|Rapid growth companies can look to the Venture Capital Fund as a possible source of equity.
The New Venture Capital Program is an innovative financial program that provides flexible financing through debt and equity investments for new or expanding businesses in the state of North Dakota. The program is administered through the North Dakota Development and offered through the Bank of North Dakota. It can fund rapidly growing companies which require equity funding.
The Bank of North Dakota may provide funding for early stage companies which can show clear proof of completed product development and market acceptance as evidenced by growing sales. They will invest in a variety of technologies and types of businesses, including North Dakota Department of Commerce strategic target industries. The Bank of North Dakota will also invest in growth and later stage manufacturing, service and businesses with profitable growth potential.
For more information about this program, contact:
North Dakota Development Fund
PO Box 2057
Bismarck ND 58502-2057
To Apply for the New Venture Capital Program