Episode 102: Thaddeus Medical Systems and Extreme Sandbox

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This week on the podcast we listen in to some audio from the latest 1 Million Cups Rochester. 1 Million Cups is an educational program for entrepreneurs that takes place in 180 different communities across the United States. At the most recent 1 Million Cups Rochester, we heard from Rochester based biotech business Thaddeus Medical Systems and Minnesota based company Extreme Sandbox.

·      Thaddeus Medical Systems is making a smart packaging solution for temperature sensitive products.

o   $35B is wasted in the cold supply chain each year through temperature excursions and lost packages.

o   Currently, only passive tech exists, like gel packs and Styrofoam, to protect temperature sensitive products during shipment.

o   Thaddeus Medical Systems is addressing this problem through their active, reusable, battery powered solution that includes real-time tracking of packages, temperature history profiles, and package content descriptions to increase transparency in the cold supply chain process.

·      Extreme Sandbox is a heavy adventure equipment company that allows adults to play on construction equipment for fun.

o   Extreme Sandbox was launched in 2012 and pitched on the show Shark Tank in 2016.

o   The business has three locations, two in the Twin Cities area and one in northern Texas.

o   Extreme Sandbox utilizes three primary revenue streams: individuals, corporate team building events, and student experiential learning excursions.

Join us at the next 1 Million Cups Rochester on Wednesday November 7th (during Global Entrepreneurship Week) at 9AM in the Bleu Duck Kitchen event space as we hear from local business Busy Baby LLC.