MassChallenge Grabs $1M from MA

3/7/11

The state of Massachusetts has pledged to pump $1 million over the next four years into MassChallenge, the Boston-based nonprofit announced today. MassChallenge, which awarded $1 million across 16 startups in its inaugural startup competition last year, opened up its 2011 program today, with an application deadline of April 11. Greg caught up with MassChallenge CEO and co-founder John Harthorne earlier this year when he was ramping up fundraising efforts for the program and expected no state contributions at that time. MassChallenge also announced today that it has received additional contributions from new and existing supporters and will maintain its Seaport District office space through 2014, thanks to an extended agreement with the Fallon Management Company and MassMutual.

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