South Bend: Today, Elevate Ventures announced it is seeking 25 local companies to fill openings in its Economic Gardening Program in North Central Indiana. Often referred to as a “grow from within” strategy, the Elevate Ventures Economic Gardening Program is designed to provide existing companies with the tools and knowledge they need to continue their growth. Administered by a team of economic gardening specialists from the Edward Lowe Foundation, the services are supplied at no cost to the company.
Elevate Ventures, a statewide organization that provides a deep bench of dedicated entrepreneurs with the practical experience to vet opportunities and guide emerging companies, initially launched its Economic Gardening program in January 2012. Since then, more than 80 companies across the state, including nearly 30 in North Central Indiana, have completed the program, and many owners have credited it for bringing value and perspective to their business. Kregg Kiel, an Elevate Ventures Entrepreneur-In-Residence in the North Central Indiana region, says that many of the company executives who have completed the program have been able to make measurable changes to their businesses because of the guidance provided.
“Economic gardening specialists function much like an outside team of experts. Their goal is not to dictate or implement solutions, but to help CEOs identify issues that might be hindering growth — and point them to new tools, business concepts
and information to make better decisions,” explained Kiel. “Elevate has now been running the program for over a year, and we’re excited to about the results we’ve gathered. Already, we’re seeing projected revenues that have climbed over 20% from the previous year. This program is invaluable for second-stage companies in our ecosystem.”
Mark Sanderson, President at Treadstone, LLC and a recent client of the Economic Gardening Program, agreed that that he saw enormous value in the program and its process.
“Treadstone has seen significant growth after participating in the Economic Gardening Program,” Sanderson said. “The program has allowed us to reach out to markets that weren’t readily available to us prior to our involvement. The experience and expertise of the consulting team forced us to dissect our business in a way that brought insight and clarity to our daily operations. The Economic Gardening team aligned our efforts in a way that is achieving maximum results. They understand the demands of both time & money on an entrepreneur and work accordingly.”
To be considered for selection as a participant in the Elevate Ventures Economic Gardening Program, interested businesses must be for-profit, privately held companies headquartered and operated in Indiana. All applicants must also demonstrate growth in employment and/or revenue during two of the last five years and have between $750,000 and $25 million in annual revenue.
For a complete list of eligibility requirements and to apply for the Elevate Ventures Economic Gardening Program, visit http://www.elevateventures.com/programs/economic-gardening.
About Economic Gardening
The Elevate Ventures Economic Gardening Program is managed through a partnership between Elevate Ventures and the Edward Lowe Foundation. It serves second-stage, growth-oriented companies by addressing strategic issues, like penetrating new markets, refining business models, developing teams and embracing new
leadership roles. Economic gardening provides information and decision- making assistance to companies that are transitioning from small to large, with services customized to meet the just-in-time needs of this audience. Launched in January 2012, contributors in North Central Indiana include the 1st Source Foundation, CB Richard Ellis, the Community Foundation of St. Joseph County, Crowe Horwath LLP, the Elkhart County Community Foundation, Elkhart General Hospital, Key Bank, Lake City Bank, McGladrey LLP, Memorial Hospital and Health System, Mutual Bank, NIPSCO, Old National Bank, StepStone Angels – Warsaw, the University of Notre Dame, and an anonymous donor.
About Elevate Ventures
Elevate Ventures is a private venture development organization that nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. Elevate Ventures accomplishes this by providing access to capital, rigorous business analysis and robust advisory services that connect companies with the right mix of resources businesses need to succeed long-term. As a not-for-profit organization, Elevate Ventures is able to offer unbiased, in-depth perspective and recommendations. To learn more about Elevate Ventures, its team and its funds under management, visit www.elevateventures.com.
Source: Elevate Ventures