Here are this week’s top stories from Rochester’s entrepreneurial, startup, and small business scene.
From the Web:
- Mayo Clinic Taps U.S. Bank Stadium Contractor for Discovery Square. Last week, the Mayo Clinic announced a partnership with Minneapolis based M.A. Mortenson Company to develop the city’s Discovery Square sub-district. Discovery Square will include two million square feet of research and product development space. Building in Discovery Square is expected to begin next year.
- High-speed Rail Developers Host Chinese Group to Discuss Twin Cities-Rochester Line. Next week, the private rail developer North American High Speed Rail Group will meet with a Chinese delegation and local leaders to discuss a high-speed passenger line between the Twin Cities and Rochester to try and bring the project to life. The group’s plans involve construction of the rail on elevated tracks along US Highway 52.
- 16 Prototypes will be on Display at PlaceMakers. The final sixteen public design prototypes submitted to the PlaceMakers | Rochester Prototyping Festival will be on display from September 15th through the 17th along 3rd Street SW. The community is encouraged to attend the event, interact with the prototypes, and meet the makers behind the concepts.
- Soon-to-Premier Movie Touts Minnesota’s Vibrant, Diverse Tech Industry. DocuMNtary, a movie about Minnesota’s tech and startup scene, was produced by Nick Roseth. The documentary will debut September 22nd and then will be placed online for those in the Twin Cities, Minnesota, and beyond to download and view.
- MN Cup Names Final Eight Startups. We’re down to the final eight divisional finalists in the Minnesota Cup, the nation’s largest statewide new venture competition. Each of these eight finalists already received $30,000 in startup funds and are eligible to compete for the MN Cup Grand Prize, which includes an additional $50,000 in seed capital. The winner will be announced at the final awards ceremony on September 22nd in Minneapolis.
From Rochester Rising:
- How Crowdfunding Fueled the Med City Beat- with Sean Baker. When Sean Baker moved from Green Bay to Rochester in 2014, he was frustrated with the quality of the media establishments in the city. So, he launched his own online-only, Rochester-focused news site, called the Med City Beat. The site started to gain a lot of traction. In October of last year, Sean successfully ran a Kickstarter campaign, where he successfully raised over $10,000 from 96 backers.
- Rochester Rising Episode 8: Stewartville's Medical Device Serial Entrepreneurs, Jim and Philip Conway. Brothers Jim and Philip Conway are true serial entrepreneurs who have been building and successfully exiting companies for decades. The brothers built their first company in 1979 and broke ground for their recent endeavor, MN Medical Technologies, just last year in Stewartville, Minnesota. The secret to their success includes recognizing other people’s talents and letting them run with it.
- Lessons Learned from a Failed Crowdfunding Campaign. This week, we wrapped up our series on crowdfunding by speaking with local entrepreneur AJ Montpetit. AJ tried to use Kickstarter to raise funds for his project, a free stock drone video site. The campaign was unsuccessful, but AJ learned several lessons along the way. He recognized the importance of seeing the campaign from different perspectives, and most importantly, he learned that it never hurts to just try doing something new and different.
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