A Rochester area woman was just on Shark Tank, and shares her advice on starting a business. Beth Fynbo had the help of Minnesota Cup, a competition that showed her how to grow.
Education: B.A., communication and political science, Augsburg College; J.D., William Mitchell College of Law
Ballard Spahr partner Maggie Tatton is preparing to serve for a second time as a judge for the Minnesota Cup (MN Cup) startup competition as she continues in her role as co-leader of the 15-office firm’s mergers-and-acquisitions group.
Tatton also is among the firm’s attorneys who offer pro bono legal advice through the firm’s Ballard Academy for Student Entrepreneurs. Her opportunity to judge the University of Minnesota Carlson School of Management’s MN Cup program, which helps entrepreneurs launch and accelerate new ventures, comes as Ballard renews its sponsorship of the event, which runs from April through August.
Red Wing Ignite hosts virtual Shark Tank
Five entrepreneurs pitched their products to a panel of judges.
Posted: Apr 6, 2021 8:09 PM
Posted By: Zach Gilleland
KIMT NEWS 3 - Have you ever seen a basketball playing robot before? That was one of the products pitched at the E1 Ignite Cup Tuesday as Red Wing Ignite hosted its virtual Shark Tank.
Alijah Nelson and his company Jocklab designed the robot. He was one of five entrepreneurs that pitched their products to judges like the hit tv series Shark Tank.
The winner of the event automatically moves on to the semifinals of the Minnesota Cup, going up against other entrepreneurs in the state. Nelson said this is a great opportunity for business owners to get their feet in the door.
Minnesota s tax credit for angel investors works, should become routine February 14, 2021 11:11am Text size Copy shortlink:
It should go back to $10 million with a legislative commitment to fund it for five years.
Even at that level, it s a pittance in a two-year budget that will top $50 billion.
The Angel Tax Credit gives investors in young, private firms a tax break of 25% on investments of up to $125,000 per person or $250,000 for a married couple.
The credits should be financed not by the general fund but a tax linked to capital gains pocketed by institutional investors, traders and investment bankers.
And the Legislature should make a modest, long-term commitment to the credit. It has faced periodic uncertainty, which has discouraged promising companies and investors. The credit was omitted from the state budget in 2018 and 2020.
Female-led Abilitech Medical raises $7.4 million By Neal St. Anthony Text size Copy shortlink:
Founder Angie Conley, (middle row, left) and members of her Abilitech Medical team, as well as Minnesota Cup officials and judges, won the grand prize of $50,000 among nine finalists honored at the MN Cup awards in October at the University of Minnesota.
Abilitech Medical, which won the grand prize of this year’s Minnesota Cup entrepreneur competition, has closed on a $7.4 million round of investor capital; topping the $3.2 million in equity and debt it received in separate placements since January 2017.
Chief Executive Angie Conley said the money will be used to obtain U.S. Food and Drug Administration clearance next year of its flagship product, support a clinical study of muscular dystrophy patients at the University of Minnesota and Gillette Children’s Hospital and to fund further commercia