Skip to main content


The Smart and Advanced Manufacturing (SAM) Fund

Investment and support for entrepreneurs in manufacturing and distribution

Key information & criteria


Up to $500K


  • Access to additional funding and support
  • Access to additional Elevate resources


  • Companies based in Indiana
  • Must be in Smart or Advanced Manufacturing
  • Smart Manufacturing
    • AI/Machine Learning/Natural Language Processing
    • Data Analytics and Big Data
    • Augmented Reality/Virtual Reality/Extended Reality
  • Advanced Manufacturing
    • Additive (3D) Manufacturing Process
    • Industrial IoT Sensors/Programs/ Wireless Infrastructure
    • Robotics, Cobots, and Machine Vision

What to expect after applying

Meet with an EIR

After applying for the SAM Fund, the Entrepreneur-in-Residence will assist you to ensure you have everything you need to present to Elevate Ventures.

Present to Elevate

The Elevate Ventures 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 SAM Fund

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