The nonprofit program is looking for early stage companies in any industry, including high tech, health care, clean energy and social impact.

October 3rd, 2017

Written by Lori Hawkins, American-Statesman Staff

MassChallenge, a Boston-based accelerator, has chosen Austin as its second U.S. site and plans to accept up to 100 startups in its first program.

The nonprofit organization is looking for early stage companies in any industry, including high tech, health care, clean energy and social impact. 

MassChallenge is targeting startups across Texas for the Austin accelerator. Winners — who must move to Austin if chosen — will participate in a three-month accelerator that includes access to mentoring, fellow entrepreneurs and investors, training and networking events and free office space.

Mike Millard is executive director of MassChallenge Texas.

At the end of the program, companies will compete for up to $500,000 equity-free cash awards.

We have a wonderful opportunity in Texas to take this great ecosystem and make it more effective by bringing universities, corporations, venture capitalists, angels as well as other entrepreneurs together, said Mike Millard, managing director of MassChallenge Austin. If we can get these folks to collaborate and convene I think we can make an impact in Texas, and make this one of the best centers for entrepreneurship in the world.

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