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What to know about the Minnesota Angel Tax Credit for 2015

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Last year, the state legislature extended Minnesota’s Angel Investment Tax Credit (AITC) program for 2015 & 2016, creating $30M in additional incentives for investing in certain Minnesota businesses.

Introduced in 2010, the AITC provides a 25-percent credit to qualified investors or investment funds that put money
into qualified companies focused on high technology or new proprietary technology.

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Minneapolis mobile marketer Automotion partners with GM

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Screen Shot 2014-11-18 at 10.58.24 AMMobile app maker for the automotive industry, Automotion, has made a deal with General Motors to be the preferred mobile provider across their nationwide dealer network

“This is a first of a kind partnership for us,” says President Ben Anderson, “Manufacturer’s and OEM’s are the holy grail, it doesn’t get bigger than this.”

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Eagan’s Jump Technologies scores secret strategic investment

HomeMobile inventory manager Jump Technologies has scored a $1m+ strategic investment from an unnamed healthcare organization.

CEO John Freund declined to comment on specifics of the deal or name the investor, but it prompts a peek inside this quietly growing Eagan company.

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MNvest finds bipartisan support for crowdfunding in Minnesota

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MNVest

MNvest’s movement to improve securities regulations around intrastate crowdfunding in Minnesota continues.

The preliminary legislation has acquired four early endorsements: Senators Terri Bonoff (D) & Branden Petersen (R); Representatives Joe Atkins (D) & Jennifer Loon (R).

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Little Peanut on the Go wins Mobdemo 2014

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Eight unique mobile startups took the stage yesterday to make their best quick pitch for the live audience during the annual mobile conference known as MobCon.

Ranked on technical merit, innovation and potential profitability — event attendees have spoken and selected Little Peanut on the Go as the winner of this years MobDemo competition.

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Where did AccelerateMSP money go?

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PamYorkAccelerateMSPIt has been two weeks since we openly asked some direct questions to Venture Lake representatives Tom Kieffer and Pamela York.

While those currently remain unanswered — a curious commenter reminded us about the public + foundation funding AccelerateMSP received to do something for entrepreneurship in Minnesota.

In an interview from April, AccelerateMSP CEO Pamela York stated:

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Four Minnesota tech companies earn 2014 Deloitte Tech Fast 500

New York professional services behemoth Deloitte announced today their annual ranking of the fastest growing North American technology companies.

Now on year 20, the Deloitte Technology Fast 500 measures innovation, entrepreneurship and rapid growth to identify “companies are on the cutting edge and are transforming the way we do business.”

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Minneapolis startup Buzzcut partners with Fargo Monthly, expands into ND

Buzzcut-Minneapolis startup Buzzcut is expanding into a second market through a partnership with Fargo Monthly that’s launching near end of November.

Through the arrangement, Buzzcut and Fargo Monthly will co-market the free nightlife iOS app throughout the city and drive adoption among users and merchants.

“We’re thrilled to bring Buzzcut to Fargo/Moorhead, my hometown and a community filled with passionate, friendly people and a really thriving nightlife scene,” Co founder and North Dakota native Joseph Taralson says.

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