Mintz Levin’s Incubators and Accelerators Guide

Public Resources for Massachusetts Entrepreneurs



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Cambridge Innovation Center

Application Deadline:  Open application.

Funding Opportunity:  Cambridge Innovation Center (CIC) helps startups by setting up and managing their office for them so they can focus on their business. More than 1,400 companies have chosen CIC as their home. More than $1.8 billion of venture capital has been invested in companies that were headquartered at CIC. CIC now houses over 800 companies, most of them startups. CIC Cambridge offers a range of flexible work spaces for one to 20+ person teams. Whether you need a dedicated desk, team table, or private office for your growing company, you will have access to work spaces and amenities tailored to fit your needs. On average, prices for dedicated desks start at $730 per month, and private office space ranges from $1,100 to $1,500 per person per month. This rate includes unlimited access to the work site, fast and reliable internet, access to CIC sites around the world, concierge services, unmetered access to conferences rooms, fully stocked kitchens, unmetered printing, scanning, copying and faxing, and over 60 diverse events each month.  CIC also offers a Boston location. Right off the subway and ten minutes from the airport, CIC Boston serves as a centralized hub for entrepreneurs within the Back Bay, Beacon Hill, Chinatown, or North End neighborhoods. CIC Boston's coworking spaces are based out of the 15th floor of 50 Milk Street and are operated by three specialized community teams. At a rate of $375 per person per month, you will have your choice of available flexible desks on the floor. Coworking memberships are all-inclusive. CIC Boston offers a range of flexible work spaces for one to 20+ person teams. Whether you need a dedicated desk, team table, or private office for your growing company, you will have access to work spaces and amenities tailored to fit your needs. On average, prices for private work space range from $750 to $1,400 per person per month. This rate includes unlimited internet access, unlimited access to the work site, access to CIC Cambridge, St. Louis, Miami, and Rotterdam, concierge services, umetered access to conference rooms, access to more than 50 events per month, unmetered printing, scanning, faxing, and copying, and fully stocked kitchens and coffee.

Requirements:

  • Must schedule a tour to meet with representatives from CIC.
  • CIC is industry and growth-stage agnostic, but requires tours determine if CIC will be a fit for your company and your company will be a fit for CIC.

Industry Specific:  No.


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Cambridge Biolabs: LabCentral

Application Deadline:  Open application.

Funding Opportunity:  A 70,000 square-foot facility in the heart of the Kendall Square, Cambridge, biotech innovation hub, LabCentral is a first-of-its-kind shared laboratory space designed as a launchpad for high-potential life-sciences and biotech startups. It offers fully permitted laboratory and office space for as many as 60 startups comprising approximately 200 scientists and entrepreneurs. LabCentral provides first-class facility and administrative support, skilled laboratory personnel, a domain-relevant expert speaker series ‒ as well as the other critical services and support that early-stage companies need to begin laboratory operations on day one. A private, nonprofit institution, LabCentral was funded in part by two $5 million grants from the Massachusetts Life Sciences Center, with support from its real-estate partner, MIT. LabCentral provides month to month, fully functional lab space, permits, waste handling, plus all reasonably common lab equipment for bio-research. Access to conference rooms, event space, and kitchens is also included. In addition, LabCentral hosts a large amount of programming specific to the interests of life-sciences startups. Monthly costs range from $425 for resident fees to $4,645 for individual lab benches.

Requirements:

  • LabCentral accepts high-potential applicants consistent with its mission to create the next generation of powerhouse biotech companies.
  • LabCentral focuses on supporting the entrepreneurial, early- to mid-stage activities of true startup companies.
  • The selection committee reviews applications and interviews companies to assure that they meet the standards for high-impact science, promising execution, and equally important, fit.
  • Startups must show a willingness and capacity to operate within the LabCentral shared community.
  • LabCentral's primary location (700 Main Street) does not accept applicants that have already raised more than $7.5 million of capital or those that have trailing 12-month revenue of more than $3 million.
  • LabCentral 610, located steps away, accepts applications from all companies regardless of funding and revenue stream.

  

Industry Specific:  Life sciences and biotech companies.


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CreaGen Life Science Incubator 

Application Deadline:  Open application.

Funding Opportunity: CreaGen Life Science Incubator (C2I) is a flexible and affordable chemistry-focused facility located in Woburn, Massachusetts.  C2I currently is the home to 9 start-ups and is undergoing a major renovation and expansion over the next 12 months with the goal to provide more than 30 life science entrepreneurs a place to call home and all the resources critical for them to conduct proof-of-concept research and develop their inventions into future commercial products. C2I offers a dedicated chemistry facility and is adding much requested furnished biology laboratories and additional office spaces.  The current complex features 7,000 sq. ft of labs and 10,000 sq. ft of office space in addition to shared and private workstations, conference rooms, kitchen-dining areas and ample free parking. C2I offers direct access to a network of professional services, advisors, consultants, and investors to support its tenants throughout their stay.  C2I allows scientists and entrepreneurs a plug-and-play facility with permitted labs and office space designed for growth, and common area to facilitate interaction and collaboration.  The ability to access fully equipped drug discovery chemistry labs and a soon-to-be-finished biology facility, with the basic needs to conduct POC studies, is what CreaGen prides itself on, as it allows tenants easy access to the instruments they need to create their products. 

Requirements: 

  • C2I does not evaluate each candidate to determine if they will succeed.
  • C2I welcomes all entrepreneurs and gives them a fighting chance to validate their concept.

Industry Specific:  Life sciences companies.


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Entrepreneurship for All Business Accelerator

Application Deadline:  The 2018 Cape Cod Fall Accelerator deadline is August 26, 2018. Applications for the next accelerator programs will have deadlines in January 2019 but have not been announced yet.

Funding Opportunity:  Entrepreneurship for All (EforAll), has developed an innovative small business/nonprofit accelerator to foster entrepreneurial growth in mid-sized cities. The programs introduce and celebrate entrepreneurship into the local culture using pitch contests and other public events, foster community engagement by utilizing community members and leaders as experts, judges, mentors, leadership advisory board members and by partnering with other community groups, prepare entrepreneurs for the many responsibilities they will face, using a year-long accelerator program that starts with a 12-week intensive session, support entrepreneurs by providing a mentor team, advice and guidance and a built-in professional network, invest in the most promising ventures through monetary incentives and awards, and celebrate success and inspire others through award celebrations and outreach. EforAll Finalists receive three months of incredible mentorship and weekly workshops, free office space, access to technical experts, and the opportunity to compete for $20,000 in cash prizes to launch a business.  Finalists receive 9 months of additional support after the accelerator ends.

Requirements: 

  • For applicants beginning a business, the applicant must not have received more than $25,000 outside funding and be in a pilot stage or working with beta customers.
  • For applicants with just an idea, the applicant must have done significant research that demonstrates their understanding of the target market and a way to reach them.
  • EforAll looks for applicants that are:
    • Able to commit to fully participate in the program;
    • Passionate about their idea or business – and their actions and results reflect this;
    • Invested in the business or non-profit become self-sustaining; and
    • Desire to positively impact community and society. Impact comes in many ways, including generating income for one or more employees, addressing societal problems, improving the environment, etc.

Industry Specific:  No.


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MassChallenge Accelerators

Application Deadline: Applications for MassChallenge FinTech open in September 2018 and close in October 2018.  The 2018 deadlines for MassChallenge Boston and PULSE@MassChallenge have passed.  These applications will reopen in 2019.

Funding Opportunity: Headquartered in the United States with locations in Boston, Israel, Mexico, Switzerland, Texas, and the UK - and with a vertical program in digital health - MassChallenge is committed to strengthening the global innovation ecosystem by accelerating high-potential startups across all industries, from anywhere in the world.  Each year, MassChallenge accelerates the most startups in the world through its zero-equity, competition-based model. The selective four-month program connects participants to up to $3M USD globally in cash prizes, an established international community of startups, world-class mentoring from industry experts, tailored programming, and unrivaled access to corporate partners. In Massachusetts, MassChallenge offers three accelerators: MassChallenge Boston, PULSE@MassChallenge, and MassChallenge FinTech.

Requirements: 

  • For the early-stage accelerator programs, MassChallenge accepts applications for early stage startups across all industries, from anywhere in the world. If your startup has raised less than $500K in equity-based funding, generated less than $1M in revenue in the last 12 months, and is set to make a big impact in your industry or on the world, you’re the kind of entrepreneur that MassChallenge desires.
  • For the vertical program, MassChallenge accepts applications from industry-focused startups that have raised less than $5M in equity-based funding and generated less than $5M in revenue in the last 12 months. If your startup exceeds these guidelines, MassChallenge still recommends that you apply for the accelerator program. There will be an opportunity on the application for you to provide more information about your current funding amounts. Prospective startups should be developed enough to work collaboratively with a large business or institution

Industry Specific: No.


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North Shore InnoVentures

Application Deadline:  Open application.

Funding Opportunity:  North Shore InnoVentures (NSIV) is a non-profit technology business incubator helping biotech and cleantech startups increase their probability of success.  Located in Beverly, MA, NSIV is dedicated to innovation, entrepreneurship and economic development through fostering life sciences and cleantech companies. NSIV’s collaborative business model allows it to provide promising young companies with office space, shared laboratories and equipment, sponsored professional services, successful entrepreneur mentors, and investor advisers. Together NSIV helps its member companies refine their business strategies, conserve capital, build strong teams, and achieve development and funding milestones.  NSIV is supported in part by state and federal grants, as well as corporate sponsors and donors, which help subsidize the facilities and services offered. The Incubator is priced to keep you cost-competitive and capital efficient, based upon your needs for space and support, and NSIV does not take equity.  Monthly pricing ranges from a simple $750 for access to support services to around $3,000 for a basic lab setup for up to 2 people. Larger spaces and access to specialized equipment add additional fees.

Requirements: 

  • Very selective application process
  • NSIV will review and invite you in for a preliminary interview and tour with staff and/or members of its selection committee after the completion of an application.
  • Selected candidates will undergo a 2-hour Executive Review and Needs Assessment .

Industry Specific:  Cleantech and biotech companies.


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Quincy Center for Innovation 

Application Deadline: Open application.

Funding Opportunity:  Quincy Center for Innovation (QCI) is a non-profit organization that provides a creative and collaborative working environment that supports early stage startups. In addition to flexible office space, program entrants of the QCI have access to mentoring, working capital, programming and technical assistance from community members.  QCI offers flexible program options that range from $135 per month to $850 per month depending on the needs of the company and the stage of development of the company.

Requirements: 

  • Your company must be an early stage startup and stay between 1 month and 2 years.

Industry Specific: No.


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Smarter in the City

 Application Deadline:  Applications for 2018 have closed.  Applications for the 2019 cohort will likely open in March or April 2019.

Funding Opportunity:  Smarter in the City is the first high-tech accelerator in the Roxbury neighborhood of Boston. They specifically provide an opportunity for entrepreneurs from underrepresented minority communities to develop innovative products and services in the high-tech sector. They provide a work space and mentoring.  Smarter in the City funds up to $5,000 per team, takes 0% equity and funds 10 startups per year. Companies can only stay up to five months.

Requirements: 

  • Smarter in the City focuses on underrepresented communities

Industry Specific:  Tech companies.


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Techstars Boston Accelerator

Application Deadline: October 14, 2018.

Funding Opportunity:  Each year, Techstars chooses over 300 companies (typically between 9 and 14 in Boston) to join its three month mentorship-driven accelerator, investing $120,000 and providing hands-on mentorship and access to the Techstars Network for life.  Techstars provides Accelerator portfolio companies with access to financial, human and intellectual capital to fuel the success of their businesses. Upon acceptance to a Techstars Accelerator, every company is offered a $100,000 convertible note. Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the program, and in return receives 6% common stock from each company.

Requirements: 

  • Techstars has no specific requirements, but looks for companies to:
    • Be an early stage company, although some companies with $1 million or more in funding and/or revenue have participated.
    • Be based on the Techstars site for the entirety of the program.
    • Be a company with the potential for national or worldwide reach.

Industry Specific: Techstars funds technology oriented companies, typically web-based or other software companies but has funded companies that do not quite fit that mold.  Specifically, Techstars does not fund biotechnology companies, restaurants, consultancies, or other local service oriented companies.


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U-Mass Boston’s Venture Development Center

Application Deadline: Open application.

Funding Opportunity:  University of Massachusetts Boston’s Venture Development Center, or the VDC, is a startup incubator that offers mentors, facilities, equipment and capital for startup companies. If you are from another country, the VDC relieves your immigration anxiety by sponsoring a cap-exempt H-1B visa anytime during the year. To help you build your business, the VDC gives you unprecedented access to a team that has been part of creating companies worth a billion dollars as both investors and entrepreneurs. And to make you productive, the VDC provides top-tier, ready to use laboratory and office work space.  Plus, to stretch your resources, the VDC helps you find talented and skilled science, engineering and business interns and gives you access to many types of advanced university engineering and life science instruments including an animal facility.  Most companies arrive at the seed stage and graduate in 9-18 months with a larger investment.

Requirements: 

  • Entrepreneurs looking to grow their company from a Boston location are welcome to submit a brief application.

Industry Specific: No.