On Monday, Dec. 9, hundreds braved the snowy weather to participate in FASTCON, MinneAnalytics’ first-ever data science and tech conference focused on food, ag, and supply chain at the Science Museum of Minnesota.
On Saturday, Nov. 9, student teams came from colleges and universities around the country to participate in the fourth-annual MinneMUDAC Student Data Science Challenge at Optum in Eden Prairie. A total of 71 teams across three divisions presented their results to 150 volunteer judges. The event is designed to give students real-world experience working with data and communicating their results while competing for cash prizes.
This year’s challenge required students to analyze a variety of data to predict trends in soybean prices. Teams were evaluated based on a number of factors, including data preparation, team synergy, and communication of results. Teams in the Undergraduate and Graduate divisions were also scored on the accuracy of their predictions. The challenge and data were curated by Farm Femmes.
“We firmly believe that investing in the next generation grows the future,” said Karen Hildebrand, Co-Founder of Farm Femmes. “Some days the seeds we plant are literal as farmers, but MinneMUDAC gave us the opportunity to grow the knowledge of agriculture and agtech.”
After the initial judging round in the morning, the top teams from each division advanced to the finals round in the auditorium. After the scores were tallied, prizes were then awarded in each division for First Place Overall, Analytic Acumen, and Serendipitous Discovery.
“We were very impressed by so many students,” said Hildebrand. “There were many who we judged individually who did not make it to the finals whose discoveries made us think of new ways we could run our business.”
More teams competed this year than in any previous MinneMUDAC competition, with teams traveling from as far away as Boston University to participate. The high turnout meant more volunteer judges were needed to evaluate the teams and 150 professionals from the community came to share their time and experience.
“We had a record number of not only women but all-women teams this year,” said Dan Atkins, MinneAnalytics co-founder and an organizer of the challenge. “Four of the Graduate division teams were all female, including a winning team. The Novice division also had an all-woman team winner.”
Thank you to everyone who participated in this year’s challenge! Special thanks to all the volunteers who served as judges. MinneMUDAC is presented by MinneAnalytics and the Midwest Undergraduate Data Analytics Competition (MUDAC).
Novice Division Finalists
Undergraduate Division Finalists
Graduate Division Finalists
Serendipitous Discovery: University of Minnesota – Carlson School of Management (team Data Vaders)
Sai Akhil Kodali, Anisha Mula, Vijay Ranjan Dhulipala, Sampada Sathe, Mainak Roy
Faculty Advisor: Edward McFowland III
By Graeme Thickins
Our Healthcare Startup & Enterprise Entanglement Extravaganza on October 10th at Optum was an unqualified success by any measure. If you were there, lucky you! There’s never been a gathering of this many healthcare startups publicly pitching in one place in Minnesota!
We were blown away that 106 startups submitted requests to pitch—not just from Minnesota, but from 19 other states, and three countries! Obviously, not all were ultimately able to make it to the event, but 70+ startups from 12 states and two countries did take the stage to present. About 36 of that total were MN-based (See the whole list here). Most did rapid-fire, 90-second pitches in our two morning sessions in the auditorium. And we squeezed in a great VC panel in the middle of that, featuring Mayo Ventures, Lemhi Ventures, UHG Ventures, and Capita3.
Before we realized that the only way to accommodate all the startups that wanted to pitch would be with 90-second pitches, we had promised about a dozen they could do six-minute pitches (our normal practice), and those took place in the afternoon. They were excellent!
All told, for the entire day, we had approximately 60 healthcare startups and 15 medtech / medical device startups present on stage.
Investors and corporate innovation execs who were present had a firehose of deal-flow as they have never seen. Dozens of planned one-on-one meetings took place between them and the startups during the afternoon, as well as countless unplanned one-on-ones. You’ll likely be hearing about deals that result!
A huge thank-you to all the founders who pitched—and to our great VC Panel in the morning, and our Reverse Pitch Panel in the afternoon, featuring the CIOs of Mayo and Optum. We all learned a lot! And a special thank-you to our community partners and sponsors, without whom the event could not have been the success it was.
More than 330 attended the event and we hope you all fill out the survey we sent out last week. We want your comments and opinions, as we hope to do another Startup Extravaganza in the future!
Graeme Thickins is a MinneAnalytics Board Member.