Jerusalem – MassChallenge Israel, part of MassChallenge’s global network, today announced the opening of applications for its 2021 accelerator. The application for MassChallenge’s 2021 program will be open until January 19, 2021 and startups that have raised less than $1 million (USD) in equity-based funding and generate less than $2 million (USD) in annual revenue are encouraged to apply. Visit masschallenge.org/apply to learn more and apply.
The announcement was made during a virtual launch event which featured top entrepreneurs and industry leaders including Siobhan Dullea, CEO of MassChallenge, Lihi Pinto Fryman, Co-founder of Syte, and Yaron Samid, entrepreneur and Founder of TechAviv.
As part of the announcement, ELTA Systems (ELTA), a world leader specializing in radar, communication, cyber products and services, and subsidiary of Israel Aerospace Industries, has partnered with MassChallenge Israel for a new “Nanotechnology & Metamaterial” track. The track will support early-stage startups as they seek the use of matter on an atomic, molecular, and supramolecular scale for industrial purposes in different verticals, or the use of materials with structure at the nanoscale. Through a curated vertical track curriculum, startups will be introduced to key ELTA stakeholders.
“MassChallenge was founded to drive economic recovery by supporting innovators as they grow businesses and solutions that create jobs and change our economies,” said Yonit Serkin, Managing Director of MassChallenge Israel. “We will continue to support and facilitate startups and corporates collaboration in 2021. The powerful network of MassChallenge Israel is the engine that will help lead to economic growth globally.”
Startups selected for the MassChallenge Israel 2021 accelerator will receive mentoring from experts around the world, access to corporate partners, tailored curriculum, and will be eligible to win a free-of-charge roadshow to the U.S to connect with corporates, industry leaders, and investors. Due to the public health risks associated with COVID-19, the 2021 accelerator will begin in online in April, with the goal of transitioning to in-person programming and events when MassChallenge Israel can ensure the safety of its community.
In 2020, MassChallenge Israel accelerated 42 startups through a digital program that connected them with more than 300 Israeli and international mentors, corporate partners, and investors. In addition to the core accelerator program, MassChallenge Israel organized a series of international conferences, curated business meetings, organized global competitions, corporate demo days, hosted government delegations, and corporate innovation roundtables.
MassChallenge Israel Partners
Amazon Web Services, ARC Impact, Brandeis University, Desphande Foundation, Digital Transformation Association, ELTA Systems LTD, Fischer Behar Chen Well Orion & Co, Goodwin Procter LLP, Google for Startups, Merchant & Gould P.C., Microsoft for Startups, The Peres Center for Peace & Innovation, Poalim Hi- Tech, The Jerusalem Development Authority, The Kraft Group, The Ministry of Jerusalem, Universal Music Group, US Department of State, Yigal Arnon & Co.
About MassChallenge Israel
MassChallenge Israel is an innovation ecosystem that connects the highest potential entrepreneurs to the right stakeholders to spark discussions and build relationships that result in successful collaborations. Since 2016, 249 alumni companies of MassChallenge Israel have raised over $320 million and created over 11,000 jobs globally.
MassChallenge is the global network for innovators. Headquartered in the United States with seven locations worldwide, MassChallenge equips bold entrepreneurs to disrupt the status quo and to create meaningful change. Since launching in 2009, more than 2,400 MassChallenge alumni have raised more than $6.2B in funding, generated more than $3B in revenue, and created more than 157,000 total jobs. Learn more about MassChallenge at masschallenge.org.