Inside Track: AUM Cardiovascular raises funds, moves toward European launch
By Neal St. Anthony, Star Tribune (Minneapolis) | |
McClatchy-Tribune Information Services |
"And we're raising more money right now," Johnson said last week.
AUM's CADence device, a handheld instrument to spot blockages in the blood vessels around the heart, is being tested in a clinical trial with more than 725 patients at 14 sites throughout the country. Johnson hopes to launch CADence in
"Things are going better than expected," said Johnson, whose company includes 10 employees and contractors. "In terms of things we can control, things are going great. We're grateful to the Minnesota Cup for validating our product and team. I believe that had a positive impact on our ability to raise capital, most of it from individual Minnesotans. And the state angel tax credit was a help."
Johnson developed the CADence technology while working on a doctorate in biomedical engineering at the
In addition to technical expertise, Johnson has a passion for successful development of this product. Her husband,
10th Minnesota Cup Now open for entries
More than 8,000 Minnesotans have participated since 2005 and finalists from the last five years, including AUM Cardiovascular, have raised more than
"The Minnesota Cup has helped thousands of entrepreneurs build better business plans and work toward achieving business success," said
Last year's grand prize winner was Preceptis Medical, a device manufacturer developing surgical tools for lower-cost ear-tube procedures for kids that can be performed outside operating rooms.
The growing list of sponsors includes:
Business Steps Up for STEP-UP Interns
More than 400 Twin Cities business professionals in late March conducted mock job interviews at the
The interviewers included
Founded in 2005, and managed in partnership with AchieveMpls and the Minneapolis Workforce Centers, STEP-UP recruits, trains and places
"STEP-UP is now the country's top program for youth workforce development and has provided life-changing opportunities for thousands of young people," said
The 400-plus business volunteers included 50 employees from
Remember the 2008 financial crisis that led to the federal bailout of the financial industry?
Bair, a Republican, has been critical of megabanks that dominate the financial system.
Also, Land O'Lakes CEO
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