Activate is not a traditional VC but rather one of the most important institutions in the American deep tech ecosystem — a two-year fellowship program that transforms scientists into entrepreneurs. Founded in 2015, it accepted a record 62 fellows (50 companies) in its 2024 cohort from 1,040 applicants. The cumulative numbers tell the story: 106 companies created, $3.5B raised by alumni (over $2B i...
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