MISSION: We help early-stage entrepreneurs win.
MassChallenge is a $1M global startup competition and accelerator designed to catalyze the launch and success of high-growth, high-impact new businesses. MassChallenge is a 501(c)(3) (nonprofit) and does not take equity from startups or place any restrictions on winners.
The 111 startups supported in the 2010 MassChallenge accelerator raised over ~$100M in outside funding and created ~500 new jobs in under 12 months.
The competition is open to anyone in the world, with any new startup, in any industry. Every entrant receives training, feedback, PR and networking support via expert volunteers from partner organizations. 125 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 an ideal means for America to harness and showcase the expertise and collaborative strength of our universities, investors, lawyers, entrepreneurs and businesses — after all, we’ve been providing revolutionary ideas since 1776.