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2025 MN Cup Competition Launches Applications

The anticipated 2025 MN Cup season is here, inviting ambitious entrepreneurs, businesses, and startups to apply beginning March 10. Recognized as the largest statewide startup competition in the nation, MN Cup serves as a platform for innovative ideas and early-stage ventures looking for guidance and financial assistance.

What is MN Cup?

Founded in 2005, MN Cup aims to foster and connect entrepreneurs within Minnesota’s vibrant business ecosystem. It offers a unique opportunity for individuals at various stages of development, whether they are merely toying with an idea or already generating revenue — as long as their annual income is below $1 million.

Prize Pool and Structure

With an impressive prize pool surpassing $400,000, MN Cup not only provides monetary rewards but also invaluable mentorship and connections. The competition is structured into several divisions: General, High Tech, Education/Training, Energy/Clean Tech/Water, Food/Agriculture/Beverage, Life Science/Health IT, Impact Ventures, Student (for undergraduates and graduates), and Youth (18 and under). Each category opens unique chances for participants to present their business ideas.

No Cost to Enter

One of the core philosophies of MN Cup is to support entrepreneurs without financial barriers. There are no entry fees involved, and no equity will be taken from any participating ventures. "What sets MN Cup apart is our mission to simply help entrepreneurs. It’s free to participate, and no equity is taken. It’s become a rite of passage in the Minnesota startup ecosystem," shares Dan Mallin, MN Cup co-founder.

Application Requirements

To apply, businesses must provide a comprehensive overview of their product or service, clearly outline the market opportunity, showcase their sales and marketing strategies, and include a brief operational plan along with high-level financial projections. Upon submission, industry judges will evaluate the entries, narrowing the field down to 90 semifinalists across the nine divisions.

What Happens Next?

Semifinalists will receive a variety of resources, including educational opportunities, mentorship sessions, and networking events aimed at strengthening their business acumen. The process culminates in August, where division winners will be declared, leading to the selection of the ultimate Grand Prize Winner at the Grand Finale celebration scheduled for October 6.

Supporting Diversity in Entrepreneurship

In addition to fostering innovation, MN Cup prioritizes inclusivity, providing support specifically for underrepresented groups, including veterans, women, and people of color. Since its inception, over 26,000 Minnesotans have engaged with MN Cup, culminating in finalists successfully raising more than $1.1 billion in capital, creating jobs, and forming beneficial business partnerships.

Conclusion

If you’re a startup or aspiring entrepreneur looking for support, mentoring, and potential funding, don’t miss out on this fantastic opportunity. The MN Cup is not just a competition but a gateway to connect with Minnesota's extensive business community. For more information about the application process and to take the first step towards enhancing your entrepreneurial journey, visit mncup.org.

With the applications opening soon, start prepping your ideas now for a chance to participate in this remarkable event!