Boston-based company that makes it easy to find socially responsible businesses is among eight finalists in prestigious startup contest
CAMBRIDGE, MA—DoneGood, a Boston-based startup that makes it easy to find businesses with a positive social impact, has earned a spot as one of eight finalists in MIT’s $100K Entrepreneurship Competition. The current phase of the competition began in March with nearly 200 teams initially applying. MIT announced the roster of finalists Tuesday.
Each finalist team will be awarded $10,000. Finalists will pitch their ventures at the competition’s finale event at Kresge Auditorium on May 11. Following those pitches, one team will receive a $100,000 grand prize.
“I guess we’re supposed to try to play it cool in situations like this, but honestly we’re pretty excited to have been selected as finalists. Given the incredible caliber of other teams that entered, making the finals is really quite an honor,” said Garrett Parrish, DoneGood cofounder and CTO and MIT undergraduate student majoring in computer and mechanical engineering. “In the simplest terms, MIT’s mission is to teach its students to use technology to build a better society. That’s what we hope to accomplish with DoneGood.”
Each competition entrant must have at least one MIT student on the founding team. The DoneGood team has both MIT and Harvard cofounders.
DoneGood is currently headquartered at the Harvard Innovation Lab where it is enrolled in Harvard’s Venture Innovation Program. DoneGood was the winner of the People’s Choice Award at the 2015 Harvard Tech for Democracy competition, Harvard’s sole representative at the 2015 “Beantown Throwdown” competition, Fan Pick winner in Boston.com’s 2016 “Uncommon Boston” contest; finalist for selection in Bostinno’s 2016 Tech Madness competition; and has been featured as StartHub’s “Startup of the Week.”
The DoneGood app and website make it easy to find socially responsible businesses. Users enter the kind of product they want and the values that matter to them (like “green,” “supports workers,” “women-owned” and more) and then instantly see businesses they can feel good about supporting. DoneGood now also lists social impact events throughout Greater Boston each week. The more people use DoneGood, the more we can support more businesses doing the right thing and encourage other companies to follow suit. Together, we can change the way the world does business.
For 25 years, the MIT $100K Entrepreneurship Competition has been bringing together students and researchers from across MIT and Greater Boston to launch their talent, ideas, and technology into leading companies. For each semi-finalist contender the MIT $100K brings together a network of resources, including mentorship from venture capitalists, serial entrepreneurs, corporate executives, and attorneys; media exposure; prototyping funds; business plan feedback; and discounted services. Additionally, more than $300K in total non-dilutive awards help these new ventures accelerate.
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