VERI Nano, Inc. Accepted to 2020 MassChallenge Startup Accelerator

Boston, MASS. (June 5, 2020) VERI Nano, Inc. announced today that it has been selected to participate in the Mass Challenge 2020 Boston Cohort for early-stage, high-impact companies, gaining access to a global network of experts and resources. MassChallenge, a global network of zero-equity startup accelerators, will host 100  early-stage startups rigorously selected by a community of more than 500 expert judges and that represent the top 9% of applications from around the world.

Veri Nano, a bionanotechnology company composed of world-renowned experts, innovators and serial entrepreneurs trained at Harvard Medical School and Massachusetts Institute of Technology (MIT), is using nanotechnology to provide solutions to different problems in numerous markets such as human and animal health, cosmetics, agriculture and food. The startup was selected based on its novel approach to prevent bovine mastitis. 

“The MassChallenge Boston program stands on more than a decade’s worth of proven experience working with entrepreneurs and corporate organizations to help accelerate innovation and drive economic growth,” stated Damon Cox, Assistant Secretary for Technology, Innovation and Entrepreneurship at Commonwealth of Massachusetts and MassChallenge Advisory Board member. “I am excited that the program has pivoted to a virtual model to continue the essential work of supporting startups that eventually go on to create jobs and drive economic growth in Massachusetts and beyond.”

Since March, MassChallenge’s world-class network of investors, serial entrepreneurs, corporate executives, and academics have evaluated applications based on each startup’s ability to demonstrate high impact and high potential in their fields. 

“We are very excited and proud to be a part of the 2020 Mass Challenge Cohort”, said Samson Afewerki, co-founder of VERI Nano, Inc.. “We are looking forward to taking full advantage of this opportunity and cannot wait to get started.”

This year’s 2020 Boston cohort reflects an exceptional cross-section of innovators from all industries and from 12 countries around the globe. Top industries include:

  • 34% High Tech
  • 32% Healthcare and Life sciences
  • 19% General, which includes materials, hardware, retail and consumer goods
  • 11% Social Impact
  • 4% Cleantech and Energy

MassChallenge’s 2020 cohort represents several emerging industry trends including:

  • The meteoric increase in artificial intelligence and machine learning across all industries
  • Biotechnology as the life science category to watch
  • Sustainability across industries and sectors, with 20% of applicants and finalists having a green or clean focus

ABOUT VERI Nano, Inc.

Veri Nano is an innovative bionanotechnology company emerged from world-renowned experts, innovators and serial entrepreneurs trained at Harvard Medical School and MIT. We are creating the future by designing novel nanotechnologies that could be applied to multiple industries. By using different types of biomaterials as building blocks, we have fabricated diverse types of novel systems such as nanoengineered hydrogels, nanosized molecular delivery systems, and nanocomposite materials. The startup was selected based on its novel approach to treat bovine mastitis.