Source: KARE 11

MN Cup announces 27 finalists ready to innovate in their industries

August 18, 2022

On Monday the University of Minnesota’s Carlson School of Management named 27 finalists in the MN Cup. The annual competition allows startups and small businesses with innovative ideas an opportunity to compete for up to $75,000 in seed capital.

The champion in each of nine divisions will receive $25,000, and the grand champion among all the divisions will receive an additional $50,000. Total cash prizes for 2022 are $400K, which includes special prizes for top woman, BIPOC, veteran and greater MN teams.

Out of the more than 2,500 Minnesotans who applied, 27 finalists were named -- three in each division. One business that made this year’s finals in the “impact ventures” division is TurnSignl, an app that aims to deescalate roadside interactions between drivers and law enforcement.