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The North Dakota Department of Commerce Legacy Investment for Technology Loan Fund (LIFT) Committee announced today it awarded a total of $1,750,000 in funding in March.

“We anticipate the LIFT Committee will exhaust its available funds in the next couple months,” said Shayden Akason, Head of Investments and Innovation at Commerce. “There remains approximately $2.75 million to be awarded this biennium with a pipeline of more than 10 applications waiting to be reviewed.”

March LIFT recipients:  


  • BrAIn, Inc. - $750,000 awarded to this diagnostic platform which combines a high content neuronal imaging platform with an AI algorithm to diagnose neurological diseases.  
  • FamGenix - $500,000 awarded to this software company opening its Quality Assurance Department in Fargo.  The software captures family health history information that allows clinicians access to their history for hereditary diseases.  
  • PaveWise - $500,000 awarded to this asphalt paving app in Bismarck to commercialize an on-site hyper-local weather station to log real-time project conditions.

Commerce works with the Bank of North Dakota to manage and administer the loan fund. LIFT loan terms include 0% interest for the first three years of the loan, and 2% interest for the next two years, and an interest rate equal to a standard Bank of North Dakota loan for all subsequent years.

The program is open to North Dakota companies working in advanced computing and data management, agriculture technology, autonomous and unmanned vehicles and technologies, energy, health care, value-added agriculture, value-added energy, and any area specifically identified by the LIFT committee as contributing to the diversification of the state’s economy.


For grant program details, visit https://belegendary.link/LIFT. 

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