Elevate Program Surpasses Initial Impact ExpectationsPosted: Updated:
A private venture development group is expanding a successful program that has been focusing on second-stage companies in northern Indiana. Elevate Ventures says many of the 75 companies that just completed the first year anticipate adding jobs and increasing revenue. There are plans to take the program to other parts of the state. July 2, 2013
INDIANAPOLIS (Jul. 2, 2013): Elevate Ventures has announced it will be adding a leadership assessment, access to executive roundtables, follow-on engagements and implementation services to its popular Economic Gardening program. These additions were announced following collected data that showed significant improvement in employment and revenue data gathered from surveyed companies.
Designed to provide CEOs with the tools and knowledge they need to ignite their company’s growth, the Elevate Ventures Economic Gardening Program is a targeted effort to strategically address challenges that face second-stage companies. With these additional services, company executives will now be better prepared to achieve their growth objectives regardless of the economic environment.
David Clark, a Venture Partner for Elevate Ventures and manager of Elevate’s programs in the Northern regions, believes that these enhancements will improve the already successful results gathered from recently surveyed Economic Gardening clients.
“We’ve already seen tremendous economic impact from the 75 companies who have completed this program across the Northern regions,” said Clark. “Participants surveyed in the regions less than a month ago forecast an average of 21% growth in employment over the last year, and a 30% growth in revenue. That’s incredible progress, especially when you realize that these companies generated over $550 million in revenue last year and have a significant economic impact in their local communities. Results like these only reinforce the importance of this program to second-stage companies in the regions.”
Recently, the Elevate Ventures team also announced that it was seeking an additional 25 applicants per region in Northeast, North Central and Northwest Indiana. To be considered for selection as a participant in the Elevate Ventures Economic Gardening Program, interested businesses should be for-profit, privately held companies headquartered and operated in Indiana. All applicants must also demonstrate growth in employment and/or revenue during two of the last five years and have between $750,000 and $25 million in annual revenue. Services are provided at no cost to the company.
For a complete list of eligibility guidelines and to apply for the Elevate Ventures Economic Gardening Program, visit http://www.elevateventures.com/programs/economic-gardening.
About Economic Gardening
The Elevate Ventures Economic Gardening Program is managed through a partnership between Elevate Ventures and the Edward Lowe Foundation and the Lions Lead. It serves second-stage, growth-oriented companies by addressing strategic issues, like penetrating new markets, refining business models, developing teams and embracing new leadership roles. Economic gardening provides information and decision- making assistance to companies that are transitioning from small to large, with services customized to meet the just-in-time needs of this audience. Launched in January 2012, the program is funded by community stakeholders throughout Northwest, North Central and Northeast Indiana.
About Elevate Ventures
Elevate Ventures is a private venture development organization that nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. Elevate Ventures accomplishes this by providing access to capital, rigorous business analysis and robust advisory services that connect companies with the right mix of resources businesses need to succeed long-term. As a not-for-profit organization, Elevate Ventures is able to offer unbiased, in-depth perspective and recommendations. To learn more about Elevate Ventures, its team and its funds under management, visit www.elevateventures.com.Source: Elevate Ventures