Forty-nine startups from across the world met this week in Jerusalem for the start of a four-month mentorship program.
The MassChallenge Israel program began with the startups participating in hands-on workshops focused on making a better impression when pitching to investors, potential partners, and customers, by articulating their missions, and developing their companies’ positioning.
At the program’s finale in July, 10 startups will be named winners and will travel on an international road show to connect with prospective investors and partners.
MassChallenge is a nonprofit that accelerates startups worldwide. Since launching in 2009, more than 3,000 startups have participated in one of its programs.
Its Israel program has a proven track-record, with over 75 percent of its 330 alumni companies still in operation.
MassChallenge Israel startups have collectively raised over $1.2 billion, and since the program began, it has created 17,000 jobs to drive local economic growth.
Aaron Zucker, Executive Director of MassChallenge IL, said: “We start by taking founders back to the basics of building a business. You would not enter a building that was not properly planned or that did not have a solid foundation.
“Starting from first principles, we are here to ensure that all of the cohort’s founders build these essential foundations.
“Your vision and strategy are only as powerful as how well you can communicate them, creating a corporate culture that rallies everyone you engage with to passionately support your mission.”
Cait Brumme, CEO of MassChallenge, said: “At MassChallenge, we aspire to be a global network of innovators. Our accelerator programs in Israel, Switzerland, Mexico, the US, Africa and Asia are intended to provide entrepreneurs with the scaffolding for building business traction.
“We help our cohort companies get connected to resources, whether those are mentors, investors, advisors or customers that can make a difference in the journeys of these founders and accelerate their success.”
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