As a service to our Solvers, we occasionally like to provide information about contests and competitions that might be of interest. Today's post is about one such worthy competition, sponsored by MassChallenge.
MassChallenge is running a global startup competition and accelerator to catalyze the launch and success of high-growth, high-impact new businesses. 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. Active focus areas, a curriculum and bootcamp, investor in residence program, alumni in residence program, and expert mentorship make up the accelerator. 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 email@example.com or apply online at www.masschallenge.org/enter.