PreciouStatus, headed by Best Buy alum Julie Gilbert Newrai, was both the grand prize winner and the high-tech division winner in the Annual Minnesota Cup Awards, which aim to highlight and foster growth among Minnesota's most promising fledgling companies.
Nearly three years ago, while caring for her new infant and dealing with her husband's brain surgery, Gilbert Newrai came up with what was recognized as an innovative idea for a mobile-device application that allows care providers, family members and loved ones to interact throughout the day.
In addition to the $25,000 received as a division winner, PreciouStatus received an additional $40,000 for sweeping the Minnesota Cup competition.
The other division winners are:
•OrthoCor Medical, for its noninvasive therapeutic devices that help patients alleviate pain and arthritis symptoms, minimize swelling and restore physical function.
•Envirolastech, a developer of a heavy-duty thermoplastic compound pellet made from recycled plastic, fly ash and other "garbage" that can be substituted for virgin plastic or wood in the manufacture of building products.
•LifeFloor, a maker of wet-area flooring rooted in a proprietary co-polymer that has been designed to solve slip-and-fall problems.
•Cognific, which creates homework in video game format for mental health patients, in the student division.