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.