About MassChallenge

Founded in 2009, MassChallenge is a global non-profit gas pedal headquartered in Boston, USA. Since its inception, MassChallenge has always adhered to the “zero-equity” model, i.e., it does not receive any shares from startups, but rather helps startups grow and promotes global entrepreneurship, innovation and industrial upgrading through financial support, mentorship, and industry resource matching. After more than 10 years of development, MassChallenge has established a wide range of innovation and entrepreneurship networks around the world, and currently has branches in 12 countries and regions, including the United States (Boston, Austin, Rhode Island), Switzerland, Israel, Mexico, the United Kingdom, India, Australia, etc., which have built an innovation and entrepreneurship ecosystem covering the whole world and provided all-around support for global startups.

In 2017, MassChallenge officially set up a branch in the canton of Vaud, Switzerland, and has rapidly developed into one of the most influential startup incubation centers in Europe. Since its establishment, MassChallenge Switzerland has supported more than 720 startups, raised more than CHF 1.2 billion and created more than 50,000 jobs. At the same time, the organization attaches great importance to sustainable development, guiding companies to fulfill their social responsibility and promoting green technology innovation during the startup acceleration process. According to the data, MassChallenge-supported enterprises can reduce or avoid 8.3M tons of carbon dioxide emissions annually, playing an active role in combating global climate change and promoting the transformation of green and low-carbon industries.

Relying on its extensive industry resources, mentor network and enterprise cooperation, MassChallenge has established an efficient innovation incubation platform to provide startups with full-process support from early incubation to industrialization and landing. Currently, the organization has a global mentor team of more than 400 industry experts, and has established long-term strategic partnerships with more than 20 global leading companies, including Nestlé, Bühler, Givaudan, Louis Dreyfus, DSM-Firmenich and other well-known companies. MassChallenge helps startups accelerate product development, optimize business models, and promote the industrialization of innovative achievements through collaborative innovation, technology sharing, and market resource docking.

As one of the most influential non-profit gas pedals in the world, MassChallenge will join hands with Sino-Swiss Institute of Advanced Technology (SIAT) to focus on innovation and industrialization in the Chinese market. In the future, both parties will rely on MassChallenge's global innovation network and the localization advantages of Sino-Swiss Institute of Advanced Technology to deepen cooperation in the fields of sustainable development, scientific and technological innovation and social value creation, actively promote the development of high-potential startups in China, and build a comprehensive entrepreneurial support system, with a focus on areas such as clean energy, medical and healthcare, artificial intelligence, advanced manufacturing, etc., to help China take a more prominent place in the global innovation ecosystem. China will occupy a more important position in the global innovation ecosystem.