Formation | 2009 |
---|---|
Type | 501(c)(3) |
Headquarters | Boston, Massachusetts |
Location | |
Website |
masschallenge |
MassChallenge is a global, zero-equity startup accelerator, founded in Boston, Massachusetts in 2009.[ citation needed]
MassChallenge is headquartered in Boston's Seaport District in the MassMutual Building, and has additional U.S. locations in Texas and Rhode Island, as well international locations in Israel, Mexico, and Switzerland. [1]
MassChallenge co-founders John Harthorne and Akhil Nigam were working as strategy consultants at Bain & Company during the global financial crisis in 2008 when they developed MassChallenge. [2] MassChallenge secured early support from successful entrepreneurs like Desh Deshpande and Joe Fallon, the public sector including Thomas Menino the then- Mayor of Boston and the Commonwealth of Massachusetts, and large organizations like The Blackstone Charitable Foundation and Microsoft. [3]
During its first Boston-based cohort in 2010, MassChallenge accelerated 111 startups. [4]