INDIANAPOLIS - Indianapolis Ballet Inc. has launched a capital campaign as it works to establish a professional ballet company in the city. The organization is looking to raise $1.2 million by the end of the year.

The Indianapolis Ballet aims to debut at the Toby Theatre at the Indianapolis Museum of Art in early 2018. In 2016, Indianapolis Ballet Inc. finalized a comprehensive business plan for the ballet company, using shared resources from the Indianapolis School of Ballet's faculty, facility and staff.

"The financial stability that has been demonstrated over these past 11 years at the Indianapolis School of Ballet presents a clear picture for the viability and long-term success of the professional ballet company," says Board President Michael O'Brien. "The Indianapolis School of Ballet has been recognized as the premier destination for classical ballet training, main-stage performances and community outreach in Indianapolis since its founding in 2006."

The season debut for the Indianapolis Ballet would be in early 2018, with two weeklong residencies at the Toby Theater. The organization will hold auditions for dancers from throughout the country, with dates to be announced in June.

Interim Director of Development Susan Moritz says the effort has already attracted $300,000 in funds and pledges thanks to support from the Barbara and Karl R. Zimmer Jr. Family Foundation and members of the board.