The Minnesota Cup is proud to help announce the latest news on a new book written by Terri Krivosha. Her new book "Founding a Startup: What You Need to Know" is a great resource for aspiring entrepreneurs. The book covers a wide range of topics, including developing business plans, creating projections, branding considerations, where to organize and how to structure your entity, dividing equity among the founders, valuation, making the decision to seek outside investors, pitching early angel investors, developing human capital resources including compensation, and governance.
Last week, the Minnesota Cup hosted the 2014 Semifinalist Reception at the Carlson School of Management. Over 250 guests were in attendance to celebrate the 70 companies advancing to the next round of the competition. Guests included companies, judges, mentors and local business leaders.
Greater Minnesota residents have a strong showing in this year's competition with 41 counties represented. Working with five regional partners, the Minnesota Cup has made it a priority to reach and support more entrepreneurs across Minnesota.
Going into the 10th annual Minnesota Cup, we anticipated a good turnout due to the new Food/Agriculture/Beverage division, the educational programming we offered earlier this year including our first annual Women's Event and increase in cash prizes, but we were not expecting over 1250 participants!
When we talk about the perks of entering the Minnesota Cup, the benefits are always at the top of the list. These benefits are designed to help participants advance their ideas, products or services.
The Minnesota Cup is pleased to announce that an additional benefit has been added to this year's competition. All semi-finalists and finalists will receive a free one-month PRO membership to Cafe Inc's new proworking environment in Edina, MN.
What is Twin Cities Startup Weekend EDU?
Twin Cities Startup Weekend EDU (http://twincitiesedu.startupweekend.org/) is a part of a global network of passionate leaders and entrepreneurs on a mission to inspire, educate, and empower individuals, teams and communities. Startup Weekends are 54-hour events where teachers, students, developers, designers, marketers, product managers, and startup enthusiasts come together to share ideas, form teams, build products, and launch startups! Startup Weekend EDUs are Startup Weekends with a focus on only education.
Regular readers of entreVIEW are no doubt aware that the Minnesota Angel Tax Credit, a frequent topic of interest here, ran out of funds a few weeks ago. The $12.2 million available for issuance had been used up by early March, as predicted in a prior post.
Do you have a breakthrough business idea? Are you ready to launch the next big startup? For ten years, the Minnesota Cup competition--the largest statewide new venture competition in the United States-- has supported and accelerated the development of innovative business ideas from around the state. In 2014, the Cup opens for entries on March 24th. State residents have until May 9th to submit entries to compete for $300,000 in prize money.
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.