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Boston Innovation News – MassChallenge Winners Split $1 Million

Meet the 17 MassChallenge Teams That Split $1 Million in Prize Money

Article Courtesy of: BostInnovation

MassChallenge - Boston Innovation District - One Marina Place Boston MA

During the 2011 MassChallenge Awards ceremony, 17 companies were granted a piece of the $1 million in prize money.

Three teams took home $100k prizes and 14 took home $50k prizes.

The event was held at the Boston Convention Center and included inspiring talks from Mayor Menino, Bert Jacobs (founder of Life is Good), Deval Patrick and Scott Case from Startup America.

“Massachusetts is home to an amazing array of startups and our entrepreneurial ecosystem is one of the  strongest in the country,” said Governor Deval Patrick. “MassChallenge is a highly successful program  and the Commonwealth is proud to be a founding supporter.

This year’s MassChallenge competition kicked off on March 7 and attracted 733 applications from 24 countries and 34 U.S. states.

The 125 highest-impact, highest-potential startups were then invited to participate in a 3-month accelerator program providing mentoring and access to free resources including office space, legal support and targeted introductions to customers and funding sources. From their 26 finalists were chosen.

“Over our history, Boston has been home to many revolutionary ideas,” said Boston Mayor Thomas M.  Menino. “We continue a proud tradition of innovation on the thriving Boston Waterfront, where MassChallenge plays an integral role.

Together, we’re showing that the Innovation District is the best  place for startups to become upstarts.

Congratulations to the 2011 MassChallenge Winners!

Meet the MassChallenge Winners – Complete article on BostInnovation – CLICK HERE!

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