Four companies were selected as "Diamond" winners and awarded $100,000 each as MassChallenge honored its latest batch of promising startups last night.
Two companies in the social impact category — Catie's Closet, which provides clothing to students living in poverty, and Drinkwell, a company that helps turn water access in the developing world into an entrepreneurial opportunity for locals — took top honors. The other two top winners were health care companies Disease Diagnostic Group and SQZ Biotech.
John Harthorne, founder and CEO of MassChallenge, said the startups could change the world.
"You can imagine a world in which this room, we can literally catalyze a renaissance globally," he said.
Overall, 26 startups received more than $1.75 million and $10 million in services.
MassChallenge said this year's companies have already raised $68 million in venture financing, more than twice as much money as any other class. The 617 companies to go through MassChallenge in the past five months have raised $706.1 million from investors, and created 4,802 jobs, according to MassChallenge.
"(Massachusetts) is where it is happening if you have an idea about changing the world," Gov. Deval Patrick said, after accepting an award from MassChallenge for supporting innovation. "MassChallenge has been central to all of that."
Eric Schmidt, executive chairman of Google, said entrepreneurs will be key to the future of the country.
"They create jobs, they solve every known problem," he said. "I cannot think of a better use of our time than to create more entrepreneurs, get them successful, and cheer them to victory."
MassChallenge also said its next accelerator program, MassChallenge UK, will start in London in a few months.
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