Destination Medical Center (DMC) and the City of Rochester announced a new grant program to assist Rochester small businesses impacted by the COVID-19 pandemic. The Keep It Local, COVID-19 Innovators Grant Program will reward businesses who are exemplifying innovation and collaboration by working together in response to the challenges posed by COVID-19. The city is offering $50,000 in grant funds with DMC contributing $50,000 to businesses located in the DMC District.
The Destination Medical Center Economic Development Agency (DMC EDA) and the Minnesota State University, Mankato (MNSU) Center for Innovation & Entrepreneurship (CIE) are recent recipients of a $10,000 economic development grant through the Southern Minnesota Initiative Foundation (SMIF). These funds will be used to develop and implement a design thinking workshop in the Mankato area to spur innovation and entrepreneurial thinking.
The CIE is housed within the MNSU College of Business. The organization aims to cultivate the next generation of entrepreneurs and innovative thinkers in south-central Minnesota by providing entrepreneurial education, supporting student startups, and facilitating impactful student project work in the community.
The overall goal of the workshop is to increase the number of innovative projects submitted to the Big Ideas Challenge, a venture competition for current and recent Minnesota State University, Mankato students and to the DMC Assistive Tech Challenge, a competition to develop new products and services for persons with disabilities. The inaugural Assistive Tech Challenge debuted in November 2018 as a partnership between Destination Medical Center Discovery Square, The ARC Minnesota SE Region, and the disABILITY Mayo Clinic Employee Resource Group. Three MNSU teams submitted applications to the Challenge; two of the submissions were accepted into the competition.
“The founding of the Center for Innovation & Entrepreneurship by the University College of Business was spurred by a variety of things, including a Southern Minnesota Initiative Foundation report about the potential of this area and need for coordination and the types of things the Center now provides,” explains CIE Director, Dr. Yvonne Cariveau.
Cariveau says students come to the CIE interested in entrepreneurship but sometimes cannot identify the next immediate step in development of their concepts. She hopes this design workshop will give her students tools to generate ideas and to act.
DMC EDA aims to expand the Assistive Tech Challenge to additional universities across the region. “This collaboration with the CIE serves as a critical pilot project to bring a quality design thinking workshop to the Mankato area and also functions as a test for future expansions of the workshop to other communities,” said Chris Schad, Director of Business Development for DMC Discovery Square. “The ultimate goal of the collaboration is to provide a framework through which students can develop additional business ideas and eventual products.”
Cariveau and Schad both hope the workshops ultimately ignite interest in assistive tech and health care innovation, building strong connections between Rochester and Mankato’s entrepreneurs.