New Elevate Ventures Fund Aims to Catalyze Innovators

Posted: Updated:
(Image courtesy of 3B Apps.) (Image courtesy of 3B Apps.)
FORT WAYNE -

Indianapolis-based Elevate Ventures says a new funding initiative will be a force for entrepreneurs in regions where it has established a presence. The Community Ideation Fund will make $200,000 available in each of Elevate Ventures' partnership regions over the next three years.

The funding comes from the state's 21st Century Research and Technology Fund, which is overseen by the Indiana Economic Development Corp. It focuses on statewide public-private partnership opportunities that involve innovation. Applicants, which must meet requirements including being headquartered in an Elevate partnership region, can seek between $5,000 and $20,000.

Chief Executive Officer Chris LaMothe says "we're pleased to be able to offer the Community Ideation Fund in regions where we have partnerships and see a promising entrepreneurial ecosystem. For young startups that aren't quite ready to seek traditional investment funding, these smaller amounts can be the catalyst that propels them forward to that next stage of investment and growth. Supporting founders every step of the way ultimately stimulates the types of entrepreneurial ecosystems we’re trying to foster statewide."

Elevate Ventures has partnerships in the South Bend-Elkhart region, as well as southern, southwest and northeast Indiana.

Three startups within the Fort Wayne-based elevate northeast Indiana footprint have taken advantage of the program: restaurant app developer 3B Apps, healthcare motion-analysis tech creator Apollo Dynamics and hand-held medical device developer Blaire Biomedical. They will be featured October 16 during an Emerging Entrepreneur Launch Night at the Wunderkammer Co. facility in Fort Wayne.

You can connect to more about the Community Ideation Fund by clicking here.

  • Perspectives

    • Tax Planning: Now’s the Time to Tackle It!

      Year-end is still months away, but smart investors have already begun their tax planning. Spending time analyzing your capital-gain situation could benefit you come next April 15th, no matter what investment vehicles you use - individual securities, mutual funds, exchange traded funds, or others. Here's how…

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Wesemann Hall at the Valparaiso University Law School (photo courtesy Tony V. Martin/The Times of Northwest Indiana)

      Valpo School of Law Transfer Denied

      A proposal to transfer Valparaiso University's law school to another university has been shot down. The Tennessee Higher Education Commission has denied the transfer to Middle Tennessee State University, which would have led to the creation of a College of Law at the school. 

    • Harris Corp. employs nearly 500 at its Fort Wayne facility.

      Planned Defense Mega-Merger Involves Fort Wayne Operation

      A defense industry contractor with a presence in Fort Wayne has announced a merger agreement. Florida-based Harris Corp. (NYSE: HRS) and L3 Technologies Inc. (NYSE: LLL) in New York say the combination will create the sixth-largest defense company in the country. In early-2015, Harris completed the $4.75 billion acquisition of Exelis, a long-time manufacturer of military radio technology in Fort Wayne. Shortly after the acquisition, Harris consolidated...

    • Manufacturer to Close in Muncie

      Illinois-based JD Norman Industries is planning to close its facility in Muncie. In a notice to the state, the company says the decision will result in the layoffs of 130 employees. JD Norman did not provide a reason for the closure.

    • More Indiana Sears, Kmart Stores to be Cut

      Multiple Sears and Kmart stores throughout Indiana will be victims of the latest round of closures prompted by the parent company's bankruptcy filing. Illinois-based Sears Holdings Corp. (Nasdaq: SHLD) says a total of 142 locations will be shuttered as part of efforts to return to longterm profitability and competitiveness. Liquidation sales are slated to begin soon and the stores are expected to close by the end of the year. In its most recent earnings report, the company announced...

    • Zimmer Biomet Partnering With Apple

      Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) has announced a partnership with Apple Inc. (Nasdaq: AAPL) to assist patients undergoing knee and hip replacement surgeries. Zimmer Biomet has developed an app for the iPhone and Apple Watch designed to improve the connection between patients and their surgical care teams.