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The Center for Innovation at the University of North Dakota was among the first entrepreneur outreach centers in the nation when formed in 1984. The Center provides assistance to innovators, entrepreneurs, and researchers to launch new ventures, commercialize new technologies, and secure access to capital from private and public sources. The Center manages two tech incubators in the UND Tech Park, provides SBIR outreach to the state's tech community, and has formed three angel networks in Grand Forks, Fargo and Bismarck. It is also home to a student managed venture fund, where students make the actual investment decisions, Dakota Venture Group (see profile). The Center has fostered over 670 startups, which employs more than 6000 people and have attracted over $140M in investment. One incubator, the Skalicky Tech Incubator, is dedicated to supporting the growth of early stage technology-based ventures. The Skalicky Tech Incubator provides a supportive, creative, and entrepreneurial environment that fosters innovation, collaboration and teamwork. A second incubator, the Ina Mae Rude Entrepreneur Center offers the James C. Ray Idea Lab, a state-of-the-art meeting space with audio-visual capabilities including presentation equipment, video conferencing and web casting capabilities. $4 million+ in capital has been raised.
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