Innovation Blog

Austin Welcomes Startup Accelerator Program


Written by Raga Justin

Eager for the chance to network with big names in business, entrepreneurs gathered for the launch of startup accelerator MassChallenge Texas Monday night.

The event at the Bob Bullock Texas History Museum marked the opening of the Austin branch of MassChallenge, a Boston based nonprofit accelerator program whose 1,211 startups boast nearly $2 billion in funding.

Its a celebration of entrepreneurship in the state of Texas, said Dana Rygwelski, director of marketing for MassChallenge Texas. As well as an introduction to MassChallenge and what we plan to do here in Texas to make it come to life.

Texas currently hosts 54 of the Fortune 500 companies, as well as a number of venture capital firms, Rygwelski said.

As a hub of booming activity, MassChallenge Texas Director Mike Millard  said Austin was a strategic choice.

This is a Texas play, and Austin is as good a place as any to start, Millard said. We have great venture capitalists, great talent, great universities, great corporations.

Read more on The Daily Texan

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