BOSTON, March 11 – MassChallenge, a global network of zero-equity startup accelerators, today announced that it has appointed Caitlin Reimers Brumme as the Managing Director of its flagship accelerator in Boston. In its tenth year, the MassChallenge Boston accelerator supports 100 startups across industries through access to a powerful network of support, resources, and up to $1M in cash prizes.
Reimers Brumme joins MassChallenge from the Impact Collaboratory at Harvard Business School, where she served as Director. There, she was responsible for advancing sustainable and impact investing through research, thought leadership content, educational platforms, and more. Prior, Reimers Brumme was the Director at Social Finance US, where she mobilized investment capital to drive social progress.
“MassChallenge is the convener for the global innovation ecosystem, and I’m thrilled to be leading the Boston team as we work to drive engagement, collaboration, and impact amongst key stakeholders,” said Reimers Brumme. “Drawing from my background in impact investing, I feel confident that we can further demonstrate the economic value of supporting the world’s most promising startups, proving that it’s more than possible to do well by doing good.”
As Managing Director, Reimers Brumme will work to further refine MassChallenge’s proven acceleration model, which has supported more than 1,900 startups from around the world. To date, MassChallenge alumni have raised more than $4 billion in funding, generated over $2.5 billion in revenue, and created over 120,000 total jobs. As part of this effort, Reimers Brumme will oversee the first-ever MassChallenge Boston Safety and Security track, which provides specialized support for startups in the defense sector (anything from cybersecurity to AI and drones).
“MassChallenge continually works to identify opportunities to strengthen the local ecosystem and add new value to our startups and to our community of partners, mentors, and judges who help accelerate the pace of innovation,” said Siobhan Dullea, CEO, MassChallenge. “Cait is joining MassChallenge at a critical point in our growth, and we’re excited to see our flagship Boston program grow and evolve under her leadership.”
Applications for the 2019 MassChallenge Boston accelerator close on March 13, 2019 at 12pm ET (noon). Startups interested in applying can visit masschallenge.org/apply to submit their application.
MassChallenge is a global network of zero-equity startup accelerators. Headquartered in the United States with locations in Boston, Israel, Mexico, Rhode Island, Switzerland, and Texas, MassChallenge is committed to strengthening the global innovation ecosystem by supporting high-potential startups across all industries, from anywhere in the world. To date, more than 1,900 MassChallenge alumni have raised more than $4 billion in funding, generated more than $2.5 billion in revenue, and created more than 120,000 total jobs. Learn more about MassChallenge at masschallenge.org.
Top MassChallenge Partners
Altus Dental, Autodesk, BAE Systems, Brex, Bose, The Boston Consulting Group, The Boston Foundation, Commonwealth of Massachusetts, CVS Health, Deshpande Foundation, Draper, FM Global, GE, GlaxoSmithKline, Halliburton, Hasbro, Henkel, ISS National Laboratory, Jamestown, Microsoft, MITRE, PTC, PwC, Stanley Black & Decker, U.S. Department of Defense National Security Technology Accelerator (MD5), and the U.S. Air Force Research Laboratory.