Mass Challenge Gets Underway
by Holland-Mark | March 16, 2011
The folks at MassChallenge are running a global startup competition and accelerator to catalyze the launch and success of high-growth, high-impact new businesses. I’ve signed on as a judge again this year, and have to say I’m looking forward to it.
Last year, MassChallenge launched on April 14, 2010 and received ~450 entries. Sixteen winners were announced on October 21, 2010 and split $1M in cash awards. Following the 2010 final ceremony, President Obama announced MassChallenge as an initiative of Startup America. Since then, MassChallenge finalists have raised $30M in follow-on financing and created 300 jobs.
The competition is open to anyone in the world, with any new startup, in any industry. Physical activities are based in Massachusetts where innovation resources are highly concentrated. Every entrant receives training, feedback, PR and networking support via expert volunteers from partner organizations. 110 of the highest-potential startups receive 3 months of intensive mentorship and other free resources, including office space and targeted introductions to customers and funding sources. The very best startups are identified by expert judges to receive cash awards toward launching their businesses along with enhanced PR and privileged access to top investors seeking to place seed capital to work in high-growth firms. MassChallenge is a 501(c)(3) (non-profit) leveraging both public and private funding. Key dates for this year are March 7th (online application goes live) and April 11th (deadline for final submission).
If you have a venture and are looking to make it to the next level I strongly encourage you to apply to the 2011 accelerator. If you have any questions please reach out to the organizers at firstname.lastname@example.org or apply online at www.masschallenge.org/enter.