Telo wins Securian Financial Award in MN Cup kickoff competition
ST. PAUL, Minnesota – (COMMERCIAL THREAD) – Securian Financial granted $ 10,000 to Telo, a Minneapolis-based startup, as the 2021 recipient of a Securian Financial sponsored award for innovators working to improve and enrich the lives of families and whose ideas make it easier for family to come first. The award, launched in 2016, is part of MN Cup, an annual statewide startup competition.
Telo develops the first significant innovation for the rollator in over 40 years. Although the most effective walking aid, walkers currently send more than 40,000 people to the emergency room each year because of their ability to “run away” from users, often causing falls.
Telo’s patent pending rollator features an inverted frame that prevents it from rolling forward. By placing the user in the center, the handles act as parallel bars, allowing users to take natural steps and maintain good walking habits. With built-in technology and a mobile app, Telo’s device tracks speed, distance and weight, allowing it to serve as an activity tracker for a population that cannot use traditional wearable devices on the wrist.
“The MN Cup is an incredible gift to all of our community, and Securian Financial is proud to help develop and promote Minnesota as a thriving hub of innovation, ”said Sid Gandhi, Director of Securian Financial’s corporate strategy and technology. “This year we congratulate Telo on their innovative rollator which will improve mobility to a lot. We believe their product will improve the overall health and well-being of individuals and families with mobility challenges. ”
A diverse group of executives from Securian Financial representing multiple functions within the company selected Telo as this year’s winner after watching presentations from Telo and other finalists. All MN Cup winners were honored on Monday, September 20 at a reception held at the McNamara Alumni Center at the University of Minnesota.
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