In Minnesota, Healthcare Innovation Is Shifting from Devices To IT

sourced

Categories

By Lee Schafer, Star Tribune

“Health information technology is gaining ground fast on medical device innovation, and if all goes well in a few years we won’t even much notice the inevitable falloff in medical device start-ups. It’s not so much a story of a new industry that’s coming as it is of one that’s already arrived.”

Read More…

Strategic Investor Andrew Mitchell Wants To Connect Start-ups With Branding Experts

sourced

Categories

By Lee Schafer, Star Tribune

“Start-up companies looking for capital are usually happy to take any money, but even better than capital is strategic capital. It’s the money that comes from investors who also bring some expertise that helps grow the business.

Strategic capital usually comes from big companies, but strategic investor Andrew Mitchell is nothing like that, just the founder of a two-person venture capital firm called Brand Foundry Ventures.”

Read More…

Best Buy Founder Pledges $500k Annual Grant To Bolster Entrepreneurship

sourced

Categories

By Neal St. Anthony, Star Tribune

“Best Buy Co. Inc. founder Dick Schulze, who has pledged to give away up to $1 billion of his fortune to charity and education, is targeting entrepreneurship as one of his family foundation’s initiatives.

The Richard M. Schulze Family Foundation plans to spend about $500,000 annually in student scholarships, faculty support and a free online “innovation exchange” for budding entrepreneurs to connect with ideas from successful business owners and academic experts.”

Read More…

Ideal System Solutions In Minnetonka Wins Big Federal Contract

sourced

Categories

By Dee DePass, Star Tribune

“Minnetonka-based Ideal System Solutions was awarded a stake in a $20 billion federal contract — the largest award ever given to a Minnesota-based business owned by a Hispanic woman, officials announced Saturday.

Ideal is one of 65 firms that will share a $20 billion, 10-year “government-wide acquisition contract” for information technology needs. Of the recipients, 44 are small businesses. The rest are behemoths such as AT&T, Dell, IBM and Hewlett-Packard.”

Read More…

When Startups Meet, Ideas And Hype Are Put To The Test

sourced

Categories

By Lee Schafer, Star Tribune

“Everyone who dropped by the Beta.MN 2.5 event earlier this week to meet with 15 promising start-up companies got three small tokens to distribute among jars each firm had on their table.

These were small plastic tokens about the size and weight of a cheap poker chip, gold with a dollar sign on each side. It’s generous to call them worthless. I called mine bitcoins, and I took the task of allocating my worthless bitcoins very seriously.”

Read More…

Target lays off 235 in Twin Cities Tech Operations

sourced

Categories

By Kavita Kumar, Star Tribune

“Following months of anticipation, the ax fell in Target Corp.’s technology operations in the Twin Cities, where about 235 employees were let go this morning.  The retailer’s information technology units had largely been spared in layoffs earlier this year that wiped out affected about 2,500 jobs, or about one-fifth of the workers in the company’s corporate offices in Minneapolis and Brooklyn Park.

In addition to the layoffs Tuesday, Target said it will close about 35 open positions. Another 40 people will be laid off at Target’s IT center in India, where it employs about 2,600 people.”

Read More…

ReconRobotics Tries to Right The Ship After A Big Fail

sourced

Categories

By Neal St. Anthony, Star Tribune

“By 2012, the confident executives of ReconRobotics had positioned the company, surging thanks to government contracts, as the poster child of a new Upper Midwest trade group, “Robotics Alley,” and the emerging industry of all things drones and robotics.

The future remains bright for the industry. However, ReconRobotics is broke.”

Read More…

Infinite Campus Wants To Lure IT Workers To Blaine

sourced

Categories

By Lee Schafer, Star Tribune

Charlie Kratsch of Infinite Campus is all but cocky about his ability to recruit up to 400 new employees over the next few years to his company located in what he merrily called “the swamps of Blaine.”

That puts him nearly 20 miles north of the hottest area for technology firms, in Minneapolis, and even farther away from the technology cluster in and around suburban Eden Prairie.”

Read More…

Pandora Opens Minneapolis Office

sourced

By Kristen Leigh Painter, Star Tribune

“Web-based radio company Pandora is increasing its revenue by growing its physical presence. The latest destination? Minneapolis.  The online music streaming company from Oakland, Calif., hopes its new office will help rake in more advertising dollars from Minnesota companies looking to reach local and national listeners.”

Read More…

Post Navigation