Internet of Things
Minnesota has remarkable strength in the fast-growing area of Internet of Things (IoT), which combines multiple technologies and cuts across industry sectors.
We’re ideally suited for this role because of our long tradition as an electronics and computer leader. Early computer giants - such as Control Data Corp. - got their start here. This region became known as Medical Alley for its pioneering role in medical device technology. And it also has been a leader in industrial data collection and control with firms such as Honeywell, Rosemount and Eaton.
An innovative patent powerhouse, Minnesota's creative streak is reflected in our rankings. We’re:
- 2nd in patents of information storage based on movement (2000-2019)
- 3rd in medical device patents per capita (2019)
- 5th in employment in computers and electronic products manufacturing (Emsi, 2020)
- 7th in technology and innovation (CNBC, 2019)
- 6th in patents per capita (2019)
- 11th most innovative state (Bloomberg, 2020)
- 11th in total patents (2019)
- One of the best cities for tech jobs (Minneapolis-St. Paul) - (Doorsteps, 2020)
Source for patents: U.S. Patent and Trademark Office.
Our Fast-Growing IoT Community
Minnesota’s IoT community is connected and growing quickly. For instance, IoTFuse, a non-profit based in Minneapolis, organizes regular meetups, hackathons and annual conferences - including IoTFuse which attracts over 1,500 attendees and 400 organizations - as well as MedFuse, RetailFuse, and AgroFuse for IoT in those industries.
Minnesota also has an active analytics cluster. MinneAnalytics, a non-profit that serves Minnesota’s data science and analytics community, is the nation’s largest community-based data analytics group.
Tech entrepreneurs can get feedback on their innovations through competitions such as MN Cup - the largest statewide innovation competition in the country - and the Tekne Awards.
The state of Minnesota offers grants and assistance to technology startups and entrepreneurs through Launch Minnesota. It also has the Angel Tax Credit program, the Research and Development Tax Credit, and other incentives and assistance to help entrepreneurs and startups.
See our Internet of Things Fact Sheet.
Contact us to find out more about IoT in Minnesota.