Elevate Ventures Awards Investment Funding

Posted: Updated:

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

    • Market Caps: What's in Your Portfolio?

      Investors understand the importance of having a proper balance of large-, mid-, and small-cap companies in their stock portfolios. Unfortunately, there are no strict rules followed by index funds when categorizing by company size. When you "check under the hood" of your portfolio, you may discover you’re taking more (or less) risk than you intended! What Is Market Cap? Market capitalization, or market cap, is a term used to represent the size of a company.



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


  • Most Popular Stories

    • (Image of planed West Lake Corridor Expansion of the South Shore commuter rail line provided by the Northwest Indiana Regional Development Authority.)

      South Shore Extension Moves Closer to Federal Funding

      The South Shore Line West Lake Corridor is a step closer to up to $440 million in federal funding, thanks to a positive project rating from the Federal Transit Administration. The "medium-high" rating means the project, which involves the extension of the South Shore Line between Dyer and Hammond, is eligible for funding to cover a large portion of the more than $700 million project. The rating came from the FTA's Fiscal Year 2020 Annual Report on Funding Recommendations...

    • (photo courtesy of our partners at The Times of Northwest Indiana)

      Indiana Leads U.S. Steel Production

      Indiana once again led the nation in steel production in 2018. Jake Murphy with the American Iron and Steel Institute tells our partners at The Times of Northwest Indiana steel mills throughout the state made 26.7 million net tons of steel last year, up from 24.1 million in 2017. 

    • More Families Earn Hoosier Homestead Awards

      More than 50 families from throughout the state have been recognized for operating longstanding farms. Lieutenant Governor Suzanne Crouch and State Department of Agriculture Director Bruce Kettler have presented the latest Hoosier Homestead Awards, recognizing farms owned by the same family for more than 100 consecutive years.

    • The museum says the moves are in response to controversy over the HBO film "Leaving Neverland."

      Children's Museum Details Michael Jackson Decisions

      The Children's Museum of Indianapolis says it was in "an excess of caution" that it decided to remove multiple Michael Jackson artifacts from two exhibits. In a statement, the attraction says it will keep several Michael Jackson pictures on display as part of a direct recreation of AIDS activist and victim Ryan White's room.   Three Michael Jackson artifacts have been removed from two exhibits at The Children’s Museum of Indianapolis: his iconic...

    • The vacancy is being left by retiring Justice Brent Dickson.

      Supreme Court Removes Rental Fee Exemptions

      The Indiana Supreme Court has ruled that rental fees must be capped at $5 per unit in Bloomington and West Lafayette. Our partners at WFYI report the ruling removes an exemption for the cities from a 2014 state law that capped rental registration and inspection fees.