Written by Kelly O’Brien 
 

MassChallenge, a Boston-based startup accelerator, is launching a second U.S. program in Austin with plans to accept up to 100 nascent companies.

MassChallenge already operates accelerator programs in London, Israel, Switzerland and Mexico. But this is the first new program to launch under the watch of Scott Bailey, the former director of the Boston program who earlier this year took over as executive director for North America.

The nonprofit organization says the Austin program will dole out up to $500,000 in prize money to startups. For comparison, the Boston program awarded $1.5 million in non-equity grants in 2016.

Read more on Austin Business Journal…