Origin Story

Elevate Ventures traces its origins back to 2011 when it was established by Governor Mitch Daniels through the Indiana Economic Development Corporation (IEDC). What began as mostly grant writing to innovative companies has grown into a beacon of what is possible through public-private partnerships. Over the years, we have continued to evolve while remaining focused on fostering innovation and entrepreneurship across the state.

To date we manage $225 million and have invested over $170 million into more than 550 startups and are committed to our vision of establishing Indiana as the Innovation Capital of the WorldTM. With accessible avenues to capital and ongoing post-investment support, our team is dedicated to guiding entrepreneurs through every stage of their journey toward sustainable growth and success.