Thirty Semifinalists Named in ‘Minnesota Cup’ Business Plan Competition
I attended and Twittered a bit at a reception Wednesday evening, June 25, at the grand, old James J. Hill Library in downtown St. Paul. (You remember old J.J., don’t you, the Bill Gates of his era?) It was an event to honor the startups who made it to the next round of the Minnesota Cup, an annual, statewide competition that seeks out aspiring entrepreneurs and their breakthrough ideas. The 30 lucky semifinalists were selected from a record of 840 entries in this fourth and largest year of the competition, and will vie for prizes that include $50,000 in cash for the first-place winner. An interesting tidbit I picked up at the reception: about 10% of the 840 entrants were Web 2.0 related.
Scott Litman, cofounder of the event, told me the competition this year was the toughest ever, and that many plans that might have made the cut in previous years didn’t. He also told me that, unfortunately, many entrants may have had great business concepts, but they were not understandable — the submissions were either poorly written, or riddled with so many acronyms and buzzwords that the judges flat-out did not know what the heck the submitter was talking about. (So, take heart, rejectees. You may be great at selling your ideas verbally — now work on the written word.)
Here’s how the Minnesota Cup site states its mission: “We’re looking for the next great entrepreneurial success story in our state. This competition is for all entrepreneurs, whether your breakthrough idea is high tech or no tech, whether you are just putting your ideas into a business plan or if you’ve been out building your venture.” Well, I wonder if it’s possible that any who entered, and especially the chosen semifinalists, could really be “no tech” in this day and age? That would be hard to imagine. And, in looking over the list, there’s nary a one that would seem not to rely on technology in their businesses. (Although some without a website certainly have the aura of no-tech at this point, perhaps awaiting prize money to build? And what’s with all the student semifinalists being listed with no websites?) As for the lack of a requirement that the business be new, i.e., that older startups can also apply, I know at least two on the list are four to five years old and still chasing $50k. Ah, hope springs eternal. Here’s the full list: Read more
Backstage Gallery: Your Ticket to Music Memories
Imagine having access to hundreds of thousands of high quality photographs of your favorite musical artists. Glimpses of concerts past. Peeks backstage and views of these musicians as they prepare for, or wind down from, their time on stage.
Backstage Gallery is a Minnesota born company that launched last month and is delivering exactly that online.
The idea for it emerged from the mind of the now retired Best Buy president of US retail stores, Mike Keskey, as he searched for high quality photographs of his favorite musicians for his new media room in a second home located in the Brainerd Lakes area.
Going online and searching he found numerous outlets at the low end selling cheap, cheesy posters alongside a handful of high end galleries that charged in the thousands of dollars for prints of photographs from renowned, published photographers.
After an exhausting search for photos suitable for framing that weren’t pedestrian or a cliche, Keskey thought, “there has to be a better way and there’s a business here!” Read more
Kwingo Launches Mobile Language Apps
What do you do when you’re a successful, female, mid-career IT and operations executive with several big-name companies, and you decide to try something different? Why, you launch a mobile web apps company, that’s what!
Actually Lisa Foote first took some time to give back by using her executive skills for a year or so of non-profit charity work (with the United Way of Minnesota), after successful stints at Target, GE Capital, and Prudential. But it wasn’t long when the for-profit drive was back, and soon she was plotting, with husband Brad Roberts, a new business idea for solving language challenges in today’s increasingly global economy. And it just so happened that Web 2.0 technology was going to play a part — because Brad, who has a highly eclectic creative and business background, had become a self-taught Ruby on Rails developer.
The Birth of Kwingo
Foote and Roberts newly discovered life as entrepreneurs soon resulted in the birth of Kwingo.net, a venture they introduced earlier this year. Its mission is to bring simple, useful productivity tools to professionals working in field occupations using web-based mobile devices as a platform for delivery.
With her experience working in large enterprises, Foote knew that labor workforces were continuing to globalize, and that language challenges would just continue to multiply. Kwingo would provide the tools workers in the field needed to communicate with coworkers who speak a different language, helping everyone work more productively and safely. Read more
Enleiten: A Social GTD
If you have any interest in personal or group productivity, it’s likely that you’ve at least become aware of David Allen’s Getting Things Done (GTD) system. It’s not only taken the corporate world by storm, it’s become the geek method/tool/approach of choice for moving far beyond a simple to-do list. The system has even spawned productivity sites like 43 Folders, an homage to one element of the GTD system, as well as its own blog and news site dedicated to GTD-centric productivity called GTD Times.
Due to the success of Allen’s GTD methodology and the sheer volume of software developers among the ranks of the faithful, tools abound for using the GTD method. From David Allen Co’s own Microsoft Outlook add-in to dozens of offerings for PC’s and Mac’s (as well as other types of tools), most work well but suffer from an increasingly evident fatal flaw: using GTD is a problem if all of your data is sitting on a single computer. More and more of us are on multiple devices and mobile…using a laptop, smartphone, desktop at home and the office (and even casually using computers in coffee shops, airports or at a friend’s house) and need to use GTD but be able to access it anywhere we have an internet connection.
In 2007 Eric Hedberg, an economics major from Carleton College, worked at Secure Computing and Stockwalk.com, the latter in financial sector software, and Hedberg became aware of the direction applications were taking by being delivered “in the cloud” (i.e., as Software-as-a-Service (SaaS) hosted and available to anyone with an internet connection) and started looking at ways to implement a SaaS data warehousing/workflow management application for the financial services industry.
After some prototyping and user feedback, he and his college friends who’d joined him (Doreen Hartzell, CEO, and Steve Bentley, in charge of interface design) realized that the best part of what they’d built was the project management piece, which delivered collaborative online workspaces using a GTD model. That revelation spawned the current company focus, Enleiten, which is a collaborative GTD application delivered in the cloud and available for single consumer users, small groups or businesses. Read more
Entire U of MN At-Your-Fingertips
Every behemoth company or institution shares a fundamental problem: they’re so big and organized in silo’s that access to the wealth of opportunities and resources they could offer is minimized. If only people on the outside could figure out what’s available, whom to call and how to engage with the right people inside, this problem could be addressed head-on.
In 2005, the University of Minnesota (UofMN) surveyed Minnesota CEO’s and asked for input from members of the Itasca Project (a group comprised of big company CEO’s and key governmental leaders) with the basic question, “What do you want from the University of Minnesota?”
The wish list was extensive and reinforced their challenges in accessing the UofMN’s opportunities and resources: ready-for-hire graduates; continuing education for employees; consulting services from University faculty; research sponsorships; access to research facilities, and more.
After more research with focus groups and outstate Minnesota analysis, in July of 2006 the UofMN created the Academic and Corporate Relations Center (ACRC) and brought on board a guy wired as an entrepreneur, experienced in startup businesses, and full of energy to deliver what has become known as “the front door” to the institution: Director, Dick Sommerstad.
As a Minnesota startup, involved with an emerging company or an intrapreneur within a corporation, you may be thinking, “What in the world could Sommerstad’s ACRC offer me?” As you’ll soon discover, there is a wealth of resources at your fingertips just waiting for you to access them. Read more
Scribbls: A Big Draw with Little Doodles
To stand out in a world that launches a new start-up company, application, or website almost hourly is not an easy task. Ask anyone who witnessed the demo at the latest Minnebar in the Twin Cities or has had the good fortune to discover the site that has been live for about three weeks and, after they stop laughing, they will tell you Scribbls is a standout.
The brain child of Watermelon Sauce* co-founders Zach Johnson and Paul Armstrong, Scribbls has been bubbling under the surface for the past few years. These chronic doodlers made the site public just three short weeks ago.
The basic premise of a scribbl is incredibly simple. Users are asked to create doodles by using existing ones and combining them. The formula, according to Zach, is a straightforward one: A+B=C. He also notes that the University of Minnesota is actually studying something similar as it applies to non-verbal communication. Scribbls on the forefront of science. Yeah, who knew?
These scribbls play on collaboration and can lead to hilarious results. They both enjoy the proliferation of people drawing and reusing bacon on the site in their doodles: “Everything is better with bacon!” they say in unison.
Your Business Card for the Web
Throughout the last few centuries, people would meet and exchange trade, social, or what we now know as business cards, ensuring they could re-connect with one another if there was any interest or need in doing so again.
This ink on paper, manual handing out process was adequate in a day when contact information was relatively static and there were inherent limitations on the number of people whom we’d ever actually meet. In a time when 75% of adults are participating, communicating and engaging with others on the Web and meeting dozens, hundreds or in some cases thousands of others virtually, a static paper card is becoming much less useful. By the millions, we participating adults are engaged in numerous social networks and affinity groups, are blogging in record numbers, possess multiple email addresses and phone numbers, use Twitter, Skype and instant messaging accounts, and often have different identities with personal, business, or some other affiliation with required contact information that can often change frequently.
One Minneapolis company has created an innovative solution to meet those multiple identity needs with a digital equivalent of the trusty paper business card, one whose capabilities go far beyond what a static paper card could ever deliver. Read more
Bellying Up to the ‘Bar for The Seven Deadlies
As part of Minnebar last Saturday I had the pleasure of sitting in on the “7 Deadly Mistakes of Start-up Marketing” presented by Curt Prins, marketing consultant focusing on emerging technology companies. In a full board room at Coffman Union on the U of M Campus, Curt took us through what he considers to the most common mistakes entrepreneurs make as they begin to develop and market their company or products. (I had a chance to Twitter those “mistakes” live but they deserve just a bit more focus.)
Mistake #1 Target Market Greed. A common problem that afflicts most new companies. In the quest to market to the most bodies, they target way beyond their sweet spot. The tighter the niche that you focus on the better results you will get. Curt demonstrated his point with a very simple “pie” chart. Cut out a slice, and then cut it again. Reaching that small piece of the pie will yield tastier results. Not to mention it’s a much better use of your marketing budget.
Mistake #2 Prospect Gluttony. Similar in nature to the above Target Market Greed, the more you wander outside of the group that really needs your product the more disappointing the results.
Mistake #3 Product Pride. It’s your baby! Clearly, it’s the answer to everyone’s needs…or do they even give a #*@? (Curt’s word, or rather, punctuation.) Your product is an extension of you and of course benefits you. Does it benefit your prospects? Read more
Minnesota’s Internet Tech Crowd Flexes Its Muscle
If one had any doubt about the intensity of our state’s information technology and Internet community, one only had to be anywhere inside the U’s Coffman Union on Saturday for the third annual Minnebar “unconference” (part of an international phenomenon called Barcamp). To say the joint was a-jumpin’ simply does not suffice. And numbers alone don’t tell the story (though attendance was an event record at 430). Rather, it was the intensity of energy through the entire day that could only impress one about this somewhat quiet, and definitely underrated, sector of Minnesota’s economy.
I was there for at least 12 hours of the event — yes, it went on that long, and no one was complaining — and I can surely say that even the most skeptical of attendees who sacrificed part of their spring weekend were impressed with what they experienced, and left beaming with an elevated sense of pride in the industry they’re a part of. One needs only to scan the voluminous talk that went on in real-time — thanks to the magic of Twitter, and all archived here — to see that something big was happening in the Gopher state on this rainy fishing-opener Saturday. (In fact, Minnebar was ranked during the day as one of the top-five conversations going on in the entire, global “Twitterverse.”) Read more
State of the State: Technology in Minnesota. A Minnebar Panel Discussion
One of the highlights of Saturday’s Minnebar was a panel discussion entitled, State of the State: Technology in Minnesota. The panelists included: Douglas Olson (Microsoft), Jamie Thinglestad (formerly of Dow Jones), Michael Gorman (Split Rock Partners), Robert Stephens (Geek Squad), Dan Grigsby (Unpossible), Matthew Dornquast (code42).
Ed Kohler at Technology Evangelist has a post with highlights here. You can also listen or download the one hour podcast below.
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The "Minnov8 Gang" Podcast
