The Innovation Fund, initiated by Dakota Venture Group, is an Evergreen Fund established through a substantial donation from the Dakota Foundation. This fund is designed to be self-sustaining, as all returns on investments are reinvested to support ongoing growth and new investment ventures. It notably expanded following a significant contribution that facilitated a major investment in Edgewood REIT. The fund's operations are financially supported by sponsorships and donations, ensuring that all capital gains are reinvested into the fund, while administrative costs are covered externally. Contributors to the fund are dedicated to fostering economic development in North Dakota and Minnesota, with a strong belief in the value of experiential learning at the university level for budding venture capitalists and entrepreneurs.
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