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Target Launches New Mini-Accelerator For Health-Related Startups

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By Kavita Kumar, Star Tribune

target-sign-pictures-target-logo-pictures4“While Target Corp. may be cutting some internal innovation initiatives, it hasn’t lost its appetite for working with start-ups.

The Minneapolis-based retailer is launching a new program called “Target Takeoff” to help support health- and wellness-related start-ups through a sort of mini-accelerator. It’s one of a growing number of programs in the Twin Cities aimed at helping young companies find their way and connect with the major retailers in town.”

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Blue Cross Has A New Head Of HealthIT Investments

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Screen Shot 2017-02-06 at 12.17.27 PMVia News Release

“EAGAN, Minn., Feb. 6, 2017 /PRNewswire-USNewswire/ — Blue Cross and Blue Shield of Minnesota (Blue Cross) today announced that Tom Vanderheyden has joined the organization’s senior leadership team as president of diversified business. In this new position, Vanderheyden oversees all strategies for expanding diversified businesses investments, bringing new health care products and solutions to market, and commercializing existing products and services.”

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St. Cloud HealthIT Firm Netgain Lands $25m Strategic Investment

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Via News Release

netgain-st-cloud-minnesota“ST. CLOUD, Minn., February 1, 2017 – Netgain, the leading provider of IT-as- a-service (ITaaS) to health care providers and other highly regulated industries, announced that they have received a two-stage $25 million strategic investment from Bluff Point Associates, a private equity firm focused on growth-stage investing in the healthcare IT and the financial services space.”

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HabitAware Sees Half A Million Investment For Wearable Tech

Local wearable tech startup HabitAware has raised $510k of a $550k round, per recent SEC disclosure.

Co-founded by husband and wife duo Aneela Kumar and Sameer Kumar with partners Kirk Klobe and John Pritchard —  HabitAware’s Keen bracelet is designed to stop bad habits from happening.

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Minneapolis Startup Learn To Live Is Raising $1.2m For Virtual Healthcare

Minneapolis startup Learn To Live is raising $1.2m convertible debt for virtual healthcare with $800k committed.

Launched in 2012 by CEO Dale Cook and Russell Morfitt, Learn To Live provides online delivery of Cognitive Behavioral Therapy (“CBT”) programming for stress, social anxiety and depression.

Originally offered directly to consumers, their B2B model has grown to serve organizations in three areas: higher education, payer and employer.

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Q&A With POPS! CEO Stormo On The $1.2m Funding Round

Screen Shot 2017-01-22 at 1.57.59 PMMinnesota HealthIT startup POPS! Diabetes Care just raised a second funding round to accelerate their productization path of a diabetes health management system.

Founded in 2015 by former Medtronic Executive and diabetes diagnosee Lonny Stormo, this round is POPS! second private placement since joining TreeHouse Health in February 2016.

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