Minnesota Innovation Collaborative $4.5 million in FY 2020 and $4.5 million in FY 2021
Wednesday, March 27, 2019
States and cities that create attractive environments for startups, entrepreneurs, and innovative talent are quickly distancing their economies from those who do not. For every one job created in the innovation sector, five more jobs are created in adjacent sectors – the strongest network effect in job growth today. Minnesota must put our economy on the cutting edge of this ecosystem by making strategic investments in our innovation ecosystem.
The Minnesota Innovation Collaborative would support a series of new initiatives designed to accelerate the growth of startups and innovative companies. Each initiative is uniquely designed to lower the risk required to fund, start, or grow a venture-backed startup in Minnesota. The MIC 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.