MassChallenge
MassChallenge is a global nonprofit startup accelerator headquartered in Boston, Massachusetts, established in 2009. It supports early-stage entrepreneurs across various industries, including technology, healthcare, and social impact, by providing mentorship, resources, and networking opportunities. With locations in Israel, Mexico, Switzerland, Texas, and the UK, MassChallenge connects high-potential startups with industry experts and investors to foster innovation and facilitate growth. The accelerator operates on a non-equity model, allowing entrepreneurs to maintain full ownership of their companies while benefiting from strategic partnerships and tailored training programs. Through its diverse initiatives, such as targeted accelerator programs like MassChallenge HealthTech and FinTech, the organization aims to drive impactful change and enhance the global innovation ecosystem.
Past deals in Ethiopia
goTeff
Grant in 2019
GoTeff Superfoods is an agricultural development company focused on enhancing the productivity of teff farmers. By producing and promoting superfoods derived from teff, a nutritious grain native to Ethiopia, the company aims to empower local farmers and improve their yields. Through its initiatives, GoTeff not only supports the agricultural community but also provides customers with products that offer significant nutritional benefits and endurance.
Direct Coffee
Grant in 2017
Direct Coffee is dedicated to creating a lasting social impact in Africa by utilizing a business model focused on sustainability and community support. The company imports specialty coffee directly from smallholder farmers in Ethiopia, offering products in biodegradable Nespresso-compatible capsules, as whole beans, or ground coffee. Each purchase contributes to initiatives that support the children of coffee farmers, allowing customers to choose specific projects to fund. Additionally, Direct Coffee provides a flexible subscription service for B2C customers, ensuring they always have access to quality coffee while fostering a direct connection between consumers and the farmers who cultivate their beans.
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