Carlson School of Management News

Greg Frankenfield named U of M's 2013 Entrepreneur of the Year

Thursday, September 12, 2013

Greg Frankenfield, co-founder and CEO of Magenic was presented with the University's Entrepreneur of the Year Award at 2013 Minnesota Cup ceremony on September 11, 2013 at McNamara Alumni Center.

"Greg is a passionate and optimistic entrepreneurial leader who is committed to creating opportunities for his employees and the community," said John Stavig, professional director of the Gary S. Holmes Center for Entrepreneurship at the Carlson School of Management at the University of Minnesota. "We're proud to recognize Greg as an entrepreneurial role model who has not only built an enduring company at Magenic, but who remains an active leader in the Young Presidents Organization, Children's Hospital Foundation Board, Smile Network, and local theater boards."

Greg earned two degrees from the University of Minnesota - an undergraduate degree in Chemical Engineering from the College of Science and Engineering and an MBA from the Carlson School. He has been a frequent speaker in entrepreneurship classes at the Carlson School and was one of the original mentors in the Minnesota Cup competition.

Greg started his career in the consumer products industry with P&G and General Mills. He co-founded Magenic in 1995 with Paul Fridman to fulfill his passion for solving business technology challenges and creating a great place to work. Over the past 18 years, Magenic has adapted with the rapidly changing technology platforms and grown into an international custom software development firm that employs 500 employees in eight offices worldwide. Headquartered in St. Louis Park, Magenic has been broadly recognized for its open culture and was recognized this year as one of the top ten workplaces in Minnesota.

Greg's most recent entrepreneurial effort is directed toward a passion he shares with his wife, Marissa. Together, they recently acquired and are upgrading the Old Log Theater, which recently opened their first production.

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