Last week the fifth annual Recognizing Awarding Valuing Entrepreneurs (R.A.V.E.) event took place in the Rochester community to celebrate and share stories of regional innovation. R.A.V.E. is hosted by Rochester Area Economic Development, Inc. (RAEDI), Journey to Growth, and 504 Corporation as part of Rochester’s Global Entrepreneurship Week.
The 2018 R.A.V.E. event drew in over two-hundred attendees including entrepreneurs, supportive services, established businesses, and community leadership.
“Look around the room. Look at the crowd we have,” explained Ryan Nolander, President of RAEDI. “It’s a wonderful evening, a wonderful event where we get to showcase our entrepreneurs and the future they have in front of them and the great things they provide for the community.”
Sprouts Childcare and Early Education Center was founded by husband and wife team Krystal and Patrick Campbell in 2018 to fill a growing childcare need in Stewartville, Minnesota and the surrounding communities. The facility is licensed for up to ninety-nine children from six weeks to twelve-years-old. Trailtopia was founded in 2013 by local entrepreneur Vince Robichaud. This Byron-based, family-run company creates and sells freeze-dried and dehydrated foods in specially engineered bags, in which the food can both be cooked and eaten. Vyriad is a Rochester clinical stage biopharmaceutical company founded in 2015 by Mayo Clinic investigators Dr. Stephen Russell and Dr. Kah-Whye Peng. Vyriad is developing multiple oncolytic viral platforms to deliver cancer therapeutics with proprietary reporter gene technology.
From 2014 to 2017, R.A.V.E. has honored sixteen regional businesses, ranging from biotech to pet product companies, including: Mill Creek Life Sciences, BrandHoot, Imanis Life Sciences, DoApp Inc., Transfuse Solutions, LiquidCool Solutions, Ambient Clinical Analytics, GoRout, Rochester Home Infusion, Area 10 Labs, Resoundant, Enlightened Equipment, Licks, Sonex Health, Envirolastech, and River Bluff Technologies.
A 2014 R.A.V.E. honoree, Mill Creek Life Sciences, a Rochester company producing clinical grade cell culture media, has grown sales by twenty-five percent annually over the last three years. The company also placed second this year in the Minnesota Cup Life Sciences/Health IT Division. Mill Creek is additionally expanding from a research reagent into a cancer therapy company.
Since being honored in 2014, Rochester website and mobile app development company BrandHoot moved into a new, larger office space. This business has also more than quadrupled their revenue since 2014 to add on additional team members.
A 2015 R.A.V.E. honoree, hardware and software football technology company GoRout has more than doubled their sales over the past three years. The company has customers in every major college football conference and recently made their first international sale. In 2017, GoRout deployed their own private national network exclusive to their technology. Since this time, over 300,000 plays have been sent over this network. The company has recently moved to a larger location in Rochester to accommodate their growth.
Sonex Health, a 2017 R.A.V.E. honoree and creator of the SX-One MicroKnife to enable minimally invasive carpal tunnel release surgery, has more than doubled in growth and revenue from 2017-2018. The company recently graduated from the Mayo Clinic Business Accelerator and has moved into a larger space in Rochester to assist their 100% increase in staff over the last year. Sonex additionally built a specialized training facility in their new location for physicians to learn how to use their technology.
Steve and Umbelina Cremer, CEO of Harmony Enterprises and Executive Director of Harmony Kids Learning Center respectively, were also honored as R.A.V.E. Lifetime Achievement Honorees. And finally, the Southeast Minnesota Capital Fund was granted the R.A.V.E. Warrior Award for their advocacy work for Rochester entrepreneurs.