Have the next great business idea? The ninth annual Minnesota Cup competition -- the largest statewide new venture competition in the country -- opens today! The Minnesota Cup supports and accelerates the development of breakthrough business ideas from across the state to build the vibrancy of Minnesota's business community. Minnesota residents have until May 17 to submit entries on the Minnesota Cup website to compete for $200,000 in prize money.
The competition is free to enter and encourages entries from a wide range of businesses, entrepreneurs and inventors in six divisions:
- Energy & Clean Tech
- High Tech
- Life Science & Health IT
- Social Entrepreneur
Entrepreneurs advancing in the competition will have the opportunity to advance business ideas, gain exposure, learn about resources available to entrepreneurs, be paired with mentors, meet members of the Cup's review board - and win cash prizes if their idea is judged to be among the best entries.
"We are proud to report that more than 7,000 Minnesotans have participated in the Minnesota Cup since we started the competition in 2005," says Scott Litman, co-founder, Minnesota Cup. "In fact, finalists from just the last four years have gone on to raise more than $60 million in capital to support the development of their ideas, create jobs and broker numerous business partnerships, collaborations and distribution agreements."
For more information and to enter, please visit www.breakthroughideas.org.