Watertown entrepreneurs have a new resource to help them take their concept
from dream to reality. The Watertown Development Company, in partnership with
the South Dakota Enterprise Institute (EI), is launching Kampeska Capital, LLC,
which will provide financial resources for local startup companies that exhibit
potential for growth and high economic impact.
“We’re very excited about Kampeska Capital, which is the first of its kind in
Watertown,” said Craig Atkins, President and Executive Director of the
Watertown Development Company, which is also one of the local investors in the
“Kampeska Capital allows us to provide Watertown entrepreneurs with startup
capital so they can secure additional funding and financial resources to get off
the ground,” Atkins said. “This fund fills a void and allows us to help small
businesses that we were not able to help before.”
Kampeska Capital, LLC is completely funded with local money from accredited
private investors in the Watertown area and will only be used for those
companies wanting to start in Watertown.
The South Dakota Enterprise Institute, a South Dakota non-profit entrepreneur
development company, organized Kampeska Capital and will help administer it.
“These funds—often referred to as angel funds—play an important role in the
financing chain of start-up companies in South Dakota,” said Enterprise Institute
executive director Tim Weelborg.
“Kampeska Capital is going to be a great tool for economic development in
Watertown and the visionary leadership and support of Craig Atkins, the
Watertown Development Company board and Don Roby at H20-20 are what
really made this angel fund a reality.”
The creation of Kampeska Capital is one of the action steps identified in the H20-
20 vision plan for Watertown. The successful launch of the Kampeska fund
means one more objective of the strategic vision will be implemented.
Ryan Boschee, co-chair of the H20-20 Vision Implementation Committee, says
Kampeska Capital will complement other forms of traditional financing and
provide more opportunities for local entrepreneurs.
“The launch of Kampeska Capital really exemplifies the progressive forward
thinking nature of the Watertown community.”
Boschee went on to say, “The WDC’s efforts in creating this angel fund provides
a solid foundation for implementing a key goal of the H20-20 vision plan’s goal of
Diversity of Employment Opportunities.”
Tom Eitreim, Angel Fund Manager at the Enterprise Institute says, “These angel
funds help to create new opportunities and broaden the entrepreneurial
ecosystem in South Dakota, something that is vital to the continued growth of our
To date, Watertown investors have contributed over $750,000 to the Kampeska
Capital fund but Atkins is hopeful they will raise over $1 million in the coming
Entrepreneurs in the Watertown area that need investment capital are
encouraged to apply by contacting the Watertown Development Company at
605.884.0340, Enterprise Institute at 605.697.5015 or the Small Business
Development Center at 605.882.5115.