Minnesota in the News
State DMC Corp. board approves $8 million for development of shared lab space
May 22, 2025 – Post Bulletin
"A shared lab to attract new and emerging medical research companies is being planned with up to $8 million in Destination Medical Center investment …"
Medtech startup Fastwave secures $50M, eyes commercial launch of rupture-resistant IVL system
May 22, 2025 – Minne Inno
"… Based in Brooklyn Park, Fastwave is a clinical stage startup that is developing intravascular lithotripsy (IVL) systems to treat calcific arteries in both peripheral and coronary diseases …"
Alpheus Medical raises $52M for innovative brain cancer treatment
May 15, 2025 – Minne Inno
"… Chanhassen-based Alpheus Medical Inc. announced the oversubscribed Series B financing round …"
Rochester startup wants to use technology to bring hope to dementia patients
May 3, 2025 – Post Bulletin
"Mayo Clinic geriatrician Dr. Christina Chen, the founder of the award-winning Hope Technologies startup company based in Rochester, is working on a way to improve the day-to-day lives of patients dealing with dementia …"
Neighborhood Development Center unveils $26M hub
May 2, 2025 – Minneapolis/St. Paul Business Journal
"… The new 30,000-square-foot building aims to support entrepreneurs of color who seek to scale their existing businesses in sectors like technology, health, wellness and beauty."
Francis Medical lands $80M in quest to conquer prostate cancer
January 10, 2025 – Twin Cities Business
"The Maple Grove-based company plans to use the money to fund a clinical trial and to hire more employees … The money will enable Francis Medical to expand its current staff of 40 employees to 71, largely for roles in research and development, sales, and marketing …"
Minnesota med-tech coalition partners with Dutch investor that aims to establish base in MN
February 20, 2025 – Minneapolis/St. Paul Business Journal
"Minnesota MedTech 3.0 (MMT3.0) and Dutch investor NLC Health Ventures have partnered to connect medical-technology startups and funding companies in America and the Netherlands …"
Wearable gut health monitor startup raises $18 million
November 5, 2024 – Minne Inno
"… Alimetry, a New Zealand company whose U.S. headquarters is in Minneapolis, raised a round of $18 million led by Global from Day One, an investment firm also based in Auckland, New Zealand ..."
HistoSonics gets $90M to battle liver tumors - Ultrasound technique earns VA contract
October 28, 2024 – Minnesota Inno
"… the company set in motion plans to more than double the size of its headquarters. HistoSonics is now ramping up its efforts to commercialize its devices and expand …"
Native of St. Paul’s Rondo neighborhood used NASA tech to revive shuttered company
October 25, 2024 – The Minnesota Star Tribune
"… Simpli-Fi Automation . . . licensed federal innovations intended for space exploration and deployed them in the health care realm ..."
Baxter kidney care unit building R&D center for excellence in Golden Valley, creating 70 jobs
October 24, 2024 – Star Tribune
"The renal care unit, Vantive, is in the process of being sold to Carlyle and becoming a standalone company."
ShiraTronics raises $66M for clinical trials to treat chronic migraines
October 14, 2024 – Minne Inno
"… The Brooklyn Park-based startup, which is using neurostimulation therapies to treat chronic migraine patients, said it will use the funding to support its clinical trials, gain premarket approval from the U.S. Food and Drug Administration, and for the initial commercial launch of its device …"
Niron Magnetics to build a manufacturing facility in Sartell
October 11, 2024 – St. Cloud Times
"The Sartell City Council entered into a 79-acre purchase agreement with Minneapolis-based Niron Magnetics to build a 150,000-square-foot manufacturing facility for the company's rare earth-free magnets. This move will likely bring more jobs and more revenue to Sartell."
Big data center project nears construction in Chaska
October 8, 2024 – Finance & Commerce
"… the CloudHQ project could bring 75 to 100 new permanent jobs to the city, along with 1,000 construction jobs."
Duluth among 20 cities least prone to natural disasters
October 8, 2024 – GoBanking Rates
"Duluth is among the top 20 U.S. cities that are the least prone to natural disasters, including wildfires, hurricanes, tornadoes, flooding, extreme winter storms and high temperatures, droughts, earthquakes, and hailstorms."
Is your company losing money due to climate change? Consider moving to the Midwest
October 8, 2024 – Inside Climate News
"… while companies do consider climate risks when choosing to locate in Minnesota, the biggest factors attracting new business to the state have been the Bipartisan Infrastructure Law, the Inflation Reduction Act and other federal investments …"
U of M’s Technology Commercialization sets record startups, launches new initiative to grow impact
September 27, 2024 – University of Minnesota
"The U of M launched 25 startup companies in fiscal 2024, surpassing its previous record for the fourth year in a row…"
3M health care spinoff Solventum seeking state help to keep HQ in Minnesota
September 27, 2024 – StarTribune
"A move to Eagan would keep the new Fortune 500 company in Minnesota but separate from its current home in 3M’s Maplewood campus."