Honors an early-stage Minnesota technology company with commercialized products that demonstrates significant potential, creativity and a promising future. Company must be: less than 3 years old, have 1 – 30 employees and generating revenues.
This is your elevator pitch. (100 Word Max)
Convince us this is a breakthrough idea and an innovative approach. Describe your product/service, the problem it solves, your value proposition and what is unique or innovative about your approach. Who is your target customer and how large is your addressable market? (500 words)
Convince us your plan is commercially viable. Explain your business model including operating, sales and marketing plans. What activities will your company perform and what partners/vendors will you rely on, how will your product/service be priced and positioned, through what channels will you reach your customers, how will you create awareness and convert customers. Also, include a list of key team members/advisors that are helping you develop the business.
Please include summary financial projections and assumptions including projected volume, unit pricing and margins, major operating costs and capital needs. (500 words)
What progress have you made? Do you have a prototype, customers, strategic partners or revenue? Tell us what milestones you’ve achieved to validate the opportunity and bring your product/service to market. (500 words)