MassChallenge, a global network of zero-equity startup accelerators, welcomes 84 of the world’s highest impact, highest potential early-stage startups to Austin as the nonprofit’s first ever Texas-based accelerator officially begins. Companies are coming to Austin for the next four months from as far away as Greece and Zimbabwe and from all corners of the Lone Star State. The accelerator will culminate on Aug. 15, 2018, at the MassChallenge Texas Awards Ceremony, where the top startups from the accelerator’s inaugural cohort will pitch for the opportunity to win a portion of up to $500,000 in equity-free grants.
Startups that participate in the accelerator will receive a custom curriculum designed to meet them where they are in their entrepreneurial journey, from market research to launching pilot programs, intellectual property and licensing, to fundraising and investor relations, sales and marketing strategy, to working with corporate partners and more.
“We’re incredibly excited about the curriculum and experience we have designed for the startups,” said Mike Millard, managing director of MassChallenge Texas. “Not only are we offering curriculum based on MassChallenge’s extensive experience, we are listening to what the startups ask for to make the experience as relevant and useful as possible. Over the course of the accelerator we will connect our startups to the Texas community by creating opportunities for shared experiences through education, events and networking.”