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MassChallenge 2012: Innovation. High impact. $1M.

Babson is once again proud to sponsor MassChallenge in its mission to catalyze a startup renaissance. The global competition, about to begin its third season, is the largest-ever startup competition and accelerator program. MassChallenge 2011 received over 730 applications from 24 countries and 34 states.

In the midst of a harsh economic recession and a debilitating job market, MassChallenge 2010 Alumni raised more than $100M in capital and created more than 500 new jobs in under 12 months after joining MassChallenge. President Obama recently recognized this success, calling MassChallenge one of the most effective organizations to support entrepreneurs.

Moreover, MassChallenge awards $1M annually with no-strings-attached. The program is an opportunity for entrepreneurs to dramatically accelerate their startups through community, education and mentorship, without sacrificing any equity. Instead, MassChallenge entrepreneurs freely benefit from business tools and free office space while connecting with a fantastic network of mentors, funding sources, media representatives and fellow entrepreneurs.

The 2012 Startup Competition and Accelerator launches March 1 and the application deadline is April 11. Whether you’re an entrepreneur, investor, or startup enthusiast, be sure to check out and join the startup renaissance.