High Technology : Innovation + Job News
The 3-D printing industry may still be cutting edge and futuristic for most of the marketplace, but a recent acquisition by Eden Prairie-based Stratasys shows that the technology is gaining momentum, and the Minnesota company is leading the way.
The company reported recently that it just inked a deal to acquire competitor MakerBot, in a transaction worth about $403 million. If MakerBot reaches certain performance benchmarks, that amount could grow even more before Stratasys finalizes the deal.
The acquisition is an important one for the industry, and establishes Stratasys as a savvy, well-positioned company that could significantly extend its reach. Already, the firm produces 3D printers for commercial and industrial uses, and the inclusion of MakerBot technology could expand its production to smaller, more entry-level models that may be used by small businesses or even home users.
Industry analysts were quick to note that the combination of the two companies would drive faster adoption for 3D printers for multiple applications, and could bring the technology into the mainstream.
MakerBot will now operate as a separate subsidiary of Stratasys, continuing to maintain its own products and market strategy, and CEO Bre Pettis noted that the deal will continue a robust growth track.
"We have an aggressive model for growth, and partnering with Stratasys will allow us to supercharge our mission to empower individuals to make things," Pettis says. "It will allow us to bring 3D technology to more people."
In addition to the acquisition, Stratasys also announced it would add about 80 jobs by the end of the year.
Source: Bre Pettis, MakerBot
Writer: Elizabeth Millard
Minneapolis is about to get more connected.
DataBank, a colocation firm that's headquartered in Dallas but boasts a significant Minneapolis presence, recently announced that it will expand its footprint here, based on the acquisition of an Edina data center once owned by tech firm VeriSpace.
Planned for two phases, and with construction already underway, the expansion will boost the facility's size to about 17,500 square feet, and will include more cooling functionality and uninterrupted power supply features. The project will also involve updates to the office space areas, as well as revamped customer areas where DataBank will maintain client technology.
The company acquired VeriSpace in March, as part of an effort to broaden its reach into new markets. DataBank provides managed data center services, with a particular focus on 100 percent uptime availability for data, applications, and equipment.
Company CEO Tim Moore notes that the Edina expansion came as a result of customer demand, and that the company worked quickly to meet the need.
Although the expansion will add a significant amount of data center space to the city, Moore believes that this is just the beginning when it comes to the company's presence in the Twin Cities.
"This expansion only represents the first step in our overall process in this market," he says, "with more to come."
Source: Tim Moore, DataBank
Writer: Elizabeth Millard
Wednesday, March 27, 2013
Fundraising in the Digital Economy
April 2
CoCo Minneapolis
400 S. 4th St., 4th Floor
3:30 pm - 4:30 pm
free
INVESTyR co-founders Patrick Donohue and Phil Pogge deliver an overview of the types of tactics used to harness digital media for fundraising. Geared toward entrepreneurs, nonprofits, and companies of any size, the talk gives attendees tools for raising capital and strengthening relationships with investors and financiers.
TechBiz Minnesota 2013
April 5
Earle Brown Heritage Center
6155 Earle Brown Dr., Brooklyn Center
9:30 am - 3:00 pm
$25
Organized by Advance IT Minnesota, this conference brings together employers of IT-related talent and local students. During the event, student projects will be showcased, giving students an opportunity to demonstrate their skills and employers a chance to see accomplished learners.
Hedgeye Embraces Minnesota: CEO Keith McCullough Talks Social Media
April 10
Macy's Oak Grill
700 Nicollet Mall, Minneapolis
11:30 am - 1:00 pm
$20 members, $45 non-members
Hosted by the CFA Society of Minnesota, this talk by Hedgeye Risk Management founder Keith McCullough addresses social media in the context of finance and investment. With more than 20,000 followers on Twitter, McCullough can articulate how he uses the medium to engage audiences and spark innovation.
Access the Western Hemisphere Conference
April 23 & 24
Radisson Plaza Hotel Minneapolis
7:30 am - 5:00 pm
registration from $249 to $349 depending on type
Bringing together 10 senior commercial diplomats and sponsored by the Minnesota District Export Council, this conference will provide insight on how attendees can identify new export opportunities, develop strategic relationships, and increase market share in specific countries.
Wednesday, February 20, 2013
Silicon Valley and Silicon Prairie are ready to meet.
On Wednesday, February 20, coworking and collaborative space CoCo hosted a major kickoff with new partner Google for Entrepreneurs, announcing a two-year schedule of events, conferences, and social mixers at CoCo's Minneapolis office.
Focusing on technology and startups, the events are aimed at boosting entrepreneurship in the state, and draw on Google's extensive history of innovation and development. The company's Google for Entrepreneurs initiative was created to support entrepreneurs worldwide, and boasts an array of successful programs already, including Campus London, Women on the Web, and The New Orleans Community Leaders Program. The company even provides guidance and training for child entrepreneurs with Lemonade Day, a nonprofit that teaches children how to start and operate their own businesses.
John Lyman, Entrepreneurship Manager at Google, remarked in a release that the company believes entrepreneurship drives innovation and economic growth. "We see that happening in Minnesota and particularly at CoCo," he noted.
An announcement about the local partnership was made during an all-day conference at CoCo that began with U.S. Senator Amy Klobuchar and Minneapolis Mayor R.T. Rybak talking about innovation and entrepreneurship. The jam-packed event was free, but filled up quickly, as tech leaders and aspiring business owners jockeyed for a spot at one of the afternoon's sessions with visiting Google employees.
A full 2013 event schedule is still being finalized, and will be released soon, but CoCo did give a glimpse of what's to come. The event series will include affinity and user groups, including Google Developers Group Twin Cities, Android Users Group of Minnesota, and House of Cards, as well as one-day and multi-day conferences. Social and networking events will also play a large role in the partnership, with a particular focus on connecting startup founders with mentors.
Also slated are classes and educational sessions, including online-only instruction geared toward appealing to entrepreneurs across Minnesota who may be far flung from CoCo's office space.
The event series will rely on Google technology, including Google+ Hangouts, a video conferencing app that allows users to connect directly to multiple participants, or to broadcast an event through Google+, a YouTube channel, and a website. The app also lets users record the broadcast so that it can be shared later.
In a release, CoCo founding partner Kyle Coolbroth noted, "This partnership with Google will allow us to continue to expand our mission of creating a robust community of individuals pursuing the work of their dreams."
Writer: Elizabeth Millard
Wednesday, January 16, 2013
Already boasting a strong growth rate, Edina-based ReconRobotics is now poised for world domination.
The fast-track robotics company announced in June that it had established an international headquarters in Lugano, Switzerland, as part of a multi-year global expansion plan.
Just six months later, that office reported strong year-end sales of micro-robot systems to military and police customers in several European countries, including Germany, Hungary, and France.
Alan Bignall, ReconRobotics CEO, notes that robot sales were up more than 50 percent in 2012, with the international team leading the way in the last quarter. He adds that military and counterterror teams around the world are recognizing the unique capabilities of the company's mini-robots.
The company's mini-robots are particularly attractive to military and law enforcement, since they can be sent into dangerous situations and navigated remotely in order to collect intelligence. For example, a SWAT team can throw one into a house and use the robot's cameras to assess a hostage situation.
Nearly 4,000 of the company's Recon Scout and Throwbot systems have been deployed by military forces. The Throwbot XT weighs only 1.2 pounds and can be deployed in five seconds.
The momentum from domestic and international sales is likely to keep going strong, Bignall says: "The unique capabilities of our Throwbot XT give [our customers] a big tactical advantage during high-risk operations, and this is driving sales at a fast clip. We expect this trend to continue in 2013."
Source: Alan Bignall, ReconRobotics
Writer: Elizabeth Millard
Wednesday, November 14, 2012
Highlighting technology leaders in the state, the Minnesota High Tech Association (MHTA) announced winners for the 2012 Tekne Awards, handing out top honors to companies like MakeMusic, ReconRobotics, JAMF Software.
The award program, now in its 13th year, recognizes innovations from 2011 that impact the lives of Minnesotans, through lifestyle improvement or education. Forty-four finalists were named in fifteen categories. Winners were unveiled at a special event on November 1st.
According to MHTA president Margaret Anderson Kelliher, the awards draw attention to the breadth of innovative and competitive technology companies in the state. Greater awareness of the efforts being done here will boost Minnesota's stature as a "silicon prairie" where tech companies can thrive.
Fifteen winners show the range of businesses here, and the list includes both large companies like Seagate Technology (winner in the advanced manufacturing category) and smaller companies like Code 42 Software and SparkWeave.
Other winners included PeopleNet, Agosto, GiveMN, OrthoCor Medical, Starkey Hearing Technologies, Imation, and The University of Minnesota Rochester.
In addition to showcasing the work of technology-fueled businesses, the awards also honored seven individuals who provided leadership to advance technology and innovation in Minnesota, particularly in state government. The public officials led the effort to consolidate IT services from more than 70 state agencies into a single organization called MN.IT Services.
Speaking about all of the awards, Kelliher says, "This year's recipients, once again, raised the bar with the quality and originality of their entries and should be very proud of their accomplishments."
Source: Margaret Anderson Kelliher, Minnesota High Tech Association
Writer: Elizabeth Millard
Wednesday, October 17, 2012
Highlighting technology leaders in the state, the Minnesota High Tech Association (MHTA) announced finalists for the 2012 Tekne Awards.
The award program, now in its 13th year, recognizes innovations from 2011 that impacted the lives of Minnesotans, through lifestyle improvement or education. Forty-four finalists were named in fifteen categories.
The MHTA noted that the state remains at the forefront of cutting-edge technological growth, and the finalists show that the state's technology future is bright indeed, in areas that range from cleantech to robotics to mobile technologies.
In the startup category, finalists are Sophia Learning and Sparkweave, while those competing in the software category are Code 42 Software, Savigent Software and Third Wave Systems.
Finalists in other categories represent a range of companies, from large firms like 3M and Seagate Technology to smaller businesses like SheerWind, Digineer, and Agosto.
The awards are designed to showcase these types of companies, and draw attention to the innovative and competitive companies in the state, according to MHTA president Margaret Anderson Kelliher. They're part of the organization's larger mission to boost education and entrepreneurship along with technology development.
"We're very excited about the opportunities available to technology companies here," says Kelliher. "In general, we believe that individuals and companies in the state have more potential than they do challenges. We're proud and happy to support them in any way we can."
The Tekne Awards will be presented on November 1st at the Minneapolis Convention Center.
Source: Margaret Anderson Kelliher, Minnesota High Tech Association
Writer: Elizabeth Millard
Wednesday, October 03, 2012
Technology group Advance IT Minnesota unveiled a new award that could give some high school girls a major boost in their technology careers.
The first annual Minnesota Aspirations for Women in Computing Award will be open to girls in grades 9 through 12, and is tied to a national competition from the National Center for Women & Information Technology (NCWIT).
Advance IT decided to take on the award because of the shortage of skilled technical workers graduating from college, according to Ann Thureen, a vice president at Unisys Corporation.
She says, "Encouraging students at the high school level to see the possibilities of the STEM [Science, Technology, Engineering, and Mathematics] field is a great way to get them into the right college tracks to sustain and grow our IT industry in Minnesota. We see more young women going to college than young men. We need to tap into this valuable talent pool and expose them to the opportunities for great paying jobs in IT."
Advance IT is administered through the Minnesota State Colleges and Universities system, and serves as a connection point among employers, educators, and IT professionals. The group's mission is to position Minnesota as one of the top states in the country for IT-related employment. The award will help to bring the organization closer to that goal, says Russell Fraenkel, Advance IT Minnesota's Director of Collaborative Programs and Outreach.
"The Aspirations Award provides an encouraging environment for young women to gain greater awareness of technology career options and sets the stage for them to become more deeply engaged in determining their education and career path," he says.
For high school girls who are ready to compete for the award, act fast: the deadline for entries is Nov. 16th, but entries that come in before Oct. 31 will be eligible for the national award as well.
Sources: Russell Fraenkel, Advance IT; Ann Thureen, Unisys Corporation
Writer: Elizabeth Millard
Identification cards have come a long way in the past decade, and Eden Prairie-based IdentiSys has been a pioneer in that evolution.
These days, cards can carry much more than identity data--they can track history of access to a server room, for example, or provide location info for an emergency worker.
"We're on our second or third generation of capabilities," says IdentiSys CEO Michael Shields. "Our customers are very savvy about what they want in a card, and at the same time, we're happy to keep expanding card uses."
When the company opened in 1999, it was a spinoff of Datacard Group, an ID card printer and issuance firm. Thanks to that connection, IdentiSys had $5 million in business waiting the moment its doors opened. Not many startups can make that claim.
"We found our footing quickly," says Shields. "That allowed us to go from there." The company began acquiring ID firms to expand its reach nationally, and also looked at industries where the card usage was highest. Currently, the largest market share seems to go to casinos, which use ID cards for player reward programs.
Another growing area, Shields says, is emergency management. The company provides identification and tracking systems to police and fire departments so they can create a centralized response station. For instance, in a wildfire, the cards are part of a kit assigned to each firefighter. At the command center, supervisors can track how much air is in each person's tank, where they're located during the fire, and other important factors.
Areas like this are fueling growth for IdentiSys, Shields notes, and the company is looking ahead to a robust future. "When we started, people were using ID cards just for identification," he says. "Now, there's no limit to the innovations and uses."
Source: Michael Shields, IdentiSys
Writer: Elizabeth Millard
The Minnesota Angel Tax Credit Program recently celebrated its second birthday, and boasts some impressive numbers for a two-year-old.
Since its launch in July 2010, the program has attracted more than $126 million in private investments for small, entrepreneur-led companies in the state. According to Mark Phillips, Commissioner for the Minnesota Department of Employment and Economic Development (DEED), over 100 businesses have received funding in 2012 alone. Companies attracting the most attention from investors and angel funds tend to be software, biotechnology, and medical device firms.
The program has been a tremendous help for promising businesses, Phillips believes. Some of the companies earning funds could be the state's next big high-tech success stories, leading to job growth and a more robust local economy.
Run by DEED, the program provides incentives to investors or investment funds, steering them in the direction of putting money into emerging companies, particularly those focused on high-tech endeavors. The Angel Tax Credit gives investors a credit of 25 percent for investments of at least $10,000, and the past few years have shown that plenty of investors are eager to take advantage of that incentive while helping to get innovative companies off the ground.
Over two-thirds of $12 million in tax credits allocated for this year have already gone out, Phillips noted, and DEED expects the remaining credits of about $3.3 million to be allocated by the end of August.
The program is slated to continue operation through the end of 2014, and if everything works as DEED expects, close to $236 million will have been invested in Minnesota high-tech startups by the time the program ends.
Source: Mark Phillips, Department of Employment and Economic Development
Writer: Elizabeth Millard
Forget the Olympics: for a truly ferocious competitive environment, take a look at the Minnesota Cup.
The annual competition seems to keep gaining prominence and momentum every year, and recently announced the semi-finalists for its eighth go-round.
Designed to accelerate the development of the state's most innovative business ideas, the Minnesota Cup gives applicants the opportunity to compete for a share of $200,000--up from $185,000 last year--and to network with individuals and organizations that can help turn a business plan into a reality.
Judges chose 49 entrepreneurs, inventors, and innovators for the second round of the competition, and Cup co-founder Scott Litman notes that this year is full of exciting and strong business ideas.
"We love seeing all the excitement around the program, and it does seem that we see more applications every year," he says. "Everyone is very supportive of the competition."
The range of semi-finalists is broad, from a yoga studio that specializes in pre- and post-natal classes to a holistic treatment company to a web application developer for forms processing. Companies include BuyerCurious, Omnicron Health Systems, QuadROI, and EnergyPrint.
During this round, the semi-finalists will be paired with entrepreneurial mentors who will help them refine their business plans and presentations. Finalists will be chosen in late August, and winners announced in early September.
Source: Scott Litman, Minnesota Cup
Writer: Elizabeth Millard
The world of micro-robot systems just got bigger.
Edina-based ReconRobotics, the fast-track robotics company that's been growing quickly, announced that it has established an international headquarters in Lugano, Switzerland.
The move is part of the company's multi-year global expansion plans, and the HQ there will oversee all sales, marketing, and customer service for operations outside of North America.
ReconRobotics has seen a robust amount of traction within the past couple years, garnering some major contracts from U.S. military and law enforcement agencies. Now, the company intends to broaden its international footprint, according to President and CEO Alan Bignall.
The Lugano subsidiary, known as RRI Global SAGL, will expand the company's international reseller network, which currently extends to 33 countries.
Formed in 2006, ReconRobotics started as a way to commercialize technology developed at the University of Minnesota Distributed Robotics Laboratory, with funding from the National Science Foundation and the Defense Advanced Research Projects Agency (DARPA), among others.
The company's mini-robots are particularly attractive to the military and law enforcement, since they can be sent into dangerous situations and navigated remotely in order to collect intelligence. For example, a SWAT team can throw one into a house and use the robot's cameras to assess a hostage situation.
"These robots are just the beginning of what we're seeing in terms of capability," Bignall says. "There are so many applications for this technology, and we're seeing expansion in both geography and in usage."
Source: Alan Bignall, ReconRobotics
Writer: Elizabeth Millard
When it comes to predicting a product's shelf life, or detecting leaks or aromas in packaging that could affect flavor, people around the world turn to Minneapolis-based MOCON.
For over 40 years, the company has been a leader in the development of testing services and instruments, and its capabilities are impressive. Numerous clients depend on the firm for insights on packaging, cost reduction, sustainability, and food safety.
Because it's often considered the industry standard when it comes to such tests (many scientific papers note that researchers did a "MOCON test" to demonstrate a specific result), it's not surprising that the company is growing at a nice clip. Now at 150 employees, some have been brought on as the result of acquisition, while the rest were hired to meet demand.
"The packaging industry is a hidden but huge industry," says the company's marketing manager, Guy Wray. "Think about everything around you that has packaging, and you'll get an idea of the scope of this work."
MOCON's expertise lies in detecting moisture and oxygen levels within packaging, as well as other factors. Those two issues in particular can destroy food flavor, affect product safety, and significantly shorten shelf life. After all, nobody wants soggy potato chips.
About 90 percent of the company's product development is done locally, but it also relies on scientists and engineers in Germany, China, Texas, and Colorado.
"We feel very lucky to have gotten to the point we're at," says Wray. "We've become the Hoover or the Kleenex of the industry."
Source: Guy Wray, MOCON
Writer: Elizabeth Millard
Wednesday, April 25, 2012
Google Workshop: Get Your Business Online
May 3
Rasmussen College
3500 Federal Drive, Eagan
10am - 11:30am
free
Create and publish a website for your business in less than an hour. Presenters will also teach attendees how to customize their Google Places online listing, and how to optimize their new websites. Participants are encouraged to bring their own laptops. For more insight, stick around for the afternoon, when another free workshop, "Grow Your Business Online" will be presented.
International Conference on Robotics and Automation
May 14 - 18
RiverCentre, St. Paul
Rates vary; visit conference website for more info
The theme for this year's ICRA conference is "Robots and Automation: Innovation for Tomorrow's Needs." Some of the top researchers and entrepreneurs in the field will gather for numerous discussions on topics like nanorobotics and bio-integrated robotics. There will also be six "robot challenges" in which teams compete to solve problems in areas like integrated perception.
RailsBridge
May 20 & 21
Guthrie Theater, 8th floor classrooms
free
RailsBridge workshops were started about three years ago as a way to create more female Ruby developers in San Francisco. Now the organization will bring its expertise to Minneapolis, giving attendees a chance to look at every step involved in deploying a Ruby on Rails application.
Tech.2012
May 22
The Metropolitan
5418 Wayzata Blvd., Golden Valley
$25 for members of The Collaborative, $75 for non-members; rates increase after May 11
As part of The Collaborative's Vanguard Series for this year, the Tech.2012 event features a series of conversational sessions, breakfast, and networking opportunities. Speakers will focus on areas like cloud computing and how it's changing business, the app economy, and changing Minnesota business models. Scheduled to participate in panels are entrepreneurs and established business leaders from companies like Code 42 Software, UnitedHealth Group, and Split Rock Partners.
Wednesday, March 28, 2012
Designing Content That Sells
April 4
International Market Square
274 Market St., Suite 180, Minneapolis
11:30am - 1:15pm
$35 members, $55 non-members
Put on by the Society for Marketing Professionals, this workshop for those in the architecture and engineering industries focuses on developing effective online content. Reporter and PR professional Rachel Gold will give tips on making content interesting and on gauging how well design and content work together.
From Focus to Performance
April 6
DoubleTree Hotel
7800 Normandale Blvd., Bloomington
7:00am - 9:00am
$35
Sports psychologist and executive coach Dr. Justin Anderson presents the latest advancements in performance psychology and brain research, providing tips on how to use your mind in a more optimal manner to enhance sales and lead a more meaningful life.
High Heels, Higher Heights
April 10
Minneapolis Convention Center
3:00pm - 6:00pm
$80 members, $95 non-members
This annual event honoring women leaders is a prime networking opportunity, and is put on by the Women's Health Leadership TRUST. This year's speaker is Teri Fontenot, president and CEO of Woman's Hospital in Louisiana. Women leaders in health care will also be recognized for two major awards.
MHTA Spring Conference
April 25
Minneapolis Convention Center
$165 member, $215 non-member
The Minnesota High Tech Association presents its popular spring conference, kicked off by a morning keynote address by Rick King, Thomson Reuters chief operation officer for technology. Participants can network with other technology leaders, visit an expanded exhibit hall of more than 100 technology-related businesses, and attend breakout sessions about research, funding, education, and policy development.