Two startups from Target + Techstars Moving to Minneapolis

Kavita Kumar reported in today’s Minneapolis Star Tribune that, “Roderick Lindner had an announcement to make at Target + Techstars’ Demo Day: His startup was moving to the Twin Cities from Belgium.

“‘During the Techstars program, we fell in love with Minneapolis,’ said the co-founder of SpotCrowd, who sported a maroon and gold Gophers scarf at the Wednesday night event. ‘I’ll have to buy some snow boots.’

“SpotCrowd is a seven-person software company helping retailers spot shoplifters in real time through surveillance video. StoryXpress, a six-person firm based in New Delhi, also told the crowd of hundreds at First Avenue it was moving here.”

The article stated that, “Others revealed pilot projects with Target at Demo Day, the culminating event of the three-month boot camp when the 10 participating startups deliver polished pitches to potential investors as well as mentors and friends.

“Executives for both SpotCrowd and StoryXpress said Minneapolis made sense as their home base because of the connections they made during the program and because of the other big retailers and major corporations who call the Twin Cities home.

“SpotCrowd had planned to move its headquarters in New York City before the program started, but executives changed their mind over the summer once they saw what Minneapolis has to offer.”

This entry was posted in Start-up Company Law. Bookmark the permalink. Both comments and trackbacks are currently closed.