MassChallenge is a non-equity and a not-for-profit accelerator that assists startups across various industries and regions of the world. The accelerator was founded by Akhil Nigam and John Harthorne, in 2010, in Boston, Massachusetts, United States.
The accelerator holds locations in Boston, Israel, Mexico, Switzerland, Texas, and the United Kingdom, and provides programs in Australia, Columbia, France, Korea, Mexico, Morocco, Poland, Russia, and Spain. The inception of MassChallenge was to help launch entrepreneurs and grow new ventures.
The company provides up to USD 3M in cash prizes, mentoring from a pool of 800 industry experts, tailored programming, and works to fund roughly 450 startups per year. The company has made over 1,000 investments in Encora Therapeutics, Limbix, Till Financial, Konnecto, Cloud 9, Securaxis, Cloud Dentistry, Unsize, Foods for Tomorrow, and Takachar.
MassChallenge partners with companies to help meet the needs of the global economy. Partners' benefits, when they partner with MassChallenge, include access to startups across all industries, experiences with industry leaders, brand exposure and visibility opportunities, and interactive employee engagement.
MassChallenge - Funding, Financials, Valuation & Investors
More than just an accelerator
- EntrepreneurshipThe activity of setting up a business or businesses, taking on financial risks in the hope of profit.
- StartupA startup company is an entrepreneurial venture in the initial stage of its operations. Startups are typically young businesses aiming to grow quickly and meet a marketplace need by developing or offering an innovative product, process or service.
- AcceleratorShort-term growth program for founders and their startups.