By Anthony Silva, WBZ NewsRadio 1030 New England Business Editor

BOSTON (CBS) – This year’s MassChallenge competition has officially launched, with bigger prizes and more sponsors.

The competition seeks out start-ups with big ideas.

Founder Akhil Nigam says this year, MassChallenge will award more than $1 million in prizes.

The deadline for applications is April 11 at noon.

WBZ NewsRadio 1030’s Anthony Silva reports

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