Moving Mobility Forward: Telo Brings Idea to Reality
Thursday, September 23, 2021
There has been no significant design change to the rollator walker since its invention more than 40 years ago. Until now.
Telo, a company founded by four recent University of Minnesota graduates, rethought the entire device. By putting the user in front, rather than behind, the new design could benefit millions of mobility-compromised people.
What started as an idea in a Carlson School course is one of the most promising startups in Minnesota.
Telo is just one example of how startup dreams can become a reality. The Carlson School helps all along the way. Experiential courses with world-class teachers. Mentorship from experienced entrepreneurs. Support via funding and competitions. A dedicated center for entrepreneurship. Students and alumni get what they need to get ideas off the ground.
How We Support Entrepreneurship
The Carlson School and the Gary S. Holmes Center for Entrepreneurship have developed key partnerships both across the University of Minnesota System and around the Twin Cities business community to support entrepreneurs.
Ascend Twin Cities
BIPOC entrepreneurs with high-potential companies gain support from the Holmes Center for Entrepreneurship’s new management education program.
Part of a 15-city national network, Ascend Twin Cities is a partnership between the Holmes Center and the Metropolitan Economic Development Association (Meda). The first cohort had 12 business owners participate in 12 bi-weekly sessions led by a cross-functional team of Carlson School instructors to develop their growth strategies and connect with leading corporations. Three of these companies were sponsored by the Holmes Center to participate in semester-long projects as part of the Carlson Ventures Enterprise course. Companies participating in 2020 have already raised more than $2 million in capital and been awarded two contracts from corporations introduced through this program.
MIN-Corps is the University’s site for the National Science Foundation I-Corps program. Carla Pavone, associate director of the Holmes Center, co-leads this program that provides commercialization education and coaching to help STEM students, post-doctorates, research scientists, and faculty members develop the skills required to translate their innovations into products and services with real-world impact. Since 2014, 3,750+ participants from 22 colleges within the University of Minnesota and across the business community have participated in more than 100 MIN-Corps academic courses, commercialization bootcamps, value proposition design workshops, seminars, and events.
6,500 square feet of innovation, on campus, and open to any student!
Get the Funding Your Startup Needs
Any startups need to raise funding. Through investment opportunities or competitions, the Carlson School provides ways to advance ideas and move to the next level.
MN Cup: The Largest Statewide Competition in the U.S.
Through the Holmes Center, the Carlson School annually hosts MN Cup, the largest statewide startup competition in the country. The competition reaches emerging entrepreneurs from across the state and connects them with education, mentorship, and support to launch and accelerate the development of their new ventures.
One of the most active investment networks at the University, this group focuses on supporting Minnesota-based companies. The network has 80 active investors and has invested $15 million into 50 companies.
Expand Your Skills in the Classroom
Through its extensive coursework, the Carlson School provides students with opportunities to build and shape their entrepreneurial skills.
The START-UP Class: Open to all UMN students
The Carlson School’s STARTUP course allows students to develop their own personal business ideas by working with instructors and mentors from the business community to test their entrepreneurial ventures. In the class, participating students are eligible to receive pro bono legal assistance and small seed capital grants to fund prototype development and testing.
Designed for students interested in learning and practicing entrepreneurial frameworks, tools, and mindsets, CVE has been active for 20 years. Through a combination of coursework and real-world expertise, students in the Ventures Enterprise typically research, validate, and implement new business concepts using entrepreneurial best practices and methodologies.
Through informal discussions at the dinner table of their historic Nicollet Island Inn, Caryl and Larry Abdo, both Carlson School alumni, and other invited entrepreneurs share their perspectives and advice with Carlson School students. These dinners are structured to generate lively discussion on a range of topics relevant to current students. In the past decade, the Abdo’s have brought more than 400 students together to talk about nearly every aspect of entrepreneurship imaginable.
At the Center of it All
The Gary S. Holmes Center for Entrepreneurship is the hub of entrepreneurship and innovation at the University of Minnesota that inspires, educates, and connects the next generation of Minnesota's entrepreneurs. The Holmes Center has a wide variety of resources, including:
Grow North works to accelerate and connect Minnesota's food and agriculture entrepreneur and innovation ecosystem.
Twin Cities Startup Week
One of the largest free entrepreneurial festivals in the United States, this week-long celebration showcases the best startups from around the Twin Cities area.
DEED Financing Programs
Business financing programs that can help companies and communities retain existing jobs and create new high-quality jobs.
This annual competition is for University of Minnesota students to develop solutions to social and environmental challenges. Students can win up to $5500.
Organized by the Holmes Center and led by a committed group of women entrepreneurs and investors, WE* is focused on supporting scalable, women-led startups in Minnesota through a series of conferences and events.
Hundreds of Startups and Growing
Carlson School alumni have started a number of successful businesses, including: