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The Minnesota Cup
The Minnesota Cup competition allows emerging Minnesota entrepreneurs and start-up companies to compete for the opportunity to meet investors and win prizes, including seed capital. History The Minnesota Cup competition started in 2005 by entrepreneurs Scott Litman and Dan Mallin Dan Mallin is a Minnesota entrepreneur, Co-Founder and Managing Partner of Magnet 360, Co-Founder of The Minnesota Cup, Entrepreneur-in-Residence of the Gary S. Holmes Center for Entrepreneurship at the Carlson School of Management, and a Board Me .... The first competition drew 600 entries who competed for $37,500 in prize money and professional services. The second annual competition introduced a student division and began on May 26, 2006.Suzukamo, Leslie Brooks (2 April 2006)"Prize offered for bright ideas,"''Pioneer Press'' (St. Paularchived on breakthroughideas.org/ref> The competition has grown over time with the top prize increasing to $50,000 in 2008.Suzukamo, Leslie Brooks (31 March 2008)"Minnesot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Entrepreneur
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. More narrow definitions have described entrepreneurship as the process of designing, launching and running a new business, which is often similar to a small business, or as the "capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit." The people who create these businesses are often referred to as entrepreneurs. While def ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Start-up Companies
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Seed Capital
Seed money, sometimes known as seed funding or seed capital, is a form of securities offering in which an investor invests capital in a startup company in exchange for an equity stake or convertible note stake in the company. The term ''seed'' suggests that this is a very early investment, meant to support the business until it can generate cash of its own (see cash flow), or until it is ready for further investments. Seed money options include friends and family funding, seed venture capital funds, angel funding, and crowdfunding. Usage Traditionally, companies that have yet to meet listing requirements or qualify for bank loans, recognize VC as providers of financial support and value added services. Seed money can be used to pay for preliminary operations such as market research and product development. Investors can be the founders themselves, using savings and loans. They can be family members and friends of the founders. Investors can also be outside angel investors, v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scott Litman
Scott Litman (November 18, 1966) is a Minnesota entrepreneur, co-founder of The Minnesota Cup and previous CEO and co-founder of Imaginet. Today, he serves as the co-founder and managing partner of Minneapolis-based Magnet 360. Career In 1998, Litman was named a 40 under 40 by CityBusiness for the success of Imaginet. On the 135th Anniversary of the founding of the University of Minnesota The University of Minnesota, formally the University of Minnesota, Twin Cities, (UMN Twin Cities, the U of M, or Minnesota) is a public university, public Land-grant university, land-grant research university in the Minneapolis–Saint Paul, Tw ... College of Liberal Arts, Litman was published in the book ''135 Voices'' representing the class of 1990. In 2005, Litman and long-time business partner Dan Mallin co-founded The Minnesota Cup. The competition was started to promote ground-breaking business ideas and is opened to all Minnesotans. Winning participants are awarded a share of over $ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dan Mallin
Dan Mallin is a Minnesota entrepreneur, Co-Founder and Managing Partner of Magnet 360, Co-Founder of The Minnesota Cup, Entrepreneur-in-Residence of the Gary S. Holmes Center for Entrepreneurship at the Carlson School of Management, and a Board Member of various organizations. Dan spent the early years of his career at 3M, as a Technologist Manager. In 1995, Mallin Co-founded Imaginet LLC., a consultancy providing internet-based solutions, with business partner Scott Litman. They sold the company to J. Walter Thompson in 2001, where Mallin then became the North American COO of the company. Together, Mallin and Litman founded Spot Buy Spot in 1996, a company that developed IT services and Software to help media buyers manage inventory in the advertising industry. The company was eventually sold to Comcast Comcast Corporation (formerly known as American Cable Systems and Comcast Holdings),Before the AT&T merger in 2001, the parent company was Comcast Holdings Corporation. Com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Star Tribune
The ''Star Tribune'' is the largest newspaper in Minnesota. It originated as the ''Minneapolis Tribune'' in 1867 and the competing ''Minneapolis Daily Star'' in 1920. During the 1930s and 1940s, Minneapolis's competing newspapers were consolidated, with the ''Tribune'' published in the morning and the ''Star'' in the evening. They merged in 1982, creating the ''Star and Tribune'', and it was renamed to ''Star Tribune'' in 1987. After a tumultuous period in which the newspaper was sold and re-sold and filed for bankruptcy protection in 2009, it was purchased by local businessman Glen Taylor in 2014. The ''Star Tribune'' serves Minneapolis and is distributed throughout the Minneapolis–Saint Paul metropolitan area, the state of Minnesota and the Upper Midwest. It typically contains a mixture of national, international and local news, sports, business and lifestyle content. Journalists from the ''Star Tribune'' and its predecessor newspapers have won seven Pulitzer Prizes. Hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OrthoCor
OrthoCor Medical, Inc. is a privately owned medical device company based in Arden Hills, Minnesota. Founded in 2007, OrthoCor develops drug-free, noninvasive, mobile medical devices aimed at alleviating pain and reducing edema. History The company initially worked to address the untapped market between analgesics and joint replacement surgery. In 2009, OrthoCor received Class III clearance from the U.S. Food and Drug Administration (FDA) for the Active System. Product In August 2010, the company introduced the OrthoCor Active System, a Class III medical device, following approval from the FDA. The OrthoCor Active System is indicated for adjunctive use in the palliative treatment of post-operative pain and edema in superficial soft tissue. Awards In 2012, OrthoCor was named the winner of The Minnesota Cup The Minnesota Cup competition allows emerging Minnesota entrepreneurs and start-up companies to compete for the opportunity to meet investors and win prizes, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Minnesota
The economy of Minnesota produced US$312 billion of gross domestic product in 2014. Minnesota headquartered 31 publicly traded companies in the top 1,000 U.S. companies by revenue in 2011. This includes such large companies as Target and UnitedHealth Group. The per capita personal income in 2016 was $51,990, ranking sixteenth in the nation. The median household income in 2013 ranked eleventh in the nation at $60,900. Industry and commerce Minnesota's economy has transformed in the past 200 years from one based on raw materials to one based on finished products and services. The earliest industries were fur trading and agriculture. Agriculture is still a major part of the economy even though only a small percentage of the population, less than 1%, are employed in the farming industry. Minnesota is the U.S.'s largest producer of sugar beets, sweet corn, and green peas for processing and farm-raised turkeys. State agribusiness has changed from production to processing and th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2005 Establishments In Minnesota
5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. It has attained significance throughout history in part because typical humans have five digits on each hand. In mathematics 5 is the third smallest prime number, and the second super-prime. It is the first safe prime, the first good prime, the first balanced prime, and the first of three known Wilson primes. Five is the second Fermat prime and the third Mersenne prime exponent, as well as the third Catalan number, and the third Sophie Germain prime. Notably, 5 is equal to the sum of the ''only'' consecutive primes, 2 + 3, and is the only number that is part of more than one pair of twin primes, ( 3, 5) and (5, 7). It is also a sexy prime with the fifth prime number and first prime repunit, 11. Five is the third factorial prime, an alternating factorial, and an Eisenstein prime with no imaginary part and real part of the form 3p � ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
