Three companies from Olmsted County advanced to the MN Cup Semifinals: NanoDev Therapeutics, Zerda, and JATS.
MN Cup is the largest annual venture competition in the state of Minnesota. The contest is in its twelfth year of running and will award out $402K in seed funding. 1,500 companies entered the competition in 2016. The pool was whittled down to 80 semifinalists, announced in the beginning of June. MN Cup culminates with the Final Awards Reception held during Twin Cities Startup Week September 19-25th.
Selected semifinalists span eight divisions: Energy/CleanTech/Water, Food/Ag/Bev, General, HighTech, Life Science/HealthIT, Social Entrepreneur, Student, and newly added Youth.
NanoDev Therapeutics was selected as a semifinalist in the Life Science/Health IT division. This business is a hybrid of Mayo Clinic and MNPHARM/Garden Fresh Farms teams. Garden Fresh Farms was the Energy/CleanTech/Water Division MN Cup winner in 2013.
Zerda advances in the HighTech Division.
JATS, a women-led group, will advance in the Youth Division.