This round attracted a diverse group of applicants, reflected in the final selected fellows and the social issues their business ideas represent. A majority of the founders identify as women and/or people of color.
A few quick highlights and stats:
- Fellows receive a $50,000 living stipend and $3,000 health care stipend and have access to an ecosystem of advisors and mentors and dedicated workspace within the FINNOVATION Lab space in downtown Minneapolis.
- The latest cohort brings the Fellowship Program network to 32 entrepreneurs, increasing its impact on local communities.
- Past fellows — including Nick Alm (Mossier), Junita Flowers (Junita’s Jar), and Alysha Price (the Price Dynamic) — have gone on to create revenue building businesses, raise funding, and serve as leaders in Minnesota’s entrepreneurial ecosystem.
This news comes as M25 announces a list of the top Midwest cities for startup businesses and Minneapolis slid in at #2 only behind Chicago. As the startup scene continues to grow in the Twin Cities, FINNOVATION Institute will provide resources for early-stage entrepreneurs to develop their business models in the social impact category.
Find more information here.