2011 Mass Challenge Finalists Includes 14 Babson Student/Alumni Businesses

14 of the 125 finalists vying for $1M in prize money at the 2011 Mass Challenge are Babson-related businesses.

14 businesses started by Babson alumni and students are among the 119 finalists for the 2011 Mass Challenge, out of 300 semi-finalists.

MassChallenge is a non-profit organization that connects early stage entrepreneurs to the resources they need to launch high-growth, high-impact businesses immediately. Every entrant, not just the winners, receives access to workshops, mentors, executives, other team members and sources of funding. Experts from the Massachusetts ecosystem will identify the highest potential startups, which will receive cash prizes and will qualify for privileged access to funding sources from across Massachusetts. The exact number and amount of prizes will depend on the judges, who expect to award 15-20 prizes of $50K-100K, totaling $1million of prize money.

The Babson businesses among the finalists are:
  • AltrUHelp, Mathew Paisner M’12
  • Blank Label, Fan Bi ‘09
  • Cocomama, Sara Gragnolati M’10, and Zachary DeAngelo M’10
  • Day2Night Convertible Heels, Candice Cabe M‘10
  • Down to Earth Waste Solutions, Nik Beisert ‘11
  • Go GaGa, Jill Cartwright M’07
  • iPresent Communications, Carmen Ferrara M‘06
  • Learning Unlimited, Scott Meyer ‘07
  • MessageAMP, John Clark ‘09, and Domenic Manganelli ‘09
  • Redeemr, Tim Chae, ‘13, and Mike Maghsoudi ‘13
  • RFvenue, Christopher Regan M’13
  • Swellr, Shonak Patel ‘06
  • Textaurant, Josh Bob M‘08
  • ThinkLite, Dinesh Wadhwani ‘12, and Enrico Palmerino ‘11
The finalists will move into the Accelerator Stage through October 1 where they will be connected with relevant resources, and will participate in workshops, networking events, and social activities.

Each team is granted free office space and is paired with a law firm for free advice. They will also be paired with mentors to:
  • Define goals and milestones
  • Connect with other resources
  • Execute toward goals
  • Prepare for final pitches

Final judging takes place between October 3 and 17, and winners will be announced October 20, 2011.

Visit the competition timeline here: http://masschallenge.org/accelerator/timeline.

Babson College in Wellesley, Mass., is recognized internationally as a leader in entrepreneurial management education. Babson grants BS degrees through its innovative undergraduate program, and grants MBA and custom MS and MBA degrees through the F.W. Olin Graduate School of Business at Babson College. Babson Executive Education offers executive development programs to experienced managers worldwide. For information, visit www.babson.edu.

By Nancy Sullivan, 781-239-4623, sullivann@babson.edu  | 5/26/2011 12:00 AM