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Two North Dakota companies awarded LIFT Committee grants

The North Dakota Department of Commerce says that a total of $1 million was awarded to two companies for the month of July.

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Image: Courtesy of North Dakota Department of Commerce
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BISMARCK, N.D. • Two North Dakota companies recently received Innovation Technology Loan Fund (LIFT) grants.

“The LIFT Committee continues to meet monthly to review applications and award funding,” Commerce Head of Investments and Innovation Shayden Akason said in a news release. “The innovation loan fund currently has over $4.8 million remaining to be awarded this biennium. Eligible companies may apply at belegendary.link/LIFT .”

The North Dakota Department of Commerce said that a total of $1 million was awarded to two companies for the month of July. They include:

Dakota Energy Systems, a company that is establishing their presence in North Dakota through a hydro-electric power system using pressurized flow in pipes was awarded $500,000.

Vigilant Aerospace, an unmanned aircraft systems company in Grand Forks that focuses on detect and avoid software for beyond visual line of sight was awarded $500,000 contingent on a 1:1 match from non-debt sources, and that the majority of the dollars be spent within North Dakota.

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