North Dakota agriculture and technology companies benefit from Legacy Investment for Technology Loan Fund
25 Jul 2023
As part of its commitment to fuel innovation and economic growth in North Dakota, the North Dakota Department of Commerce Legacy Investment for Technology Loan Fund (LIFT) Committee awarded a total of $1,750,000 in funding to three companies in July.
“The LIFT loan fund supports technology advancement by providing financing for commercialization of intellectual property within the state,” said Shayden Akason, Head of Investments and Innovation at Commerce. “We thank the North Dakota Legislative Assembly for appropriating $10 million to the LIFT fund balance for the 2023-25 biennium.”