Minnesota’s Lake County Looks For Exit On Broadband Project

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By Lee Schafer, Star Tribune

“One of the biggest projects to bring broadband to rural areas has reached a crossroads with the decision by Lake County to try to sell its Lake Connections broadband operation to, well, anybody who will take it over and keep it going.

Sorry to cast doubt on the odds of a successful sale, but what has been learned so far about bringing broadband to this sparsely populated northeastern part of the state is that it sure won’t be easy. Getting the county out of the deal whole financially won’t be, either.”

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Kaleidoscope Group Signs Investment Deal with GoKart Ventures

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Via News Release

“MINNEAPOLIS, June 30, 2017 /PRNewswire/ — Kaleidoscope Group, an edtech public benefit corporation, today announced an investment deal with GoKart Labs, LLC, a digital innovation lab that uses collaboration and human centered design to further disrupt ideas in education, healthcare and financial services. GoKart Labs’ investment contributes to Kaleidoscope’s total capital raise of more than $650,000 to support the launch of a new cloud-based scholarship management platform.”

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Minnesota’s Angel Investor Tax Credit Is Dead — And Why That’s A Good Thing

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As you read the words that form this opinion, know that we have a vested interest in the success of Minnesota’s technology entrepreneurs and the startup community at large. It’s formed with only the longest and strongest views in mind — extending beyond blind, blanket support in any form just for the sake of it.  Not all support is created equal as some methods have unintended consequences, moral or practical trade-offs to consider.

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Updates On MNvest Intrastate Equity Crowdfunding

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Via Crowdfund Insider

MNvest has tweeted out an interesting graphic that tracks sector progress for investment crowdfunding in the state of Minnesota. For those not in the know, MNVest is the advocacy group, as  well as the name of the law, that helped to make Minnesota’s state crowdfunding exemption a reality. Without MNVest (the group that is) it is arguable little would have been accomplished.”

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Mayo Clinic Backs Software To Bring Cancer-Fighting Gene Therapies To Market

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By Jonathan Shieber, TechCrunch

“Behind the incredible process of developing targeted gene therapies to fight diseases like cancer lies an incredibly mundane problem that prevents these treatments from getting to patients — paperwork and procedures.

While $5.7 billion was invested in companies developing cellular and genetic therapies, and with 800 clinical trials initiated worldwide and the first two CAR-T cell therapies expected to launch into market later this year, businesses still say the ability to get these treatments to patients is limited by paperwork, supply chain management, and last mile delivery.

So GE (through its GE Ventures arm), the Mayo Clinic (through Mayo Clinic Ventures) and the venture investment firm DFJ have invested $13.75 million to back Vineti — a software platform the companies are billing as a solution to gene therapy’s supply chain problem.”

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Optum’s VC Arm Backs Mobile Data Startup Mindstrong Health

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Via PE Hub

“Palo Alto, California-based Mindstrong Health, a diagnosis startup, has raised $14 million in funding. Foresite Capital and ARCH Venture Partners led the round with participation from other investors that included Optum Ventures, Berggruen Holdings and the One Mind Brain Health Impact Fund.”

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