0207727758727771/deed/assets/ourstories-jobs_tcm1045-727908.png/deed/assets/ourstories-jobs_tcm1045-727908.png<custom:Link urlOnly="true" type="Component" destination="tcm:1045-728660" templateURI="tcm:0-0-0" origin="tcm:0-0-0" />2025-09-11T05:00:00ZHometown Source — The Minnesota Department of Employment and Economic Development (DEED) announced $4.2 million in business expansion funding for three projects across Minnesota.1045<p xmlns="http://www.w3.org/1999/xhtml">Hometown Source — The Minnesota Department of Employment and Economic Development (DEED) announced $4.2 million in business expansion funding for three projects across Minnesota.</p> <p xmlns="http://www.w3.org/1999/xhtml">One of those projects is Boston Scientific in Maple Grove. It received $1.66 million in Job Creation Funds and $1 million in Minnesota Investment Funds.</p> <p xmlns="http://www.w3.org/1999/xhtml">Boston Scientific Corporation is a global medical technology leader that provides a broad range of high-performance solutions that address unmet patient needs and reduce the cost of health care. The total project investment includes an estimated $131 million to expand their facility by approximately 52,500 square feet, adding manufacturing and office space, as well as machinery and equipment. The project is expected to create 440 new jobs within the first three years.</p> <p xmlns="http://www.w3.org/1999/xhtml"><a href="https://www.hometownsource.com/press_and_news/free/boston-scientific-to-receive-2-66m-in-deed-funds-for-expansion/article_ac654140-f89f-4401-a220-ae703c60bb3d.html" target="_blank" class="button-brand-primary">Read more on Hometown Source</a></p>7286602026-05-18T17:28:10Z727758727769727771728495BAE Systems facility in Maple Grove, Minnesota/deed/assets/bae-systems_tcm1045-705149.jpgBAE Systems facility in Maple Grove, Minnesota/deed/assets/bae-systems_tcm1045-705149.jpg<custom:Link urlOnly="true" type="Component" destination="tcm:1045-727765" templateURI="tcm:0-0-0" origin="tcm:0-0-0" />2025-09-09T19:19:35ZBusiness Facilities — New Minneapolis facility will develop advanced capabilities for warfighters. Plus, Minnesota provides $4.2 million in business expansion funding for three projects expected to create more than $270M in private investment.1045<p xmlns="http://www.w3.org/1999/xhtml">Business Facilities — BAE Systems has officially opened its new 247,000-square-foot engineering and product development facility in Maple Grove, Minnesota. The new site serves as a critical innovation hub focused on engineering and product development for the U.S. military and its allies.</p> <p xmlns="http://www.w3.org/1999/xhtml"><a href="https://businessfacilities.com/bae-systems-opens-new-engineering-facility-in-minnesota/" target="_blank" class="button-brand-primary">Read more on Business Facilities</a></p>7277652026-05-18T17:28:10Z727758727771ourstories-microbiologics/deed/assets/opportunity-microbiologics_tcm1045-727917.jpgourstories-microbiologics/deed/assets/opportunity-microbiologics_tcm1045-727917.jpg<custom:Link urlOnly="true" type="Component" destination="tcm:1045-729028" templateURI="tcm:0-0-0" origin="tcm:0-0-0" />2025-05-19T05:00:00ZTwin Cities Business — The Chanhassen-based company plans to use the funds on a randomized trial of its “sonodynamic therapy” for glioblastoma, a deadly type of brain cancer. 1045<p xmlns="http://www.w3.org/1999/xhtml">Twin Cities Business — A Chanhassen-based medical company has raised $52 million in its quest to treat an aggressive form of brain cancer.</p> <p xmlns="http://www.w3.org/1999/xhtml">Late last week, Alpheus Medical Inc. announced that it closed its Series B funding round. That followed a $16 million Series A raise in 2021 and a $14 million follow-on a year later. Alpheus Medical founder, CEO, and president Dr. Vijay Agarwal said the bulk of the money from the latest funding round will help support randomized controlled trials of the company’s novel treatment of glioblastoma, a deadly brain cancer arising from protective nervous system cells known as astrocytes.</p> <p xmlns="http://www.w3.org/1999/xhtml">Gliobastomas today are generally treated with a combination of surgery and chemotherapy – a treatment that may only extend a patient’s life by a matter of months, Agarwal said. He described glioblastoma as a “universally fatal disease.”</p> <p xmlns="http://www.w3.org/1999/xhtml"><a href="https://tcbmag.com/alpheus-medical-lands-52m-for-novel-brain-cancer-treatment/" target="_blank" class="button-brand-primary">Read more on Twin Cities Business</a></p>7290282026-05-18T17:28:05Z727758727771/deed/assets/ourstories-mayo_tcm1045-727912.jpg/deed/assets/ourstories-mayo_tcm1045-727912.jpg<custom:Link urlOnly="true" type="Component" destination="tcm:1045-729033" templateURI="tcm:0-0-0" origin="tcm:0-0-0" />2025-05-03T05:00:00ZPost 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.1045<p xmlns="http://www.w3.org/1999/xhtml">Post Bulletin — While medical science works toward a cure for dementia in future, Mayo Clinic geriatrician Dr. Christina Chen is working on a way to bring hope to patients' lives today with technology. <br /> <br /> "My area of passion is dementia care. We've known about this disease for almost 120 years, but we have no cure. … So it got me thinking, if a cure does not exist and perhaps may never exist, what can we do? What can we still do to bring better days to these people living with dementia?," said Chen. <br /> <br /> Dementia, in the form of Alzheimer's, Lewy Body or something else, is very widespread. Research shows that one in three people who reach age 85 will develop dementia. More and more families are dealing with this issue, watching loved ones struggling mentally as they live out their later years. <br /> <br /> Beyond medicines, how can the lives of those millions of dementia patients be improved in care facilities or even in their own homes? </p> <p xmlns="http://www.w3.org/1999/xhtml"><a href="https://www.postbulletin.com/business/rochester-startup-wants-to-use-technology-to-bring-hope-to-dementia-patients" target="_blank" class="button-brand-primary">Read more on Post Bulletin</a></p>7290332026-05-18T17:28:05Z727758727771/deed/assets/ourstories-mayo_tcm1045-727912.jpg/deed/assets/ourstories-mayo_tcm1045-727912.jpg<custom:Link urlOnly="true" type="Component" destination="tcm:1045-729148" templateURI="tcm:0-0-0" origin="tcm:0-0-0" />2025-02-20T06:00:00ZMinneapolis / St. Paul Business Journal — Scott Nelson knows a thing or two about medtech startups; he's interviewed hundreds of founders for his podcast and launched multiple companies himself. His latest venture has raised $50 million so far.1045<p xmlns="http://www.w3.org/1999/xhtml">Minneapolis / St. Paul Business Journal — Scott Nelson knows a thing or two about medtech startups; he's interviewed hundreds of founders for his podcast and launched multiple companies himself. His latest venture has raised $50 million so far.</p> <p xmlns="http://www.w3.org/1999/xhtml"><a href="https://www.bizjournals.com/twincities/inno/stories/news/2025/05/22/fastwave-medical-ceo-scott-nelson.html" target="_blank" class="button-brand-primary">Read more on Minneapolis / St. Paul Business Journal</a></p>7291482026-05-18T17:28:02Z727758727771ourstories-medtech/deed/assets/ourstories-medtech_tcm1045-727913.pngourstories-medtech/deed/assets/ourstories-medtech_tcm1045-727913.png<custom:Link urlOnly="true" type="Component" destination="tcm:1045-728689" templateURI="tcm:0-0-0" origin="tcm:0-0-0" />2025-02-20T06:00:00ZMinneapolis / 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.1045<p xmlns="http://www.w3.org/1999/xhtml">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.</p> <p xmlns="http://www.w3.org/1999/xhtml"><a href="https://www.bizjournals.com/twincities/inno/stories/news/2025/02/20/mn-medtech-company-partners-dutch-investor.html" target="_blank" class="button-brand-primary">Read more on Minneapolis / St. Paul Business Journal</a></p>7286892026-05-18T17:28:02Z727758727771ourstories-medtronic/deed/assets/ourstories-medtronic_tcm1045-727914.jpgourstories-medtronic/deed/assets/ourstories-medtronic_tcm1045-727914.jpg<custom:Link urlOnly="true" type="Component" destination="tcm:1045-729036" templateURI="tcm:0-0-0" origin="tcm:0-0-0" />2025-02-10T06:00:00ZTwin Cities Business — Francis Medical has just received a fresh infusion of cash on its journey to treat prostate cancer. The Maple Grove-based company plans to use the money to fund a clinical trial and to hire more employees.1045<p xmlns="http://www.w3.org/1999/xhtml">Twin Cities Business — Francis Medical has just received a fresh infusion of cash on its journey to treat prostate cancer. <br /> <br /> This week, the Maple Grove-based company announced that it has closed on an $80 million Series C funding round, bringing its total raised to date to $160 million. Francis Medical is developing technology that uses water vapor to treat prostate cancer. One day, that could expand to the treatment of cancers in the bladder and kidney, said Mike Kujak, the company’s president and CEO.</p> <p xmlns="http://www.w3.org/1999/xhtml">For now, the startup is in the midst of a clinical study examining the effectiveness of its technology in treating prostate cancer in 235 men. In a Friday interview, Kujak said the company expects to release initial data from that study sometime in February, with plans to file for 510(k) clearance from the U.S. Food and Drug Administration in July. If all goes to plan, the company could get FDA approval as soon as October and make the technology commercially available across the country.</p> <p xmlns="http://www.w3.org/1999/xhtml"><a href="https://tcbmag.com/francis-medical-lands-80m-in-quest-to-conquer-prostate-cancer/" target="_blank" class="button-brand-primary">Read more on Twin Cities Business</a></p>7290362026-05-18T17:28:02Z