Elevate Ventures Awards Investment Funding

Posted: Updated:
SOUTH BEND and ELKHART -

Indianapolis-based venture development organization Elevate Ventures has granted investment funding to two north central Indiana companies. The funding is from the organization's Community Ideation Fund, which is used to help ideation-stage companies progress their  product with an investment of $5,000-$20,000.

The organization has partnered with Startup South Bend-Elkhart to award funding to South Bend's Frost Control Systems and Healthy Points. Frost Control Systems develops sensors to gauge road safety during winter maintenance. 

“The Community Ideation Fund is by-purpose – this money allows Frost Control Systems to thrive and grow, while also improving the lives of the whole community,” said Frost Control Systems president, Bradley Tener. “I can’t even begin to explain the positive impact this support has already had on our product development and resulting manufacturing.”

Healthy Points is a healthcare technology company specializing in helping at-risk pregnant women communicate with healthcare professionals via social media.

“The Elevate Community Ideation Fund is essential in enabling Healthy Points to complete an exciting product trial with over 200 at-risk pregnant women, having the potential to save the health system over $6.5 million,” said Healthy Points co-founder, Gillian Shaw. “With a successful trial here locally, Healthy Points has the goal of reaching health systems across Indiana and the United States, which will not only save health systems billions of dollars – it will dramatically increase the quality of life for at-risk pregnant women and save lives.”

Eligible applicants include Indiana-based companies with established headquarters who have no more than $50,000 in trailing revenue over the past year. Click here for more information on Elevate Ventures' Community Ideation Fund. 

  • Perspectives

    • Baby Boomers Are Impacting the Building Industry

      There are currently 78 million baby boomers in the U.S., making up 25% of the population and controlling 67% ($28 trillion) of the country’s wealth, according to the Living In Place Institute. AARP says 90% of people surveyed want to remain as long as possible in their homes. The majority of those 65 and older remodel their home to make it safer and accessible. In fact, 45% of all remodeling work is being done for people over the age of 65. With this amount of data supporting...

    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

    • Shelly Timmons

      IU Health Names New Leader of Neurosurgery

      The Indiana University School of Medicine and IU Health Physicians have named Shelly Timmons to lead the department of neurosurgery. She previously served at Penn State Health Milton S. Hershey Medical Center as vice chair for administration in the department of neurosurgery and director of neurotrauma.  

    • (Photo Courtesy: Roche Diagnostics)

      Roche VP on List of Influential Women Executives

      An executive with Roche Diagnostics has joined an exclusive list of prominent and influential women, including Oprah Winfrey and Serena Williams.  Cindy Carlisle, Vice President of Human Resources at Roche Indy, was named to Savoy Magazine’s 2019 Most Influential Women in Corporate America. 

    • New Mixed-Use Development Planned for Fishers

      A new mixed-use development is coming to Fishers. Thompson Thrift Retail Group has announced the development of The Station, an office building that is part of an overall project that includes a 150-room hotel, a future retail pad along 116th Street and nearly 40 3-story townhomes.

    • Muncie Official, Business Owner Indicted for Fraud

      The district administrator for the Muncie Sanitary District and a Muncie business owner have been indicted on multiple charges, including wire fraud. U.S. Attorney Josh Minkler's office says Debra Nicole Grigsby and Tony Franklin were allegedly involved in a kickback scheme involving contracts for infrastructure projects.

    • Baby Boomers Are Impacting the Building Industry

      There are currently 78 million baby boomers in the U.S., making up 25% of the population and controlling 67% ($28 trillion) of the country’s wealth, according to the Living In Place Institute. AARP says 90% of people surveyed want to remain as long as possible in their homes. The majority of those 65 and older remodel their home to make it safer and accessible. In fact, 45% of all remodeling work is being done for people over the age of 65. With this amount of data supporting...