MassChallenge Selects Design Museum Boston as Semi-Finalist in 2012 Start-up Accelerator
Finalists compete for a piece of the $1,000,000 prize.
June 7, 2012 (Boston, MA) — On May 29th, 2012, MassChallenge announced that Design Museum Boston was chosen as one of the 125 start-ups accepted as semi-finalists into its program which launches June 26 in Boston. MassChallenge is the largest-ever startup accelerator and competition, and the first to support high-impact, early-stage entrepreneurs with no strings attached.
Since launching its first accelerator in 2010, MassChallenge has received over 2,400 applications, more than half of those coming this year when MassChallenge received 1,237 applications from 35 states and 36 countries.
“Many of these entrepreneurs are coming to Boston’s Innovation District from all over the world, and others have been creating ideas right here in Boston that will impact our city and far beyond,” said Mayor Thomas M. Menino. “We are happy to provide a home for this global collaboration and enthusiastically anticipate the growth of these young businesses.”
Design Museum Boston, the region’s first museum dedicated solely to design, will compete for a piece of the $1M prize. The semi-finalists are offered office space at the MassChallenge headquarters on Fan Pier at ONE Marina Park Drive and will receive mentoring for the 3 month accelerator program. In October, the startups will pitch again to judges who will narrow down the group of 125 to the 10 – 20 that will split the $1M in cash.
“MassChallenge is proud to welcome the 2012 MassChallenge finalists. This class of entrepreneurs is working on some of the world’s toughest problems and represents some truly amazing ideas,” said Akhil Nigam, Founder & President of MassChallenge
MassChallenge has a impressive list of successful alumni, including Ted Acworth, Founder & CEO of Artaic and Chairman of the Board of Directors at Design Museum Boston. Artaic creates beautiful custom tile mosaics through use of advanced computer software and robotic manufacturing. “MassChallenge has been instrumental in jumpstarting Artaic, and I think it will do the same for Design Museum Boston. The environment is full of excitement, knowledge and network, and fosters a sense of community and creativity that is difficult to find elsewhere. They definitely set you up for success.”
Sam Aquillano, Co-Founder and Director of Design Museum Boston expressed his gratitude and excitement,“Being chosen to take part in the MassChallenge program represents an enormous opportunity for Design Museum Boston, we’re thrilled to be in the 2012 class and thankful for the public votes we received from our dedicated audience, and to the judges who saw our potential. We’re excited to receive the mentorship and support that will accelerate our mission as we create this new cultural institution for Boston.”
Design Museum Boston is New England’s first museum dedicated solely to design. Its mission is to educate the world on the role of design in our lives and to unite the design community in ways that enrich their collective work, solve real-world problems more creatively, and make businesses more competitive. Whether in a gallery, retail environment, public spaces or on the web, its programming gives audiences new insights into the design process and the greater social, economic, and environmental contexts that both affect and are affected by design. For information on current and past programs and exhibitions visit:designmuseumboston.org
MassChallenge runs a $1M global startup accelerator and competition to catalyze the launch and success of high-growth, high-impact new businesses. The competition is open to any startup in the world, in any industry. MassChallenge is designed to identify, strengthen and facilitate funding for the world’s highest impact startups, and the judging criteria are focused on the entrant’s proposed impact and their potential for success. For more information visit: masschallenge.org