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.

Cait Brumme

Acting CEO

Nick Dougherty

Managing Director, MassChallenge HealthTech

Siobhan Dullea

CEO

Matt Lashmar

Managing Director

Camila Lecaros

Managing Director

Yonit Serkin

Managing Director

Devon Sherman

Founding Director, Head of MassChallenge FinTech

Michelle Williams

Vice President and Head of Texas Strategy

Past deals in Ghana

Ecovon

Non Equity Assistance in 2024
Ecovon believe that there is a better way of making building materials. That is why we are focusing our energy on completely rethinking and re-designing how the new generation of building materials is made. Ecovon are developing sustainably sourced, newly engineered wood made from coconut husk and sugar cane bagasse, supplying the global market with a formaldehyde-free bio-based wood alternative that are better for people and planet. Ecovon will bring the first non-additive, bio-based, renewable wood product to market which is naturally flame retardant and anti-fungal without added binders (glues). The physical properties are better than comparable engineered woods on the market currently, all which use additives and heavy chemicals to reach additional flame retardant properties while reducing our CO2 footprint, deforestation and enriching the lives of locals in coconut and sugarcane producing developing countries such as Ghana. The board material has been shown to exhibit excellent properties, which are comparable with or even superior to commercial wood based panels. Our product is stronger and more durable, priced considerably less, and greener. Coconut husk has the highest lignin content of any known plant and this helps the raw material to bind into a hard board without the addition of any damaging glue or binder. Due to its strength the board has the potential to be used for structural elements in buildings. It also has natural anti-fungal properties and burns three times slower than wood. The method is sustainable and environmentally friendly. The residual material of the coconut is used in its entirety. It is a good alternative to wood and helps to prevent deforestation. During production, glue and chemical agents do not need to be added. Furthermore, the production is CO2 neutral. It is inexpensive. The glue that has to be added when boards based on wood fibre are made contributes to one third of the total production costs. Glue is not required to process coconut husk into board material. It can form an extra source of income for farmers in developing countries

Codeln

Non Equity Assistance in 2021
Codeln is a technical recruitment platform based in Ghana that specializes in connecting companies with skilled software developers. Founded in 2017, the platform automates the recruitment process, significantly reducing the time and effort involved in hiring while minimizing the risk of bad hires. Codeln accomplishes this through a comprehensive talent sourcing approach, offering an online marketplace of pre-vetted developers and sourcing candidates from certified tech training institutions. The company emphasizes the importance of skill validation by utilizing a testing platform that assesses candidates through project-based evaluations, which are conducted in an integrated development environment. This process ensures that the coding skills of potential employees are verified against industry standards, thereby facilitating informed hiring decisions for organizations seeking to enhance their technical workforce.

Cocoa360

Grant in 2017
Cocoa360 is a 501(c)3 that empowers lives in rural Ghana. Using an innovative approach to female education and rural empowerment, they employ a financial model that capitalizes on the agricultural and vocational skills found in farming communities.
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