Selected from more than 90 applications, this years recipients received between $5,000 - $10,000 in grant funding to help support innovation throughout their participation in the four-month MassChallenge Boston accelerator program, which provides entrepreneurs with access to resources, programming, and mentorship for zero-equity. In total, partners awarded $135,000 in scholarship funding to 23 startups that are participating in this years program.
Through the MassChallenge Boston scholarship program, entrepreneurs are able to focus on implementing strategies that help drive growth rather than worry about the financial burdens involved with launching and growing a business, said Scott Bailey, Managing Director at MassChallenge Boston. Were grateful to our partners who recognize the value in fostering collaboration with startups and helping entrepreneurs create impact in emerging industries.
Now in its second year, the MassChallenge Boston scholarship program works with partner organizations to outline specific eligibility requirements. Startups are invited to apply after completing the second round of judging for the accelerator program. In addition to grant funding, recipients will also have access to exclusive events and unparalleled mentorship opportunities.
As civic data becomes more accessible to entrepreneurs, academics, and the broader community, were beginning to see the next generation of startups emerge to address the opportunity to connect policy makers and citizens and to enhance government effectiveness, said Cathy Wissink, Director of Civic Engagement for Microsoft. By partnering with MassChallenge to award the Microsoft Scholarship for Civic Innovation, we can help fuel further innovation in the space.
Social impact companies are redefining how companies can address some of the worlds most pressing social and environmental concerns locally and globally, said Linda Henry, Managing Director of the Boston Globe and Chairman of the John W. Henry Foundation. We are thrilled to partner with MassChallenge for a fifth year to again offer support and grants to the most innovative and impactful social impact companies at MassChallenge. It is our hope that the grants encourage and enable additional impact start-ups to apply to MassChallenges incredibly successful accelerator program."
2016 winners include:
John W. Henry Scholarship for Social Impact
Recognizes startups that are developing new and innovative solutions for underrepresented groups and underserved communities
Microsoft Scholarship for Civic Innovation
Recognizes startups that help public officials deliver improved services to private citizens and enhance government effectiveness
Zipcar Scholarship for Urban Mobility
Recognizes startups that are developing solutions to solve mobility-related challenges in our cities
Cydan Development Scholarship for Rare Diseases
Recognizes startups targeting genetic conditions and accelerating the development of therapeutics and diagnosis of such disorders
The Massachusetts Clean Energy Center Scholarship
Recognizes startups in Massachusetts that are developing and commercializing technologies that contribute to the advancement of clean energy & water innovation
EYP Scholarship for Design Innovation
Recognizes startups that inspire creativity and problem-solving through design
MassChallenge is the most startup-friendly accelerator on the planet. No equity and not-for-profit, we are obsessed with helping entrepreneurs across any industry. We also reward the highest-impact startups through a competition to win a portion of several million dollars in equity-free cash awards. Through our global network of accelerators in Boston, the UK, Israel, Switzerland, and Mexico, and unrivaled access to our corporate partners, we can have a massive impact - driving growth and creating value the world over. To date, 835 MassChallenge alumni have raised over $1.4B, generated over $575 million in revenue, and created over 8,500 jobs. For more information, please visit masschallenge.org.
Top Partners Include:
Microsoft, Fidelity, Verizon, Bler, John Hancock, CASIS, Jamestown, Kauffman Foundation, The Boston Foundation, Deshpande Foundation, SENA, iNNpulsa Colombia, OCP Entrepreneurship Network, Biscay Government, Gentera, PTC, Givaudan, Nestl Inartis Foundation, Swiss Economic Forum, Swiss Re, EMC, INADEM, J.P. Morgan Chase, Jerusalem Development Authority, Commonwealth of Massachusetts, and IBM.