Written by Emma Freer

MassChallenge, a nonprofit startup accelerator based in Boston, launches its Austin-based accelerator, MassChallenge Texas, today. The office, which is located at 515 Congress Ave., Austin, will serve the Texas region.

In 2018, MassChallenge Texas plans to accelerate up to 100 start-ups, which will compete for up to $500,000 in equity-free cash awards.

Austin is basically a startup incubator, which is why I can imagine no better place for MassChallenge to call home in Texas than right here, Mayor Adler said in an Oct. 10 news release.

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