The North Dakota Department of Commerce announced today that the Innovation Technology Loan Fund (LIFT) Committee awarded $600,000 to Prototype Garage LLC for August.
“The LIFT Committee continues to receive quality applications and reviews them monthly,” Commerce Head of Investments and Innovation Shayden Akason said. “The innovation loan fund currently has over $4.2 million remaining to be awarded this biennium. Eligible companies may apply at belegendary.link/LIFT.
Prototype Garage LLC is a company that is developing technology for recycling waste in order to reduce landfill-bound material and produce fiber and compostable organics for a variety of use cases.
For more information, please visit belegendary.link/LIFT.
The North Dakota Department of Commerce works to improve the quality of life for North Dakota citizens by leading efforts to attract, retain and expand wealth. Commerce serves businesses and communities statewide through committed people and partners who offer valuable programs and dynamic services.