October 31, 2017

AccelerateMass 2017 Now Open!

Mac Miller, Investment Fellow

The Massachusetts Clean Energy Center is pleased to announce that the new cycle of AccelerateMass is now open. 

AccelerateMass is a two-stage investment program that provides up to $150,000 in convertible notes to clean energy graduates of approved accelerator programs. The primary goal of the program is to support companies during a critical stage of development as they strive for commercialization.

Now in its third year, AccelerateMass has supported companies as they advance and commercialize clean energy technologies and business models. Through the program, the Investments division at MassCEC has awarded nearly $1 million to eight companies. In addition to financial support, the Investments team provides support through regular check-ins, milestone development, networking opportunities, and more. 

Who’s Eligible?

To be eligible for an AccelerateMass award, companies must have graduated from one of our eligible accelerators, and be based in Massachusetts/relocating here after the accelerator.

This year, we are excited to announce the addition of two new eligible accelerators: MIT’s delta v and Greentown Launch.

MIT’s delta v and Greentown Launch have been chosen for their programmatic strength and consistent output of high-quality start-ups. We look forward to working with more local and regional accelerators, and are excited to expand our reach and attract companies to Massachusetts through our accelerator partners.
    
Graduates from this year’s programs are encouraged to apply. If your company is eligible, and you think you might benefit from an AccelerateMass award, please visit our website to find application details. Applications are due November 11, 2017.

For additional questions, please contact Emil Mamedov, Senior Manager of Investments, at acceleratemass@masscec.com.

This year’s winners will be announced in January 2018. Good luck to all those who apply!