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 2018
Tuverl is an app that seeks to make Public Transport cheaper and more accessible to millions of commuters across Africa by helping Public Transport Operators optimize their routes, reduce operational costs and increase revenue. Tuverl leverages Cloud Computing, Data Analytics, Geolocation, FinTech, and Machine Learning to improve and optimize Public Transport and fundamentally change how commuters in African countries pay for it, starting with Zimbabwe. We have 2 Mobile Applications, a Commuter App for commuters and an Operator App for Public Transport Operators. Using the Tuverl App, Commuters can live track intracity buses and minibuses, book intercity trips on buses, hail a Taxi on demand, and pay for their Public Transportation using local fintech solutions. Commuters can rate and review their trips creating a transparent industry that fosters quality customer service. The Tuverl Operator App empowers Drivers and Operators with tools to broadcast the live locations of their vehicles, manage their fleets, and process fares digitally. This helps these two stakeholders to increase the number of commuters per trip, increase the number of trips per day and reduce the usage of resources like fuel and man-hours that are wasted by randomly searching for commuters. Our work seeks to promote Sustainable Development Goal 11: Sustainable Cities and Communities. Our vision is to support smart, resilient, and sustainable cities and communities in African countries by improving Urban mobility and public transportation.
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