Minnestar Announces Presenters for Minnedemo32

by The TECHdotMN Team

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On Thursday, July 18th, seven companies will take the stage at the Ordway Center for the Performing Arts in St Paul to present demos of their technology for Minnedemo32. Each presenter will have seven minutes to take the audience through their product. Organizer of the event, Minnestar, announced the presenters today.  Read more to learn about the technology featured in the showcase and get your free tickets.

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Minnesota Cup Winner MicroOptx is Raising $16.8M

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Via Minne Inno

Image result for MicroOptx logo“MicroOptx, a medical device company that won the Minnesota Cup’s grand prize in 2017, has raised $13.8 million in a planned $16.8 million round, according to an SEC filing. The company raised the $13.8 million from 48 investors, the filing states. MicroOptx could not immediately be reached for comment regarding its plans for the new funding. Maple Grove-based MicroOptx makes a device for treating glaucoma, a condition that causes damage to the optic nerve and results in vision loss. The company offers a tiny implant that aims to reduce pressure on these nerves.”

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Minnesota’s Angel Tax Credit Returns

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Via Twin Cities Business

“Minnesota’s ‘angel tax credit’ program for startup investors is back. The Minnesota Department of Employment and Economic Development (DEED) has announced that it will begin accepting applications for the program on July 1. The state has pledged to provide $10 million in tax credits this year. Another $10 million has been authorized for 2021.The angel tax credit program provides a 25 percent credit to investors who provide capital for tech-focused startups. DEED says the program is intended for startups focused on ‘high technology, new proprietary technology, or a new proprietary product, process, or service in specified fields.'”

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Student Technology Startups Featured at Macalester’s Idea Showcase Tonight

by The TECHdotMN Team

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Students participating in the Macalester Entrepreneurship program will have a chance to present their projects at the fourth annual Idea Showcase tonight at Macalester College in St. Paul. The Showcase highlights the students in the Macalester Summer accelerator and internship programs, MacStartups and MacNest, and will feature ideas ranging from self-regulating home hydroponics systems to a robot that will cut down on hospital’s expenses.

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88 Semifinalists Vying for 2019 MN Cup Crown

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88 Semifinalists Vying for 2019 MN Cup Crown

Via Twin Cities Business

“The U of M’s Carlson School of Management has announced the 88 semifinalists in the 2019 Minnesota Cup entrepreneurial competition. This year, which marks the 15th anniversary of the statewide competition, the semifinalists were chosen from a pool of nearly 1,000 candidates.

The applicant pool returned to normalcy after last year’s record-breaking applicant count of 1,661, but this year’s pool was the most diverse pool in MN Cup history, with 43 percent of candidates being female and 36 percent being people of color.”

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Sezzle Announces Entry into Canadian Market with Disruptive Payment Solution

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Via News Release

“TORONTO and MINNEAPOLISJune 24, 2019 /PRNewswire/ — Sezzle, Inc., the highest consumer-rated installment payment solution, announced today that its platform is now available to Canadian shoppers at thousands of online stores, including Italian sportswear brand Kappa. In the United States, over 3,300 retailers have chosen Sezzle as their preferred installment payment solution.”

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OnRamp Insurance Accelerator Announces 2019 Cohort

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Via News Release

“MINNEAPOLIS-ST. PAUL – June 24, 2019 – The OnRamp Insurance Accelerator welcomed five teams from around the world to the Twin Cities for its inaugural cohort. Rigorously selected by the gener8tor team from a pool of 545 applications, the five teams represent a diverse mix of founders and industries.”

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Shaking Up Clinical Education With ClinicianNexus CEO Katrina Anderson

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Via Twin Cities Business

“Wisconsin native Katrina Anderson hasn’t been through medical school, but she’s seen firsthand how grueling the process can be, especially when it comes to clinical rotations.  Before launching her own company in 2016, she worked in HealthPartner’s central education department, where she helped place medical students into rotations.”

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Twin Cities App Founder Suing Facebook Over Copyright Violation

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Via Star Tribune

“The mobile app St. Louis Park-based entrepreneur Blair Sargent created took off thanks in part to advertising on Facebook. But now he’s suing the social media behemoth in federal court, saying the company stole the name of his app, Lasso, and is tanking his business.

“I didn’t want it to come to this,” he said. “I’d like them to stop using the name.””

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Great North Labs Raises One of The Midwest’s Largest Seed Funds

by Jac Stark

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Midwest-based, early-stage venture fund, Great North Labs, announced the close of its first funding round this morning with $23.7M in committed capital. Focused on cultivating the next generation of tech startups across the Upper Midwest, this is one of the largest debut seed funds the region has ever seen.

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