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Mi Terro, Femly, Flourish Savings, Options MN, Please Assist Me and Industrack Win Meda Million Dollar Challenge
6 Winners of 3rd Annual Meda Million Dollar Challenge Win a total of $1,100,000
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ST. PAUL, Minn., Jan. 28, 2021 /PRNewswire/ Twelve BIPOC entrepreneurs from across the nation competed in the final event for Meda s third annual Million Dollar Challenge on January 27, 2021. $1,100,000 in financing was awarded to the following six companies: We are incredibly impressed with all of those who participated in the Meda Million Dollar Challenge this year. In such tumultuous times, these BIPOC entrepreneurs have shown such resilience, innovation and dedication to their impressive businesses. We are looking forward to seeing how they will utilize their financing to launch into the next stages of their businesses, said Alfredo Martel, CEO of Meda. Every time a BIPOC entrepreneur succeeds, it is a win for the economy as
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Industrack was the only Minnesota firm among 12 companies to win in the finals of the Metropolitan Economic Development Association s Meda Million Dollar Challenge national business competition for minority entrepreneurs.
Plymouth-based Industrack, founded in 2008 by electrical engineer Raz Bajwa, provides integrated field-management software for plumbing, HVAC and electrical-service contractors, including customer relationship management, estimates, invoices dispatch and payment processing.
Industrack was awarded $100,000 of the $1.1 million in total prize money awarded in the annual competition.
Bajwa, 46, quit a corporate engineering job to start Industrack in 2008, as a different-type company. We have traction now, said Bajwa, the founder-owner. We re heading toward $2 million in revenue this year. We have customers, and about 20 employees, mostly in operations.
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