Twin Cities Business: Minnesota Grants $1 Million to 43 Local Startups

The Minnesota Department of Employment and Economic Development (DEED) on Tuesday announced it has awarded $1,189,500 in Launch Minnesota innovation grants to startups across the state. Of those 43 startups, 25 were entrepreneurs of color, veterans, women, or located in greater Minnesota.

Launch Minnesota, an initiative spearheaded by MN DEED, seeks to level the playing field by providing access to resources, talent, and funding, said Neela Mollgaard, executive director of Launch MN. “These businesses are solving big problems that will define our state’s next chapter. Providing grant funding to early-stage companies positively impacts not just the founders, but local communities and those benefiting from the innovative solutions being developed and deployed,” she said.

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