Matt Snow

About

Formerly known as the Massachusetts Technology Development Corporation (MTDC), MassVentures was established in 1978 as a quasi-public corporation by the Commonwealth of Massachusetts to address the capital gap for startup companies and to encourage the growth of early stage technology firms. For nearly 50 years we have been finding, funding and fostering early-stage companies across Massachusetts and fueling the innovation ecosystem. To quantify our effects, MassVentures collaborated with the UMass Donahue Institute to conduct an economic impact analysis. Using the IMPLAN Econometric Model, a widely accepted impact modeling platform used by peer organizations in Massachusetts and around the country, this report addresses the direct, indirect and induced effects of our venture fund from inception in 1978 through 2024. Since 1978, MassVentures has only received $8.5 million in taxpayer money. For every $1 million appropriated MassVentures has generated $7 Billion in State GDP. The average employment impact has been 4,346 job years directly supported each year by MassVentures. For every $1 million of taxpayer money, MassVentures generated $429 million in state and location tax revenue

Experience

Education