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MFN Western Massachusetts Health Technology Challenge Application

Deadline to apply is Friday, November 22

THE CHALLENGE

The Western Massachusetts Health Technology Challenge will accelerate up to eight early-stage companies operating in Berkshire, Franklin, Hampden, Hampshire, or Worcester Counties. Finalists will participate in acceleration workshops, work with expert mentors, and pitch their concepts to an audience of industry stakeholders and investors.

 

Expert judges will award a $50,000 Innovation Grant to the top team, and a $25,000 Innovation Grant to the runner-up.

 

This acceleration program is only for health tech companies that operate in Berkshire, Franklin, Hampden, Hampshire, or Worcester Counties in Massachusetts.

 

The challenge is funded in part by the Massachusetts Life Sciences Center, an economic development investment agency dedicated to supporting the growth and development of the life sciences in Massachusetts.

GENERAL INFORMATION:

YOUR NAME:
YOUR EMAIL ADDRESS:
YOUR PHONE NUMBER (MOBILE PREFERRED):
COMPANY NAME:
COMPANY WEBSITE (IF AVAILABLE):
COMPANY ADDRESS:

MARKET:

1. Explain who your customers are and the problem you seek to solve for them. *
2. Describe your company’s market (character and size). *

PRODUCT: 

1. Describe your product. *
2. Explain the benefits of your product and how it is differentiated from currently available alternatives. *
3. Do you have a prototype or an minimum viable product? *
4. What is your business model? *

ELIGIBILITY:

1. Challenge participants are required to propose business models that grow quickly, attract investment capital, and create jobs. Explain how your company will do this.
2. What are your goals for participating in this program?
3. Within the past year has your company earned more than $500,000 in annual sales?
4. Can your team attend all required workshops?  
1-3 pm on December 20, January 3, January 17, January 31, February 14 
5. How did you hear about the Challenge?

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MFN Deal Rooms are stored on MFN/Lever Google Workspace. Only the following people will have access to your Deal Room:

 

  1. You and any members of your team that you designate. You will have editing privileges, and can add others with editing privileges at your discretion.
  2. MFN/ Lever staff will have administrative access, but we will not give access to any third parties without your consent.
  3. Investors that you select.

 

Your Deal Room will have all of the security protections provided by Google.

Founders are everywhere, but resources aren’t.

That’s a shame, because the next big idea could come from anywhere.

 

The Massachusetts Founder Network aims to bridge the gap, giving startup founders equitable access to resources that will help their companies grow.

 

We support MA founders no matter where they come from, their company’s stage, or their business sector. We want to democratize access to the resources that will help them accelerate—and excel. All founders are welcome to find resources and community at MFN while creating connections, expanding their networks, and learning from one another.

About MFN

The Massachusetts Founders Network is a central hub for all things startups, fostering innovation and collaboration across the state. MFN offers valuable networking, resources, mentorship, and community for startup founders in Massachusetts. 

 

MFN is produced by Lever, a startup accelerator based in North Adams. Our work is supported by funding from and collaboration with the Massachusetts Technology Collaborative, based in Westborough.

 

We’ve been advising and connecting with entrepreneurs for years, and we’re using that knowledge and network to launch something new, with the help of an advisory board of successful founders and major players in the startup ecosystem. 

We plan to launch the Massachusetts Founders Network in summer 2023. Sign up for our newsletter to get alerts about our launch, new features, and MFN events!