and government agencies for rallying this year to launch new initiatives, fund innovative tech solutions, and drive existing programs that created community in the face of adversity. While we are all more than ready to have 2020 in our rearview mirror, please take a moment to review what your efforts helped us accomplish this year. Because of your resilience and willingness to keep your virtual door open to new ideas, we are poised to grow and strengthen our piece of the fabric in 2021.
Happy New Year!
In 2020, our team grew in remarkable ways. Most notably, we added 4 new team members.
Chief Strategy Officer
HBCU Program Manager
Managing Director of FinTech
We continued to invest.
We continued to invest and accelerate diverse and thriving startups in 2020.
We launched FinTech.
This year, we launched and graduated our Spring 2020 FinTech Cohort of 8 companies with our first 100% digital demo night and largest Showcase ever, garnering over 500 attendees throughout the US. In case you missed it, you can watch the pitches by clicking here.
Start With Empathy: How We Ran a Successful Virtual Bootcamp for Startups.
We ran a Digital Health Cohort.
This year, we selected 5 companies to participate in our 2020 Digital Health Cohort. In total, Nex Cubed has invested over $3.2M across 28 Digital Healthcare companies, making us one of the most active Digital Health investors in the country.
This exceptional cohort has serviced thousands of customers, raised nearly $10M to date, and has a total cumulative enterprise value of roughly $25M. Furthermore, the leaders of these companies are diverse with ALL being led by either a female, minority, or immigrant founders – each bringing a unique and valuable perspective to the cohort.
Nex Cubed’s Nick Phillips and Daniel Haders introduce the diverse and distingued startups from our 2020 Digital Health Accelerator Program.
We doubled down on diversity and inclusion efforts.
In collaboration with our lead corporate supporter, AT&T, we launched our HBCU Founder’s Program to provide all students and recent alumni from Historically Black Colleges and Universities (HBCUs) nationwide with access to the financial and advisory resources necessary to develop technology-enabled businesses.
The aim is to support these students in the areas of Financial Services (FinTech), Education (EdTech), Digital Health, and Real Estate (PropTech) – key social determinants in desperate need of systemic reform that technology can help enable.
Nex Cubed announces HBCU Founder’s Program: First startup accelerator in support of all HBCU students and recent alumni nationwide.
In the program’s first year, approximately 350 HBCU students and recent alumni from 50+ and counting HBCUs were exposed to the innovation landscape across the FinTech, EdTech, Digital Health, and PropTech sectors via industry webinars and virtual ideation sessions led by corporate executives, successful entrepreneurs, and top-tier investors.
The students with the most promising business concepts across all of the ideation sessions will be invited to participate in the two-month HBCU Founder’s Summer Acceleration Program. Each winner will receive $10,000 to cover the cost of participating in the program as well as technical resources to develop an MVP.
We are accepting applications for our HBCU Founder’s 2021 Summer Acceleration Program now through February 1st. To learn more about the program, visit our HBCU webpage here.
We extended our Founder’s Program to all institutions.
In partnership with Clemson University, a leading public research institution located in Upstate South Carolina, through its Arthur M. Spiro Institute for Entrepreneurial Leadership in the Clemson University College of Business, we launched the first-ever Clemson Founder’s Program aimed at providing aspiring underrepresented entrepreneurs with the resources and support they need to build successful companies.
Partnering with Clemson University to inspire students and recent alumni to pursue entrepreneurship.
Venture Studio spotlight.
Our co-founded venture studio company, AuraNexus, successfully completed a pilot with The Marymount School of New York, delivering a unique and innovative virtual office hours experience for high school physics students. Upon completion of the pilot, 100% of the students that used the technology expressed interest in using the platform for other lessons.
Our co-founded venture studio company, Repurpose.AI, partnered with Scripps Research to develop COVID-19 therapeutics, partnered with LEO Pharma to accelerate drug discovery, and secured over $1.75M through our recently launched Special Purpose Vehicle (SPV) Fund, and 8VC, a Tier 1 Venture Capital firm.
We hosted Luxembourg Startups.
In partnership with the Luxembourg Trade and Investment Office, Nex Cubed led a 3-week digital program to introduce the Silicon Valley tech and start-up ecosystem to select Luxembourg startups in order for them to grow their business network in the US and start assessing the potential of their offerings for future expansion in the US market.
We supported startups in Korea.
In partnership with Born2Global (B2G), Nex Cubed hosted a 3-week virtual program supporting Korean-based startups. Through one on one meetings with a dedicated advisor and group lectures, each startup left the program with a customized US market entry strategy and an investor deck.
We partnered with Enterprise Singapore.
In 2020, we partnered with Enterprise Singapore (ESG), the government agency championing enterprise development and startup innovation, to support Singapore Digital Health startups that are interested in expanding their business to the US Market.
As part of the three-week virtual acceleration program, selected startups will undergo a series of workshops to learn how to navigate the highly complex and regulated healthcare industry in the US. They will also have the opportunity to engage key stakeholders including providers, payers, and policymakers.
In addition to group sessions, each startup will be assigned a dedicated advisor who will help them formulate their US Go-to-Market Strategy, which they will have the opportunity to validate via virtual customer and investor meetings.
Nex Cubed Partners with Enterprise Singapore to run its Innovation Launchpad Program, supporting up to 16 Singapore Digital Health Startups.
Our most recent blog posts.
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