Akhil Nigam, former head of MassChallenge, joins Fidelity Labs

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Akhil Nigam (Photo courtesy: MassChallenge)

CAMBRIDGE, MA–Akhil Nigam, co-founder and former president of Boston-based startup accelerator program MassChallenge, has joined Fidelity Labs, the research-and-development division of Boston asset manager Fidelity Investments, local media reported.

“He’s now working with Fidelity Labs to test a product designed to educate customers about the smartest and fastest ways to pay down student debt, including by sending them to select lenders like Citizens Bank for refinancing,” reported Boston Business Journal.

Akhil Nigam (Photo courtesy: MassChallenge)
Akhil Nigam (Photo courtesy: MassChallenge)

Nigam founded MassChallenge in 2009 and stepped down as president in late 2014.

MassChallenge is the largest startup accelerator and competition in the world. Since 2010, MassChallenge alumni have raised over $1.4 billion and have generated over $575 million in revenue.

Nigam received his MBA from Harvard Business School and his undergraduate degree in Electrical Engineering from the Cooper Union for the Advancement of Science and Art in New York City. He also completed a Masters in Financial Engineering from Columbia University.

Before MassChallenge, Nigam  worked for Bain & Company where he worked on a variety of industries both in the Private equity and General Consulting practices. He advised major private equity firms on potential acquisition targets and conducted industry, competitor and financial due diligence. He also worked for Fidelity’s private equity practice helping technology and telecom companies with strategy, financial and operational issues.

Akhil lived in India until age 12 and then attended high school in Zimbabwe before receiving a full 4-year scholarship to the Cooper Union.

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