The Roux Institute at Northeastern University thinks so.
Last Friday, the institute announced the first cohort of the Roux Institute Startup Residency. Six resident companies have joined this immersive program, which grants them access to all the resources and expertise afforded by a global research university. The goal is to grow their businesses exponentially while adding vibrancy to Maine’s startup ecosystem.
Susanna Pho of resident company Forerunner says, “As a climate adaptation startup working with governments, we’re looking forward to building our presence in Portland, where so much govtech talent is based. The residency offers us a chance to do so while also accessing the Roux Institute’s extensive network of corporate partners and researchers.”
“We had over forty applicants for this first cohort,” says the Roux’s director of Entrepreneurship, Chris Wolfel, a veteran industry insider who’s started and run a handful of tech companies. “Our goal was to accept three resident companies, but the caliber was so strong that we ultimately selected six. When reviewing these applicants, we consider the team first. You can have the market and problem nailed down, and be in a really strong position, but a company with the wrong team will ultimately fail.”