Global accelerator gives Australian startups a business boost
30 Nov 2016
One of the world’s leading startup support organisations, MassChallenge, has selected ten Australian startup teams as the winners of a national competition to participate in a workshop to be held in their Boston headquarters.
Supported by Microsoft and the Australian Government, the competition provided high-potential entrepreneurs the opportunity to pitch their innovative ideas for new technologies.
The following ten winning teams were selected from a pool of over 200 Australian applicants:
- My Golgi
- Unmanned Aerial Systems Pty Ltd
- Digital Homebrew
Through MassChallenge, the winners will attend a five-day US boot camp in February 2017, where they will have access to the Boston ecosystem, receive one-on-one mentorship and compete for a share of the world prize pool of over US$3 million in funding.
MassChallenge is one of the world’s most engaged startup business accelerators with an international track record in helping companies achieve growth without taking any equity or profit.
MassChallenge President, Mike LaRhette, said that Australia’s entrepreneurs have a lot to offer.
‘Australia represents a unique opportunity for MassChallenge, given its strategic positioning in Asia-Pacific, its cultural and historical connections to MassChallenge hubs in the US and UK, and the energy and momentum of its entrepreneurial ecosystems.’
Founded in 2009, MassChallenge was founded with support from Microsoft, the state government of Massachusetts in the US, and private philanthropists as a way of generating innovation and job creation in the state. The organisation has since expanded, with a presence in the UK, France, Spain, Korea, Mexico, Morocco, Colombia, and now Australia. To date, over a thousand MassChallenge alumni have raised nearly US$2 billion in funding, generated almost US$1 billion in revenue, and created over 60,000 jobs.