Here are the top stories this week from Rochester’s entrepreneurial and small business scene from around the web.
- “Following Meeting with Chinese, Mayo Says Rail Proposal ‘Could be the Real Deal’”- The Med City Beat. Local leaders met this week with a Chinese delegation interested in investing in a high speed railway system linking the Twin City area with Rochester. North American High Speed Rail Group, the organization behind the project, is close to moving forward with additional studies for the railway. If completed as planned, the project would build a rail from Rochester to Bloomington on elevated tracks along US Highway 52. Trains would travel at speeds up to 200 mph, covering that distance in close to thirty minutes.
- “Eden Prairie Medical Firm StemoniX Wins Minnesota Cup Venture-Capital Contest”- TwinCities Pioneer Press. StemoniX, a life science startup invested in the production and growth of stem cells and stem cell technology, won the Minnesota Cup (MN Cup) venture competition last night in Minneapolis. MN Cup is a business plan competition that seeks out new and emerging business ideas in Minnesota and pairs entrepreneurs with mentors and tools to make their ideas into viable businesses. This year MN Cup had 1,500 competitors and awarded $405K in seed money.
- “Experts Tour Rochester for Future DMC Transit Needs”- PostBulletin. Four teams of consultants traveled throughout Rochester this week by foot, bike, and bus to observe traffic flow and assess potential transportation needs as the city evolves. Previously, the DMC identified a need for integrated parking and transit systems as well as walkable and bike-friendly streets to support estimated job growth in the downtown area. Observations collected by these teams will be used to evaluate DMC’s transportation goals for downtown Rochester.
- “Artificial Intelligence Company Jvion Selected as Winner of Mayo’s Think Big Challenge”- Twin Cities Business. The Think Big Challenge national competition began in July to find entrepreneurs who could take Mayo Clinic technology to the market. The Georgia-based company Jvion was awarded $50,000 and a place as an “entrepreneur in residence” at the Mayo Clinic for their pitch to commercialize the Mayo Clinic technology Bedside Patient Rescue (BPR). BPR uses analytics to assess risk scores for hospital patients. The technology alerts caregivers when the patient’s health begins to decline.
- “Rochester Hopes Creative Installations Spark Talk of Downtown’s Future”- MPR News. Temporary structures, or prototypes, lined the streets of Rochester last weekend, hoping to engage residents in what the future of the city could look like. The three-day prototyping festival was meant to engage the creative side of Rochester and make the art community feel at home. The festival included public design structures, created by Rochester residents, including enormous chimes, a giant rocker that could fit four people, and a model of an inner ear that translated words into six different languages. Only one installation, painted crosswalks, was actually made permanent by the festival, questioning Destination Medical Center’s dedication to long-term public art in the downtown area.