The Innovation Fund is Dakota Venture Group’s original fund that was started by a generous donation from the Dakota Foundation. It is set up as an Evergreen Fund, meaning all returns from investments are fed back into the fund, allowing it to continuously grow and facilitate additional investment opportunities. The fund grew thanks to another generous donation which allowed the group to make a large investment in Edgewood REIT.
With this fund, all capital gains are reinvested into the venture fund and all administrative expenses are paid through sponsorships and donations. Individuals contributing to the Dakota Venture Group fund have a passion for economic growth in North Dakota and Minnesota. These entrepreneurial-minded benefactors also believe in the advantages and importance of experiential learning at the university level.
"My wife Lynn and I want to give students the opportunity for hands-on learning from investing in startup ventures to train both aspiring venture capitalists and emerging entrepreneurs who need to know what it takes to attract equity investment.”
- Bart Holaday, Founding Benefactor