Which MN Health Care Startups Landed The Most Angel Funding In 2016?

Local health care startups targeting regenerative medicine, obesity, glaucoma, blood cancer and other fields led the list of the biggest 2016 recipients of funding from investors eligible for the Minnesota Angel Tax Credit. Read more at Twin Cities Businesses.

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Second Equity Crowdfunding Portal Goes Live In Minnesota

Silicon Prairie Online became the state’s second equity crowdfunding platform late last week, following approval by the Minnesota Department of Commerce.

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Sezzle nabs funding for low-fee payments processing

Financial-technology startup Sezzle has wrapped up a $1.85 million round of funding as it prepares to launch a payments-processing product for retailers. Read more at the Minneapolis-St. Paul Business Journal.

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OneOme Lands $5.25 Million In Financing Round

Minneapolis-based OneOme LLC has drawn $5.25 million in new financing; 80 percent of the round is debt, 20 percent is equity. OneOme was founded in 2013, backed by Minneapolis-based Invenshure LLC, an incubator and venture investor, and Rochester-based Mayo Clinic.

Learn more here.

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MN Cup Names Stemonix Best Business Idea of 2016

The Life Science/Health IT division winner of the MN Cup, StemoniX, was awarded the $50,000 grand prize at the 12th annual MN Cup awards celebration. The prize was announced at a ceremony Thursday evening, Sept. 22, at the University of Minnesota’s McNamara Alumni Center. StemoniX is a company that conducts stem cell-based research and drug screening, which will lead to a new era of drug discovery and personalized medicine. The company is revolutionizing the production, growth and manufacture of human heart and brain cells for drug toxicity and efficacy testing.

Read more here.

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Two University of Minnesota startups named among “Best University Startups”

Two University of Minnesota startups were named among the “Best University Startups 2016” today by the National Council of Entrepreneurial Tech Transfer (NCET2), an association of university startup officers.

Innotronics LLC and Minnepura Technologies Inc., two companies launched by the University’s Venture Center, were among the 35 Best University Startups selected from 200 submissions from universities across the U.S. The startups were selected by representatives from leading industry companies based on criteria including the technology’s potential, the experience of the business team and the invention or service’s commercial feasibility. The 35 startups represent early-stage companies with high potential to create jobs, advance technology and meet societal challenges in health, the environment and other fields. These companies will present as part of University Startups Demo Day at Congress in Washington, D.C. on Sept. 20.

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Gopher Angels Invests $11M in First 4 Years; To Host Angel Capital Association Conference

Gopher Angels has announced that it has now put $11M into high-potential startups connected to Minnesota.  Recent investments in a variety of companies highlight the breadth and depth of support that Gopher Angels provides to startups in the region.  As an extension of the group’s rapid growth and collaborative nature, Gopher Angels is also announcing that it is hosting the first Midwest Regional Conference of the Angel Capital Association on September 22, 2016 in Minneapolis.

Read more: https://docs.google.com/document/d/1JF3QYV7JWEEJFHANHKLCb1Co6JkT6EI2qAkqGoksrx4/pub

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Minnesota Entrepreneurs Advance to the Finalist Round of MN Cup

MN Cup announced last week that 25 teams of Minnesota based entrepreneurs have advanced into the finalist round of the 2016 competition. These finalists were selected from 80 semifinalists across eight divisions, out of a pool of nearly 1500 original participants.

Learn more: http://mncup.org/

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U of M Venture Center launches record 17 startups in FY16

The University of Minnesota announced that it launched a record 17 startup companies over the past year based on discoveries and inventions by its researchers.

Launching new companies is one of the primary ways the University turns cutting-edge research discoveries into commercial products that fuel the economy and contribute to the public good. The 17 startups include 14 in Minnesota, with 13 of them in the Twin Cities metropolitan area and one in Duluth.

Read more: https://inquiry.research.umn.edu/2016/08/17/venture-center-launches-record-17-startups-in-fy16/

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CVRx lands $93M equity financing

Medical device maker CVRx will announce Tuesday that it has raised $93 million in venture capital, the largest Minnesota haul this year.

Read more at the Star Tribune.

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Venture capital investment jumps to $118 million in Q2

Minnesota companies raised nearly $118 million in venture capital in the second quarter of 2016, according to data from Thomson Reuters and the PwC/NVCA MoneyTree™ Report.

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Compete in Mayo Clinic’s Second Think Big Challenge for Innovators, Entrepreneurs

The Mayo Clinic Center for Innovation and Mayo Clinic Ventures announced the second Mayo Clinic Think Big Challenge, a national competition for innovators and entrepreneurs. This year, one business or entrepreneur will earn the opportunity to license Mayo Clinic technology, lead a team and score a $50,000 cash prize.

The 2016 Mayo Clinic Think Big Challenge opens today at transformconference.mayo.edu/thinkbig. Application deadline is Aug. 15.

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Minneapolis data start-up Sport Ngin is acquired by NBC Sports

Minneapolis start-up Sport Ngin has been sold to NBC Sports Group, capping years of rapid growth and plentiful financing for the software company.

Read more at the StarTribune.

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Moxy

Moxy is a small, wearable sensor that utilizes infrared light to continuously monitor oxygen saturation (SmO₂) levels in the muscles of athletes while they exercise. It is designed to measure the percentage of hemoglobin-and-myoglobin-carrying oxygen in the capillaries and cells of muscle tissue, where oxygen is consumed to produce energy. The accurate, real time measurements produced by Moxy are fundamental to improving athletic performance. Oxygen is the fuel that drives the muscle, and Muscle Oxygen levels are constantly changing.

Moxy is used to assess athletes, guide their training, and hone their performance during competition. It helps identify optimal training intensity zones and provides feedback on the physiologic systems limiting performance. Moxy is easy to use, mobile, non-invasive and affordable, making it widely applicable to athletes and trainers of every calling- from endurance sports like cycling and swimming to team sports like football and volleyball and individual sports like strength training.

In short, virtually everyone can Train with Moxy.

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Nesel Packs

Nesel Packs is a company founded on the belief that students with disabilities may have difficulty learning in the same way as other students, but they still deserve the opportunity to learn and grow nonetheless. We are aiming to change the world for students with sensory processing difficulties by providing tools to overcome barriers to succeed in life and school. This is why we created a backpack for students on the autism spectrum.

We sell a backpack designed for students with sensory processing difficulties. It has several features, such as clips on the straps to attach tools, specially designed straps to mimic a compression vest, a security strap, pouches on the inside to add weight, and an ID tag in the front to let your child customize the bag.

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Mobineo

Mobineo, a portmanteau of mobile and the Swahili word for land, is a holistic platform that combines a GPS module, app, website, database, and training service to standardize and streamline land surveying, purchasing, and management.

We’re currently focusing on Kenya because of its robust mobile banking infrastructure and the strong correlation between land rights and social issues, but we intend to expand to other East African countries after release.

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Core Technologies

Core Technologies offers a product line which is focused on creating practical applications for a wide range of customers. Adding to our product line, Core Technologies also offers a technology consulting service for anyone wanting to see their invention become a reality. With our team’s extensive backgrounds in software, electrical and mechanical design our products start as a dream and become a reality.

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Protosthetics

Protosthetics is advancing the industry of prosthetics and orthotics through innovative design and manufacturing techniques. Our mission is to deliver a full suite of affordable, effective, and accessible products. We strive to improve quality of life for our customers through our products, coupled with cutting edge technology for training and implementation. Working alongside medical professionals and the community, we can change the lives of people everywhere.

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Photonic Pharma

At Photonic Pharma LLC, we focus on the early phase of drug development – Lead Discovery – using a game-changing technology platform that combines breakthroughs in fluorescent biosensor engineering and fluorescence lifetime detection in living cells. Thus we achieve a dramatic increase in the precision of high-throughput screening, with the potential to transform the productivity of pharmaceutical development.

We work with industrial and academic collaborators, applying our proprietary advancements in structure-based drug-screening technology, to discover novel small-molecule effectors of therapeutically important protein targets. We have assembled a robust and highly integrated network of techniques, concepts, facilities, and collaborators to address a wide range of therapeutic goals.

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NanoDev Therapeutics

NanoDev Therapeutics was founded in April 2016 by a dedicated five member team of researchers from the Mayo Clinic and biotech professionals from MNPHARM to form a strategic partnership to advance and develop nanobody technology for the treatment of disease with a focus on cancer. Nanobodies are single cell domain antibodies, the next frontier in the field of medical therapeutic discovery.

Nanodev Therapeutics will utilize three techniques to express recombinant nanobody proteins to expand and expedite discovery. Mayo Clinic researchers will provide expertise in E.coli and mammalian expressions methods while MNPHARM will provide expertise in plant based expression methods.

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Magic Arms

For the millions of children with neuromuscular disorders, debilitating weakness in the arms and shoulders makes everyday tasks nearly impossible. With Magic Arms, the impossible becomes possible.

Magic Arms is a gravity-balancing, exoskeletal device that’s been proven to work on over 100 kids so far. Our goal is to make this technology available to every child who needs it.

By giving kids arms that defy gravity, we can empower them to feed themselves, reach their toys, put on their socks, blow bubbles and hug the people they love.

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Healthe

Healthe is a Minneapolis, Minnesota-based company developing products that block UV and high-energy visible (HEV) blue light from digital devices. The company has developed a proprietary emission reducing film comprised of polymers and light absorptive dyes which normalize the light transmission across the light spectrum. By reducing peak light emissions, this makes artificial digital light more like natural light.

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Geneticure

At Geneticure, we are shaping the future of prescription medicine. Now, for the first time, our CLIA-certified laboratory can perform a test to quickly and accurately guide your ideal hypertension drug therapy – all with a simple and non-invasive cheek swab.

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Vugo

Vugo is an on-demand rideshare advertising platform that services the sharing economy. We connect Advertisers with rideshare passengers via relevant, interactive, contextual video/display ads.

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spark.dj

Song requests. Seamless transitions. Awesome playlists. One app.

Your personal DJ.

Coming soon ..

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Sezzle

Sezzle is revolutionizing payments by leveraging ACH for online and mobile purchases. Our goal is to make ACH easy for both consumers and online merchants.

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Homi

Homi is a platform designed to build meaningful relationships between students and alumni. Students can ask questions, meet interesting alumni and figure out what they want to do after college. Alumni can reconnect with groups they were involved in at school, hire motivated students and give back in ways other than writing a check. Our mission is to prove that networking is more than just sending cold emails to strangers and asking for jobs. It’s a way to meet incredible people doing incredible things and hear their stories.

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Hitsfu

Hitsfu’s AI Analytics platform enables outcome driven decision making for app developers. We have the first technology that replaces a data science team and provides recommendations for features and marketing campaigns based on predicted outcomes. Clairvoyance™ will allow smaller studios to compete with big studios who currently dominated the market.

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SharedGeo

SharedGeo’s mission is to help government, nonprofit, education, and corporate entities use mapping technologies and share geographic data for the public good. Bring us your ideas and let’s see what we can build together.
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Corology

We believe that self awareness is the key to better performance in the workplace. Corology is the only software that combines 360 feedback with professional coaching for employee development. If self awareness is key to better personal performance, what about a fully aware group of people who also happen to work together every day?

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True Dough

We are two moms (sisters, actually) who started a pizza dough company. Crazy right? We started making pizza dough in our own kitchens, for our own families, for a few reasons. First, our families love pizza. (Who doesn’t, really?) Second, the pizza at most restaurants is overpriced and often underwhelming. Finally, the grocery store options were way short on taste and loaded with chemical additives and preservatives. At True Dough we value integrity, quality, and creativity, and our products reflect that. With True Dough you get a clean conscience and a clean plate, every time.

At True Dough our products are 100% certified USDA Organic and our wholesome ingredients are locally sourced from the Midwest as much as possible. We do not use any additives or preservatives, that is why you will find our products in the freezer section. Instead of using artificial chemicals, we give our dough the time it needs to fully ferment and rise. This results in superior flavor and texture that is unmatched in any other store bought pizza dough product.

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MyNurish

After years of research our founders came to the conclusion that superfoods such as fruits, veggies, greens, and gluten-free grains are key in a fairytale life of health. These are the magical ingredients that eliminate unwanted symptoms, create endless energy, and connect you to the biggest form of nourishment that is pure joy. They believe their products have the ability to change millions of lives. To make a fundamental difference in the world that maybe – just maybe – will enable us to leave this planet in better shape for future generations.

Franco, Bob, and Sharlene feel free to see the world in a way that others do not see it. They believe they have an opportunity and responsibility to introduce new solutions that can have a meaningful impact on the world. They want to inspire others so that they too can feel empowered to inspire others toward health. They desire to show others that each and every one of us has the ability to create a world abundant in nourishment!

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Local Crate

Local Crate wants to make it easier for everyone to cook and eat locally. We believe we can accomplish this with our local meal-kit delivery service. We work with local chefs to create delicious recipes, source as many local ingredients as possible, portion for a 2 serving meal, and finally deliver it to your home or office in a temperature controlled cooler. Then you become the Chef, with the photo instruction step by step recipe card, creating delicious meals in the comfort of your home.

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Farmhouse Market

Farmhouse Market is a small local & organic foods market that works directly with local farmers and food producers in addition to natural foods distributors to make the good food you want to eat more accessible close to home. Farmhouse Market is open 24/7 to members (and limited hours to the public) through the use of a keycard entry system and a self-checkout.

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Five Vodka

We believe that great vodka should be made by cooks and not chemists.  Five Vodka is crafted in Minnesota.  We like to think big but we craft in small batches with real ingredients that make the difference.  We promise to bring you the same vodka we first tasted lakeside when we knew we had found “the one”.

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VivoDynamics

VivoDynamics is the only biotechnology company supplying biocatalyst research, development and production based on rational enzyme design. Biocatalysts are enzymes that accelerate chemical reactions that are often difficult or inefficient to carry out by any other means.

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Verterra Energy, Inc.

Verterra Energy’s vertical axis hydro-kinetic turbine harnesses the power in flowing water to generate clean, renewable energy for communities who need it.

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Lightwave Photonics

Lightwave Photonics, Inc. (LPI) was founded in January of 2007. The most important goal of our company is to provide service, new materials and new device designs for our customers. We pride ourselves on removing R&D risk and delivering our unique solutions.

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enVerde

enVerde is focused on identfying, developing, and commercializing green opportunities that make significant postive impacts for our global community.  Our businesses need to be financially and commercially viable so we can make those positive contributions now and in the future.  We will accomplish this through safe and responsible behaviors, differentiating ideas and actions, and excellence in execution managed by outstanding, dedicated, and motivated employees and partners.

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Arc Suppression Technologies

Arc Suppression Technologies Co-Founder and Chief Technology Officer, Reinhold Henke, began his career in the power industry and has been fascinated by the mechanisms of contact arcing for many years.

After nearly six years of concept development, Reinhold determined that advances in component technology allowed for the development of an arc suppression method that at the instant of arc formation could actively suppress contact arcs yielding unprecedented increases in mechanical lifetime, reliability, and safety for power switching applications! With this concept in mind, Reinhold, along with Co-Founder and CEO, Bob Thorbus, formed Arc Suppression Technologies to bring this novel solution to market.

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Activated Research Company

Activated Research Company® (ARC) was founded in 2014 with a vision to improve our customers’ lives through our expertise in catalysis. We are excited to embark on this journey with the all new Polyarc® reactor, which enables better, faster and cheaper gas chromatography analysis.

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Twin Cities startup with record VC haul bags another $46M

Med-tech company CVRx Inc., which has bagged more venture funding than any company in Minnesota history, has closed on $46 million in equity financing and landed commitments for another $25 million.

Read more at the Minneapolis-St. Paul Business Journal.

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Target + Techstars retail accelerator names first class of startups

Startups developing online wedding registries, apps for supply chain inspectors and interactive games are among the 10 companies picked to participate in the Target + Techstars retail accelerator program.

Read more at the Minneapolis-St. Paul Business Journal.

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Angel Tax Credit funding included in supplemental budget bill

Last week, Governor Dayton signed the supplemental budget, which contained a one-year extension of the Angel Tax Credit funded at $10 million. Without this funding, the credit would have ended once this year’s funding was exhausted.

50 percent of the funding must be allocated to credits for qualifying investments in qualified greater Minnesota businesses and minority- or women-owned qualified small businesses in Minnesota. If any of that funding is not allocated by September 30, it becomes available for allocation to other credit applications beginning on October 1.

The Angel Tax Credit is an important mechanism for encouraging investment in startups across Minnesota.

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When I Work attracts $15 million in venture capital, may move to Minneapolis

When I Work Inc., the St. Paul software firm whose app is an increasingly popular tool for scheduling work at small businesses and temporary jobs, just attracted $15 million in new venture capital, the company said this morning.

Read more in the Star Tribune.

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State Nears Adoption Of Equity Crowdfunding Rules

Minnesotans of all incomes might soon be able to make equity investments in local companies not unlike how they give money to Kickstarter campaigns.

The ability to do so is thanks to MNvest, legislation that “aims to provide wider, cheaper and faster access to funding for companies and entrepreneurs,” according to the organization by the same name lobbying the effort. MNvest was signed into law in 2015 as part of an omnibus spending bill, but it needed to complete the 22-step process of rulemaking that can sometimes takes years.

Read more in Twin Cities Business.

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a16z Podcast

The a16z Podcast discusses trends, news, and the future of a world being shaped by technology, especially as ‘software eats the world’. It features industry experts, business leaders, and other interesting thinkers and voices from around the world. This podcast is produced by Andreessen Horowitz (aka “a16z”), a Silicon Valley-based venture capital firm that invests in entrepreneurs building the next great consumer and enterprise companies. Multiple podcasts are released every week and sometimes on weekends; visit a16z.com for more details.

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Minnesota startups’ busy spring: $90M raised in two months

Minnesota startups raised more than $90 million in funding since the end of March.

It was easier than usual to hit that mark thanks to one big deal in April: Startup insurer Bright Health closed on an $80 million an $80 million round led by Bessemer Venture Partners and New Enterprise Associates.

Read more at the Minneapolis-St. Paul Business Journal.

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Land O’Lakes and Techstars are launching a food and tech startup program

Agriculture giant Land O’Lakes Inc. and Techstars want to grow a crop of Minnesota food and agriculture-tech startups with a new program launching this summer.

Techstars, which operates startup accelerators, and Arden Hills-based Land O’Lakes are seeking entrepreneurs for Startup Next Food & Tech, which will mentor young companies.

Read more at the Minneapolis-St. Paul Business Journal.

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Med-tech partnership promotes Minnesota as a place to do business

Studies show that Minnesota offers many advantages for medical technology companies, but industry will need future investments in trade promotion, local workforce engagement and strong supplier networks to keep its edge in the ever-changing global field.

Enter the Minnesota Medical Manufacturing Partnership. The multi-stakeholder public-private MMMP, led by economic development group Greater MSP, was formally launched Tuesday as a means to increase Minnesota’s reputational standing among potential med-tech investors and to give local projects an advantage with 11 federal agencies that coordinate more than $1 billion in economic development assistance.

Read more at the Star Tribune.

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Brightstone Venture Capital

Brightstone Venture Capital Fund has a long history of building successful companies. Since 1985, Brightstone has managed ten venture partnerships and currently manages a $50 million venture fund focused on early-growth stage investment opportunities.

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Thomas, McNerney & Partners

Thomas, McNerney & Partners is a health care venture firm that invests in life science and medical technology companies at all stages of development. The Thomas, McNerney & Partners team has significant experience in helping entrepreneurs start companies, in providing growth capital to emerging companies and in undertaking restructuring transactions such as spin-outs, roll-ups and recapitalizations.

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Stone Arch Capital

Stone Arch Capital, LLC is a private equity fund based in Minneapolis, MN. Our fund was founded with a commitment to identifying and building value based on patience, discipline and years of experience operating in our core Midwest market. We seek to create shareholder value by forming partnerships with management teams based on trust and integrity. Our presence in the Midwest and collective deal experience position us to identify attractive investment opportunities and to generate superior returns for our investors.

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MacroVentures

MacroVentures has started, grown, purchased, and sold both product and service oriented companies in a wide range of industries and has also spent time on the Fortune 1000 company side of the table looking at growth opportunities, acquisitions, and their financial implications.

Our team’s functional expertise spans the spectrum including starting up, marketing, public relations, social media, product design, manufacturing, business operations, business growth and driving change, finance, legal issues, procurement, human resources, sales management, preparing for an acquisition, and successfully closing transactions that bring value to all parties involved.

We are dedicated to growth in all that we do, and we are always looking to identify opportunities that fit this mission. Our team has many years of experience in starting, running, and growing businesses and we love the strategy, thrill, excitement and risk that goes into making a business successful. We are always looking for the next great thing, we believe in partnership, openness and transparency, we are skilled at what we do, and if you think like us, we want to hear from you.

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Lemhi Ventures

Lemhi Ventures pursues companies with new approaches to health care services. Our investments are focused on changing the way health care is financed, transactions processed, care delivered, and infrastructure systems made faster, more efficient, and more secure. The Lemhi team has experience across the investment cycle, including success starting, operating, and exiting companies of our own. We understand the uncertainties and risks of breaking new ground and the demands of creating businesses that will last.

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Capital Midwest Fund

Capital Midwest Fund is a venture capital firm that invests in advanced manufacturing, B2B, and healthcare technology companies based in the Midwest.

The fund concentrates on investments where companies have excellent management and technology, and will address significant markets. We look for management with successful previous experience; markets that are established and growing; defensible IP positions; and sustainable competitive advantages.

The principals of the fund are professionals who have operated in the investment banking, investing, and technology industries for many years. They have significant experience in raising money for early-stage companies and sourcing deals. In addition, they have significant experience in assisting management teams prepare viable business plans, evaluate strategic partnerships, and craft lucrative exits.

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3C Capital

3C Capital is an angel investment group headquartered in Northfield, Minnesota. As part of RAIN Source Capital’s RAIN Fund Network, we are able to share prospective deals with the entire network to collectively raise a good portion or all of the capital that a growing company needs.

If you are thinking about expanding your business or would simply like to discuss other options for equity transactions we would like to assist in any way we can.

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Entrepreneurship Club – University of Minnesota

Our mission is to provide entrepreneurial-minded students at the University of Minnesota the ability to connect with practicing entrepreneurs from the area. Through our weekly meetings, members get a chance to meet, listen, and interact with our innovative speakers.

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Venture Capital Investment reaches $54 million in Q1 2016

Minnesota companies raised nearly $54 million in venture capital in the first quarter of 2016, according to data from Thomson Reuters and the PwC/NVCA MoneyTree™ Report.

The $54 million raised was a dip from last quarter, when Minnesota companies raised $191 million. Total investment in 2015 reached $371 million — the 7th-best year for Minnesota.

Read more at the Minneapolis-St. Paul Business Journal.

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WomenVenture

For more than three decades, WomenVenture has provided women of all ages, cultures, races and income levels with the tools and resources to achieve economic success through small business ownership.

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Neighborhood Development Center

Neighborhood Development Center (NDC) is a non-profit, community development financial institution (CDFI) that believes in the power, drive and daring of local entrepreneurs to transform lives and revitalize neighborhoods.

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Minnesota Emerging Software Advisory

Minnesota Emerging Software Advisory (MESA) is a non-profit mentoring organization comprised of C-level software and information technology veterans with strong local business roots. We have come together to help spark a movement to help make Minnesota’s software economy rank among the most vibrant and respected in the nation. We believe the key to rekindling Minnesota’s once-shining tech star lies in a more basic form of social networking – mentoring, collaboration and connections.

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Enterprise Minnesota

Enterprise Minnesota is an ISO 9001:2008 certified consulting organization that helps manufacturing companies become operationally efficient and well positioned to grow profitably. Our team — who live and work throughout the state — provides services that help clients save time and energy, improve productivity, increase sales, improve profits, as well as create and retain jobs.

Enterprise Minnesota is one of 60 federal Manufacturing Extension Partnership (MEP) organizations nationwide chartered to help medium size and smaller manufacturers compete and grow.

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City of Minneapolis – Community Planning & Economic Development

A driving force for innovation, collaboration and sustainability by providing thoughtful design and access to the tools and resources needed for all Minneapolis residents and businesses to prosper.

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Bootstrappers Breakfast

Join Other Entrepreneurs Who Eat Problems For Breakfast.

Bootstrappers Breakfasts® are for founders of early stage technology startups. It is a chance to compare notes on operational, development, and business issues with peers. These breakfasts were designed for entrepreneurs to share ideas and leverage thoughts with other folks who are serious about growing their business.

Our focus is on issues for growing a business, not on VC fundraising. We promote the bootstrap business model.

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African Development Center of Minnesota

Through workshops and consultations on financial literacy, business development, and home ownership, ADC provides culturally competent services to Minnesota’s African community.

ADC is a leader in micro-lending to small businesses, outperforming even the largest banking institutions in the state of Minnesota. For three years now, ADC has been recognized as the number One small business lender of the City of Minneapolis. With the help of 8 dedicated full-time employees, Executive and Finance Committee and Board of Trustees, ADC provides services in 6 languages to communities throughout Minnesota.

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Bright Health Raises $80 Million In Venture Funding

Bright Health, a Minneapolis-based insurance startup, announced that it had secured $80 million in venture funding. Read more at Twin Cities Business Magazine.

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2016 MN Cup competition now underway

Entering its twelfth year, the Minnesota Cup is now open for applications . Participants have until May 6 to submit for a chance to compete for a share of the prize money — which this year will nearly total a record-breaking $400,000.

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Target accelerator gets applications from more than 500 startups

More than 500 startups from 32 states and 45 countries applied to be admitted to the Target + Techstars retail accelerator program.

The accelerator will name 10 winning companies that will move into 8,000 square feet of space at Target Corp.’s Minneapolis headquarters this summer, where entrepreneurs will get mentoring from Target executives and Techstars.

Read more at the Minneapolis-St. Paul Business Journal.

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Minnesota is tops in med-tech deals

Midwest health care startups raised $1.5 billion in 2015 with Minnesota leading the region, according to a report from Cleveland-based nonprofit BioEnterprise. Learn more at the Minneapolis-St. Paul Business Journal.

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COCO Events

COCO is a destination where people not only show up to work, they show up to network. With events of all sorts, people come together at COCO to discuss ideas, collaborate, and meet new friends and business partners.

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Real Estate Software Developer HomeSpotter Raises $925K

HomeSpotter, a mobile applications developer for real estate agencies, closed a $925,000 funding round on Friday. Read more at Twin Cities Business

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MinneAnalytics

MinneAnalytics is a nonprofit organization dedicated to serving Minnesota’s data science and analytics community. They facilitate the sharing of knowledge and ideas among analytics professionals across business, technology and decision science through their industry-specific events and conferences.

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Health care startup RetraceHealth raises funding from HealthEast, Blue Cross

RetraceHealth, a health care startup that offers patients video and in-home visits with nurse practitioners, has closed on a funding round led by two Twin Cities health care organizations and McKesson Corp.’s venture arm.

Read more at the Minneapolis-St. Paul Business Journal.

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Technology Venture Partners

Technology Venture Partners, LLC (TVP) is a private investment firm focused on growth-oriented technology companies across all stages. The firm primarily manages an $85 million venture capital fund and is involved in other private and public investment activities.

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SightLine Partners

SightLine partners manages private equity funds that invest
in late stage medical technology companies.

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Omphalos Venture Partners

Omphalos Venture Partners wishes to work with founders and entrepreneurial management teams who aspire to achieve excellence. They are actively seeking investment opportunities in privately held, US based, early stage consumer, healthcare and information technology companies.

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North Sky Capital

North Sky Capital is an independent registered advisory firm founded in 2000 to provide tailored private investment solutions for our investors. They continually assess the investment marketplace to proactively find global opportunities ahead of others while rediscovering and reinvigorating out-of-favor sectors, all with the goal to generate strong returns. To date, their tight-knit team has built more than a dozen innovative funds spanning the full spectrum of private equity and clean energy infrastructure.

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McGowan Capital Group

McGowan Capital Group prefers to invest in early to mid-stage companies throughout the Midwest … within a day’s drive from Sioux Falls. They actively seek businesses with revenues up to $20,000,000 and often take a leadership position in portfolio companies. Each partner has over 25 years experience across a variety of industries, including securities, mergers and acquisitions, banking, energy, manufacturing and private equity. They have served in senior management operating positions for major corporations and collectively managed billions of dollars in investments, assets and transactions.
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LFE Capital

LFE Capital invests in businesses with revenues of $5 to $50 million that need capital to support a plan of rapid growth. Uses of capital include working capital to accelerate growth, acquisitions, and liquidity for shareholders.

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Linn Grove Ventures

Linn Grove Ventures is a venture capital fund focused on technology to feed 9 billion people by 2050. As the world population grows, available land remains similar, and gains in productivity must come from technology. Linn Grove is focused on the Mid-Continent region in the United States and Canada as this innovation economy is home to entrepreneurs and innovative research to best meet this need.

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Coral Capital Management

The Coral Group began as a classic venture capital group. For more than 20 years, they have managed multiple types of funds, including early-stage, late-stage, regional and strategic.

In 2007, they built upon our successes and professional network by adding their second discipline, the Strategic Projects group. And today, the Coral Group has evolved – adding Industry Platforms – combining Venture Capital and Strategic Projects services to build a revolutionary new offering: solving problems for entire industries.

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Cherry Tree Investments

Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through their FINRA-licensed broker dealer. Its M&A practice targets successful business leaders and established corporations to creatively build value, and to maximize liquidity opportunities by executing professionally managed transactions. Additionally, our firm raises money for growth companies through institutional private placements, conducts valuations and fairness opinions, and performs strategic advisory services that help companies grow and prosper.

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Arthur Ventures

Arthur Ventures is a venture capital firm that invests in ambitious, mission-driven software companies. Their team works in partnership with exceptional entrepreneurs on their journey to market leadership.

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Affinity Capital Management

Affinity Capital Management works with innovative and visionary companies and entrepreneurs to create groundbreaking improvements in health care. From exciting new devices and treatments, to improved and cost effective care, to more efficient and affordable technology systems, Affinity helps to create extraordinary value in health care. Affinity has fully invested and is currently managing its fifth fund, Affinity Ventures V, L.P. Based in Minneapolis, Minnesota, a center of ongoing health care innovation, Affinity has managed over $165 million since its inception in 1993.

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Code42’s mega-deal and the med-tech rebound boost VC haul in Q4

Venture capital investment in Minnesota startups surged during the fourth quarter, making 2015 the seventh-best year on record for the state, according to a report released Friday, January 15. Read more at the Minneapolis-St. Paul Business Journal.

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GoKart Labs

GoKart Labs is a digital innovation company focused on optimizing our partners & clients business through creative marketing initiatives, web, and mobile applications.
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The Big Know Raises $3 Million in Series A Funding

The Big Know announced that it has raised $3 million in Series A funding, following a highly successful launch in October. Led by LFE Capital, the financing includes investor Steve Shank, founder of Capella Education Company. The new investments will accelerate the company’s growth through the addition of talent and technology capabilities supporting the company’s vision of creating a new model for consumer engagement: “Brand As Teacher.”

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Learn to Live Raises $1 Million Round of Funding Led by Blue Cross and Blue Shield of Minnesota

Learn to Live — a Minnesota online Cognitive Behavioral Therapy company — has raised over $1 million led by Minnesota’s largest health plan, Blue Cross and Blue Shield of Minnesota (Blue Cross). Blue Cross contributed a significant share to the raise, with additional funds coming from TreeHouse Health, Matchstick Ventures and several angel investors, including Daren Cotter, CEO of InboxDollars.

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The Network Connect

The Network Connect is a large and growing network of investors, investor groups and funds. They have embarked on a nationwide initiative to connect investors and startup companies seeking early-stage capital.

With an expanding network of preferred service providers and business partners (including business accelerators, regional economic and business development groups), The Network Connect provides businesses with a multitude of other services. The Network Connect helps business people expand their professional networks and supports small business, startups, entrepreneurs and business leaders in all sectors.

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Congress passes tax package, includes extension of R&D Tax Credit and suspension of medical device tax

With the end of 2015 approaching, federal lawmakers passed a $650 billion federal tax package. The package includes, among other provisions, a permanent extension of the federal research and development (R&D) tax credit and a two-year suspension of the medical device tax. These provisions are great news for Minnesota’s high-tech and medical technology communities.

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Minnesota’s Angel Tax Credit Program accepting 2016 certification applications

The Minnesota Department of Employment and Economic Development is accepting 2016 certification applications for the Angel Tax Credit Program. Of the $15 million in new credits available in 2016, $7.5 million is reserved for investors or investment groups funding minority-owned and -managed businesses, women-owned and -managed businesses or businesses located in Greater Minnesota.

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Meda

Media is a nonprofit that supports Minnesota entrepreneurs with a focus on entrepreneurs of color. Through accomplished and experienced professionals, MEDA offers one-on-one business consulting, training, leadership development, government contracting assistance, access to financing, networking with peers, assistance with minority certifications, strategic planning, and more.

 

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AURI

The Agricultural Utilization Research Institute (AURI) helps develop new uses for agricultural products through science and technology, partnering with businesses and entrepreneurs to bring ideas to reality.

They generate economic impact in Minnesota communities by helping businesses take advantage of innovative opportunities in four focus areasbiobased products, renewable energy, coproducts and food. They provide a broad range of services to expand markets, develop new uses and improve processes. AURI provides hands-on scientific technical assistance, and a targeted network of resources to develop value-added uses for crops and coproducts. They provide applied research services and product development assistance to create new ag-based products, process refinements and to help move them to market.

With unique facilities and professional staff, AURI is a one-of-a-kind resource that provides assistance to Minnesota businesses looking to create more value for the state’s agricultural products.

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Applications open for Target and Techstars retail accelerator program

The application process for the Target and Techstars retail accelerator program is now open. The Techstars Retail Accelerator will launch next year and will open the doors to any startup that aspires to improve the retail experience, whether online, in-store or a combination of both.

The partnership, which will seek innovations that address all aspects of retail, will have a powerful impact on the Minneapolis / Twin Cities startup community. The area was recently named by Forbes as one of the fastest growing for tech jobs in the U.S. and Target’s investment in building the startup community will only accelerate this growth.

The Techstars program, a three-month, immersive, mentorship-driven startup accelerator, will be based near Target’s headquarters in downtown Minneapolis, MN.

Applications are due in March. Click here to apply. For more information, visit Target’s website or the Minneapolis-St. Paul Business Journal.

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MyMeds

MyMeds is a secure cloud-based web and mobile application that helps you manage your meds.

By taking your meds properly, you will stay healthier. And a healthier you is a happier you.

We make it easy for you and your loved ones to take the right medication at the right time. With MyMeds, your health is in your hands.

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Rebiotix

Rebiotix Inc. is a biotechnology company founded in 2011 in Roseville, MN to revolutionize the treatment of challenging gastrointestinal diseases by harnessing the power of the human microbiome.

The company is developing an entirely new kind of biological drug designed to reverse pathogenic processes responsible for disease through the transplantation of live human-derived microbes into a sick person’s intestinal tract.

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Imbio

Imbio, LLC, was founded to commercialize quantitative, unique, state-of-the-art imaging biomarkers developed by leading universities and research institutions. Imaging biomarkers are key drivers of personalized medicine. Imbio is developing and licensing several imaging biomarkers for pulmonology and oncology that will be hosted on the company’s Cloud and Enterprise platforms. For more information, visit www.imbio.com.

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Ativa Medical Corporation

Ativa Medical Corporation has not only recognized the void for comprehensive POC testing, but has also committed to delivering an affordable diagnostic solution to decentralized healthcare settings all over the world. The spirit of their company is one driven to make a difference, and you can sense it in the culture of our team: together they are relentlessly developing a reliable system that will literally change lives.

Located in St. Paul, Minnesota, Ativa is a privately-held, emerging growth diagnostic company led by a management team with vast experience in in vitro diagnostics. They have a proven history of successfully developing and commercializing novel Point-of-Care (POC) diagnostic technologies.

With this product, they will be poised to positively change how, when and where critical tests are performed around the globe.

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SelfEco

SelfEco makes sustainable, plant-based, compostable catering products with patent-pending hanger design. And tree-free, biodegradable, home/garden planters. SelfEco products are proudly made in the USA from plant-based materials and compete with traditional plastics in both pricing and functionality.

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Reeher

Reeher is a leading developer of cutting-edge software services to improve the efficiency and effectiveness of higher education fundraising efforts. Their signature Reeher Platform provides university development leaders at institutions of all sizes with tools to track and measure effectiveness, discover new opportunities, engage constituents and improve ROI. Based in St. Paul, Minn., Reeher works with leading universities across the country, including Johns Hopkins University, Fordham University, University of New Hampshire, Saint John’s University, Duke University and more.

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Delaget

Lots of services can provide “data” on your restaurants. But Delaget goes deeper. For more than 15 years, they have helped multi-unit restaurants tap into their foodservice, reporting and technological expertise to run smarter, more profitable operations. And today, they’re helping top restaurant brands integrate their suite of analytics services to get rich, real-time insights that save time, labor and money – so they can dominate in the emerging data economy.

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Gopher Angels

Gopher Angels is a Minnesota-based network of over 60 accredited investors seeking to invest capital and expertise in early-stage MN businesses. Since its founding in 2012, Gopher Angels member investors have invested over $6.5 million in 23 early-stage companies

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Ambient Clinical Analytics

Ambient Clinical Analytics builds powerful healthcare data assimilation, communication, and analytics based decision support tools that support the ICU, Operating Room and Emergency Department. Our business model is supported by software license fees, SaaS, Cloud and system integration revenue. MD and executive team with strong track records in medicine, medical products and IT

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Civic Eagle

The social networking app that helps you learn, connect and engage with the policy issues that impact you! With features that allow you to catch up on the news, message your elected representatives, and video debate with your peers, this app will quickly get you prepared for discussing important issues.

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Woodchuck USA

Authentic, truly American-made custom wood products. We manufacture anything from phone and laptop skins, cases and sleeves to flasks, business card holders, wine boxes and much more.
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Ova Woman

Ova Woman is an online community that supports women in finding innovative health products. We want women to have full mobility and comfort as they navigate periods, pregnancy, breastfeeding and menopause. It is time for our health products to catch up to our beauty products.

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Urban Organics

Urban Organics is working to fix a broken food system one delicious meal at a time. The concept is simple. Local equals fresh. Fresh equals nutritious. Nutritious equals healthy, for people and community. The process is equally simple. Urban Organics farms with aquaponics, where fish and plants help each other grow. We’re making it happen right now in Saint Paul at the former Hamm’s Brewery. Our mission is to inspire a better food system for the people, by the people.

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YOXO

YOXO (“yock-so”) is the sustainable, recyclable, made in the USA, invent anything you can imagine toy company. YOXO’s award-winning building sets inspire kids to design and build their own toys using recyclable Y, O, and X-shaped links that connect in countless ways with everyday household materials like paper towel rolls and cereal boxes. YOXO even links with other toy building sets including LEGO®, KRE-O® and Mega Bloks®. The result: endless hours of play that fosters creativity and fuels imagination.

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Foodsby

Foodsby connects local restaurants with local office buildings to optimize food delivery – bringing offices a variety of lunch delivery options at the lowest possible cost.

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Astro HQ named overall winner of the Minnesota Cup

Astro HQ was named the grand winner of the 2015 Minnesota Cup at the Final Awards event on September 9. Astro HQ’s product is Astropad, an app that transforms an iPad into a professional graphics tablet for the Mac, allowing artists to use their iPad to draw directly into Photoshop and any other Mac creative tools they know & love.

The Minnesota Cup is a premier resource for Minnesota entrepreneurs. Minnesota Cup supports emerging entrepreneurs from across the state through events, educational programming and an annual new venture competition that provides them with tools, resources and support to launch and accelerate the development of their new ventures. The competition inspires entrepreneurs to begin their startup journey, supports them as they develop a solid business plan, provides exposure for their ideas and offers numerous opportunities to expand their networks.

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LogicStream Health

LogicStream Health was founded for one reason: to help health care organizations actualize the power and promise of their EHR. Individually, we’d spent years using traditional methods to solve problems with informatics. It’s this rich range of experience that led us all to the same point: The need to come at the solutions in a completely new way. As proven entrepreneurs and leaders, we also believed in our ability to research, test, innovate and create a platform that would deliver real value and improve lives.

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Calabrio

Contact centers are where real people have real conversations that have real impact. It’s where relationships flourish or flounder based on whether the voice of the customer can be heard. Calabrio frees the voice of the customer in today’s multi-channel contact center for better, faster decision-making at all levels of the organization, driving strategic value enterprise-wide. Our integrated software suite, Calabrio ONE, sets the standard for workforce optimization (WFO) based on one simple fact. It’s designed for people – for the way real people work, solve problems and share knowledge. Human interactions are now more human.

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Garden Fresh Farms

We are a Aquaponic operation raising rainbow trout, which create the fertilizer for growing herbs and produce indoors hydroponically. It’s always 70 degrees and sunny in our building which enables us to provide locally grown products year round without pesticiles or chemical fertilizers and only a few miles from our customers.

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Versant Ventures

Versant Ventures is a leading healthcare investment firm committed to helping exceptional entrepreneurs build the next generation of great healthcare companies. The firm invests across the healthcare sector and at all stages of company development, with an emphasis on the discovery and development of novel therapeutics. With $1.9 billion under management and offices in North America and Europe, Versant has built a team with deep investment, operating, and scientific expertise that enables a hands-on approach to company building. Since the firm’s founding in 1999, nearly 40 Versant companies have achieved successful acquisitions or IPOs.

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Split Rock Partners

Split Rock Partners is focused on supporting entrepreneurs who are building leading software and cloud-based services companies. We start by developing relationships based on integrity and mutual respect. From that foundation, we work with exceptional management teams to creatively address the challenges of scaling a business. Our decades of experience working with emerging companies have resulted in an approach that is patient, flexible, and adapts to the unique needs of each company. We invest from early revenue generation onward, supporting companies throughout their pursuit of market leadership.

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Metavention

Metavention is a venture-backed medical device company based in Minneapolis, Minnesota developing novel interventional therapies for type 2 diabetes. Founded in 2011, the company is leveraging its unique insights into the role of the sympathetic nervous system in diabetes pathophysiology to develop therapies with the potential to transform the treatment of type 2 diabetes. Metavention has assembled a world-class team of engineers, scientists, clinicians and investors to pursue its mission to improve the lives and health of people with type 2 diabetes. Metabolic Neuromodulation Therapy is not yet commercially approved and is currently undergoing clinical investigation.

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Hidrate

Drinking water is the simplest thing we can do to feel our best every day. But with daily distractions, millions of us don’t take care of ourselves the way we should. We simply forget. That’s why we built HidrateMe, a smart, connected water bottle that tracks your water intake and makes sure that you’re hydrated all day long.

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Cleantech Open Midwest

The Cleantech Open Midwest organization, a division within the larger Cleantech Open network, was founded in 2010. The Midwest organization covers the states of Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Missouri, Minnesota, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Since inception, the Midwest programs have worked with over 90 start-up companies that have gone on to raise over $20 million in external capital.

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Sofia Fund

Sofia Angel Fund II understands the exceptional innovation and value that women entrepreneurs bring to technology ventures. The Fund seeks early stage, growth oriented, gender diverse entrepreneurial companies that have women leaders on the management team and who own equity in the business. Companies in the information technology, business products and services, health and wellness, clean technology or other technology areas that have demonstrated a value proposition with their business model and are looking for capital are of interest.

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SpineThera

SpineThera designs and develops sustained-release, injectable drugs to meet the unique safety requirements for administration in and near the spine. Our proprietary drugs offer patients and physicians new treatment options that reduce risk, improve outcomes, and manage overall treatment costs in markets with few or no approved drugs.
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When I Work

When I Work helps you schedule and communicate with your employees. Put the work schedule in everyone’s pocket.
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Avionte

Avionté Software provides innovative staffing software technology solutions that are designed to provide staffing companies and recruiters a way to improve business processes and profits through extensive functionality and complete integration.

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NimbeLink

NimbeLink is a fast-growing provider of cellular modems, cellular gateway systems, and developer services, specifically to small- and medium-size companies in the machine-to-machine (M2M) connectivity market. Founded in 2013, Minnesota-based NimbeLink has brought together award-winning engineers and designers of embedded systems to develop products for, and provide services to, companies developing technology for the “Internet of Things.”

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Awear Technologies

Awear Technologies strives to make a lasting difference in the lives of young people by giving them greater control of their thoughts, emotions, and behaviors using safe and assistive neurocognitive training. Our initial product is a wireless neurosensing device that detects brain states correlated to desireable and undesirable cognitive and behavioral conditions and provides compelling visual feedback to alert the wearer.
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TransAuth

TransAuth wants to stop password theft and prevent identity theft with automatic multi-factor authentication. Secure more, do less.

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Bloom Health

Founded in 2009, Bloom brings cost predictability to employers while consumers receive expert guidance to find the benefits options that best meet their unique personal and family needs. We deliver our secure cloud-based solution and personalized support through health plan, employer and agency partners across the United States.

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Upsie

Helping you protect what you love. Available for iOS and Android, Upsie is a new mobile app that saves you between 50-90% on warranties for your gear.

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Camp Native

Camp Native is a trusted community marketplace for people to list, discover, and reserve the perfect campsite.
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Clockwork Active Media

Strategy. Design. Technology. Content. Creating digital awesome for the world since 2002. Also, we’re very nice people.

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Trovita Health

Our mission was borne of a critical need in the marketplace for nutritional products that provide higher quality ingredients, without the use of added sugar, corn syrup and artificial ingredients. We recognized that health care professionals and consumers are seeking products that fuel strength and recovery, especially when a person’s choice of nutritional intake is limited by a disease or medical treatment. Too many of the complete nutritional products available today – whether ready to drink shakes, or enteral nutrition products – are providing calories primarily from cheap ingredients, including sugar and corn syrup, and modest protein levels that don’t allow people to reach recommended intake levels, and which in most cases are not well absorbed. So we set out to change that.

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Medallion Therapeutics

Medallion Therapeutics was founded with the mission of innovating better therapies to improve the quality of life for those suffering from diseases that require targeted and sustained delivery of drugs or biologics.Our goal is to create technology that provides the safest, smallest and easiest methods of care for our patients and professionals. Our cross industry team has a proven track record and over 100 years of combined experience in bringing medical devices to market.

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FourCubed

FourCubed is recognized as a top leader in the Online Gaming Internet Marketing Industry. Their staff of industry veterans shapes interactive marketing solutions to drive traffic to online gaming operators. Their impressive website portfolio boasts top industry brands that consistently deliver quality traffic to our operator partners, resulting in new player acquisitions, retention and conversions, creating wins for both operator and player.

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Blue Belt Technologies

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StarTec Investments

StarTec Investments, LLC is a private venture capital firm founded in 1998 by Joy J. Lindsay and Thomas J. McLeod, Sr. The primary investment focus of StarTec is early stage technology companies in Minnesota.

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Matchstick Ventures

We invest where innovative ideas, huge markets and, most importantly, amazing entrepreneursstrike. We are honored to support creative folks who will stop at nothing to succeed. Matchstick exists to act as a catalyst for our founders, our startups, and our startup community.

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Beta.MN

Beta.MN is an organization of friends & founders gathering together to support Minnesota’s startup community. We believe that by throwing meaningful events, in casual settings, for the area’s brightest innovators we’ll ensure that the next big thing happens in our own backyard.

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Twin Cities Angels

Twin Cities Angels provides a formal organization for our entrepreneurially-minded angel-investor. Members share interests in: increasing their access to quality deal flow; leveraging their capital with greater investment clout from the combined dollars of the group; leveraging their time and expertise with other experienced members; making better researched and more intelligent investments through high-quality due diligence; increasing their knowledge about and how to make such investments; and socializing among like-minded individuals.

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COCO

COCO is a dream accelerator — a destination for building your venture and exploring new ideas in the company of other creators.

They offer memberships that provide access to multiple COCO spacesmeeting venues and educational and social events.

Whether you are an independent, an entrepreneur building a startup, a small business owner or a corporate innovator, COCO is a place to imagine and pursue what’s possible.

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MN Cup

MN Cup is the premier resource for Minnesota entrepreneurs. We support emerging entrepreneurs from across the state through events, educational programming and an annual new venture competition that provides them with tools, resources and support to launch and accelerate the development of their new ventures.

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Kidizen

Kidizen, Inc. is a marketplace community for buying and selling pre-loved kidstuff. Kidizen is solving the problem that nearly every parent has — a continual need to cycle through their kids’ clothing and goods. They’ve built a brand-centric retail-marketing platform that connects parents with one another and creates a sticky relationship through highly targeted content recommendations, while simultaneously making it easy to sell quality kidstuff and get a return on investment. Their SaaS model has multiple revenue streams including a per transaction platform fee, recurring revenue subscription fee for power sellers, and brand partnership revenue.

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Learn to Live

Learn to Live is an online social anxiety treatment program based on the proven principles of cognitive behavioral therapy.

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Vidku

“Our company, Vidku, believes that inspiration comes from people being fully engaged with each other, even when time and place separate them – we designed a video platform called Flipgrid for schools that teachers and students loved and others were secretly using. We went from 1 to 1 million users in a year and we raised 17 million in 17 days to build Vidku for everyone.”

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LeadPages

LeadPages™ Software is the world’s easiest landing page generator. It’s the easiest way to build conversion optimized & mobile responsive landing pages.

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Minnesota Venture Capital Association

The Minnesota Venture Capital Association is a not-for-profit group comprising members whose primary activity is the management of venture capital funds and investments.

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Minnesota Tech Jobs

Only IT and Tech Jobs, Only Minnesota

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U of M research leads to record 16 startups in FY15

Technology commercialization transforms the latest breakthroughs into everyday solutions that improve our health, environment and quality of life.

At the University of Minnesota, researchers are developing inventions that aim to tackle some of society’s greatest challenges. In fiscal 2015, the Venture Center at the U’s Office for Technology Commercialization formed a record 16 startup companies around these inventions, topping the previous record of 15 companies in 2014 and bringing the total number of startups launched to 84 since the Venture Center formed in 2006.

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MN Cup division winners each take home $30K in prize money

The Minnesota Cup has announced the winners and runner-ups in each of the 7 divisions.

Since the announcement of the 2015 MN Cup division finalists on August 18th, 21 teams across 7 divisions have been rehearsing their pitches and preparing for the next round of the MN Cup Competition. To help the teams accelerate and perfect their pitches, Joan Moser of Spoken Impact provided presentation training to these startups in sharing their business opportunity, plan, and progress with the MN Cup review boards.

On August 25th and 26th, each startup company delivered a 12-minute live presentation, followed by 12 minutes of Q & A from judges. After judges reviewed each of the 3 companies within the division, the division winner and division runner-up were selected. The winner of each division took home $30,000 and the runner-up received $5,000 to support their business idea. Congratulations to the 2015 winners! You can find the winners and runner-ups here.

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SPS Commerce

SPS Commerce is the retail industry’s largest trading community with more than 60,000 customers in over 60 countries. Tens of thousands of partners across the globe trust us to perfect their trading partner relationships. SPS Commerce sharpens omnichannel retail supply chains allowing business to advance at the pace of the consumer through a collaborative network community and the latest in cloud-based solutions.

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MicroOptx

MicroOptx is an early stage medical device company that leverages academic bioengineering, surgical expertise, micro engineering manufacturing and nano technology to provide the modern solution for the vexing problem of Glaucoma. Glaucoma causes damage to optic nerves that can lead to blindness. MicroOptx’s device is different from others on the market because it shuttles fluid to the eye’s surface, rather than other areas within the eye.

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Gravie

Gravie helps consumers choose and buy insurance, pay for it, and manage all health care expenses in one place. With Gravie, consumers don’t have to track down price comparisons, spend hours trying to differentiate between a copay and a co-insurance, determine if they qualify for tax credits from the government, or worry if they’ll get penalized under the new regulations. Gravie takes care of all of this so that no one becomes overwhelmed trying to figure it out alone. By using smart technology and by building good partnerships – with insurance companies, state health care exchanges, banks and outsourcers — they make sense of something that has historically been way too complicated.

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Code42

Code42 is a global enterprise SaaS provider of endpoint data protection and security to more than 37,000 organizations, including the most recognized brands in business and education. Our highly secure cloud solutions enable IT and security teams to limit risk, meet data privacy regulations and recover from data loss, no matter the cause.

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JAMF Software

We help commercial, education, and government organizations succeed with the Apple platform. In fact, we’re the only management solution built exclusively for Mac, iPad, and iPhone devices. By providing a simple, flexible, and scalable framework to work within, the Casper Suite helps IT admins maintain, update, and ensure their fleet of Apple devices are running at optimal performance. With an effective management solution in place, admins can rest assured their end users’ most crucial technology needs are always met—from automated software updates, to security, to inventory.

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MN Cup Finalists Announced in 11th Annual Entrepreneurial Competition

The MN Cup announced that it has advanced 21 teams of Minnesota-based entrepreneurs, inventors and innovators to the third round of the 2015 competition — the division finals.

The MN Cup is an annual new venture competition that provides entrepreneurs with tools, resources and support to launch and accelerate the development of their new ventures. Finalists were selected from 70 semifinalists across seven divisions, out of a pool of nearly 1300 original participants.

The full list of finalists can be found here.

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Kipsu

Kipsu is a Team Managed Guest Engagement Platform, which makes it easy and efficient to provide every guest with a personalized experience.

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Prevent Biometrics

Prevent Biometrics is the first and only concussion impact monitoring technology — through their Prevent™ Concussion Impact Monitor Mouthguard — that detects concussion causing impacts in real time, delivering alerts to caregivers that identify athletes for assessment.

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Astro HQ

Astro HQ makes Astropad, an app that transforms an iPad into a professional graphics tablet for the Mac, allowing artists to use their iPad to draw directly into Photoshop and any other Mac creative tools they know & love.

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Minnesota Cup names three finalists in High Tech Division

The Minnesota Cup named the three finalists in their High Tech Division at a reception on August 5 at the Minneapolis offices of Gray Plant Mooty. The three finalists were AstropadPrevent Biometrics, and Kipsu.

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NxThera

NxThera is committed to creating positive experiences and outcomes for patients suffering from urologic conditions such as BPH, prostate cancer and kidney cancer

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Minnesota companies featured on Inc. 5000 list

Inc. Magazine has released the 2015 Inc. 5000 list, featuring the 5000 fastest growing private companies in the United States. The list features 100 Minnesota companies, many of which are in science and technology. You can learn more about the Inc. 5000 and see the other Minnesota companies who made the list by visiting Inc.com

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Minnesota is the fastest-growing state for tech jobs

Recent data from the US Bureau of Labor Statistics shows that Minnesota is the fastest-growing state in the country for tech jobs with a 8.36 percent increase over the past six months to 37,600 workers. Utah and Nebraska came in second and third on the list of fastest-growing states, with six-month tech-employment gains of 5.75 percent and 5.22 percent, respectively. This information was first published on technology career website dice.com.

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minne*

minne is the organization behind minnedemo, where live software is demo-ed and everybody in the tech scene comes to network, and minnebar, an annual BarCamp conference where developers, designers, entrepreneurs, investors, and more converge to learn the latest in the tech world.

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Medical Alley Job Listings

Job postings listed by Medical Alley’s member companies.

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First Green Partners

First Green Partners is an early-stage investment firm focused on building companies that leverage advances in science and technology applied to agriculture. We pursue opportunities in precision agriculture, crop breeding technologies, environmentally sustainable ag chemicals and fertilizers (especially microbial applications), novel process technologies, and food safety.

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Exosite

Exosite’s modular, enterprise-grade IoT software platform helps manufacturers bring connected products to market.

 

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Conservis

Conservis provides farm management software to help you see your operation from the dirt up.  Track field activities, manage inventories and analyze yields.  The Conservis platform connects your information to manage your progress today and harvest opportunities ahead.  

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Rowbot

We are a startup leading the charge to bring robotic solutions to solve the most pressing problems in agriculture. We want corn growers to choose Rowbot because they know the future can have higher yields, healthier soils, and less waste.

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IrriGreen

IrriGreenTM manufactures advanced landscape irrigation systems that save water and simplify installation.  We use digital technology to precisely water to the exact landscape shape, saving up to 50% of the water required to irrigate with conventional technology.

The Genius™ irrigation system combines next-generation digital technology with a patent-pending nozzle design that evenly distributes water in the shape of any landscape.  It eliminates the wasteful overlapping arcs that conventional irrigation systems need to cover landscapes.

In addition to saving water, the eco-friendly Genius irrigation system also significantly cuts installation time and materials; up to 85% less petroleum based underground pipe is needed to install an IrriGreen system.

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75F

75F is a building automation system that makes light commercial buildings more comfortable and energy efficient. Using Internet of Things design, 75F harnesses the computing power of the cloud and packs it into smart HVAC devices that make people more comfortable, efficient and informed than ever before. 75F is easily installed and learns what to do by itself while you enjoy the comfort and savings.

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MN Cup

MN Cup is the premier resource for Minnesota entrepreneurs. We support emerging entrepreneurs from across the state through events, educational programming and an annual new venture competition that provides them with tools, resources and support to launch and accelerate the development of their new ventures.

Entering its eleventh year, the MN Cup is now the largest statewide new venture competition in the country. More than 10,000 participants have entered the competition and over 100 million media impressions have been documented since MN Cup’s inception. Participants have gone on to successfully launch their businesses, raise capital and create jobs in Minnesota. Finalists from 2005 have raised nearly $170 million to spur innovation and job creation in our state.

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Medical Alley Association

Medical Alley Association serves the individuals and organizations that comprise Minnesota’s health industry by influencing policy, fostering connections and providing critical intelligence to improve the quality of health around the world.

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Mayo Clinic’s THINK BIG Challenge to offer entrepreneurs $100,000 start-up funds, expert guidance

Mayo Clinic’s Center for InnovationMayo Clinic Ventures and AVIA have announced the Mayo Clinic THINK BIG Challenge, a national competition offering awards totaling $100,000 for entrepreneurs with innovative ideas to transform the future of health and health care.

Entrepreneurs can apply for one of two $50,000 THINK BIG challenge awards in these categories:

  • Got Health?
    This challenge will focus on healthy people staying healthy and explore areas such as eating healthy, enhancing well-being, monitoring risk factors and engaging in daily exercise.
  • I Am Not My Disease
    This challenge will tackle the presumption that people are defined by their disease and explore areas such as access to health data, health literacy and behavior modification.

In addition, Mayo Clinic experts will guide winners for a year as they develop their concepts for market. Applications are due by Saturday, Aug. 15, at transformconference.mayo.edu/think-big.

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University of Minnesota – Office for Technology Commercialization

The Office for Technology Commercialization (OTC) takes the ideas and technology that stem from University of Minnesota research, prepares this intellectual property for the market, and in some cases spins it out into new businesses. The Venture Center is the business unit within OTC that works with entrepreneurs, researchers, and investors to create start-up companies based on University research.

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University of Minnesota – Holmes Center for Entrepreneurship

The Holmes Center engages students, faculty, and the entrepreneurial business community in our teaching, research and outreach programs. Our mission is to inspire and educate the next generation of entrepreneurs.

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TECHdotMN Job Listings

Job postings listed on TECHdotMN.

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MOJO Minnesota

MOJO Minnesota is a co-operative comprised of like-minded business leaders working to fuel entrepreneurship and reignite Minnesota’s culture of innovation. We are business advisors, entrepreneurs, venture capitalists, angel investors and attorneys passionate about creating jobs and economic growth through the power of Minnesota based technology companies. Our goals are to provide a unique voice and support to Minnesota-grown innovation and shine the light on amazing new technologies developed here that will propel us into becoming a top 5 nationally ranked state for innovation and growth.

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MNVest

MNvest

MNvest is Minnesota law permitting investment crowdfunding, a new way to fund Minnesota’s growing businesses. Similar to rewards-based crowdfunding sites (like Kickstarter), MNvest will enable Minnesota businesses to legally advertise investment opportunities to all Minnesota residents, providing for wider, cheaper, and faster access to seed funding for entrepreneurs via registered funding portals.

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Minnesota High Tech Association (MHTA)

MHTA is a non-profit association of more than 300 technology companies and organizations. Together, we fuel Minnesota’s prosperity through innovation and technology. Our members include some of the world’s leading corporations, mid-sized companies and startups. We are united behind a common vision to make Minnesota one of the country’s top five technology states. Minnesota High Tech Association members represent IT, bio-sciences, advanced manufacturing, clean, green and edtech.

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DEED allocates $12 million in Angel Tax Credits

Minnesota’s Angel Tax Credit provides a 25-percent credit to investors or investment funds that put money into startup companies focused on high technology, new proprietary technology, or a new proprietary product, process or service in specified fields. The maximum credit is $125,000 per person, per year ($250,000 if filing jointly). The credit is refundable. Residents of other states and foreign countries are eligible. DEED has announced that is has allocated $12 million in Angel Tax Credits for investments in more than 80 Minnesota startup companies so far this year.

The agency said an additional $4 million in tax credits is still available for angel investments specifically targeted at startup businesses based in Greater Minnesota or owned by women or members of minority groups. Any funding for those targeted groups still unused after Oct. 1 will be made available for investments in other Minnesota startups.

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TECHdotMN Calendar

TECHdotMN’s calendar listing technology, innovation, and entrepreneurship-focused events throughout the Twin Cities.

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MHTA Events

The Minnesota High Tech Association hosts more than 40 events a year ranging from all-day conferences like the Spring Conference and Minnesota Venture Conference, to the annual Tekne Awards,  member-only networking events and Lunch & Learns.

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