Question 1

Who can apply for a grant?

Accepted Answer

Anyone residing in the 5-state area of Minnesota, North Dakota, South Dakota, Wyoming, or Montana.

We have an acceptance committee that looks not only at the idea, but the entrepreneur, their time, commitment, and capacity to work through our program.

Question 2

What happens if my idea fails validation?

Accepted Answer

If the idea fails, the entrepreneur can reapply with their plan for a pivot, or with an entirely new idea.

Question 3

What happens when my idea is proven as validated?

Accepted Answer

There are 3 choices:
Go it alone with confidence gained through the BisonX incubator process.

Pitch our fund for capital if there is already a team in place.

Pitch our co-founder studio for help with a team and raising capital.

Question 4

Who qualifies for funding?

Accepted Answer

Anyone who has gone through the BisonX incubator, has a validated idea, and/or has an existing business they want to expand.

Question 5

Does BisonX provide funding through debt or equity?

Accepted Answer

If we find the company worthy of funding, we will issue a term sheet that could include debt, equity, or a combination of both.

Question 6

What services does BisonX offer to entrepreneurs?

Accepted Answer

BisonX offers venture capital funding and a startup incubator program to empower entrepreneurs and provide access to non-traditional financial models.

Question 7

Who is eligible to apply for a grant at BisonX?

Accepted Answer

Anyone residing in the five-state area of Minnesota, North Dakota, South Dakota, Wyoming, or Montana can apply. The acceptance committee evaluates the idea, entrepreneur's commitment, and capacity to work through the program.

Question 8

What options are available if my business idea is successfully validated at BisonX?

Accepted Answer

After validation, you can go it alone with confidence, pitch the BisonX fund for capital if you have a team, or pitch the co-founder studio for help with a team and raising capital.

Question 9

Does BisonX provide funding through debt, equity, or both?

Accepted Answer

If approved for funding, BisonX may issue a term sheet that includes debt, equity, or a combination of both.

Question 10

What are BisonX's business hours?

Accepted Answer

BisonX is open Monday through Friday from 9:00 AM to 5:00 PM and closed on Saturdays and Sundays.

Question 11

Where is BisonX located and how can I contact them?

Accepted Answer

BisonX is located at 19 8th Street South PMB 432, Fargo, ND 58103, US. You can contact them by phone at +1 218-213-1819 or email info@bisonx.org.

Question 12

What nearby places can I visit before or after my meeting at BisonX?

Accepted Answer

Nearby you can visit the historic Floyd Building, the 8th Street Art gallery, and Nichole's Fine Pastry and Cafe, offering local culture and dining options to enrich your visit.

Question 13

Are there nearby transportation options to help me get to BisonX?

Accepted Answer

BisonX is centrally located on 8th Street in Fargo, close to various businesses and services, making it accessible by local transit and rideshare options.

Question 14

What non-profit organizations are near BisonX that support the community?

Accepted Answer

Nearby community organizations include Haven Midwest, Dear NICU Mama, and the Fargo Moorhead Opera Co, which support social services and community engagement.

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