MassChallenge Presents $1.5 Million to World’s Most Promising Startups

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MassChallenge™ recently announced $1 million in prize money to 16 of the world’s highest impact startups at the 7th annual Boston Awards. In addition to this funding, CASIS & Boeing also allocated $500,000 to three startups to fund research projects on the International Space Station.

The event took place at the Boston Convention & Exhibition Center in the city’s Seaport District, not far from the Massport headquarters. Over 1,500 people attended, including leaders from business, government, academia and community organizations.

The assembled crowed heard on-stage pitches from the top 26 companies being considered for the awards, and also heard from Governor Charlie Baker and Chobani Founder and CEO Hamdi Ulukaya.

“The great genius in MassChallenge is the notion of being able to accelerate ideas into something much bigger,” said Governor Charlie Baker, who also praised “the finalists, disruptors, big thinkers and entrepreneurs who will push innovation forward.

“MassChallenge has an enormous impact about what people think about our brand and about Boston,” the governor said.

See the full list of winners here.

“I’m so proud to announce this year’s winning startups, which have leveraged our global network of resources, mentors, partners, and more to truly change the world,” said Scott Bailey, Managing Director of MassChallenge Boston. He also praised “startups and key players across the ecosystem who have made a commitment to work together in order to create enormous impact.”

MassChallenge also celebrated passing a milestone of accelerating over 1,000 alumni, bringing the total to 1,211. In total, these 1,211 startups have raised over $1.8 billion in funding, generated over $700 million in revenue, and created 60,000 direct and indirect jobs.
Notable alumni include Gingko Bioworks (Boston, 2010), Handy (Boston, 2012), Localytics (Boston, 2010), Cambridge Bioaugmentation Systems (UK, 2015), and Turo (Boston, 2010).

“We have come a long way since 2010 when we ran our first accelerator in Boston,” said John Harthorne, Founder and CEO of MassChallenge. “We now have accelerators in five countries and growing, and have helped accelerate over 1,200 startups.

“They are truly making an impact on the world – addressing some of the world’s biggest problems through innovation and creating jobs of the future. This is only the beginning and I’m excited to watch what our alumni continue to accomplish in the years to come.”

Visit MassChallenge for more information.