Launch Minnesota Awards $450K in Grants to Continue Building State’s Startup Network
February 3, 2021
St. Paul – Launch Minnesota – an initiative of the Minnesota Department of Employment and Economic Development (DEED) designed to elevate Minnesota as a national leader in innovation – has awarded $450,000 from its Education Grants program to six organizations to continue development of our statewide innovation ecosystem.
The Launch Minnesota Network is designed to help startups from across Minnesota get the resources and support they need to build the next big companies that will grow our state’s economy and create jobs. A collaboration that spans the whole state, it is connected by eight hubs for startup support that include 85 program partners. The Launch Minnesota Network builds, connects and coordinates key resources that entrepreneurs need to get started and grow.
“Minnesota’s innovation ecosystem is on the rise,” said DEED Commissioner Steve Grove. “We are well positioned to become a critical problem-solving capital of the country, given our growing startup ecosystem and diverse economy. The partners in this network are doing amazing things to ensure entrepreneurs from across the state with great ideas can find funding, connections and a trajectory for growth right here in Minnesota.”