Masschallenge, Inc.: Launching a Non-profit Business Accelerator (A)
(7 pages of text)
MassChallenge Inc. is a large non-profit startup accelerator that connects new ventures with other stakeholders within an established business ecosystem. For this new company to engage stakeholders in the numbers envisaged and create a crowd-sourced deal management system, the founders need to develop a model that brings in as many quality or attractive startups as possible. Instead of taking equity in participating ventures as traditional accelerators do, MassChallenge focuses on developing a marketplace for stakeholders to gain access to startups and for startups to access the resources provided by investors and other stakeholders, including government; angel investors, venture capitalists and lawyers; and businesses, foundations and universities. The founders also need to find ways to build MassChallenge through possible expansion and funding opportunities.
- To introduce students to startup accelerators.
- To understand what is needed to develop a non-profit ecosystem.
- To examine the unique organizational challenges of sustainably running an accelerator with a non-profit model.
Social Advocacy Organizations
United States, Small, 2010
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