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 2019
Operator of a jeans brand intended to provide comfort and style to women's wardrobes. The company's jeans have deep subtle pockets to carry everyday essential items, like phones, keys, wallets, and more featuring technical fabric with performance features and also offers shoes, providing women with access to hand-crafted jeans, helping women to enhance their everyday lifestyle.
ADIFF, L.L.C., founded in 2016 and based in Brooklyn, New York, is a humanitarian fashion start-up that designs and manufactures innovative outerwear, including jackets, t-shirts, and hats. The company specializes in multipurpose and transformable products that are both functional and aesthetically appealing, catering to the unique needs of refugees. Its diverse range of jackets includes tent jackets, backpack jackets, and inflatable floatation jackets, which are designed for durability and adaptability in various environments. ADIFF operates on a donation-driven business model, where a portion of the profits from sales is allocated to support humanitarian initiatives, particularly aiding those displaced by crises. By addressing global issues through thoughtful design and large-scale donations, ADIFF aims to create awareness and provide essential items to those in need while also offering consumers exclusive and innovative products.
Tranquilo, Inc. specializes in designing and manufacturing portable vibrating mats that assist parents in soothing their babies and promoting better sleep. Founded in 2015 and headquartered in Tampa, Florida, the company offers a lightweight, easy-to-carry mat that mimics the sounds and motions of a mother's womb, making it ideal for on-the-go families. The product aims to foster a tranquil environment, helping infants calm down and fall asleep more quickly, which can enhance the bonding experience between parents and their children. As of late 2018, Tranquilo operates as a subsidiary of Baby Boom Consumer Products, Inc.
Distran GmbH, founded in 2013 and based in Zurich, Switzerland, specializes in the development of advanced acoustic sensors designed to detect leaks in real-time from a safe distance. As a spin-off from the Autonomous System Lab at ETH Zurich, the company focuses on enhancing industrial safety and minimizing environmental impact through innovative sound sensing technology. Distran's phased-array sensors address the limitations of traditional acoustic sensors, which often struggle with background noise in industrial settings. By spatially filtering sounds, these sensors enable the precise localization of defects, such as leaks and discharges, thereby reducing risks for workers and promoting safer industrial practices.
Unshrinkit is a patent-pending liquid solution that helps people gently unshrink their wool clothes back up to their original size.
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