Contestants are one step closer to $327,000.
Accelerators
The competition will award more than $327,000 in prizes this year.
Startups in the state see success after winning the funding contest.
The 21 finalists will give live presentations before their respective divisions' review boards later this month, at which point division winners will be selected to vie for the grand prize.
The 70 semifinalists move to the next round of the annual competition, with $300,000 in prizes up for grabs.
An analysis of the demographics of Minnesota Cup entrants sheds light on where the state’s start-up energy is thriving.
The 10th annual entrepreneurial competition, which is the largest of its kind in the nation, is accepting entries, and $300,000 is up for grabs this year.
Next year, the statewide, entrepreneurial Minnesota Cup competition will include a “food, agriculture, and beverage” category and a total of $300,000 in prize money.
Preceptis Medical, which won $25,000 for being named a division winner, will now receive an additional $40,000.
The statewide entrepreneurial competition has chosen six divisional winners out of more than 1,000 Minnesota entrees.
Narrowed from a pool of 57 semifinalists, the 18 selected finalists will now compete for a share of $200,000 in prize money.
The 57 semifinalists move to the next round in the annual competition, advancing closer to $200,000 in prizes.
Entrepreneurs seeking exposure and a share of $200,000 in start-up capital have until May 17 to submit their proposals.
The company, founded by a former Best Buy executive, developed a mobile application platform that allows people to receive updates about their loved ones in real time from daycare providers, hospitals, and care facilities.
The six division winners, who have already secured cash prizes, will make their final business pitches before a grand-prize review board next month—and the grand-prize winner will receive another $40,000.
The start-up developed a Yelp-like website and smartphone application aimed at sustaining black-owned businesses and decreasing the unemployment rate within the black community.
Finalists will compete first for their respective division title and a cash prize; division winners will then vie for the Minnesota Cup, which comes with a $40,000 grand prize.
The pool of contestants has been narrowed down to 49 semi-finalists who are vying for a share of the $200,000 prize.