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.

Cait Brumme

Acting CEO

Cait Brumme

Managing Partner

Siobhan Dullea

CEO

Matt Lashmar

Managing Director

Camila Lecaros

Managing Director

Yonit Serkin

Managing Director

Devon Sherman

Founding Director, Head of MassChallenge FinTech

Michelle Williams

Vice President and Head of Texas Strategy

Past deals in Minnesota

Davenport SAF-T Systems

Non Equity Assistance in 2021
Davenport SAF-T Systems is dedicated to enhancing the safety and independence of older adults through innovative technology. The company has developed a lightweight safety garment designed to prevent injuries while walking. This garment, which takes the form of a vest, is equipped with sensors that can detect an unrecoverable fall in progress. In response, a system of airbags activates within less than half a second, providing immediate protection to vulnerable areas of the body, such as the head, neck, shoulders, elbows, and hips. By focusing on injury prevention, Davenport SAF-T Systems aims to improve the quality of life for seniors and reduce the risks associated with falls.

Kobara Medical

Non Equity Assistance in 2021
Developer of a medical therapeutic device designed to provide an alternative to invasive cardiac rhythm management. The company's platform provides neuromodulation therapies to address heart failure and cardiac arrhythmias by making use of the heart's transverse pericardial sinus, the device is minimally invasive and does not penetrate any blood vessels or require multiple leads to be implanted, enabling doctors to combine multiple leads into one and do multi-chamber pacing from outside.

Fybraworks Foods

Non Equity Assistance in 2021
Fybraworks Foods, Inc provides alternative meat substitutes and develops animal-free meat structural proteins and synthetic meat by using fermentation techniques. The company was founded in 2020 and is based in Minneapolis, Minnesota.

Ōmcare

Non Equity Assistance in 2021
Ōmcare is a digital health company that delivers remote care and real medication adherence. They do this by extending the reach of the caregiver thru its proprietary interactive IoT technologies - promising the right pill, right time, right person. By partnering with pharmacies, payers, providers, and family caregivers, they help people live healthier, more vibrant, independent lives. If independence is freedom, then Ōmcare is liberating the essence of life and empowering independence in more ways than one each and every day. The Ōmcare Home Health Hub, scheduled for release in early 2021, offers caregivers of all types – physicians, pharmacists, and family – the ability to see, speak to, and confirm appropriate medication from anywhere. A variety of call center options will be offered to provide an added connection when a loved one or clinician cannot be there. After all, there’s no true substitution for connecting one-to-one.

BetterYou

Non Equity Assistance in 2020
BetterYou is a digital wellness platform that empowers both individuals and organizations to enhance health and well-being through data-driven insights. By utilizing data generated from daily interactions with its devices, BetterYou helps users identify where they spend their time compared to what truly matters to them. The platform encourages users to define their own criteria for "time better spent," allowing them to focus on their personal wellness goals across physical, mental, social, and educational dimensions. Additionally, BetterYou provides organizations with population-level insights that facilitate improved employee wellness, ultimately driving health savings and fostering healthier habits within the workforce.

Ōmcare

Non Equity Assistance in 2020
Ōmcare is a digital health company that delivers remote care and real medication adherence. They do this by extending the reach of the caregiver thru its proprietary interactive IoT technologies - promising the right pill, right time, right person. By partnering with pharmacies, payers, providers, and family caregivers, they help people live healthier, more vibrant, independent lives. If independence is freedom, then Ōmcare is liberating the essence of life and empowering independence in more ways than one each and every day. The Ōmcare Home Health Hub, scheduled for release in early 2021, offers caregivers of all types – physicians, pharmacists, and family – the ability to see, speak to, and confirm appropriate medication from anywhere. A variety of call center options will be offered to provide an added connection when a loved one or clinician cannot be there. After all, there’s no true substitution for connecting one-to-one.

Otrafy

Non Equity Assistance in 2020
Otrafy is a Quality Management Software that optimizes and administers vendor relationship for quality assurance departments.Helping food production facilities to reach compliance and regulatory requirements faster by minimizing and automating mundane, low value-added activities.

Inkit

Non Equity Assistance in 2019
Inkit Inc. is a technology company based in Minneapolis, Minnesota, specializing in direct mailing services for businesses. Founded in 2016, it offers an automated platform that enhances customer engagement through personalized campaigns and streamlined logistics. Inkit's services include address validation, automated direct mail, and the creation of paperless records of customer communications. Its solutions cater to a wide range of industries, including retail, ecommerce, financial services, and healthcare, enabling organizations to communicate effectively with their customers while maintaining compliance with security standards. The company's mission focuses on empowering businesses to optimize their customer outreach through innovative technology.

Traive

Non Equity Assistance in 2018
Traive Inc. operates an online lending platform that connects farmers with lenders, facilitating access to credit in the agricultural sector. Established in 2018 and headquartered in Saint Paul, Minnesota, with additional offices in São Paulo, Minneapolis, and Boston, Traive employs machine learning and big data to assess credit risk. The platform evaluates farmers' credit profiles using a comprehensive approach that goes beyond traditional credit scores, incorporating factors such as agronomic performance and market risks. This innovative analysis provides lenders with a diversified portfolio of borrowers while offering farmers more affordable funding options and reducing bureaucratic hurdles. By leveraging advanced technology, Traive aims to enhance financial accessibility within the agricultural industry.

Canomiks

Non Equity Assistance in 2018
Canomiks provides a genomics, bioinformatics and AI-based Product Superiority Platform that enables companies within the functional food and beverage, dietary supplement and skincare industries to create safe and efficacious products. Canomiks' long-term vision is to make food as medicine a reality.

SuraMedical

Grant in 2017
SuraMedical LLC is an early-stage startup founded in 2016 to research, develop and commercialize WoundAlert, a remote patient monitoring solution for chronic leg wounds, a debilitating condition impacting millions of Americans each year. SuraMedical also has an extensive established network of technical and commercial consultants who are experts in wound care reimbursement, FDA regulation, clinical research, patent law and healthcare compliance.

Rover Development

Grant in 2016
Rover develops new IoT concepts focused on consumer engagement with their everyday things . Rover Development has created the Jasha sensor - a very low cost RFID pressure sensor that resides within a tire, ball, or other inflatable. The sensor is completely powered and queried by the user's smartphone, right through the outside of the tire. No batteries needed! The sensor has been released and is currently available for evaluation and purchase.
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