03.11.2016 – At the award ceremony of MassChallenge Switzerland yesterday six companies received cash prizes. All 13 finalists will benefit from in-kind support. In addition, the organizers announced the creation of a dedicated association to support the coming classes of MassChallenge Switzerland.
About 200 Entrepreneurs, partners, mentors, judges and guests gathered yesterday to celebrate entrepreneurship at the first MassChallenge Switzerland Awards. The event featured pitches from the top 13 startups of the 2016 class, and speeches from Elmar Mock, Co-founder of Swatch, Stefan Scheiber, CEO of Bühler Group and Toby Wolf, Economic and Commercial Officer at the US Embassy in Bern.
The Awards capped off an active year for MassChallenge Switzerland. Over 450 startups applied to join and of the 70 selected companies, 13 were chosen for the final judging. Prize money and in-kind awards were granted to the most impactful and high potential projects.
CHF100’000 for Versantis
CHF 100’000 Diamond Level was awarded to the French startup machIQ Industrial Services Inc. and to Versantis. The Zurich based Versantisfounded in 2015 is a preclinical stage pharmaceutical company focused on rare liver diseases. It is committed to the development of life-saving therapies for acute liver failure patients for which the current available care is not satisfactory. As its first product, Versantis developed a lead product candidate “VS-01” which is considered the first safe and effective treatment for acute-on-chronic liver failure (ACLF), a life-threatening condition of high unmet medical need. MachIQ has developed an industrial services marketplace for peer-to-peer spare parts purchasing & trading, and a platform for remote diagnosis & technical support. We will publish an article about the startup that is planning activities in Switzerland soon.
CHF 50’000 Gold Level granted to four companies:
- SwissDecode: Empowering supply chain inspectors to take 200x faster decisions about food authenticity & compliance to protect profitability and brand.
- Taste of Kenya (UK): Simplifying the Kenyan Coffee Supply Chain by linking Kenyan coffee farmers to coffee roasters globally.
- TwentyGreen: produces a greener natural feed supplement for more sustainable animal farming.
- Xsensio: develops the first “Lab-on-SkinTM” sensing platform, to track biochemical information at the surface of the skin.
Aerotain, Darix, Fastree3D, Gait Up, homePad Solutions, Intento and Sensorwake received In-Kind Silver level consisting in professionnal support and expertise provided by the Inartis Foundation and incubation in the MassChallenge coworking space in Renens.
Second edition planned
« We are celebrating two main things : the end of an exciting and impactful first program here in Switzerland, and the launch of the 2nd program of MassChallenge Switzerland that will take place in UniverCité (Renens), from June to November 2017 », said Benoît Dubuis, President of the Inartis Foundation, one of the founding partner, who also announced officially the « creation of a dedicated association to support the coming classes of MassChallenge Switzerland ». Applications for MassChallenge Switzerland programme will open in February 2017. Informations on the process will be disclosed at masschallenge.org.
Yesterday MassChallenge also celebrated passing a milestone of accelerating over 1,000 alumni, bringing the total to 1,211. In total, these 1,211 startups have raised over $1,8 billion in funding, generated over $700 million in rev jobs. Notable alumni include Gingko Bioworks (Boston, 2010), Handy (Boston, 2012), Localytics (Boston, 2010), Cambridge Bioaugmentation Systems (UK, 2015), and Turo (Boston, 2010).
« We have come a long way since 2010 when we ran our first accelerator in Boston. We now have accelerators in five countries and growing, and have helped accelerate over 1,200 startups. They are truly making an impact on the world through innovation and creating jobs of the future. This is only the be watch what our alumni continue to accomplish in the years to come. », said John Harthorne, Founder and CEO of MassChallenge.
Picture: Ateliers de Renens