MassChallenge Holds New Haven Information Session (02/21)

There are no shortage of opportunities for startups in Connecticut these days.  First, Connecticut Innovations announced its “TechStart” program and expanded funding for early stage ventures (as part of the State of Connecticut’s October 2011 Jobs bill).

Now MassChallenge, which aims to be “the world’s largest accelerator program and startup competition”, visits Connecticut to hold an information session for entrepreneurs on its program, which features a Boston-based accelerator.  The organization boasts that “the 111 startups supported in the 2010 accelerator raised over ~$100M in outside funding and created ~500 new jobs in under 12 months.”

The session will be held on February 21, 2012 at New Haven’s Bourse loft and meeting space from 6-9pm.  The session is right around the corner from New Haven’s Grove coworking space – drop us a comment on this post to let us know if you’ll be attending, so we can say hello.

Related Articles:
-  “Startups Take MassChallenge” -Conntact.com

About derekkoch

Derek is CEO and Founder of Independent Software. Independent Software’s mission is to “help entrepreneurs win”; the company works with early-stage ventures to build new web and mobile software products, place talent through the A100 software apprenticeship program, and access the statewide startup community through the company's online magazine, The Whiteboard. Derek and the company also partner with such organizations as UP Global, Startup America, CTNext, the Grid, and the Connecticut Technology Council, Derek works to create and advance initiatives that help entrepreneurs manage and lead successful startup ventures rooted in Connecticut. Derek holds a master's degree in Management from Northwestern University's Kellogg School. He lives in Connecticut with his wife and their two sons.

3 comments

  1. I think that in the end this is good for the startup community. But the whole time reading this article I couldn’t stop thinking that there are some huge similarities between MassChallenge and Startup Weekend that I feel should be addressed. How long has MassChallenge been doing this versus startup weekend? Is MassChallenge doing this because they see potential profit in the startup community? Also their web presence is strong in the community but is poorly represented in their website.

  2. Great questions. We are going into our 3rd program and we launched in 2010.

    I would say that Startup Weekend and MassChallenge are complementary programs, but have several key differences.

    MassChallenge is the largest-ever startup accelerator and competition, and the first to support high-impact, early-stage entrepreneurs with no strings attached. Benefits for 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.

    We run 1 massive competition every year and it’s really a crowdsourced model for bringing together the startup community (investors, serial entrepreneurs, and other experts) to provide startups with access to key resources that they need to grow quickly. We help aggregate and coordinate people/resources/organizations around the startups.

    We do this for a number of reasons:
    1) Startups are awesome
    2) We don’t do this to try and extract value from the startups. That’s one of the reasons why we don’t take equity. We raise all of our money through corporate sponsors and grants.
    3) Startups are the true “pie makers” and we just want to put them in a position to continue making more pies.

    If you would like more information please feel free to email me directly scott at masschallenge.org

    Also, we’re working on the website we hope to see improvements in the coming months.

  3. Thank you Scott for clearing up all the questions I had. Its awesome to see the support on this and the rapid response.

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