SOURCE: St. John's Capital Group

February 27, 2007 11:00 ET

UND's Center for Innovation and St. John's Capital Group Awards Entrepreneur Finance Scholarship

SAN JOSE, CA -- (MARKET WIRE) -- February 27, 2007 -- St. John's Capital Group, (www.stjohncapital.com), the premier financier for companies purchasing undervalued assets, announced today that its annual St. John's Capital Group Entrepreneur Finance Scholarship was awarded to Mr. Lee Groeschl. Lee is an MBA student with an emphasis on Entrepreneur Finance at UND (University of North Dakota). The annual scholarship was awarded by UND's Center for Innovation.

The St. John's Capital Entrepreneur Finance Scholarship is provided by a non-profit endowment fund (www.stjohncapital.com/non-profit) created by St. John's Capital Group to support multiple annual scholarships, charitable activities, and missions. The scholarship is to encourage and spread our passion in entrepreneur financing. Other scholarships include supporting social entrepreneur and promoting mutual understanding across cultures through international cooperation.

Mr. Bruce Gjovig, the CEO for UND's Center for Innovation who awarded this scholarship, said, "Mr. Lee Groeshl met St. John's Capital Finance Scholarship criteria very well. He started a company while in college to learn 'the venture creation process' and has been active in angel and seed capital activities as a student. Last fall, he organized, and currently serves as President of, the Dakota Venture Group, a student-managed venture fund, which allows UND students to learn the basics of angel and equity investing through its practice and application.

"The Dakota Venture Group just made its first investment in a student e-commerce venture, and is conducting due diligence on two other ventures. Lee is also an entrepreneur finance intern at the Center for Innovation and helped me organize two angel funds in Grand Forks and Fargo last summer and fall. He has actively participated in these angel fund meetings, offering support and assistance in the process. He has also met with several entrepreneurs getting them ready to make their pitch before the angel funds."

With the leadership from Bruce Gjovig and the support from individuals and foundations, the Center and Mr. Gjovig have received six (6) national awards for excellence in entrepreneurship and innovation. In 2006, UND was named the 8th best school for entrepreneurs out of 700 nationwide by Princeton Review and Entrepreneur magazine. In 2004, UND was ranked #14 of America's Most Entrepreneurial Colleges.

"St. John's Capital Group is honored to support and contribute to the entrepreneurship initiatives with the Center for Innovation through its Annual Entrepreneur Finance Scholarship," said Edwin Yeh, CEO of St. John's Capital Group. "We seek to continue to expand our non-profit fund management in the future so we can provide resources and support to deserving entrepreneurs such as Lee and worthy causes such as the Center for Innovation."

About St. John's Capital Group, Inc.

St. John's Capital Group, the premier financier of undervalued assets, provides Silicon Valley styled venture capital to visionary early stage real estate and financing companies. The portfolio companies of St. John's Capital Group typically apply Warren Buffet styled value-oriented approaches to investing. The current asset class investments of St. John's Capital Group include income producing properties and deeply discounted distressed mortgages. St. John's Capital Group was formed in 2006 as the umbrella company of several private capital and financing companies and funds who have been providing its investors and shareholders with high-yield and secured returns since 2000.

About UND's Center for Innovation

The Center for Innovation at the University of North Dakota 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 manages two tech incubators in the UND Tech Park, provides SBIR outreach to the state's tech community, and has formed three angel networks in Grand Forks, Fargo and Bismarck. The Center has fostered over 400 startups, which employs more than 4000 people and have attracted over $110 M in investment. The Center was named a Center for Excellence in Economic Development in 2003 while securing funds for the $4.2 M Ina Mae Rude Entrepreneur Center.

Contact Information

  • Media Contact:
    Josh Chen
    St. John's Capital Group
    Email Contact
    408-715-7249 x712