Valley Venture Mentors will be expanding on their current mentorship offerings beginning in January 2015. At the Western Mass Developers Conference on June 26th, Roger Crandall, CEO and President of Mass Mutual, announced VVM would be opening an accelerator in Springfield for 30 teams with financial support from MassMutual. The three year grant, totaling $1.5 million, funds an accelerator that will be awarding cash prizes amounting to $200,000 while also providing educational support, co-working space and mentorship to teams. VVM will be accepting applications beginning at the end of the summer.
Mr. Crandall also announced that MassMutual would be further supporting area entrepreneurs by opening the $5 million Springfield Venture Fund. To learn more about these announcements, read the full story online at MassLive and BusinessWest.