Yesterday, Minnesota Cup hosted the inaugural Women's Entrepreneur Event sponsored by Fredrikson & Byron. It was held at the Carlson School of Management and provided the audience with an opportunity to listen to prominent women business leaders in the community. Topics included financing, choosing advisory boards, raising capital and many more!
The JOBS Act legislation created by Congress in April 2012 was supposed to help American startups and entrepreneurs gain traction quickly. The idea was simple: use the power of the Internet to "increase American job creation and economic growth by providing access to the public capital markets for emerging growth companies." Ironically, the rules for implementation written by the Securities and Exchange Commission reflect a pre-Internet world.
On Wednesday, February 12, KNOCK, Inc. hosted the inaugural SPUR event in collaboration with The Holmes Center for Entrepreneurship. The first of a series of events dedicated to helping women students connect with prominent women business leaders in the metro. It gave women students a chance to explore career paths other than large corporations and soak up advice about seeking out jobs and internships.
This morning, Minnesota Cup hosted its second 101 Series event. Entrepreneurs and local business leaders came to glean knowledge on the topic of accounting from some of the experts in the field as well as a seasoned entrepreneur. Held at the Carlson School of Management, the event helped listeners understand why accounting is the language of business.
The Minnesota Cup is excited to be a sponsor of SPARK! Annual Celebration of Innovation Event, which will feature three inspirational stories of entrepreneurial success. Taking place on Wednesday, January 22 at MUSE Event Center in downtown Minneapolis, this event features keynote speaker Greg Liberman, CEO of Spark Networks, the parent company of JDate, ChristianMingle and more than 20 other niche online communities.
This morning, Minnesota Cup hosted its first event in the new 101 Series. The topic for today was the legal side of raising capital in Minnesota. Held at the Carlson School of Management, the event attracted startups interested in learning more as well as seasoned veterans looking for a refresher on some new laws related to raising money.
With the latest announcement from 2013 High Tech Division Winner thisCLICKS on raising $4m, we thought it would be fun to share the recent successes of other 2013 Minnesota Cup division winners.
The Minnesota Cup -- the largest statewide new venture competition in the nation -- has announced that it is adding an International Division to its 10th annual competition, set to launch in March 2014. LifeScience Alley, the largest state-based life sciences trade association in the U.S. and partner of the Minnesota Cup, will serve as the division's sponsor.
The largest statewide new venture competition in the nation, the Minnesota Cup, is announcing a new category -- Food, Agriculture and Beverage -- for its 10th annual competition, launching in March 2014. It also is announcing a new prize total -- $300,000 -- for next year's winners.
Fifty-seven teams of semi-finalists in the ninth annual Minnesota Cup -- the statewide entrepreneurial contest that supports and accelerates the development of Minnesota's newest and most innovative business ideas -- worked throughout the summer to hone their groundbreaking business ideas. Today, the top three ideas in each of the six divisions in the Minnesota Cup -- Energy/Clean Tech, General, High Tech, Life Science/Health IT, Social Entrepreneur and Student -- will advance to the finalist round, and will compete for a share of $200,000 in prize money and the opportunity to bring their entrepreneurial vision into focus.
For many start-up and growing businesses, an international joint venture can be an excellent vehicle for doing business in foreign markets. This allows many businesses to explore and quickly develop capabilities with international contacts, sources, distribution of goods and services and even intellectual property. Additionally, solid joint ventures can help growing businesses with the sharing of start-up and operating costs and expenses while mitigating many risks. Furthermore, smart strategic joint ventures can help quickly expand domestic businesses much more quickly than if the start-up business would attempt such an endeavor alone.
However, the wrong joint venture with the wrong partner in the wrong market can be both very costly and ultimately detrimental to a business.
Many entrepreneurs are unfamiliar with the processes and procedures of angel networks.
Minnesota Cup is excited to announce additional benefits for our 2013 participants! Beginning this fall, Minnesota Cup sponsor Medical Industry Leadership Institute (MILI) and Carlson Ventures Enterprise (CVE) will offer services to a total of five different Minnesota Cup companies.
On Thursday, July 18, Maslon Edelman Borman & Brand, LLP and Lurie Besikof Lapidus & Company hosted an event for Minnesota Cup semi-finalists titled, Insights on Success-From the Competitors' View to the Judges' Review. The well-attended event featured winners from previous competitions as well as division and grand prize judges.
Three times a year I spend a week or two in our "cabin" in Jerusalem, Israel. I have just returned from one of my visits and am continually inspired by the entrepreneurial spirit that pervades Israel.
As many of you may have seen recently, Federal Reserve Chairman Ben Bernanke suggested to members of the Princeton University's class of 2013 an outline for approaching their new-found freedom and ideas on living their post-college lives. In addition to such suggestions being both practical as well as humorous, many of the suggestions are applicable in today's entrepreneurial and start-up environment.
One of the many benefits in becoming a Minnesota Cup semi-finalist is gaining access to premier events focused on helping entrepreneurs and ideas advance in the competition. Last night, Gray Plant Mooty and Lurie Besikof Lapidus & Company hosted a panel discussion sharing insights on how to prepare a winning submission for the next round of the competition.