entrepreneurship

How Tech Can Help Outstate Minnesota

How Tech Can Help Outstate Minnesota

A natural match: Metro tech companies need talent, while outstate Minnesota needs jobs
Dilema: Greater Minnesota needs jobs, while Metro tech firms need people. What if there was an overlapping solution? What if there was a way to bring tech jobs to the rest of Minnesota?

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Calling all entrepreneurs: Round 2 of Ignite Cup set for April 18

On April 18, Red Wing Ignite will host the second annual Ignite Cup, a competition for start-up businesses in southern Minnesota. The winner will have the chance to compete as a semifinalist in the statewide MN Cup business competition.

"The Ignite Cup brings a voice to some of the greatest minds in the area," said Neela Mollgaard, executive director at Red Wing Ignite. "We're excited about the collaborative nature of this event and partnership with the MN Cup."

To compete in the Ignite Cup, start-ups must complete an online application by March 31. On April 7, five applicants will be selected to present their businesses to a panel on April 18. The panel, featuring qualified economic development professionals, will then select a winner to move onto the MN Cup, where competitors have a chance to gain business plan feedback, mentorship opportunities, media exposure, networking opportunities, and $400,000 in available seed funding.

All Ignite Cup competitors will receive feedback and regional networking opportunities. The Ignite Cup is open to any southern Minnesota resident interested in business innovation.

To apply, go to www.ignite-cup.eventbrite.com. If you have further questions, contact Shannan Harris with Red Wing Ignite at 651-327-2154.

Viewpoint: Red Wing Ignite living up to its name

I would like to share with the Red Wing community about a resource available in our fine city that is unique and extremely valuable. Have you heard of Red Wing Ignite? Ever wonder what the organization does and what it's all about?

I like to think of Red Wing Ignite as our tech and innovation hub — a place for entrepreneurs, experienced as well as beginners and those who love technology to learn, share and grow.

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Startups bring vibrance to rural areas

RED WING — An ambitious headline from an August VentureBeat article read: "In 5 years, the Midwest will have more startups than Silicon Valley."

The area is known more for agriculture than for for technological innovation, but that's not to say the drive isn't there.

Nonprofit organization Red Wing Ignite is helping ambitious entrepreneurs find the resources they need in the Goodhue County town.

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Lt. Gov. Smith discusses 'exciting' collaborations with Red Wing Ignite

 Red Wing Ignite Representatives met with Lt. Gov. Smith

Red Wing Ignite Representatives met with Lt. Gov. Smith

By Maureen McMullen on Oct 19, 2016 at 11:37 a.m.

Lt. Gov. Tina Smith visited with Red Wing Ignite representatives and toured the building Thursday as part of her "87 Counties in 86 Days" tour, which also included visits to Dodge and Wabasha counties this week.

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Rural tech startups see success across the US

While tech startups have become synonymous with urban areas that offer improved access to talent, resources and infrastructure, the reality is that rural areas are also home to startups.

This may come as a surprise to those who have moved away from rural areas specifically to find a job in the tech industry..

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Southeast Minnesota explores how to make hay in the emerging creative economy

A Cloudy Economic Picture for Rural Minnesota

Red Wing Iron Works

The McKnight Foundation commissioned writer Jay Walljasper to do a series of reports looking at the prospects and challenges in Minnesota’s 80 counties outside the metro area. According to Jay, "a cloudy economic picture emerges in recent figures from the Minnesota’s Department of Employment and Economic Development. There are more than two job seekers for every position open — with 45 percent of those jobs part-time. The median wage for all jobs is $11 an hour, while DEED’s cost-of-living research shows $14.50 is necessary to support a family in Southeast. Three Southeast counties — Winona, Mower and Fillmore — have poverty rates above the state average. Meanwhile, broadband connections are spotty in some places and firms face steep hurdles in attracting young talent. 

The Solution?

The key to success in the changing economy of the 21st century “is for a community to be specialized — have something they are known for,” explains Tom Fisher, dean of the University of Minnesota’s College of Design and a national authority in the new field of community resilience. “And not just low wages or soybeans, which leaves you vulnerable if a decision in some far-off city closes a factory or changes the price of a crop. Small towns need help gaining the confidence to go in a new direction and stand out — that’s what you need to thrive.”

Red Wing Community & Red Wing Ignite

"...Red Wing’s key assets: the river, the bluffs, downtown’s central role in the community, proximity to the Twin Cities, the elegant city-owned Sheldon Theater, a strong historic preservation ethic, a growing arts and handicrafts community, unique locally-owned businesses, growing ethnic diversity as seen by three Mexican groceries, low rent in handsome old buildings and, most of all, people embracing a big vision for the community.

What Red Wing Ignite is Doing about it

The Red Wing Ignite Innovation Center is a locally grown initiative partnering with US Ignite, a project of the National Science Foundation and the White House for making sure the next generation of Internet applications creates wider public benefits. In addition to state-of-the-art Gigabit Internet service reaching all households in town by the end of the year, Red Wing Ignite has launched a business accelerator connecting entrepreneurs with investors, mentors, and regional and national partners. They also host regular educational and networking events as well providing offices and meeting venues at a new co-working space in the former Red Wing Shoe headquarters downtown.

Additionally, Red Wing enjoys high levels of civic involvement, as seen in Live Healthy Red Wing, a coalition of 10 organizations promoting better health through projects like walking and biking guides, safe routes to school plans, community gardens, school nutrition programs and improvements to crosswalks and park trails. “People are drawn to big cities that are healthy,” says coordinator Michelle Leise, “and the same goes for smaller towns where you can walk, bike, garden and connect with people.”

John Becker muses how Red Wing could look in a few years: “The schools are full, there’s a strong sense of community and purpose, there are plenty of public gathering places, the city is more walkable and bikeable with lots of business opportunities, lots of independently-owned businesses, not a lot of franchises and large parking lots, everyone knows their neighbors.”

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Red Wing Ignite and Mayo Clinic Business Accelerator to host a joint startup Demo Day

Red Wing Ignite and the Mayo Clinic Business Accelerator,  two Southeast Minnesota business incubators, are teaming up to organize recurring events where Southeast Minnesota startups can showcase their products and solutions.

Up to 6 high-tech companies, a mix of them from the Twin Cities area Rochester area and Red Wing are being selected to present at the first Demo Day, which will be held in Red Wing Ignite on April 16th from 6:00pm. The event is free and open to the public prior registration at http://redwingdemoday.eventbrite.com/.

“Very remarkable entrepreneurial strides have been made in Rochester in the last few years. Going forward we will be deliberate in widening our area of action.  Red Wing Ignite and the Mayo Clinic Business Accelerator, run by RAEDI, share the same mission. It was only natural to collaborate for the betterment of the region“ said Xavier Frigola, Mayo Clinic Business Accelerator Coordinator.

Neela Mollgaard, Executive Director of Red Wing Ignite believes, “Working together, our organizations can provide greater resources to help our region innovate and grow."

On April 16th, 2015, starting at 5:00pm Red Wing Ignite will have an open house with tours of the facility. At 6:00pm the company demos will start. Each company will have 10 minutes to present their product/solution followed by 5 minutes of questions from the audience.

About Red Wing Ignite

Red Wing Ignite is a nonprofit organization whose mission is to accelerate the development of technology and innovation.  Red Wing Ignite provides coworking space, a network of mentors and investors, and technical resources for entrepreneurs and creative individuals.

Red Wing Ignite was created to leverage their gigabit connectivity, US Ignite partnership and the community-wide enthusiasm for technology and innovation. While Red Wing may be one of the smaller US Ignite communities, the efforts are big.

About Mayo Clinic Business Accelerator (www.mcbusaccel.com)

Mayo Ventures Startup

Founded in 2013 by Rochester Area Economic Development, Inc. (RAEDI), City of Rochester, Mayo Clinic Treasury Services and Mayo Clinic Ventures. The Mayo Clinic Business Accelerator provides over 3,000 square feet of collaborative space for new companies, venture capital firms and entrepreneurs.

By bringing together like-minded entrepreneurs, investors and advisors, we create a unique ecosystem for the Rochester community to share ideas, resources and expertise.  This ecosystem, in turn, promotes local and regional economic development through new company creation and expansion.  It currently houses 15 startups and 4 corporate and venture capital firms partners.  In 2014 its tenants raised $5M in early-stage capital and added 28 new jobs.

About Rochester Area Economic Development, Inc. (www.raedi.com)

Incorporated in 1985 and headquartered in downtown Rochester, Minnesota, Rochester Area Economic Development, Inc., (RAEDI) works to encourage local business expansion and new business locations in the Rochester area.  RAEDI’s primary goal is to attract, retain and assist the growth and expansion of base business within the Rochester region. Some of the services provided include financial packaging, business planning, site/location support and business/community advocacy. The 504 Corporation was incorporated under RAEDI in 1990 to provide better access to the U.S. Small Business Administration’s (SBA’s) 504 Loan Program. 

The Path Towards Tomorrow's Internet

 Photo: Us-Ignite Smart Future 1st Day

Photo: Us-Ignite Smart Future 1st Day

Last week, US-Ignite, a Red Wing Ignite partner, held a conference in Washington, DC to promote the "future of the Internet and the next-generation applications it enables." The event was hosted by the National Science Foundation and GENI. Red Wing Ignite's executive director, Neela Mollgaard, was among the many who attended the conference including White House officials, local community leaders, university researchers and corporate scientists. The role of government in nurturing new technology and the rising importance of the Internet of Things were themes of a conference on the next-generation Internet. "The conference gave me great conviction in what we are doing at Red Wing Ignite" said Mollgaard. "We even received a quick shout out from Bill Wallace, the Executive Director of US-Ignite, during his presentation!"