MassChallenge CEO John Harthorne will provide an overview of the MassChallenge Global Startup Competition. MassChallenge is running a global startup competition to accelerate the launch and success of high-growth, high-impact new businesses. The first contest launched on April 14, 2010 with a total prize pool of $1 Million. The submission deadline is June 11, and winners will be announced in early October 2010.
As many NACCE members can attest, the growth in entrepreneurship programming and content at Community Colleges is gathering a lot of interest from students, faculty and staff as well as the communities within which our schools are located.Bunker Hill Community Collegein Boston isseeing a dramatic increase in students coming to their Community Center for Entrepreneurship with business concepts they want to develop, both from within our academic programs in entrepreneurship and business but particularly within other programs like Visual and Media Arts, Computer and Information Technology and Hospitality. At the same time, faculty interest in including entrepreneurship content in their coursework and administration's support for this integration is flourishing, all while local government agencies and non-profits - like MassChallenge - are making support for and partnership on behalf of small business launch a top priority. It's an exciting time to be working with students to helpthem develop their business ideas into strong and vital potential business models that can help spur economic growth in the Commonwealth and beyond.
The MassChallenge competition is open to anyone in the world, with any idea, in any industry. Physical activities will be based in Massachusetts where innovation resources are most concentrated. Every entrant will receive training, feedback, PR and networking support via expert volunteers from partner organizations. Around 100 of the highest-potential entrants will receive intensive mentorship and other free resources, including office space and targeted introductions to customers and funding sources. The very best startups will be identified by expert judges to receive cash awards toward launching their businesses along with enhanced PR and privileged access to top investors seeking to place seed capital to work in high-growth firms.
MassChallenge is a non-profit leveraging both public and private funding.