The Minnesota High Tech Association is inviting innovators in science and technology from across the state to apply for the prestigious Minnesota High Tech Association 2018 Tekne Awards. The application date has been extended to Friday, August 10.
2018 Tekne Awards Due Date Extended to Aug. 10
MN SBIR news: Technological Innovations with Commercial Potential Sought by the US Department of Energy (DOE)
Non-Dilutive Funding up to $1,225,000 over three years to support scientific advances in energy …
MN High Tech Foundation Scholar Succeeds in Multiple Roles
In the Fall of 2017, Gianna Madison had three life-filling roles: full-time student at Dunwoody College, senior technician at RSP Architects, and mother to a 5-year-old.
Then, she took on another role, as a scholar. She was awarded a scholarship from the Minnesota High Tech Foundation, the philanthropic arm of the Minnesota High Tech Association. The scholarship helped Gianna continue her education and helped her beyond financial support by giving her inspiration. Continue Reading ›
Entrepreneur Profiles: Sofia Fund on the Fundamentals of Fundability
The burgeoning number of innovative startups in Minnesota’s science and tech community should be attracting more attention from early-stage funders, or angel investors, from across the U.S. and beyond. But for startups to draw more outside capital, says Cathy Connett, CEO and managing partner of Sofia Fund, “We need fundable business models.”
Entrepreneurs need to understand the fundamentals of fundability, says Connett, to know which kind of startups get early-stage funding, and which don’t.
Sofia Fund is a Minnesota-based angel capital fund which invests in high-growth women-led businesses. Connett and her partners have been investing in companies for more than 30 years, either as individuals or as part of the Sofia Fund. Sofia Fund is seeking more, and stronger, opportunities to invest. To achieve that, says Connett, “We’re trying to improve the financial sophistication of women entrepreneurs, to help them understand what investors value.”
Entrepreneur Profile: Quench Medical Finds Funding Via MN SBIR
Quench Medical is on a quest to bring life-changing improvements to treat asthma. As CEO and founder of Quench Medical, Bryce Beverlin II, PhD, has been working to commercialize his startup company’s patented process for aerosol delivery of asthma medication deep into the lungs’ small airways.
“We’ve developed a daily control medication that has the potential to control inflammation in the lungs,” Beverlin says. While existing FDA-approved drugs reach about 15 percent of lung airways, Quench Medical has shown its aerosol-based medication reaches 80 percent of the lungs. “This is truly a next-generation therapy.”
The strong potential for Quench Medical has attracted attention from numerous supporters, one of whom has been Pat Dillon, director of the MN SBIR program based at the Minnesota High Tech Association. MN SBIR is part of America’s Seed Fund, which provides federal investments for Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR). Continue Reading ›