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Indiana Angel Network Fund (IANF)

Supporting seed investment in Indiana-based companies

Key information & criteria


Up to $500K


  • Seed stage financing with additional follow-up funding
  • Entrepreneur-in-Residence services
  • Elevate Advisor services
  • Access to Elevate Ventures Tech offerings (Partnered with AWS, Hubspot, Google Cloud Startup Program, and more)


  • Indiana-based
  • Co-investment of at least 50%
  • Addressable market of $500M+
  • Strong team with industry experience and prior startup experience
  • Well-articulated value proposition

What to expect after applying

Initial consideration

The Elevate team will assess and triage to the appropriate next step.

Present to Elevate

The Elevate investment team will evaluate if you are a fit through initial vetting and an in-person presentation and provide a recommendation for investment.

Due diligence

You will be asked to provide roughly 50 items for us to complete our due diligence process.

Final review & 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.

Apply for the IANF

On the application form, select “Direct Investment” from the dropdown menu to begin your application for the IANF.