Minnesota Creates Launchpad for Growing Startups
Monday, August 19, 2019
The state that gave the world masking tape, water skis, the Milky Way candy bar, snowblowers and the pop-up toaster is about to give the next generation of startups a helping hand.
That hand is called Launch Minnesota, a new initiative being rolled out by the state Department of Employment and Economic Development. According to DEED, “Launch Minnesota will support a series of new initiatives designed to accelerate the growth of high-technology companies. The initiative is designed to lower the risk required to fund, start or grow technology businesses in Minnesota. LM will bring all of these initiatives together under a new office that acts as a touchstone for the state to support and enhance our visibility and interest in the innovation ecosystem.”
The state has identified fields such as aerospace, renewable energy, food technology, information technology, materials science and nanotechnology, among several others, as sectors that LM will seek to support and advance.