Bühler partners with global startup accelerator MassChallenge to advance open innovation.Bern, 03/17/2015 – At a press briefing today at the U.S. Embassy Bern, MassChallenge, the world’s largest startup accelerator, announced that the technology group Bühler has joined them as a Diamond sponsor. The partnership forms a new pillar in the MassChallenge International Bridge program, a program designed to exchange knowledge and best practices between MassChallenge and its partners in some of the world's most powerful startup ecosystems. With the support of regional partners, Bühler and MassChallenge plan to engage Switzerland’s dynamic community of entrepreneurs by inviting Swiss startups to apply to the 2015 accelerator program before the April 1 deadline. A non-profit organization, MassChallenge is funded by corporate, public and foundation partners to fund promising startups of all industries. To date, more than 600 companies supported by MassChallenge alumni have raised over USD 706 million in funding generated USD 404 million in revenue and created 4,800 jobs.
“We are very happy to begin collaboration with MassChallenge in Boston and London. In the future, we plan to center our efforts in our home country Switzerland”, said Bühler CTO Ian Roberts. “MassChallenge's no-equity model to support entrepreneurs at scale has a proven track record. Furthermore, we are convinced that MassChallenge will provide elements such as entrepreneurial spirit, selectivity and a sense of urgency that can fortify and boost the extraordinary Swiss talent base and fuel further growth in Swiss startups.”
Founded as a Swiss family business and now a global leader in industrial process technologies and solutions, Bühler executes a state-of-the-art innovation management with collaborative innovation as its core. Bühler has partnerships with universities all over the world and drives innovation with its employees as well as customers and suppliers The result are unique solutions tackling global challenges such as the growing world population and the need for food safety and security. “We are interested in generating fruitful exchanges with young entrepreneurs, getting them involved in our cause and giving them every chance to be successful in the future”, explained Ian Roberts.
Bühler’s support of MassChallenge in the context of the Bridge program combines the best of these two organizations. “Bühler’s excellent combination of global leadership, solid performance and outstanding innovation will undoubtedly strengthen our global network,” said MassChallenge Founder and CEO John Harthorne. “We hope this partnership will encourage even more Swiss startups to engage with our growing global community.”
“The partnership between MassChallenge and Bühler is a symbol of the strong and steadily growing collaboration between the U.S. and Switzerland in the area of innovation,” said Suzan G. LeVine, U.S. Ambassador to Switzerland and Liechtenstein. “As a leading U.S. accelerator with global reach, MassChallenge offers outstanding opportunities for start-ups to learn how to grow under the guidance of an impressive group of partners, now even more impressive with Bühler added to the roster. There have already been some fantastic Swiss success stories coming out of MassChallenge – I encourage Swiss entrepreneurs to apply and become part of this network.”
Last month, MassChallenge launched a new UK program in London which will replicate the successful accelerator model from Boston. With programs now in Boston, Israel and the UK, MassChallenge continues to work toward delivering on its Clinton Global Initiative commitment to expand to ten locations in the next five years.
During the month of March, MassChallenge is holding a series of info sessions in Switzerland in order to encourage Swiss entrepreneurs to apply to MassChallenge. Application period ends April 1, 2015. Entrepreneurs should apply at http://masschallenge.org/apply.
Bühler media contacts:
Burkhard Böndel, Head of Corporate Communications, Bühler AG, 9240 Uzwil, Switzerland
Phone: +41 71 955 33 99
Mobile: +41 79 515 91 57
Andrea Küpfer, Head of External Communications, Bühler AG, 9240 Uzwil, Switzerland
Phone: +41 71 955 14 92
Mobile: +41 79 246 21 65
MassChallenge media contact:
Shannon Sullivan, Brand Manager
Phone: +1-888-782-7820 x 726
Every day, billions of people come into contact with Bühler technologies to cover their basic needs for foods, mobility, or communication. With our industrial-scale process technologies and solutions, we contribute significantly to feeding the world’s population, setting the focus on food security and food safety. Bühler flour mills process around 65% of the wheat harvested worldwide into flour. Its contribution to processing rice and producing pasta, chocolate, or breakfast cereals is similarly important. Moreover, Bühler is a leading solution provider of die casting, wet grinding, and surface coating technologies, with an emphasis on automotive, optics, electronics, printing & packaging inks, and glass applications. The solutions provided for these industries are distinguished by high energy efficiency and sustainable mobility. As a leading technology group, Bühler invests up to 5% of its sales revenue in research and development. Bühler is proud of its Swiss roots, with 10,600 employees in some 140 countries generating sales of CHF 2.3 billion. The family-owned company Bühler is particularly committed to sustainability.
MassChallenge runs startup accelerators designed to catalyze a global renaissance by connecting high-impact startups with the resources they need to launch and succeed. Anyone can apply to MassChallenge, with any early-stage startup, in any industry, from anywhere in the world. MassChallenge does not take equity or place any restrictions on the startups it supports.
With programs in Boston, Israel and the UK, MassChallenge provides entrepreneurs with mentorship, office space, education, access to a vast network, and other resources during four months of acceleration. MassChallenge awards over $2 million in non-dilutive grants to the startups demonstrating the highest impact and highest potential. A nonprofit organization, MassChallenge is funded by corporate, public and foundation partners. To date, the 617 MassChallenge alumni have raised over $706 million in funding, generated $404 million in revenue and created 4,800 jobs. For more information, visit www.masschallenge.org.
Top MassChallenge Boston partners include: Jamestown, Fidelity Investments, Verizon, the Richard and Susan Smith Family Foundation, CASIS, the Commonwealth of Massachusetts, The Deshpande Foundation, The Boston Foundation, Combined Jewish Philanthropies of Greater Boston, Bühler, American Airlines, Boehringer Ingelheim, Bose, EMC, Henkel, iNNpulsa Colombia, Mass Tech Collaborative, Massachusetts Life Sciences Center, Microsoft, Pfizer, Smith & Nephew, Thomson Reuters, Turnstone, WGBH Boston, and Zapopan.
The School of Management Fribourg (Switzerland) is a second year sponsor of MassChallenge.
Info Sessions in Switzerland are supported by Bühler, School of Management Fribourg, as well as regional partners: FONGIT, Fondazione Agire, Plastical, The Young Entrepreneurs Club at the University of St. Gallen, MBA-HSG.