BABSON COLLEGE/MASSCHALLENGE CELEBRATE BABSON GRADUATE STUDENT HATCHERY SPACE IN BOSTON’S INNOVATION DISTRICT
Babson College and MassChallenge celebrated the opening of Babson’s Graduate Student Hatchery Space in Boston’s Innovation District with ceremonies March 3rd at the MassChallenge site at One Marina Park Drive (55 Northern Ave) on Boston’s waterfront.
“Babson College is excited to establish a Graduate Student Business Hatchery at MassChallenge in the heart of Boston’s Innovation District,” said Raghu Tadepalli, Murata Dean of the F.W. Olin Graduate School of Business at Babson College. “Last year, more than one dozen Babson businesses benefitted from their involvement in the MassChallenge 2010 Competition. Because of that experience, Babson and MassChallenge have decided to create an ongoing opportunity for Babson startups to join the entrepreneurial ecosystem in the Innovation District. This is our first step in what we hope will be a larger role in the Innovation District.”
Prof. Brush at opening ceremonies of Babson Hatchery at MassChallenge.
Babson MassChallenge Hatchery
As part of the Babson Venture Accelerator, Hatcheries provide a vibrant atmosphere conducive to sharing ideas and information among student teams, faculty, executives-in-residence and visiting entrepreneurs. The Hatcheries function like incubators where student entrepreneurs have access to professional and semiprivate workspace to grow their businesses. Student businesses go through an application process before they are selected. Teams are awarded space in the Hatcheries one term at a time.
MassChallenge is the world’s largest startup competition and accelerator with $1M in prize money. The 2011 competition will officially launch on March 7, with the deadline for applications April 11. Every entrant receives training, feedback, PR and networking support via experts, and the highest-potential startups receive 3 months of intensive mentorship and free services in 22,000 sq ft of premium office space. The 2011 accelerator phase will take place from July through September and winners will be announced on October 20. The competition is open to anyone in the world, with any startup, in any industry. MassChallenge does not take an equity stake in the startups
Babson MBA MassChallenge Hatchery Spring Semester Startups
AdaptiveAlgo (Srikanth Krishnamurthy M’11) – AdaptiveAlgo is an online, on-the-fly, adaptive analytics platform that incorporates the latest market information and provides investment managers real-time analytics to help make informed decisions.
AltrUHelp (Mathew Paisner M’12) – AltrUHelp is an online social experiment aiming to prove that if given the proper platform, humans naturally enjoy helping each other because altruism is central to the brain and pleasurable. Our website is under construction but we are planning to launch the beta this Spring.
Banyan Buildings (Tom Lovett M'11) - Banyan Buildings LLC is a consulting firm focused on reducing the operating costs of our clients through energy efficiency and sustainability initiatives.
Cocomama Foods (Sara Gragnolati M’10 and Zachary D’Angelo M’10) – Cocomama is a nutrition-based, gluten-free food brand that uses ancient grains to make healthy, delicious products.
Fetchmob (Alisa Boguslavskaya ’05, M’11) – Fetchmob com allows you to buy things without shopping for them.
Four Walls Real Estate (Tim Walls M’12) – providing exquisite homes, and innovative home buying experiences in Boston's MetroWest community.
JD & JP Medical Design (Jeff D’Agostino M’11 and Johnny Pryor) – JD & JP Medical Design is dedicated to developing novel solutions to advance the treatment of minimally invasive vascular disease.
KokoBerna (Belinda Ephraim M’11) - 7 million highly affluent multicultural consumers are frustrated with general market skin care products, which contain hormone-disruptive chemicals that do not resolve their unique skin care needs. KokoBerna develops and markets proprietary skin care products that target these consumers’ unique skin care needs using bioactive ingredients that are kosher, natural, organic and fair-trade certified.
Mandarin Cube (Liqiang Tou M’11, Qing Zhao M’10) – An innovative cube Mandarin teaching service provider to prepare Americans ready for the future, one cube at a time.
Modapt (Mark Lederhos M’11) – Modapt, a software product operating in a cloud computing environment, facilitates and manages the live conversion of websites for optimal display and interaction on mobile phone browsers.
Nightjockey (Kyle Cooke M’11) - Nightjockey is a mobile app dedicated to real-time dinner and drink specials created by local bars and restaurants for consumers to use on the go.
Performant Ventures (Gaurav M’11, Luke Cooper M’11, Mark Crawford) – PV is a seed stage venture fund, focused on commercializing outstanding and promising technologies. PV is focused on making investments in lower middle-market companies in variety of sectors.
VitaFlavor (Michael Kasseris ’11) – VitaFlavor is an organic flavor enhanced vitamin powder that can be incorporated into the rice and grain cooking process to bring essential vitamin and minerals to people’s diets in the developing world.