Tech City UK Blog

 

Along with its first birthday, MassChallenge UK recently celebrated as it opened applications for the 2016 cohort joining the zero equity accelerator programme, and there’s just two weeks left. Here’s what MCUK brings

 

MassChallenge is the most startup-friendly accelerator on the planet. Ranked one of the top accelerators in the World by Seed Accelerators Rankings.

Working with early stage startups, MassChallenge connects them with mentors, partners and investors, while providing the most high-impact support during a 3-month accelerator programme in London.

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With individual cash prizes of up to £50k up on offer, as well as free office space, and a network any early stage startup could barely dream of, this really is an opportunity not to be missed.

Being a charity organisation, MassChallenge offers a unique opportunity to get all the business help and support you need to get off the ground for no equity, which means you’d be crazy not to give it a go!

What’s on offer?

  • a comprehensive curriculum of workshops, events, and mentoring
  • no-equity taken
  • individual cash prizes of up to £50k awarded to winning startups
  • free co-working space in London for 3 months (winners get even more!)
  • access to our world-class global network of partners and mentors
  • top backing by the world’s best known brands, including J.P. Morgan, IBM, ViiV, and BCG – and 100 more globally

Who can apply?

All early stage startups can enter MassChallenge UK from any industry, from anywhere in the world. Successful applicants will go through the accelerator programme starting in September, running through December at Tobacco Dock in London.

In order to apply, you need to have raised less than £300k investment (but can have raised any amount of grants), and have no more than £600k revenue p/a. You can be fundraising while you apply.

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Last years success stories

Paybox www.payboxapp.com

Overview: PayBox is a social payment network that simplifies the process of group payments.

Results: Processed over £4m worth of payments, had over 150,000 downloads, and was voted the Most Promising Fintech Company by Globes financial magazine.

 

Pronto www.pronto.co.uk  

Overview: Pronto is on a mission to change the food industry for the better by creating delicious, affordable, quality meals that are healthy enough to eat every day and available at the touch of a button.

Results: £1M First seed round; look out for their first ad campaign currently on the Tube!


Applications for MassChallenge UK close on 29 June 2016, so now is the time to take the first step to success. Use the code MCUKTechCityUK50 for 50% discount on the application fee.  Apply today at apply.masschallenge.org/uk

For more about MassChallenge, visit www.masschallenge.org