MassChallenge Targets 100 Startups for New Texas Accelerator

Written by Kelly O'Brien
 

MassChallenge, the Boston-founded startup accelerator, is launching a second U.S. program in Austin, Texas with plans to accept up to 100 startups into a 2018 accelerator there.

MassChallenge already operates accelerator programs in London, Israel, Switzerland and Mexico. But this is the first new program to launch under the watch of Scott Bailey, the former director of the Boston program who earlier this year took over as executive director for North America.

The nonprofit organization says the Austin program will dole out up to $500,000 in prize money to startups. (The Boston program awarded $1.5 million in non-equity grants in 2016.)

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