The 70 semifinalists move to the next round of the annual competition, with $300,000 in prizes up for grabs.
Entrepreneurship
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.
Entrepreneurs can submit their entries until May 18 to be eligible for a share of $200,000 in cash prizes.
The company-whose noninvasive device can identify lethal coronary blockages in less than 20 seconds-beat out more than 1,000 participants before being named this year's grand-prize winner.
The six division winners will present before the grand prize review board on September 8, when the overall winner will be named and awarded an additional $25,000, along with the coveted Minnesota Cup.
Finalists will compete for their respective division title-and then for a $25,000 grand prize and the Minnesota Cup.