MassChallenge is the new startup accelerator that opened its activity in these days in Jerusalem in the Mahane Yehuda neighborhood.

48 new startups from around the world have been admitted to a special program: in addition to benefit from the general working conditions dates from an accelerator will participate in training courses and will have significant contacts with professional partners both in Israel and in other countries.

The end of program will be on 27 October and during the closing ceremony will be awarded prizes for a total of 1 million NIS (approximately 240,000 euro) to all those companies that will be marked for the innovation of their projects.

45% of eligible companies from industry-tech, 20% from the field of life sciences and 10% from activities inherent in the social sphere.

The MassChallenge is an accelerator nonprofit active in the United States, Great Britain, Switzerland and Israel.

Over the past six years they have been eligible to take part 835 companies from around the world getting financing for 1 million dollars (830 million euro approx) and there were created 8500 new jobs.


Source: medNews