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NDSU Technology Incubator
North Dakota State University
COE Funds Distributed: $0
Total Match: $6.15 million
Funded: November 2004
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Purpose
TheNDSU Technology Incubator hosts businesses doing research and development while offering students an opportunity to participate in cutting-edge research. Located in the North Dakota State University Research and Technology Park, the Technology Incubator received $1.25 million in funding from the North Dakota Development Fund in 2005. The incubator currently hosts eight tenants and the staff offers support in a variety of technical areas such as:- developing business and marketing plans
- equity or debt finance planning
- commercialization services
- forming strategic alliances
- strategic planning
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Project Highlights
- The technology incubator opened the doors of its 52,600 sq. ft. building in March 2007.
- The incubator's 88 employees (eight tech incubator employees and 80 tenant employees at an estimated $3.8 million total payroll) provided services to 21 companies in 2006-2007 alone. They also provided ongoing due diligence, deal-flow generation and administrative services as part of in-kind support to the F-M Angel Investment fund.
- Bobcat®, an anchor tenant of the Technology Incubator, employs 22 people in its research and development facility at the incubator.
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