The division winners of MN Cup
, the largest statewide entrepreneurial competition in the country, were announced this week with the top spot soon to be decided.
This year’s competition drew 1,300 contestants; the pool was narrowed to 21 finalists earlier this month
. After three rounds of judging, only seven remain in separate divisions:
— developer of the strong-but-small, diesel-powered StreamLine Engine
— a farmers market-quality convenience store purposed for the skyway
— household items manufacturer that utilizes fine-grained wood
High Tech: Astropad
— an app that allows iPhones and iPads to become drawing and design tablets
Life Science: Learn to Live
— an online social anxiety program based on proven Cognitive Behavioral Therapy principles
Social: Civic Eagle
— a civic social network aimed to inform the public on policy issues that will impact them
Student: Ova Woman
— a review portal for innovative women’s personal care products
Each of the division winners will receive $30,000 in seed capital to pursue their business venture. Another $50,000 is still up for grabs, which will go to the grand prizewinner of the seven remaining entrants.
A total of $327,000 in prize money will be awarded once this year’s competition is complete, the largest sum in MN Cup’s 11-year run. The $67,000 difference of money not given to division winners and for the grand prize was divvied out in various categories, such as audience favorites, runners-up, regional prizes and so on.
The winner of this year’s MN Cup will be announced in a ceremony at the University of Minnesota’s McNamara Alumni Center on Wednesday, September 9 at 5:30 p.m.