MassChallenge Texas Announces Expansion into North Texas | Texas News


DALLAS, January 28, 2022 /PRNewswire/ — MassChallenge, the global network for innovators, has announced its expansion into the north texas market to continue the efforts of the association Texas a global destination for innovators by 2025. In partnership with Lyda Hill Philanthropies, the expansion is part of the future development of Pegasus Park, a center for innovation and social impact in dallas designed to stimulate local innovation in biotechnology, non-profit organizations and businesses.

“The collaborative effort that has gone into this expansion and the introduction of MassChallenge into the north texas market is an encouraging step for our innovation community,” said Trey Bowels, DEC Network Co-Founder and Co-Chair of the dallas Mayor’s Task Force on Innovation and Entrepreneurship. “The biotechnology and life sciences industries in the region are growing rapidly, and now is the perfect time for MassChallenge and North Texas founding partner Lyda Hill Philanthropies to help bring together emerging entrepreneurs within from a centralized hub in Pegasus Park.MassChallenge has a global network and resources coupled with the dynamic ecosystem in the north texas community to help startups scale and grow their businesses. »

Jon Nordbycommunity and ecosystem manager at MassChallenge, addressed a group of community leaders at the launch event on January 27, 2022 and shared how this expansion and the development of the relationship with Lyda Hill Philanthropies will strengthen the relationship and its presence in the region’s growing biotech industry.

“The north texas The ecosystem is at a unique time to capitalize on an incredible opportunity that has grown over the past few years. Entrepreneurs around the world will find that more Dallas-Fort Worth The region represents compelling and differentiated industries that welcome disruption,” Nordby said. “There is substantial growth in the biotechnology industry as well as 5G and human potential related to sport and security, and the region has a large defense and logistics sector where we can offer a innovation expertise. This expansion, for us, fulfills our vision to connect the Texas Triangle and open doors for startups around the world who are focused on building solutions in these industries, and beyond.”

By establishing a footprint in the region and strengthening the community, MassChallenge will scale up its operations by attracting early resources to the network and collecting relevant data from local business leaders. Over the next 3-5 years, MassChallenge plans to verify industry clusters and transition that are functioning into startups that will have a significant impact on companies’ innovation pipelines. Pegasus Park will host a MassChallenge startup accelerator program with a high percentage of biotech/life science startups. Additional programs including market access events, alumni reunions, industry-specific tracks, and pathways to the MassChallenge HealthTech challenge program will also be supported.

“Finding bold, long-term solutions from the science innovators that MassChallenge will attract and support in north texas is more critical than ever,” said Lyda’s Hill, entrepreneur and founder of Lyda Hill Philanthropies. “Their presence is a signal of our region’s rich history of supporting entrepreneurs and will increase North Texas’ reputation for scientific and medical innovation.

This expansion announcement was accompanied by an in-person pitch competition that showcased top entrepreneurs and their startups from around the world. north texas region. The startups that participated represent the health and life sciences industries and are innovating in biotechnology, wearable devices, patented infant therapies, ADHD solutions, and even health-focused sports drinks. Winners secured a spot in the MassChallenge 2022 Starter Program and Avsana Labs was named the Grand Prize Winner and walked away with $10,000 in cash without shares.

Since 2017, MassChallenge has used its proven capital-free model to develop the Texas ecosystem by connecting startups with mentors, experts and partners to foster the development of new ideas and emerging innovative solutions.

About MassChallenge

MassChallenge is the global network of innovators. Based at United States With seven locations around the world, MassChallenge equips bold entrepreneurs to disrupt the status quo and create meaningful change. Since its launch in 2009, more than 2,900 startups have participated in a MassChallenge program and nonprofits have awarded more than $17M in cash prizes without equity. Learn more about MassChallenge at masschallenge.org.

About Lyda Hill Philanthropies

Lyda Hill Philanthropies encompasses charitable giving for founder Lyda’s Hill and understands his foundation and his personal philanthropy. The organization is committed to funding transformational advances in science and nature, empowering nonprofits, and improving the Texas and Colorado communities. Because Miss Hill A firm believer that “science is the answer” to many of life’s toughest problems, she chose to donate her entire estate to philanthropy and scientific research.

Media Contact: Abby Mills[email protected], 212-994-7651

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SOURCE MassChallenge

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