Seventy Advance To Minnesota Cup Semifinals
The Minnesota Cup, an annual, state-wide entrepreneurial competition, announced Sunday that 70 teams of innovators have advanced to the semifinals and will now compete to be named finalists on August 18.
These semifinalists will be competing across seven divisions for their share of the $327,000 prize in addition to “resources and training to make their entrepreneurial visions a reality,” according to competition co-founder Scott Litman.
The 2015 prize money will allow for the finalists and winners to be awarded the most significant prizes in the competition’s history over the past decade.
“Year after year, we’ve seen our state grow as a place where innovative business ideas really take off thanks to the businesses who participate and move forward with our competition,” said Litman.
The company that won the competition last year, 75F, came from the energy/clean tech/water category and was awarded $105,000. This Mankato-based company reduces the costs of heating and cooling through the use of wireless technology.
“This year’s entrants were among the strongest and most diverse candidates we’ve seen,” said Litman. “We’re excited to see where these semifinalists will go as they move forward this summer.”