For the second year in a row, enVerde is proud to announce we have been selected as a semifinalist in the MN Cup. Please see the communication below provided by the MN Cup on May 30, 2017:
MN Cup 2017 Semifinalists!
MINNEAPOLIS—MAY 30, 2017— Statewide entrepreneurial competition MN Cup announced today it has advanced 80 teams of Minnesota-based entrepreneurs, inventors and innovators to the semifinals of the 2017 competition. In its thirteenth year, the MN Cup is giving away a record $450,000 in total prize money.
The following semifinalists from eight divisions will compete for a share of the $450,000 in prize money, as well as the training and support to help make their entrepreneurial ideas a reality:
ENERGY/CLEAN TECH/ WATER Abyss, Carver County A-Sharp Energy, Hennepin County CD3, Ramsey County Cosine Labs, Hennepin County, minority-led enVerde LLC, Hennepin County FLUID, Ramsey County, minority-led Future Force LLC, Hennepin County Qlean Tech Enterprises, LLC, Dakota County Sironix Renewables, Ramsey County Terrafore Technologies LLC, Ramsey County, minority-led
FOOD/AG/BEVERAGE Aker, Blue Earth County, minority-led Autonomous Tractor Corporation, Wright County Dumpling & Strand, Noodlers at Large, Hennepin County, woman-led General Probiotics, Hennepin County Make It Simple, Washington County, woman-led Mississippi Mushrooms, Hennepin County Round Table Hops, Hennepin County, woman-led RSVTea, Hennepin County, woman-led Squarrel Cooperage, Becker County The Twisted Shrub, Hennepin County
GENERAL BallSkate, Hennepin County, minority-led Cedar Labs LLC, Ramsey County Chromatic 3D Materials, Hennepin County, woman-led Corridor Music, Hennepin County Dean Ultra Thin Retainer, Beltrami County DoWhimsy LLC, Carver County Elevate Hockey, Hennepin County Mako International, Hennepin County, woman-led Rhino Tools, Stearns County Z Flow Pro, Dakota County, woman-led
HIGH TECH Climb, Washington County Extempore, Ramsey County, minority-led Homi, Hennepin County, minority-led Pursuit Health Technologies, Hennepin County, minority-led Rentable, Hennepin County Rover Development, Hennepin County Starting 11, Hennepin County, woman-led, veteran led TeamGenius, Chisago County Tenicity, Ramsey County, minority-led Trust Funds, LLC, Anoka County, woman-led
IMPACT VENTURES Accessible360, Hennepin County, woman-led Binary Bridge, Hennepin County, woman-led Edji, Inc., Hennepin County GogyUp, Ramsey County Iron Range Makerspace LLC, St. Louis County Live Give Save, Goodhue County, woman-led Marbles Analytics, Hennepin County Recovree, Ramsey County, veteran-led UR TURN, Hennepin County, woman-led Venn Foundation, Ramsey County
LIFE SCIENCE/HEALTH IT Dose Health, Hennepin County FocusStart Respiratory, Ramsey County Impleo Medical, Inc., Ramsey County, woman-led Lite Run Inc., Ramsey County MicroOptx, Inc, Hennepin County Photonic Pharma, LLC, Hennepin County Sanso Health, LLC, Wright County, woman-led Smartbeat, Waseca County, woman-led Soundly, Ramsey County, Ramsey County Universal Prosthetics, LLC, Hennepin County
STUDENT Da Vinci Industries, Rice County Dolore Biotechnology, Scott County, minority-led Dotbound, Ramsey County Farm Vision Technologies, Ramsey County KinoSol, Ramsey County, woman-led Outdoors Advisor, Nicollet County Primate Longboards, Blue Earth County Snap Net, Anoka County UnderRecruited Preps, Blue Earth County, minority-led Venew, Nicollet County, minority-led
YOUTH BelMaugh, LLC, Ramsey County Chatter, Ramsey County, minority-led Crimson Café, Hennepin County, minority-led Eye on Walleye, Hennepin County, woman-led Green Garden Bakery, Hennepin County, woman-led, minority-led Hidden Gem, Inc., Ramsey County, minority-led Peacebunny Island, Meeker County Pocket Pollinator, Hennepin County, woman-led, minority-led Versital, Hennepin County, minority-led Via, Olmsted County, woman-led, minority-led
The big news for this year’s competition — MN Cup is celebrating a record number of applications by minority-led teams. Out of the 520 teams in the 2017 competition, 29 percent are led by minorities, and 37 percent are led by women. In total, 1,280 creators, dreamers, and innovators from around Minnesota have sought out MN Cup to help them down the road to entrepreneurial success. Participation is also record breaking for our youngest business-builders, with a new high — 12 percent of the teams are led by students.
Applications for the 2017 MN Cup competition opened on March 20 and closed on April 28, giving entrants seven weeks to complete an entry form about their business idea, detailing three key sections: opportunity, plan and progress. Teams compete in one of eight divisions: Energy/Clean Tech/Water, Food/Agriculture/Beverage, General, High Tech, Life Science/Health IT, Impact Ventures, Student (for enrolled grad school or undergrad students ages 19-30) and Youth (age 18 and younger). Those who advanced to the semifinalists level will meet with experienced mentors throughout the summer to craft detailed business plans.
Three finalists from each division will be chosen to present final business plans in August. Winners from each of the eight divisions will be announced in late summer. Each division runner-up will receive $5,000, while division winners receive $30,000 and a shot at the $50,000 grand prize and $20,000 second prize. The Youth division will award a total prize of $20,000 — the first place winner will receive $10,000, and the second and third place winners and semifinalists will divide up the remaining funds. Competitors in every division are also eligible to win dedicated prizes, including from The Southern Minnesota Initiative Foundation, Carlson Family Foundation, Meda and DEED, Securian Financial Group, Capella and AARP.
At the MN Cup awards celebration on October 9 at the University of Minnesota, one will be chosen as 2017’s best breakthrough business idea. More than 13,000 Minnesotans have participated in MN Cup since it began. Finalists have gone on to raise more than $230 million in capital to support the development of their ideas, create jobs, and broker numerous business partnerships, collaborations and distribution agreements.