Veteran business attorney Steve Wellvang, who once served medical-technology clients, believes the Twin Cities' vaunted "entrepreneurial ecosystem" can become just as supportive of education-technology innovation.
Wellvang, who returned in 2013 as a partner to Oppenheimer Wolff & Donnelly after a decade at St. Paul education nonprofit ECMC Group, is one of the movers behind "Educelerate Twin Cities," a monthly networking discussion forum of 125 industry and education partners devoted to innovation in education.
Wellvang also is behind "Startup Weekend EDU" May 2-4 at the Carlson School of Management at the University of Minnesota. The goal is to bring entrepreneurs together in a collaborative environment and develop new business ideas over an "intensive weekend of activities," according to Wellvang.
The weekend will bring together educators, technologists, designers, business professionals and financiers for 54 hours for idea sharing, team projects design and start-up launches. The weekend begins Friday night with 60-second pitches that will lead to small team formation around what are considered the most viable concepts. Teams spend Saturday and Sunday focusing on user research, customer development, idea validation and prototype development, with the assistance of experienced educators.
The weekend is hosted by the Gary S. Holmes Center for Entrepreneurship at the Carlson School. For more information, go to: www.twincitiesedu.startupweekend.org.
Green start-up is seeking green on Crowdfunder.com
Rochester-based Envirolastech has launched a $2.5 million equity-raising campaign on Crowdfunder.com, on top of debt financing commitments it has to build a $13.5 million commercial-scale plant to produce green building materials from recycled plastic, glass and fly ash.
Envirolastech, a winner of the 2012 Minnesota Cup Clean Tech Award, has developed a variety of composites that can be calibrated to the customer's specifications and that don't get brittle in cold weather, said CEO Paul Schmitt. The technology also has been recognized by the Polymer Solutions Independent Testing Lab for breakthrough innovation.
Schmitt is a veteran carpenter and contractor who started experimenting with recycled plastic years ago as an alternative to wood or concrete stalls he built for owners of large animals. He's spent more than a decade working with plastics scientists, customers and manufacturers on prototype products.