The winners of the 12th annual MN Cup competition were announced last week. The division winners received up to $30,000 in seed capital. The division winners are:
- Energy/Clean Tech/Water: Activated Research Company
- Food/Ag/Beverage: SelfEco Garden
- General: Berd Spokes
- High Tech: Vugo
- Life Science/Health IT: StemoniX
- Social Entrepreneurship: Asiya
- Student: Minnealloy Magnetics
- Youth: ExpressionMed
The Life Science/Health IT division winner, StemoniX, also received the competition’s grand prize: $50,000 in seed capital and professional services benefits, in addition to the $30,000 they received as a division winner.
According to a recent press release, “StemoniX is a company that conducts stem cell-based research and drug screening, which will lead to a new era of drug discovery and personalized medicine.” Stemonix Co-founder and CEO Ping Yeh was diagnosed with Hodgkins Lymphona in 2012, and is currently in remission.
“Winning the MN Cup has been a long-held dream — we can’t quite believe it came true tonight,” Yeh said in the release. “We have the opportunity for so much good to emerge from my own cancer experience, and look forward to continuing to challenge the status quo in healthcare to make breakthrough changes in the industry. Through our patented technology, we can minimize toxicity risks to patients and maximize their life after treatment. We will work to accelerate the customization of individual cancer therapies and drug treatments for the world— and we hope, play a part in the cure of diseases like cancer and Alzheimer's.”
Other prizes awarded during the 2016 MN Cup include:
- The Carlson Family Foundation awarded $25,000 to the top woman-led business, Asiya
- Meda awarded $10,000 to Asiya, as the minority entrepreneur with the most innovative business concept
- Securian Financial Group awarded $10,000 to Sezzle for an innovation that shapes the future of financial services or life insurance through technology
- Capella awarded $10,000 to FanSchool, the most innovative education technology that promotes learning solutions or builds 21st century skills
- AARP awarded $5,000 to Farmhouse Market for an innovation that improves the lives of low-income seniors
- MDA awarded $12,000 in in-kind prizes to four Food/Ag/Bev Division teams — SelfEco, Bolton Bees, Far North Spirts and True Dough
- DaBomb Bath Fizzers, a division runner-up, and StemoniX both won $1,000 in an audience-choice vote after delivering elevator pitches
The 2017 MN Cup competition will begin accepting applications in March 2017. For more information, click here.