Entrepreneurs compete for cash, bragging rights with Minnesota Cup


Attention, entrepreneurs and inventors. The ninth annual Minnesota Cup competition opens for entries today.

The Brainerd Dispatch reports that the Minnesota Cup is largest statewide new venture competition in the country. The competition, which offers $200,000 in prize money, is free to enter.

There are six divisions — Energy/Clean Tech, General, High Tech, Life Science/Health IT, Social Entrepreneur and Student. Minnesota residents have until May 17 to submit entries on the Minnesota Cup website — http://www.breakthroughideas.org.

Each division winner will be awarded $25,000. (Two exceptions: the student division award is $10,000, and the social entrepreneur division award is up to $20,000.) One runner-up in each division will receive $5,000. Winners from each division will compete for an additional $40,000 grand prize.

More than 7,000 Minnesotans have participated in the Minnesota Cup since it started in 2005.

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SHELBY SHARES: Entrepreneurs compete for cash, prestige at Minnesota Cup

About 1,000 inventors and innovators entered the eighth annual Minnesota Cup competition this year, each with a bright idea that they hoped would awe the judges – and maybe change the world. Only six made the finals.

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A new report from the Kauffman Index of Entrepreneurial Activity suggests on average, there are 320 entrepreneurs per 100,000 people around the country. In Minnesota, that number is only 230. Our neighboring states didn't fare much better.