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To graduate from the programs, students take a number of classes and then finish a "capstone" project that lets them showcase that they can put their academic knowledge into practice — similar to a senior project in a traditional college environment.
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About a third graduate from the program.
Soon about 20 of the players who were onstage on Monday will graduate from the program.
Once the participants graduate from the program, which means they must be working for a year, they are provided with the money.
Fifteen of the 100 students in the professional pilot program are expected to graduate from the program in May; another 100 students are enrolled in an aviation administration program.
In total, eight startups are ready to graduate from the program today.
Ultimately the success of 9+ will be determined by how valuable the companies who graduate from the program are.
As Harthorne explains, MassChallenge is different from other accelerators as it does not take an equity stake in the companies that graduate from the program.
There are certain issues that need to be addressed to improve the AIM program especially those related to payment scheme and also finding timing for the recipients to graduate from the program as successful entrepreneurs.
A large Boston-based accelerator program that is rapidly expanding across the globe, MassChallenge is a nonprofit and does not take an equity stake in startups that graduate from the program.
Successful ONL teams then get the chance to pitch their product to angels and VCs from Japan, Singapore and the US, probably after September this year (when the first batch of startups will graduate from the program).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com