Two weeks ago at the McNamara Alumni Center on the University of Minnesota campus the 3rd Annual Minnesota Cup announced Muve, Inc as Minnesota's Top Breakthrough Business Idea. The prize being $25,000 in seed capital and lots of consulting and business services from sponsors of the event.
Muve is doing groundbreaking research study on obesity from The Mayo Clinic. John Montague and Dr. James Levine of Muve, Inc. are prepared to commercialize products and services to cure the global obesity epidemic.
2nd Place and $5,000 went to It’sFresh! who are working to work to deliver comprehensive solutions focused on food freshness designed to increase consumer satisfaction, taste and quality, through simple, easy-to-use solutions.
3rd Place and $2,5000 went to Persata, a free-flowing community of users who build "Crowds" around specific topics and collect quantitative information, as opposed to writing articles or blogs, in order to build a mini, topic-specific database on the fly.
Winning the student award was uTead.com. They get $5,000. uTead.com is creating an online service that will facilitate the graduate school application process that debuted this month.
The 2nd, 3rd and student winners also get consulting and business services from event sponsors.
Minnesota Cup was created by local entrepreneurs Scott Litman and Dan Mallin both of SDWA Ventures. They started the competition in 2005 as a way to find the areas most innovative business concepts.
This year more than 500 entries were submitted. Semi finalists can be found by clicking Minnesota Cup 2007 Semi-Finalist.
Also honored that night as “Entrepreneur of the Year” was Robert Stephens, founder of Geek Squad.
Graeme Thickens who writes the Tech~Surf~Blog was in attendance and has a great write up of the event, 'MN Cup' Awards: A Celebration of MN Entrepreneurship. Graeme does a fantastic job of covering Minnesota companies and local entrepreneurs.
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