June, 2014: Roger Crandall, CEO and President of MassMutual, announced that Valley Venture Mentors would be opening an accelerator program in Springfield for 30 teams with financial support from MassMutual. The three-year grant, totaling $1.5 million, funds the Accelerator program, providing educational support, co-working space, mentorship, and cash prizes amounting to $200,000 for the teams.
“MassMutual is a key partner helping us expand support and mentorship for startups,” says Paul Silva, VVM Executive Director. “This is huge for VVM and for Springfield.”
Crandall also announced MassMutual’s further support to the area’s entrepreneurs through the $5 million Springfield Ventures Fund.