PRE-REVENUE STAGE
Community Ideation Fund
Move closer to your next big milestone
Key information & criteria
INVESTMENT LEVEL:
Up to $20K
BENEFITS:
Access to additional funding and resources
Potential access to helpful connections in your community
Access to additional Elevate initiatives
Entrepreneur-in-Residence services
QUALIFICATIONS:
Addressable market over $500M + clear competitive advantage
Strong + coachable team
Identified target persona + market strategy
Clearly identified use of funds to support next milestone achievement
Companies with no more than $50K in revenue over the past 12 months
Must be located in 1 of the 5 regional partnership locations
Eligible Counties
Adams, Allen, Bartholomew, Brown, Clark, DeKalb, Dubois, Elkhart, Floyd, Gibson, Huntington, Kosciusko, LaGrange, Marshall, Monroe, Noble, Pike, Posey, St. Joseph, Steuben, Vanderburgh, Wabash, Warrick, Wells, Whitley
What to expect after applying
Meet with an EIR
The Entrepreneur-in-Residence in your region will coach you through what it takes to create a compelling pitch deck.
Present to committee
A regional committee will evaluate if you are a fit and provide a recommendation for investment.
Final review and closing
The Elevate team will then review the recommendation and decide whether to approve it for closing.
Ongoing reporting
Once finalized, you are responsible for providing quarterly reports to Elevate while receiving portfolio-company benefits.
Featured Community Ideation Fund Award Winners
We are fortunate to have participation from Elevate Ventures’s Community Ideation Fund, which allowed us to close this round and start building a lasting relationship.
It’s Here
When I began working with Elevate, my pitching skills were subpar. Like many entrepreneurs, I struggled to see the forest for the trees because I was so close to the product and business. Because Elevate understands investors’ needs, they helped me improve my pitch significantly. Dan Meek’s counsel helped Slice win Community Ideation Fund (CIF) money from Elevate. If that wasn’t clear, I’ll say it another way – Elevate coached me to help win money from Elevate. How amazing is that?
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