Preceptis Medical Inc. of Plymouth Wins Prestigious Competition

This week Plymouth-based Preceptis Medical, Inc.,  a med-tech start-up, was named the grand prize winner of the 2013 Minnesota Cup competition, reports Twin Cities Business online.

The company develops surgical tools designed to reduce pain and surgical time during ear-tube procedures. Preceptis was awarded thousands of dollars and free professional services to help further build its business.

The Minnesota Cup is a statewide entrepreneurial competition that seeks the newest and most innovative business ideas. This year marked the ninth annual contest, which commenced this spring and attracted roughly 1,100 entries. More than 8,000 Minnesotans have participated in the competition since its 2005 inception, reports TCbmag.com.