Investor Update
2022 is off to a great start! Launch Minnesota is here to empower and elevate our state’s innovation ecosystem and our investor community is a critical piece. We will be reaching out quarterly to share the latest news and to highlight our latest innovation grantees.
MN Venture Event – Tomorrow
Please join the University of Minnesota Office of Technology Commercialization, Launch Minnesota, the Medical Alley Association, and the SBIR/STTR Accelerator this Friday, January 28, 2:00 - 4:00 p.m. CST to learn about arly-stage startups selected from across Minnesota. These will be quarterly events.
The virtual event is open to all types of startups raising early capital (pre-seed, seed, and series A). Each startup will have four minutes to pitch followed by two minutes for Q&A.
Register to Attend - The password to register for the event is "investinminnesota."
Angel Tax Credit Update
For 2022, $5M in credits is available, $2.5M of which is reserved for minority- and women-owned businesses, as well as businesses located in Greater Minnesota. As of Jan. 17, 2022 $2.1M in general credits and $2.4M in targeted credits remain available for allocation. Firms are also eligible for the ATC – not just individuals. Learn more
Meet the New Grantees
Launch MN will soon be announcing a new batch of grant recipients. The grantees cover a range of industries, including ed-tech, medtech, biotech and more. Learn more about the companies
BenchK12, Inc. (Eden Prairie)
Provides a next-generation talent empowerment platform that allows substitute teachers to get credentialed in days and get matched with schools needing their assistance.
Panache (Saint Paul)
Brews apple-based ayurvedic recipes infused with beneficial botanicals.
Telo LLC (Minneapolis)
Offers an innovative rollator walker that tracks users’ activity, baselines and progress to help them take back control of their mobility.
Microfluidic Biologics Corp. (Sebeka)
Develops faster, low-cost diagnostic and antibiotic susceptibility tests for urinary tract infections.
Sasya LLC (Saint Paul)
Develops cost-advantaged processes for the production of nutrition supplements.
DXD Ag Insights LLC (Rochester)
Uses data visualization and interpretable machine learning to build products for agronomists.
MarPam Pharma, LLC (Saint Paul)
Developing a one-time treatment for HIV.
Davenport SAF-T Systems, LLC (Minneapolis)
Offers a lightweight smart vest equipped with motion sensors that can detect a fall in progress.
Quench Medical Inc. (Saint Paul)
Developing an inhaled drug delivery system to treat lung cancer by directly targeting lung tumors for greater efficacy and less system toxicity.
NXGEN PORT (Saint Paul)
An innovative technology that monitors cancer patients remotely by measuring blood cell counts and heart function through an implantable port-catheter.
EduCharacter LLC (Mound)
A voice technology company developing the first screen-free, interactive learning system.
Synaptic Health (New Brighton)
Solving the problem of cognitive decline and Alzheimer’s by promoting deep restorative sleep through non-invasive, AI-driven neuromodulation.
AugmentTech LLC (Maple Grove)
Designing technology for students with disabilities.
Access application materials or locate the full list of Launch Minnesota Innovation Grants since 2019.
Please reach out with question to Neela Mollgaard, Executive Director of Launch Minnesota.
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