News & Blogs

Regional Partnership Names New President & CEO

FORT WAYNE, Ind. – The Northeast Indiana Regional Partnership has named a new leader. Economic development professional Stephane Frijia will assume the role of president and CEO in October....

CareSource Diversity & Social Impact Investment Fund Makes First Investment

Hammond, Ind. (Sept. 15, 2021) – CareSource and Elevate Ventures today announced the first investment from the CareSource Diversity & Social Impact Investment Fund. The investment was made...

Indianapolis-Based myCOI Lands $5M in Debt Financing to Fuel Growth

Indianapolis-based myCOI LLC, a fast-growing insurance technology company, has landed $5 million in debt financing from Seattle, Washington-based SaaS Capital. Founded in 2009, myCOI uses both...

Raising a Friends and Family Round (When Your Friends and Family Don’t Have Any Money)

Elevate Perspective Raising a Friends and Family Round (When Your Friends and Family Don’t Have Any Money) By Eric Steele, Entrepreneur-in-Residence, Southwest Indiana Early on in the...

Bee Corp Furthers Pilot Testing of Hive Tech

INDIANAPOLIS – Indianapolis-based The Bee Corp is continuing testing of its hive grading technology with new crops. The startup says it has launched pilot tests of Verifli, which uses infrared......

Simba Chain Raises $25 Million in Series A

SOUTH BEND, Indiana – September 3, 2021 – SIMBA Chain, the technology company that has eliminated the complexities of blockchain app development and reduced energy usage thus opening the door......

Indiana Venture Capital Activity Breaks Records

Sept. 2, 2021 — Indiana’s venture capital investment in the first half of 2021 exceeded annual totals of both 2019 and 2020, according to the 1H 2021 Indiana Venture Report released......

Fort Wayne Startup Focused on Managing Biases Receives Funding

Fort Wayne, Ind. – STRE.ME, a startup focused on reducing the effects of biases within the workplace, today announced that it has raised $270,000 in a pre-seed round led by......

Initiative Expands Access to Research and Innovation Funding in Indiana

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...

Venture Firm Announces 2020 Awards, Recognizes Statewide Players

INDIANAPOLIS – Elevate Ventures, Indiana’s venture development partner and investment firm, announced the 2020 Elevate Awards at its fourth annual Kinetic Conference. The awards and winners are:...

Elevate Nexus Grants $200K to Four Higher Education Institutions

INDIANAPOLIS (Aug 11, 2021) – Elevate Ventures today awarded $50,000 grants to Ball State University, Indiana Institute of Technology (Indiana Tech), Indiana University (IU) School of...

S.O.S. Challenge celebrates 22 student winners sharing $25K prize purse

By Cheryl Reed August 3, 2021 Twenty-two students shared in prize money from the 2021 TechPoint Summer Opportunities for Skills (S.O.S. Challenge) but competition organizers say every participant...

Startup Financing Lifts Aviation Firm

August 3, 2021 Warsaw, Ind.  — SimpleSortie, a startup firm with ambitions to connect air travelers to private aircraft operators, has received a $20,000 investment from the Elevate Ventures...

Jeff Ready of Scale Computing Recognized on CRN’s 2021 Top 100 Executives List and Named a Top 25 Innovator

INDIANAPOLIS – August 3, 2021 – Scale Computing, a market leader in edge computing, virtualization, and hyperconverged solutions, announced today that CRN®, a brand of The Channel...

Indianapolis Startup Secures Funding to Advance Platform, Grow Team

July 29, 2021 INDIANAPOLIS — Selflessly, a Certified B Corp focused on corporate philanthropy and social responsibility, today announced that it has raised a round of funding led by Indiana Spine......

CareSource Launches Diversity & Social Impact Fund in Indiana

July 28, 2021 INDIANAPOLIS – CareSource, a nationally recognized nonprofit health plan, today announced the launch of the CareSource Diversity & Social Impact Investment Fund through a...

Shutterstock Announces Formation Of Shutterstock.AI And The Acquisition Of Three Leading Artificial Intelligence Platforms

Federal Match Program for Indiana Business Expanded

July 27, 2021 INDIANAPOLIS – Elevate Ventures today announced the expansion of its Small Business Innovation Research and Small Business Technology Transfer (SBIR/STTR) matching program, giving...

Shutterstock Announces The Acquisition Of Three Leading Artificial Intelligence Platforms

July 27, 2021 New York, NY – July 27, 2021 – Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering full-service solutions, high-quality content, and tools for...

7 Reasons to Relocate or Expand Your Business in Indiana

July 22, 2021 It’s no secret that the bloom is off the rose in legacy tech hubs where congestion, living expenses, and difficulty making a name for yourself (along with......

Startup Receives Funding to Develop Reusable Menstrual Product

July 16, 2021 BLOOMINGTON, Ind. —Menstrual Mates, a startup focused on period care, has received $20,000 in early-stage funding from the Elevate Ventures Community Ideation Fund. Chief Executive...

Med Tech Firm Pivots, Selected to Showcase Innovation

July 15, 2021 INDIANAPOLIS – An Indianapolis startup is the only Hoosier company to earn a spot in a prestigious accelerator program for medical device companies. FAST BioMedical is developing......

Hoosier Tech Sector Already Surpasses VC Record

July 14, 2021 Mike Langellier is the CEO of TechPoint. (IIB Photo) INDIANAPOLIS – The chief executive officer of TechPoint, the state’s tech accelerator, may be understating the success the...

Elevate Ventures Invests $660K in 15 Companies

July 12, 2021. INDIANAPOLIS. — Elevate Ventures has invested $660,000 in 15 companies across Indiana through Elevate Nexus Regional Pitch Competitions. The 15 can now compete for an additional...