Attention, Minnesota entrepreneurs: The MN Cup is back.
The statewide entrepreneurial competition, which the organization bills as the largest such event in the nation, started accepting applications for its 13th year on Monday.
MN Cup provides mentoring on business plans and how to pitch a startup to potential investors. As always, there’s also money on the line. The organization is offering more than $425,000 in prize and seed money this year eight divisions (general, high tech, energy/clean tech/water, food/agriculture/beverage, life science/health, impact ventures, student and youth). Division winners receive $30,000 and move on to compete for the grand prize of $50,000.
“Entrepreneurs are dreamers at heart,” executive director Melissa Kjolsing Lynch said in a statement. “We connect would-be innovators with mentorship, teach them about the entrepreneurial ecosystem here in Minnesota, and help them find their place in it.”
Last year’s winner was StemoniX, which creates stem cells for research and drug-reaction screening. Ping Yeh, a cofounder of the company, spoke with TCB
after the win in a Q&A about the company, the MN Cup and the future of stem cell technology.
MN Cup is taking applications through April 28. The organization is hosting a launch party
Monday night for entrepreneurs interested in learning more about the competition and to meet previous winners.