Apple Analyst Gene Munster Leaving Piper To Launch Mpls / NYC VC Fund

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screen-shot-2016-12-09-at-11-16-57-amBy Mikey Campbell, appleinsider

“Munster, known for an unwaveringly bullish take on Apple, will start Loup Ventures with Doug Clinton and Andrew Murphy, reports Benzinga. Clinton is currently part of Munster’s research team at Piper Jaffray, while Murphy served at the investment firm for nearly five years before leaving in 2012.

In a statement provided to Bloomberg, Munster said he will depart Piper Jaffray at the end of December ahead of Loup Ventures’ launch in January.  “It’s a research driven early stage VC based in Minneapolis and New York,” Munster said. “The focus is virtual reality, augmented reality, artificial intelligence and robotics.”

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A Deep Dive With MedNet Solutions CEO On The $16m Round

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rrobertson-websmallMinnetonka based MedNet Solutions closed on a $16m investment round last week to fuel the growth of their clinical trial software.

We connected with cofounder and CEO Rob Robertson for a deep dive on his firm and the deal:

What is your background as it relates to MedNet Solutions?

I am one of the original four founders of the company, which dates as far back as 2001.   This was the early stages of the eclinical and digitization of clinical trials.

Are the other three individuals still with the company?

Yes, two of them are – Brian Sweeney and Al Sherwood.

How do you describe your technology and solution in the market?

If you’re a medical device or pharmaceutical company, you have to conduct a series of FDA clinical trials to get your drug or device to the market.  Our iMedNet eClinical offering allows the trial to be conducted in an efficient, reliable and cost-effective manner.

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3M Sells Off 450 Person Biometric Tech Unit To Gemalto For $850m

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screen-shot-2016-12-08-at-5-06-32-pmVia News Release

“ST. PAUL, Minn.–(BUSINESS WIRE)–3M announced today that it has entered into agreements to sell the identity management business within its Traffic Safety and Security Division, to Gemalto, the world leader in digital security, for $850 million, subject to closing and other adjustments.”

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MN Startup MyAlerts Raises $2m And Launches A Recruiting Product

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Minneapolis headquartered MyAlerts has raised an addition $2m of external investment to capitalize on opportunity, according to founder & CEO Doug Berg.

“MyAlerts is an engagement platform for consumers to design their own custom alerts and for marketers to connect with them. In the retail space, we’ve closed a number of large companies on this model and the core business is growing nicely.  We needed a small amount of cash quickly now,” he explains,  “To expand into a new vertical, bring us cash flow positive and set us up for a larger series B round down the road.”

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Coming Soon: Welfare Watch

by The TECHdotMN Team

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Starting in January 2017, we will publish a new monthly column related to a potential financial element of owning and operating a technology company in Minnesota.

Welfare Watch will spotlight individuals, nonprofit and private companies in the local tech industry who are receiving government (read: taxpayer) financial support or subsidy — tax incentives, grants, interest free loans, reimbursements, special favors — whether directly or indirectly.

The column will be forward looking in the sense that only corporate welfare happening in January 2017 and after will be watched.

 

 

 

Medtronic Partners With Fitbit On Diabetes

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screen-shot-2016-12-07-at-12-16-48-pmBy Sam Schaust, Twin Cities Business

Medtronic will bring its iPro2 Continuous Glucose Monitoring (CGM) system, a tool used in diabetes care, to Fitbit wearable fitness devices as part of a partnership between the two companies.

The medical device maker, which maintains its U.S. operational headquarters in Fridley, announced the collaboration on Wednesday. The company said the convenience of Fitbit devices would allow diabetics to more easily understand and monitor the relationship between exercise and glucose levels.”

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Minnesota Tech Startup Foodsby Raises One Million Dollars

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screen-shot-2016-12-06-at-9-23-26-pmMinnesota tech startup Foodsby has secured a million dollars of convertible debt investment, according to this fresh SEC disclosure.

Launched in 2012 and led by CEO Ben Cattoor, Foodsby is like a virtual food truck network that uses an online ordering platform to pool and optimize everday food delivery services to corporate organizations.

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VC-Backed Zipnosis To Expand Minneapolis Footprint With T3 HQ Relocation

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By Andre Eggert, Twin Cities Business

zipnosisZipnosis said on Tuesday that it signed a lease agreement to move into T3—the United States’ first tall-wood building located in the North Loop.  The move will nearly double the square footage that the Minneapolis-based telemedicine provider occupies. The company currently is located a few blocks from T3 and as of April 2016 had about 30 employees.”

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