MassChallenge is the largest-ever startup accelerator and competition, founded by John Harthorne, an MIT Sloan School graduate. Located in South Boston, it is the first to support high-impact, early-stage entrepreneurs with no strings attached. Benefits offered to startups include:
- 3 month accelerator program. World-class mentorship and training, free office space, access to funding, media and more.
- $1M in Cash Awards. $4M+ in-kind support.
- Open to all. Any startup can enter, from anywhere, in any industry.
- No equity taken. No restrictions applied.
President Obama honored MassChallenge in January of 2011 as one of the nation’s best organizations for supporting high-growth entrepreneurs, and MassChallenge was the youngest inaugural member of the Startup America Partnership. The 111 startups supported in the 2010 accelerator raised over ~$100M in outside funding and created ~500 new jobs in under 12 months.