10 high-flyers off to Boston for start-up business boost
16 November 2016
Assistant Minister for Industry, Innovation and Science Craig Laundy has congratulated 10 start-ups that have been selected to travel to Boston to take part in a highly successful international accelerator program.
They were selected from over 200 applications for the Bridge to MassChallenge competition run by the Boston-based not-for-profit accelerator MassChallenge.
“This competition has been a fantastic opportunity for start-ups from around Australia to access great advice at the three start-up boot camps that whittled the entry field down to 15,” Mr Laundy said.
“MassChallenge is the world’s most startup-friendly accelerator program with more than 1,000 MassChallenge alumni raising over $1.8 billion in funding, generating over $700 million in revenue and creating over 60,000 jobs worldwide.
“These 10 finalists are the pick of the crop from Australia this year and will gain access to resources, mentoring and business training that will be so beneficial, not just to them, but no doubt will filter back by example into the start-up community.”
Mr Laundy said being selected to travel to Boston would give the finalists access to a global accelerator network.
“The four-day Boston intensive accelerator boot camp will be an incredible shot in the arm for the 10 finalists,” Mr Laundy said.
“Having the MassChallenge leaders in Australia delivering the program in Sydney, Melbourne and Adelaide, in conjunction with local entrepreneurs and mentors, has opened the way for valuable collaborative learning.”
The 10 finalists are due to fly to Boston next February and will be competing for five fast-tracked slots in the organisation’s 2017 accelerator program.
The Bridge to MassChallenge program has been supported by the Australian Government with the Victorian, New South Wales and South Australian governments, Microsoft Australia and Monash University.
A list of finalists is attached.
Media contact: Mr Laundy's office 02 6277 4345