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

    • "Wood" You Consider Investing in Timber?

      Looking for an untraditional way to diversify your traditional stock and fixed-income portfolio? If so, try thinking outside the typical realm of investable assets. Don’t know where to start? How about going against the “grain” and investing in timber? Why Trees? Investing in timber can yield a number of benefits. The main draw of having timber in your portfolio is its low, long-term correlation to traditional investments such as stocks and bonds. Low correlation...

    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

    • (photo courtesy of Taylor University)

      Taylor University President to Resign

      The president of Taylor University is stepping down. The university's board of trustees says Paul Lowell Haines has resigned from the position and will leave the Upland campus August 15. A specific reason for Haines' resignation was not given, however the Board Chair Paige Cunningham noted the move was "neither solicited nor encouraged" by the board. Haines graduated from Taylor in 1975. He later held various positions at the university including vice president for...

    • 1SI executives Matt Hall and Wendy Dant Chesser talked about the project on Inside INdiana Business.

      Momentum Building at 'Hot Spot' River Ridge

      As economic development officials in southeast Indiana welcomed news last week of Louisville-based PharmaCord's plans to invest $52 million and add up to 850 jobs at the River Ridge Commerce Center, they were quick to add there is more development on the horizon. River Ridge is a sprawling, 6,000 acre park located between Jeffersonville and Charlestown that was once home to the massive Indiana Army Ammunition plant and thousands of jobs. Today more than 50 companies call River...

    • "Wood" You Consider Investing in Timber?

      Looking for an untraditional way to diversify your traditional stock and fixed-income portfolio? If so, try thinking outside the typical realm of investable assets. Don’t know where to start? How about going against the “grain” and investing in timber? Why Trees? Investing in timber can yield a number of benefits. The main draw of having timber in your portfolio is its low, long-term correlation to traditional investments such as stocks and bonds. Low correlation...

    • (photo courtesy of Governor Eric Holcomb's office)

      Governor Meets with Ag Leaders on Delayed Planting

      Governor Eric Holcomb recently met with leaders from the state's agriculture sector regarding the impact of unusual weather conditions on farms and other ag businesses. The USDA says 84 percent of Indiana's corn crop and 64 percent of soybeans have been planted. Typically, both crops are at 100 percent planted by this time of the year.

    • Fairbanks Foundation Grants Funding to Marian University

      Marian University's Klipsch Educators College is set to receive $900,000 over a three-year period from the Richard M. Fairbanks Foundation. The funding will help with operating costs of Klipsch College's New Teacher Preparation Program, which will receive installments of $400,000, $300,000 and $200,000 through 2021. Fairbanks has awarded over $2.6M to the Klipsch College since 2016.