World’s biggest start-up accelerator launches London programme
Applications officially opened for government supported MassChallenge UK, which provides large scale, no-equity accelerator programmes to start-ups
MassChallenge UK has opened applications for its London-based, community-powered accelerator course, which provides mentoring, finance and support with ‘no-strings’ or equity attached.
Backed by 10 Downing Street, Innovation Leaders and Tech City UK, the US-conceived accelerator programme offers entrepreneurs a range of support including premises, and access to a global network and expert advice.
The programme is looking to take on between 60 and 80 new businesses, with chosen applicants participating in the accelerator programme from June to October of this year and competing for £500,000 in non-dilutive grants.
MassChallenge began accepting applicants on this week following its launch event at its Tobacco Dock base at which investor and managing director of The Boston Globe Linda Pizzuti Henry (pictured) spoke, and it will remain open until April 1.
The MassChallenge programme, which is open to a global audience, originated in Boston in 2010 and has raised over $700m in funding and has featured 617 start-ups to date.
Mayor of London Boris Johnson, who provided a video message at the launch, welcomed the new programme;
“My main priority as Mayor has been creating jobs and growth for Londoners, and I am pleased to welcome MassChallenge to London.
“We need to be ambitious with programmes like this to foster new ideas, create sustainable businesses and provide new jobs and apprenticeships.”