If you want to know what's next for the Minnesota economy, you could do worse than to visit the Minneapolis Convention Center on Thursday.
The Collaborative, a group that links entrepreneurs with investors, is holding its Minnesota Venture & Finance Conference. Gov. Mark Dayton will speak, as will Dan Starks, the CEO of St. Jude Medical Inc., but the core of the conference is a series of seven-minute business presentations by Minnesota firms that have new ideas and are looking for investors.
The conference has for 27 years been a proving ground for start-ups, and is increasingly a key venue for the state's entrepreneurs.
"It's the best and brightest," Collaborative CEO Dan Carr said. "If you want to know what the next big things are going to be in Minnesota, it's as good a place as any."
Firms such as Proto Labs, Caribou Coffee, Compellent, Select Comfort and Life Time Fitness presented to investors there in bygone days, and more than half of all venture capital invested in Minnesota firms in the past 17 years has gone to companies that made presentations at the conference.
"There's nothing like it in the country that has the track record of the capital raised," Carr said.
One of the companies presenting is Minneapolis-based Canopy, a start-up in its second round of funding that has built prototypes for something called the Sensus, a smartphone cover that turns the back of the phone into a second touch screen. The firm was founded by Andrew Kamin-Lyndgaard in 2009, and has been working on the Sensus about 18 months.
Canopy is always looking for new investment, and though it has already pitched to many of the more than 350 people who will attend the conference, the start-up will be one of 18 giving a quick presentation.
