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MassChallenge, a Boston-area nonprofit focused on encouraging innovation, is “convinced that entrepreneurship is the answer” for everything to unemployment to the housing crisis to pollution, in the words of CEO and co-founder John Harthorne.

To put its money where its mouth is, the organization is unleashing a global startup competition with $1 million available in award money. MassChallenge officially launched the contest Wednesday to a standing room-only crowd at the new Fan Pier building on Boston’s waterfront, which will also be the organization’s future home.

From now until June 11, early stage startups from around the world can register for the contest online. Immediately they’ll get access to online training, discounts on services, and access to a network of companies in similar positions. The organization will select 300 semi-finalists for in-person pitches in July.

To read the full, original article click on this link: MassChallenge Launches $1 Million Global Business Competition to Fuel State’s Innovation Economy | Xconomy

Author: Erin Kutz