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Spotlight On: MassChallenge UK

MassChallenge, the world’s largest startup accelerator and competition, is officially accepting applications until April 1 for its first annual programme in London, MassChallenge UK. Up to 100 selected startups will participate in a four-month programme, at the end of which a total of £500k is awarded to the top startups, with no equity taken.

Any early stage startup can enter MassChallenge UK from any industry, from anywhere in the world. Accepted startups will go through the accelerator programme starting at the end of June and going through October at Tobacco Dock in London. MassChallenge UK provides entrepreneurs with the resources and opportunities to help them succeed, including expert mentorship, free office space and in-kind products and services, and access to a global network of resources. At the end of the programme, the startups with the highest impact and potential will be awarded a share of £500k in cash awards with no equity taken – the top award being £50k.

An advantage of MassChallenge UK, like IdeaSquares, is the ability to test out ideas and hone them with the best mentors and judges in London. All applicants will receive written feedback and selected startups in the programme will be able to have in-depth contact with mentors, investors, and a large community. Similarly, a good way to get noticed by accelerators, including MassChallenge, is to get your ideas out there, whether through pitch competitions, IdeaSquares, or applying to our programme. To receive a 25% discount on the application fee – enter the code: IdeaSquares25 (email with any questions about this offer).

Based on the hugely successful MassChallenge model developed in Boston, the UK has been chosen as the first site for a full-scale accelerator programme outside of the United States and is in its first year of operation. The 617 startups that have completed MassChallenge Boston since its first programme in 2010 have raised over $706 million in funding, generated $404 million in revenue and created over 4,800 jobs.

Founder and CEO John Harthorne developed MassChallenge as a way to support entrepreneurs who create value for society without taking anything from them. To make this possible, MassChallenge is funded by corporate, public, and foundation partners. MassChallenge UK is supported by Mayor Boris Johnson, 10 Downing Street and Tech City UK, and is sponsored by NatWest, Unilever, Visa Europe and others.

“Ever since Prime Minister David Cameron invited us to launch MassChallenge UK, we’ve had great opportunities to connect with innovation leaders throughout Britain,” said MassChallenge CEO John Harthorne. “Thanks to the support of hundreds of entrepreneurs and partners, MassChallenge UK is well positioned to provide startups equity-free access to the resources they need to launch in London and grow globally.”

The final application deadline for all three programmes in Boston, London, and Israel is the 1st of April, 2015. Apply now at MassChallenge using the discount code IdeaSquares25.

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This entry was posted on March 16, 2015 by in Startups and tagged , , , , , , , .
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