Ndsu Research & Technology Park Inc

TO ACHIEVE SUCCESSFUL, TECHNOLOGY-BASED ECONOMIC START-UP ENTREPRENEURS, HIGH-TECH BUSINESSES AND THE RESEARCH OF NORTH DAKOTA STATE UNIVERSITY WILL LEAD TO THE CREATION OF NEW BUSINESS VENTURES.

FOR CHARITABLE, SCIENTIFIC & EDUCATIONAL PURPOSES PRIMARILY PROMOTING PUBLIC/PRIVATE PARTNERSHIP, ADVANCING RESEARCH AND TECHNOLOGY DEVELOPMENT, INCLUDING ENTREPRENEURSHIP.THE FOLLOWING WERE THE NDSU RESEARCH & TECHNOLOGY PARK'S (ORGANIZATION) UNIQUE PROGRAMS IN 2023: AT THE TECHNOLOGY INCUBATOR, THE ORGANIZATION CONTINUES TO CREATE AN ENTREPRENEURIAL CULTURE THAT FOSTERS INNOVATION AND ENCOURAGES CREATIVITY. THIS WAS ACCOMPLISHED BY PROVIDING COACHING AND CONTINUED ON SCHEDULE O...MENTORING SERVICES AND NETWORKING EVENTS. IN 2014, THE ORGANIZATION BECAME AN ADMINISTRATOR FOR THE STATE OF NORTH DAKOTA DEPARTMENT OF COMMERCE (DOC) INNOVATE ND PROGRAM. THE ORGANIZATION ASSISTS THE DOC IN GROWING THE ENTREPRENEURIAL ECOSYSTEM IN NORTH DAKOTA AND PROVIDES SUPPORT FOR THE DEVELOPMENT OF NEW AND INNOVATIVE BUSINESSES. THE ORGANIZATION PARTICIPATES IN THE INNOVATE ND PROGRAM ALONG WITH THREE OTHER ENTREPRENEURIAL CENTERS LOCATED ACROSS THE STATE OF NORTH DAKOTA. THE ORGANIZATION ASSISTS PARTICIPANTS IN THE PROGRAM WITH VALIDATING THEIR PRODUCT AND MARKET ALONG WITH DEFINING THE VALUE PROPOSITION AND CUSTOMER IDENTIFICATION. THERE ARE TWO 3-MONTH PHASES OF THE PROGRAM. FOR THIS PAST FISCAL YEAR, THE ORGANIZATION MET WITH THREE PARTICIPANTS IN THE PROGRAM MEET ON A BI-WEEKLY BASIS TO TRACK HOW THEY ARE PROGRESSING IN EACH PHASE OF THE PROGRAM. THE ORGANIZATION COLLABORATES WITH THE NORTH DAKOTA SMALL BUSINESS DEVELOPMENT CENTER ON MANY DIFFERENT AREAS TO PROVIDE ASSISTANCE TO BUSINESSES. THESE ARE BUSINESSES IN VARYING DEGREES OF DEVELOPMENT. THE ORGANIZATION CONTINUES TO ASSIST CLIENTS LOCATED IN THE INCUBATOR BY PROVIDING COACHING AND MENTORING SERVICES.THE ORGANIZATION'S CUTTING-EDGE MAKERSPACE IS LOCATED IN THE ORGANIZATION'S TECHNOLOGY INCUBATOR. THE NDSU INNOVATION STUDIO PROVIDES AN ENVIRONMENT FOR STUDENTS AND PRIVATE SECTOR COMPANIES TO DEVELOP LINKAGES FOR SPECIALIZED TRAINING FOR THE DEVELOPMENT OF A QUALIFIED WORKFORCE FOR INDUSTRIES IN THE REGION. ULTIMATELY, A PIPELINE OF FUTURE TALENT WILL BE CREATED FOR COMPANIES IN THE REGION. THE NDSU INNOVATION STUDIO IS OPEN TO THE COMMUNITY, STUDENTS, FACULTY AND ENTREPRENEURS. THE NDSU INNOVATION STUDIO HAS PLAYED A CRUCIAL ROLE IN ASSISTING SEVERAL NEW COMPANIES TO CREATE THEIR PROTOTYPES AND MOVE INTO PRODUCTION. IN JUNE OF 2008, THE ORGANIZATION INVESTED IN RESEARCH PARK VENTURES, LLC (RPV). THE PARTNERSHIP WAS INCORPORATED FOR THE PURPOSE OF OPERATING A RENAISSANCE FUND CORPORATION FOR THE CITY OF FARGO. THE PURPOSE OF THE FUND IS TO RAISE FUNDS TO BE USED TO MAKE INVESTMENTS IN RENAISSANCE ZONE AND RESEARCH PARK PROJECTS AND TO ASSIST IN FINANCING OF RENAISSANCE ZONE PROJECTS IN A MANNER THAT WILL ENCOURAGE CAPITAL AND REAL ESTATE INVESTMENT IN THE CITY OF FARGO WHICH, IN RETURN, WILL ENCOURAGE THE EXPANSION OF TECHNOLOGY BASED ENTREPRENEURIAL BUSINESS DEVELOPMENT. THE PROJECT ZONES ARE LOCATED IN DOWNTOWN FARGO AND IN THE NDSU RESEARCH & TECHNOLOGY PARK AT NORTH DAKOTA STATE UNIVERSITY.