MassChallenge
MassChallenge is a non-equity startup accelerator headquartered in Boston, Massachusetts, with additional locations in Israel, Mexico, Switzerland, Texas, and the UK. Founded in 2009, it focuses on fostering innovation and entrepreneurship by supporting high-potential startups across various industries globally. MassChallenge provides expert mentorship, a tailored curriculum, and access to corporate partners without taking any equity from the startups. Its programs, including specialized initiatives like MassChallenge FinTech and MassChallenge HealthTech, aim to facilitate partnerships between startups and established companies to drive innovation and growth. To date, MassChallenge has helped over 1,200 alumni raise more than $2 billion in funding and create over 65,000 jobs, demonstrating its significant impact on the global innovation ecosystem.
Non Equity Assistance in 2021
Owiwi is a leader in game-based assessments, specializing in measuring soft skills in potential and current employees. The company's flagship product utilizes an innovative talent assessment platform that combines advanced technology with principles from business psychology and game design. This engaging platform employs gamification to evaluate essential soft skills such as adaptability, flexibility, integrity, learning agility, and resilience. By providing valuable insights into candidates' traits and behaviors, Owiwi helps organizations reduce bias in hiring and minimize the risks associated with poor hiring decisions. The immersive experience not only enhances the assessment process but also contributes to a positive candidate experience, ultimately strengthening the employer brand. With a commitment to scientific rigor, Owiwi has published numerous papers in peer-reviewed journals, underscoring its expertise in the field.
Non Equity Assistance in 2021
MAGOS develops advanced finger-tracking gloves aimed at enhancing user interaction in digital environments, particularly within eXtended Reality (XR). The gloves are equipped with four sensors on each finger, providing precise tracking that allows users to interact naturally and intuitively, similar to how they would in the physical world. This innovative technology addresses the limitations of existing interaction devices by enabling a more immersive user experience. MAGOS’s solution not only facilitates human-computer interaction but also supports applications in telerobotics, enhancing both control and training of robotic hands. By replacing traditional input methods, MAGOS aspires to transform the way users engage with digital content, ultimately improving the overall interaction framework.
Non Equity Assistance in 2021
Aidplex is a MedTech startup focused on transforming the orthopedic sector through patient-centered products and advanced monitoring solutions. The company initially enters the market with splinting products, while also planning to diversify by redesigning back brace solutions. Aidplex develops wearable devices that enable real-time monitoring of patients' health and treatment progress, specifically for conditions such as scoliosis and fractures. By integrating IoT technologies with e-health services, Aidplex aims to empower patient monitoring and facilitate timely interventions by physicians, thereby enhancing efficiencies and improvements in the rehabilitation process. The company is committed to exploring innovative solutions within orthopedics in the future.
Augmenta started its operations at the start of 2017, in Athens, Greece, by George Varvarelis and Dimitris Evangelopoulos, both farmers and embedded systems engineers and offers an Artificial Intelligence based solution comprised of a hardware device and a web platform, to any farmer, anywhere in the world that wants to have the best possible efficiency for every inch of his land and ultimately increase his seasonal net income. Augmenta’s “Field Analyzer”, is a plug and play device that can be attached to any tractor and can determine the amount of fertilizers, fungicides and pesticides that every inch of the farm needs to reach to its full potential, all in real-time. Furthermore, Field Analyzer is capable of controlling agricultural machinery (e.g. fertilizer spreaders) also in real-time, applying the optimal amount of chemicals into every inch of the farm completely automatically and without the farmer lifting a finger. Finally, the farmer can use Augmenta’s field-viewer, the company’s easy to use web platform, to observe the progression of his field through visual data analytics which help him keep track of the results of Augmenta’s real time operation but also assist him on making data-driven, customized decisions for the future, in a farm level scale and not in a generic geographical (county or even state/country) level scale which is the norm today. Augmenta has completed successfully 2 years of pilots, in 24 fields having staggering results and is currently conducting data-based pilots with food companies like Barilla and partnered with NVIDIA for the development of its cutting edge deep learning device.
Ingredio is a mobile application, through which the user can take a picture of the ingredients of a cosmetics or food product with a mobile phone, and is informed whether these ingredients are safe or toxic/allergenic or of natural origin according to existing chemical databases. Their application is aimed at informing the growing share of consumers who want to know what is contained in the products they use and embrace healthy eating and cosmetics without toxic chemicals. They inform consumers whether the ingredients of a cosmetic or food product are safe or toxic and if they are of natural origin according to a verified chemical database. Their application can be used without geographical restrictions for chemical ingredients listed in English.
H2Only Battery specializes in water-activated devices that provide reliable electricity in emergencies and low-light situations. The company has developed rechargeable battery-powered products that generate electricity using water or other liquids, enabling them to be reactivated multiple times regardless of location. This innovative approach offers customers a range of affordable, portable power solutions in various sizes and shapes, ensuring peace of mind during times of need.
Crypteia Networks is a cybersecurity company based in Athens, Greece, with an office in Boston, MA. The company offers a patent-pending technology designed to identify zero-day threats at their inception and detect misconfigurations in existing security defenses. This technology, known as MOREAL™, provides visualizations of threat paths and offers suggested mitigation actions, enhancing the security posture of enterprises. By integrating with existing security mechanisms, Crypteia's solution maximizes the value of logs generated by organizations without requiring any changes to their infrastructure. The approach is non-intrusive, operating independently of operating systems and minimizing integration challenges.
Kinems Inc is an educational technology company that specializes in movement-based learning games designed for children with various learning disabilities, including autism, ADHD, dyspraxia, dyslexia, and dyscalculia. Founded in 2013 and based in Athens, Greece, the company provides a range of interactive games that combine therapeutic body movements with academic content, helping students engage in both learning and therapy simultaneously. Kinems offers a cloud-based monitoring and reporting system that allows professionals, such as teachers and therapists, to customize game settings according to each child's individual needs. This system not only facilitates tailored learning experiences but also tracks progress and documents interventions, ensuring that educational goals are met effectively. Kinems serves a diverse clientele, including educators, healthcare professionals, therapists, and parents, all aimed at empowering special education students to reach their full potential.
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