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Boston Innovation Spotlight: MassChallenge

MassChallenge One Marina Park Drive Boston - Boston Innovation District

MassChallenge

Our mission

Catalyze a startup renaissance.

What we do

We help early-stage entrepreneurs win.

We connect entrepreneurs with the resources they need to launch and succeed immediately.

Our primary activities include running an annual global startup competition, documenting and organizing key resources, and organizing training and networking events.

Our Vision

We envision a creative and inspired society in which everyone recognizes that they can define their future, and is empowered to maximize their impact.

Our Objectives

  • Promote innovation, collaboration and commercialization
  • Address the seed-stage investment gap, empowering novice entrepreneurs
  • Provide educational opportunities for entrepreneurs
  • Showcase entrepreneurship assets and infrastructure locally and nationally

Why now?

The current economic crisis is an enormous opportunity in disguise. Technology is converging across industries and transforming the way we do business. Shifting technology has rendered many business models obsolete, and has left millions of people unemployed and thousands of offices empty. These are the very raw materials required for new business generation, and technological advancement is also enabling whole new categories of businesses.

By investing now in innovation and entrepreneurship, we can transform whole industries and define the next generation of economic growth engines.

MassChallenge Event

What’s missing today?

The world is full of great ideas, but only a few become reality. Novice entrepreneurs require advice, resources and funding to bring their ideas to fruition. Currently there is a gap between the resources these entrepreneurs need and the ability of the entrepreneurial ecosystem to provide them.

The Solution

We are addressing this gap by launching the world’s largest start-up competition. We use the power of competition to create urgency, and to identify and aggregate high-impact teams and resources. We strengthen and accelerate finalists by providing them high-quality, personalized mentorship and by connecting them to potential team members, advisers, customers and sponsors.

As an independent not-for-profit, we are solely motivated to support and strengthen entrepreneurs – no strings attached.

MassChallenge Event

To learn more about the competition model, visit our competition overview.

MassChallenge

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