REM5 VR Lab is a relatively new entertainment destination in St. Louis Park. But its aim is to provide much more to the community than just virtual gaming. Their mission is to bring high-end, virtual reality technology to the local community. Housed in over 6,000 square feet of amazing industrial modern space, REM5 offers a state-of-the-art virtual reality experience for all ages, experience levels, and interests. The REM5 approach makes premium VR accessible, comfortable, and social.
The team at POPS! Diabetes Care, Inc. has plenty of reason to celebrate this summer. They recently closed an oversubscribed Series A funding of $6 Million, with incredible investor demand. Their product, a digital system which allows users to track and manage their A1C and insulin levels through an app and connected monitoring device, is making major waves in the healthcare space. FDA approval was reached in November of 2018, and in preliminary clinical research, their product demonstrated a 1-point drop in overall A1C for users.
Via Twin Cities Business
“Neela Mollgaard has been named executive director of Launch Minnesota, the state’s latest initiative aimed at fostering entrepreneurialism. She’ll take the reins August 26.
The program was developed, in part, during the 2019 legislative session through a collaboration between the Minnesota Department of Employment and Economic Development (DEED) and a bipartisan group of lawmakers.
Launch Minnesota brings private businesses and nonprofits together to provide financial incentives, training, and grants to individuals—especially women, veterans, and people of color—who want to start companies in technology sectors including aerospace, agriculture, nanotechnology, and medical devices.”
Minnesota has embraced startup culture, and BETA is doing their share to encourage this trend to continue. After introducing 138 startups over the last five years, BETA is now in position to help take some of their successes to a whole new level. This week marks the launch of the BETA Tournament of Champions. Eight startups will compete for over $50,000 in funding and services to help solidify their place in the market. Read More »
Via Minneapolis/St. Paul Business News – Maddy Kennedy
“Burnsville-based 75F, a startup creating sensors to heat and cool buildings more efficiently, has raised $7.5 million in a planned $15 million round, according to an SEC filing. The current funds were raised from one investor, the filing states. 75F could not be reached for comment on the round.”
Several Tech-focused, Early-stage Social Entrepreneurs Selected as Fellows for FINNOVATION Lab’s Second Cohort
Via News Release
“MINNEAPOLIS, August 6, 2019 – FINNOVATION Lab, the social business catalyst known for helping local entrepreneurs launch and scale their ventures, selected nine early-stage social entrepreneurs to make up a second cohort within the FINNOVATION Fellowship Program. The nine-month incubator kicks off this September and will support the fellows as they foster their business ideas in pursuit of lasting social impact.”
Via News Release
“Minnesota – gener8tor celebrates its eighteenth program during its Premiere Night event in Minneapolis on September 18, 2019, at The Depot. “We had over 800 applicants apply for the 2019 cohort. It was a very competitive group of finalists and ultimately we selected five companies with very different backgrounds,” said Adam Choe, Managing Director of gener8tor Minnesota. “Each of the companies is led by amazing founders tackling big opportunities.” For the past four years, gener8tor has ranked amongst the top accelerators in the United States according to the Seed Accelerator Rankings Project. In the most recent rankings, gener8tor earned “Gold,” putting it amongst the top 15 accelerators in the country. The gener8tor Minnesota 2019 cohort features companies from Costa Rica, Des Moines, Minneapolis, New Orleans, and Pittsburgh. One startup in the cohort is led by a female founder, and two are led by founders of color”
Via News Release
“MINNEAPOLIS, July 11, 2019 /PRNewswire/ — Plum Dating, https://plumdating.com an app designed to bring class back to dating, by tackling the pervasive problems of sexual harassment and ghosting on dating apps, launched today throughout the United States & Canada.”
The speaker lineup for the Enterprise Rising Conference was announced this week along with the new Enterprise Rising Underestimated Founder Program. The conference is back for its fifth year this summer on July 17 and 18, at TCF Bank Stadium, and the lineup includes successful founders and VCs from five different states around the Midwest.
Via Minneapolis/St. Paul Business Journal
“ClinicianNexus, a startup that connects students with clinical rotations at hospitals, has been accepted into the Los Angeles, Calif.-based Cedars-Sinai Accelerator, a program for innovative digital health companies. As one of the 11 startups participating in the three-month accelerator, ClinicianNexus will receive $100,000 in funding, access to Cedars-Sinai, a non-profit hospital with locations throughout Southern California, and exposure to the hospital’s broad network of healthcare experts.”