MassChallenge Grabs $1M from MA

The state of Massachusetts has pledged to pump $1 million over the next four years into MassChallenge, the Boston-based nonprofit announced today. MassChallenge, which awarded $1 million across 16 startups in its inaugural startup competition last year, opened up its 2011 program today, with an application deadline of April 11. Greg caught up with MassChallenge CEO and co-founder John Harthorne earlier this year when he was ramping up fundraising efforts for the program and expected no state contributions at that time. MassChallenge also announced today that it has received additional contributions from new and existing supporters and will maintain its Seaport District office space through 2014, thanks to an extended agreement with the Fallon Management Company and MassMutual.

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.