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2011 01-31 mass challenge overview and metrics (1)
2011 01-31 mass challenge overview and metrics (1)
2011 01-31 mass challenge overview and metrics (1)
2011 01-31 mass challenge overview and metrics (1)
2011 01-31 mass challenge overview and metrics (1)
2011 01-31 mass challenge overview and metrics (1)
2011 01-31 mass challenge overview and metrics (1)
2011 01-31 mass challenge overview and metrics (1)
2011 01-31 mass challenge overview and metrics (1)
2011 01-31 mass challenge overview and metrics (1)
2011 01-31 mass challenge overview and metrics (1)
2011 01-31 mass challenge overview and metrics (1)
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2011 01-31 mass challenge overview and metrics (1)

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Overview and metrics of 2010 competition.

Overview and metrics of 2010 competition.

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Transcript

  • 1. Overview and 2010 metrics
    MassChallenge overview and 2010 metrics
    January 2011
    January 2010
  • 2. 1
    MassChallengeis fostering innovation and growth via a global startup competition
  • 3. The startup competition connects innovators with supporters and resources throughout
    2011 Competition Dates
    Jan 2011
    Prepare MassChallenge
    March 8
    Accept applications
    & prepare entrants
    April 11
    2 rounds of judging
    May 24
    Prepare finalistsfor accelerator
    June 20
    Accelerate
    finalists
    Oct 1
    Final Judging
    Final ceremony
    Oct 20
    Engage all participants and alumni
    2
  • 4. In year 1, MassChallenge was largest competition & accelerator ever: 446 entrants and 111 finalists
    MassChallenge launch event with Governor Deval Patrick, Boston Mayor Thomas Menino, and passionate innovators.
    • Largest-ever startup competition and accelerator
    • 5. 446 applicant startups from 26 countries and 24 states
    • 6. Over 250 different judges and mentors participated
    • 7. Concierge-like support for 111 startups
    • 8. Office space, mentorship, press/media support and much more
    • 9. Satisfaction rates among finalists higher than for Apple customers
    • 10. Millions of dollars in funding facilitated
    • 11. $1M in cash prizes across 16 winners
    • 12. Connections resulting in significant angel and VC financing
    3
  • 13. In first year, MassChallenge secured support from leaders in each area of MA innovation ecosystem
    4
    Government
    Entrepreneurs
    Angels & VCs
    MassChallengeStartup Catalyst
    People
    Businesses &Foundations
    Universities
  • 14. 5
    MassChallenge Accelerator: 111 startups, 22K+ ft2 office space, 200+ mentors, $1M in grants
    446 applications received
    • 22,000+ ft2 shared office space
    • 15. 330+ people in 111 startups
    • 16. 5,000+ hours of mentoring
    • 17. 200+ mentors
    • 18. 10+ new companies incorporated
    • 19. 300+ judges & mentors engaged
    • 20. $20M+ external funding secured by startups by Jan 31, 2011
    • 21. ~300 jobs created by startups by Jan 31, 2011
    Aug-Oct
    Accelerator
    111 startups mentored
    Oct. 21
    Final Ceremony
    $1M awarded
    April 2011
    6 month review
    Updated metrics TBD
  • 22. 446 teams applied to enter MassChallenge, representing 26 countries and 24 states
    446 startups = world’s largest Startup Competition
    Notes: All values self-reported based on “primary industry” and “current headquarters”.
    6
  • 23. Expert judges selected 111 finalists to participate in the 3 month MassChallenge accelerator program
    111 startups = world’s largest Startup Accelerator
    Notes: All values self-reported based on “primary industry” and “current headquarters”.
    7
  • 24. Feedback from startups very positive, with finalist satisfaction exceeding Apple customer enthusiasm
    Net Promoter Score = % promoters - % detractors
    Net Promoter Score (NPS) US leaders (2010)
    "How likely would you be to recommend MassChallenge to a friend?" (10 = most likely)
    N=46
    78.3%
    Notes: MassChallenge NPS calculated from data collected in Jan 2011 finalist survey
    Comparative NPS data from: http://www.netpromoter.com/np/compare.jsp
    8
  • 29. MassChallenge organized 250+ events in 2010, fostering connections and educating 5,000+ people
    Events Organized by MassChallengein 2010
    How satisfied are you with your current ACCESS to each of the following? (10 most satisfied)
    Notes: Before data from April 2010 (N=86),after data from November 2010 (N=49)
    9
  • 30. Finalists indicate improved access to key resources, especially to peers and funding sources
    How satisfied are you with your current ACCESSto each of the following? (10 most satisfied)
    +32%
    +34%
    +22%
    +16%
    Notes: Before data from April 2010 (N=86),after data from November 2010 (N=49)
    10
  • 31. Finalists credit MassChallenge with increasing their access, especially those that engaged actively
    11
    To what extent has MassChallenge improved your access to key resources? (10 being very significantly)
    ~30% better improvement for engaged teams
    Notes: Before data from April 2010 (N=65),after data from November 2010 (N=48)

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