INDIANAPOLIS (Aug. 12, 2021) – Elevate Ventures today announced the full launch of the Innovation Voucher Program, providing Indiana startups access to funding for more innovation-driven research and product development capabilities.
The Innovation Voucher Program was initially established in 2019 by legislation and administered primarily by the Indiana Economic Development Corp. (IEDC). Elevate Ventures’ partnership with IEDC on the program will focus on Indiana-based startups with demonstrated business needs and continued high-growth potential. Startups may be eligible for up to $50,000 in services from qualified Indiana higher education institutions and authorized nonprofit research providers to support research and development, product development, and commercialization.
“Elevate Ventures has a track record of supporting Indiana-based startups through both programmatic engagements and pre-seed, seed and early-stage grant or investment funds,” said Ting Gootee, Elevate Ventures chief investment officer. “We are excited to have this particular program in our management portfolio and look forward to leveraging it toward the highest impact on our entrepreneurship community.”
The program will be open to applications a few times a year. The current application is open through Sept. 17, 2021. For full eligibility details, click here. To apply for Innovation Voucher Program funding, please click here.