Minnesota in the News
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."
Minneapolis ranked 2nd for medtech
September 26, 2024 – Business Facilities
"Highlighting the life sciences industry's evolution, JLL’s new 2024 Life Sciences Real Estate Perspective and Cluster Analysis introduces new rankings for talent and AI."
Claros raises $22 million to develop method to destroy PFAS
May 30, 2024 – Mine Inno
“… Claros Technologies Inc., a green tech startup led and co-founded by a former 3M executive, raised $22 million to fund development of a process that destroys the so-called 'forever chemicals' known as PFAS ..."
Minnesota startup named to 2024 Medtech Innovator Cohort
May 30, 2024 – Mine Inno
“A Maple Plain-based medical device company was one of 65 startups named to the 2024 cohort of the world's largest accelerator, MedTech Innovator. Paxos Medical Inc., which develops an implantable neuromodulation system for pelvic health disorders, will participate in the four-month program ..."
U.S. Steel celebrates Keetac DR-grade facility
May 24, 2024 – BusinessNorth
"United States Steel Corp. showed off its approximate $150 million DR-grade pellet production facility in a celebration at its Keetac taconite plant in Keewatin … ‘it created 250 construction jobs and 33 full-time union and management jobs’ …"
Gordini opens new distribution center in North Mankato
May 2, 2024 – KEYC
“… The Vermont-based company manufactures cold-weather gear and touts its reputation as an innovator in the industry. Its products range from ski equipment to workwear for tradespeople …"
The Twins’ Growing Home Team
April 30, 2024 – Twin Cities Business
“The team's accelerator program is motivating some startups to relocate to Minnesota."
Startup Snapshot: Jord BioScience
April 29, 2024 – Twin Cities Business
“Meet the women-run St. Paul startup taking a novel approach to agriculture …"
Pelvital raises $2.32M in second seed round
April 26, 2024 – Twin Cities Business
“The Eagan-based company plans to use the funds to expedite commercialization of Flyte, a device designed to treat stress urinary incontinence …"
Cogwear to open St. Paul facility to produce brain-tracking headband
April 25, 2024 – Mine Inno
“… [the Philadelphia-based medical device startup] plans to recruit manufacturing, mechanical and electrical engineers at its new location as it grows in both St. Paul and Philadelphia..."
Wiha Tools celebrates expansion
April 18, 2024 – Monticello Times
"…Wiha Tools added about 40 new jobs with its expansion, with more to come…"
Elucent Medical raises $42.5M for cancer-surgery navigation tech
April 16, 2024 – Mine Inno
“An Eden Prairie-based medtech company developing a means of targeting tumors during cancer surgery has raised $42.5 million in a Series C funding round led by Vensana Capital and RC Capital...."