128 high-impact companies to access global network of support and resources in Boston
BOSTON, MAY 23, 2017 – MassChallenge, the most startup-friendly accelerator on the planet, today announced the 128 early-stage startups that have been accepted into the 2017 MassChallenge Boston accelerator program. Selected by a community of more than 850 expert judges, this year’s competitive cohort represents the top 8% of applications from around the world, including 12 countries and 16 U.S. states.
Through a global network of zero-equity accelerators, MassChallenge helps the world’s highest-impact, highest-potential startups successfully launch, grow, and create impact across industries. This proven model has accelerated 1,211 alumni that have gone on to raise more than $2 billion in funding, generate approximately $900 million in revenue, and create over than 65,000 direct and indirect jobs.
“The quality of this year’s applicant pool is a real testament to the community’s efforts to inspire and support individuals who are working to solve some of the world’s biggest problems,” said Kiki Mills Johnston, Managing Director, MassChallenge Boston. “I’m excited to welcome the 2017 cohort to Boston this summer. This is just the beginning!”
Since March, top investors, serial entrepreneurs, corporate executives, academics, and more have evaluated over 1,500 applications based on each startup’s ability to demonstrate impact and potential, which ranges from scientific breakthroughs to industry disruptions. Many of these judges remain actively involved throughout the four-month MassChallenge Boston program as mentors, speakers, and even potential partners.
Of the 128 startups selected:
- 30% are healthcare and life sciences
- 29% are high tech
- 20% are general, retail and consumer goods
- 16% are social impact
- 6% are cleantech and energy
As part of the 2017 cohort, startups will have unrivaled access to top corporate partners, expert mentorship, tailored curriculum, and more than 26,000 square-feet of co-working space in Boston’s dynamic Innovation and Design Building – all at zero cost and for zero equity. Entrepreneurs developing physical products also have an opportunity to take advantage of MADE @MassChallenge, the organization’s 5,000 square-foot research and development lab, which provides the equipment and support needed to design, develop, and scale hardware solutions.
The accelerator program will culminate on November 2, 2017 at the MassChallenge Boston Awards, where the most-promising startups compete for shares of more than $1.5 million in equity-free awards.
“Over the past seven years, MassChallenge has graduated more than 1,200 entrepreneurs from our intensive accelerator, enabling them to create enormous impact around the world,” said John Harthorne, Founder and CEO of MassChallenge. “We are proud to welcome such a high-potential class of startups to MassChallenge, and are excited to help them define their future and maximize their impact.”
Now in its eighth year, MassChallenge has continued to drive innovation around the world through its global network of accelerators in Boston, Israel, Mexico, Switzerland, and the U.K. In addition to existing programs, the organization experienced significant growth in 2016 with the launch of several new initiatives. Locally, MassChallenge Boston launched the Newton Innovation Center, a 5,000 square-foot co-working space in collaboration with CIC and the City of Newton, and PULSE @MassChallenge, a zero-equity innovation lab that connects digital health entrepreneurs to the region’s leading institutions, corporates, payors, and healthcare experts. Top startups from the first-ever PULSE @MassChallenge cohort will compete for shares of more than $200,000 in equity-free awards at PULSE Finale on June 13, 2017.
MassChallenge is the most startup-friendly accelerator on the planet. No equity and not-for-profit, we are obsessed with helping entrepreneurs across any industry. We also reward the highest-impact startups through a competition to win a portion of several million dollars in equity-free cash awards. Through our global network of accelerators in Boston, the UK, Israel, Switzerland, and Mexico, and unrivaled access to our corporate partners, we can have a massive impact – driving growth and creating value the world over. To date, 1,211 MassChallenge alumni have raised over $2 billion in funding, generated approximately $900 million in revenue, and created over 65,000 direct and indirect jobs. For more information, please visit masschallenge.org.
Top MassChallenge Boston Partners
Fidelity Investments, Ewing Marion Kauffman Foundation, Microsoft, CASIS, Commonwealth of Massachusetts, Deshpande Foundation, GE, Jamestown, The Boston Foundation, Combined Jewish Philanthropies of Greater Boston, Stanley Black & Decker, American Airlines, L’Oréal, Swiss Re, PepsiCo, Bose, Altria, P&G, Henkel, Blackstone Charitable Foundation, Draper, PTC, CVS Health, Autodesk, John Hancock, and Honda.
Article Reproduced from http://boston.masschallenge.org/press-release/masschallenge-boston-announces-2017-cohort