Business & Tech

MassChallenge dishes out $1 million to startup winners

One of the biggest and most prestigious competitions in Boston’s entrepreneurial community concluded Wednesday night with the announcement of the winners of the annual MassChallenge accelerator program.

The seventh annual MassChallenge Boston Awards was held at Boston Convention & Exhibition Center, with the keynote speech from Chobani founder and chief executive Hamdi Ulukaya, as well as remarks by Governor Charlie Baker.

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The original class of 128 startups that participated in the four-month program was winnowed to 26 finalists, of which 16 were tapped Wednesday night to share the $1 million in prize money. A second contest this year sponsored by the Center for the Advancement of Science in Space and Boeing Corp. awarded $500,000 to three startups for research projects on the International Space Station.

These top three winners in the MassChallenge contest each took home $100,000. They are:

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 Adhesys Medical : A German company with US operations in Houston that has developed a flexible surgical glue that can be applied to any wound and to wet surfaces, and is biodegradable inside the body.

  EYL : A South Korean company that has built a type of random-number generator used to encrypt information that is less susceptible to hacking than current systems.

  TellusLabs : A Cambridge startup that analyzes satellite imagery, weather data, and other geographic information to produce forecasts and other reports on natural resources, such as crop outlooks.

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The winners of the space station research contest are Angiex Inc., Dover Lifesciences, and LambdaVision Inc. The complete list of winners can be found at MassChallenge. org.

Hae Young Yoo can be reached at haeyoung.yoo@globe.com. Follow her on Twitter @HaeYoung_Yoo.
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