NutriStudents K-12 is thrilled to have been selected as one of 10 semifinalists in the Food/Ag/Beverage category of the 2018 MN Cup, the largest statewide startup competition in the country. More than 1,600 startups entered the competition. Ten entrants from each of the nine categories were chosen to advance to the next round of competition. The MN Cup is hosted by the Carlson School of Management at the University of Minnesota and is sponsored by many companies and organizations contributing to the vibrancy of the entrepreneurial community and state's economic development.
We have a lot of work to do to earn a win in our division, which comes with a $30,000 prize, and the opportunity to compete against the other division winners for the overall $50,000 grand prize. We will be tightening up our business plan, creating an investor pitch deck and producing a video before the next round of judging in August. If selected a finalist in our division, we will then do a live presentation to the judges and respond to their questions.
Whether we move ahead in the competition or not, the process and mentoring we will receive from MN Cup mentors will help improve our product offering and business operations long-term.
The 2017 division winners were:
The 2017 MN Cup grand champion was MicroOptx, a medical device company that makes implants for halting the progression of glaucoma.
Now in its 14th year, the MN Cup has drawn nearly 15,000 participants in its history.