Program provides local ventures with paid interns to drive local economy
The UND Center for Innovation Foundation, UND School of Entrepreneurship, and Alerus Financial are pleased to announce the launch of the “UND Entrepreneur Professional Practice Program sponsored by Alerus Financial.” Alerus Financial’s $50,000 gift to the UND Center for Innovation Foundation provides startups and ventures with the opportunity to receive full or partial reimbursement of student salary expenses during the professional practice program.
Leading the nation, the UND Entrepreneur Professional Practice Program is the first of its kind. Although many universities are moving towards professional practice programs, no other program connects students with entrepreneurs to cover some or all of their salary expenses while simultaneously fostering economic growth.
“The UND Entrepreneur Professional Practice Program sponsored by Alerus Financial is a game changer not only for UND and its students, but also for our community,” said UND Center for Innovation Foundation CEO Bruce Gjovig. “Students and entrepreneurs will directly benefit from this program’s experiential learning environment. Students will have opportunity to complete meaningful initiatives or projects for the business at the same time the business receives guidance from the UND School of Entrepreneurship. Our long-term vision is to foster and grow local entrepreneurs which, in turn will create more jobs and economic growth in our community.”
All students currently enrolled at UND are eligible to participate in the program, with favorable consideration given to students who have demonstrated the necessary work ethic, initiative, creativity, and desire to be a successful entrepreneur. Because entrepreneurial minded students are a natural fit for the program, the UND School of Entrepreneurship will work closely with UND’s six other major colleges to attract students from all majors for the professional practice program.
“As an employer and advisor to local businesses, we see firsthand the workforce challenges within our community,” commented Chris Wolf, Grand Forks market president for Alerus Financial. “We need to not only groom our future talent, but also provide entrepreneurs with the necessary resources to grow their business. Our goal with donating the funds is to connect an entrepreneur with a UND student to further enhance an idea and ultimately, grow the community. We invite other businesses in the community to join us in supporting this effort.”
Startups and ventures of all revenue stages with a unique offering and the potential to generate future employee growth are encouraged to apply for the UND Entrepreneurship Processional Practice Program. Interested ventures must apply at the UND Center for Innovation Foundation for consideration.
For more information about the program, visit www.innovators.net, or contact LaRoyce Batchelor at email@example.com or 701.777.6220.
About UND Center for Innovation:
The Center for Innovation at UND 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 has fostered more than 670 startups, which employ more than 6,000 people and have attracted $140 million in investment. The Center, along with its Ina Mae Rude Entrepreneur Center, was named the state’s first Center for Excellence in Economic Development in 2003.
About UND School of Entrepreneurship:
The practical and experienced School of Entrepreneurship faculty members have developed a program designed to equip students with a comprehensive set of entrepreneurial skills, along with a strong business foundation provided by the UND College of Business & Public Administration core courses. The School focuses on reasoning, creativity, testing, and critical thinking skills valued by the most successful entrepreneurs and companies in business today. These skills make it possible to not only start a business, but make significant contributions to existing companies. The School’s courses are taught by entrepreneurial instructors with more than 50 years of combined business experience in service, retail, international, manufacturing and social enterprises.
About Alerus Financial Corporation:
About Alerus Financial Corporation: Alerus Financial Corporation is a diversified financial services company providing commercial and consumer banking, residential mortgage, insurance, trust, securities brokerage, investment advisory, and retirement plan administration, recordkeeping and advisory products and services, through its wholly owned subsidiary bank, Alerus Financial, N.A., and its affiliates Alerus Investment Advisors Corporation and Alerus Securities Corporation. Alerus’ banking offices are located in North Dakota’s Red River Valley, Minnesota’s Twin Cities, and Scottsdale, Arizona.
David L. Dodds
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