What is a Dakota Rising Fellow?

A Dakota Rising Fellow is a person who has taken a startup business to a viable, profit-earning stage and is poised for the next level of growth. After successfully completing the application process, and being chosen, Fellows are connected to a community of statewide resources, mentors and financial experts. Personal and business growth strategies are developed while working in a small cohort where Fellows help one another, despite vastly different industries and experiences. After one year in the program, each Fellow is awarded a $10,000 grant to support professional growth and business expansion.

Click here to request additional information about becoming a Dakota Rising Fellow.

Do you have what it takes?

Are you the owner or primary decision maker of a business that is no longer concerned about survival? Are you primed for growth? Do you have at least one employee or contract for labor? Are you a job/wealth creator with a vision to bring outside dollars into your community? Are you ready to face the challenges known and unknown that have kept you from igniting growth in your company? If so, you are just the kind entrepreneur we are looking for. All it takes is an open mind and the willingness to grow. The cohort process is a deeply personal, highly confidential method of pushing you to do what you know you probably should, but don’t. The very fact that you commit to the program provides the accountability for you to follow through with what you say you’ll do, without excuses. Nowhere else can you get this sort of mentoring. You will work to prove yourself to your cohort. That’s how the Dakota Rising program works. 

Dakota Rising Fellows

The Dakota Rising Fellowship is an opportunity available to second stage entrepreneurs:

  • Whose business:
    • Is located in rural South Dakota
    • Employs at least one employee (PT or FT) or contract labor
    • Has progressed beyond survival.  At a minimum, the business must have filed a business tax return for at least two years (Schedule C qualifies)
    • Has potential to draw from beyond the immediate service area or provide an essential community product or service.
  • Whose applicant is:
    • The owner or primary decision maker
    • A full-time entrepreneur
    • Invested in personal/professional development
    • Invested in the personal/professional development of others
    • Committed to learning and growing
    • Able to be away from the business for three days, four times per year

What is the Fellowship application process?

Past Dakota Rising applicants contend that the application process alone is enough to get them thinking more strategically about growing their business. The application includes an executive summary, a business plan, and questions about leadership qualities. Assistance with the application is available statewide from a Small Business Development Center near you.

  • A staff member of Dakota Resources will contact you within 2 business days of receiving your request for information to determine eligibility.
  • If eligibility requirements are met, you will receive a link to to the 2016 Dakota Rising Entrepreneur Fellowship Application.  Applications for the 2016 round must be submitted by 5:00 p.m. CDT on September 15, 2016.
  • Your application will be reviewed by the Fellowship Selection Team, made up of Dakota Resources Staff and Dakota Rising Fellowship Alumni, all of whom have signed Confidentiality Agreements.
  • If you are selected as a Finalist, you will be invited to set up a booth about your business and be interviewed at the 2016 Dakota Rising Conference in Spearfish on October 8, 2016.  Fellows will be announced at the Gala that evening.

Fellowship Application is open August 1, 2016 – September 15, 2016.

 

Dakota Rising Fellows

The Dakota Rising Fellowship is an opportunity available to second stage entrepreneurs:

  • Whose business:
    • Is located in rural South Dakota
    • Employs at least one employee (PT or FT) or contract labor
    • Has progressed beyond survival.  At a minimum, the business must have filed a business tax return for at least two years (Schedule C qualifies)
    • Has potential to draw from beyond the immediate service area or provide an essential community product or service.
  • Whose applicant is:
    • The owner or primary decision maker
    • A full-time entrepreneur
    • Invested in personal/professional development
    • Invested in the personal/professional development of others
    • Committed to learning and growing
    • Able to be away from the business for three days, four times per year

Updates @ Dakota Resources

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