FINNOVATION Selects 9 Entrepreneurs to Create Social and Economic Change Through Business

FINNOVATION Institute (a newly established non-profit partner of FINNOVATION Lab) has selected 9 entrepreneurs for the fourth cohort of its Fellowship Program, starting in September 2021.

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.