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Re:Minnesota’s First Tech Accelerator Now Taking Applications by rdouble on Saturday April 02, 2011 @09:37PM (#2401488)
They list the types of companies they don't want:

Bad Fit: Lifestyle companies. Consulting companies where the pricing model is tied to hourly labor. Anything with a hardware component (i.e. WakeMate or PedalBrain). Med device. Oil rigs in The Gulf.  You get the picture.

Re:Minnesota’s First Tech Accelerator Now Taking Applications by domodomo on Saturday April 02, 2011 @10:15PM (#2401564)
My bad for not noticing this. Thanks.