The lab, launched this month to help women-led and diverse startups gain access to early-stage capital, is the latest Morgan Stanley initiative to spur early-stage social investing. (The bank also runs its Sustainable Investing Challenge for MBA students with new impact investing ideas.)
The five companies selected for the fall 2017 cohort include Landit, a career-advice service for working women and Trigger Finance, which enables investors to set investment conditions for their portfolios.
Other startups setting up in the accelerator are online furniture marketplace AptDeco, open-source risk manager GitLinks, and Kairos, a facial-recognition company.
The Lab’s four-month program will be based in Morgan Stanley’s New York office.