To be eligible to enter the MassChallenge competition, a business entry must be at an early stage of development, and each team must pay the entry fee. The entry fee is intended to prevent entry from teams who are not committed to launching their business.
To enter the MassChallenge competition, a team must submit an executive summary and written elevator pitch through the MassChallenge website, from February 13 to April 3, 2013.
MassChallenge seeks to award high impact new ventures that will be successful, and anticipates approximately ~300 Semi-Finalists, ~125 Finalists and 10-20 award recipients.
- Finalists receive free resources in Massachusetts including mentorship, work space, strategic advice, and networking opportunities to further their businesses.
- Award recipients receive approximately $50,000 to $100,000 in cash, business guidance, public relations promotion, and marketing exposure from the Competition.
- These Awards will be used toward development of the start-up business.
- MassChallenge will only pay prize money to winning startups as incorporated entities. Prize money cannot be paid to individuals or to non-winning entities.
The process of forming the startup of each Entry is the focus of the competition. Note the following important phases. Dates of each phase can be found here: http://www.masschallenge.org/accelerator/timeline
MassChallenge launch, opening of website for entry. Training and networking events begin in earnest.
Deadline for entry submission. Round 1 of Judging begins. Training, networking and other events continue.
Round 1 judging completed. ~300 Semi-Finalists continue with competition events. Teams perform in-person pitches for Round 2 judging.
**Round 2 judging completed. 100+ finalist teams will receive one on one mentorship, work space, and other resources as part of a 3 month accelerator phase. The final judging panel will identify approximately 10-20 awardees.
- June-September: Accelerator Program Each team pairs with mentors of their choice, given free premium office space in downtown Boston. Weekly entrepreneur stories, training sessions and workshops covering strategy, marketing, fundraising, team building and access to angel groups, law firms, marketing agencies, PR firms, venture capital firms
October: Final Judging.
Late October: MassChallenge Final Ceremony. Announcement of awards.
- **Entrants who participate in the accelerator must be present in Massachusetts to be eligible for awards.
The goal of the judging process is to award startups with promise for economic success and positive impact in the community. There are three rounds of formal judging.
MassChallenge will enlist the services of expert judges who are independent and objective, with no conflicts of interest.
Judges’ scores are based on the submitted written application in Round 1, and Round 2 adds an in-person presentation that the judges also use to determine their scores.
Entrants may provide a limited number of names of individuals who can act as references for their company. These references are optional. They can provide additional information to assist in assessing the application. Collecting the references can also assist the entrepreneur by encouraging networking.
Discounts (Partial Refunds) on Entry Fee
Sponsors of MassChallenge and other organizations may provide discount codes that the Entrant can use to receive refunds on some portion of the paid Entry Fee.
MassChallenge shall be held harmless in the event of any legal action.
MassChallenge takes no responsibility for agreements between competition participants and third parties.
MassChallenge takes no part in and has no liability for the domestic or international intellectual property rights of competition participants.
Participants are responsible for their own intellectual property.
- Participants must keep confidential information confidential.
Entry materials become the property of MassChallenge.
Participants who engage in immoral activities, including lying and cheating, or any activity that may adversely affect the image of MassChallenge or other participants, become ineligible for the Competition.
All work and submissions of Entrants must be original to the entrant/team.
All participants must comply with the rules. Any violation of the rules will disqualify an entrant’s team from the competition, and result in forfeiture of any awards awarded to the team.
Liability Related to Awards
Awardees may not hold MassChallenge or other participants responsible for any harm resulting from accepting or using the award.
Participants must be legally present in the United States. MassChallenge takes no responsibility for immigration status of participants.
Each Participant warrants that he or she does not participate in any terrorist activities. Mass Challenge shall not be held responsible for any harm resulting breach of this warranty.
The competition is subject to applicable federal, state, and local laws.
MassChallenge may update the competition rules throughout the competition. All updates will be posted on the MassChallenge website.