Elevate Ventures Announces Seed Funding for High-Potential EntrepreneursIndianapolis - Elevate Ventures, a private venture development organization that nurtures and develops emerging and existing high-potential businesses into high-performing companies, plans to award $100,000 in North Central Indiana to high potential start up companies in 2013.
The High Potential Start-Up Grants, which range from $5,000 to $25,000, are designed to help early incubating companies fund measurable outcomes or milestones that will help them compete for incubation phase investment dollars. The grants are unique in that they are available only to pre-revenue companies still in the "incubation" phase.
Elevate expects to award six to seven grants in north central Indiana in 2013. The grants provide funding to high potential early stage ideas that lack the evidence, measurable outcomes, or milestones that would make them attractive to investors. Grant funding makes it possible for these companies to generate data needed as proof points for potential success.
Complementing the grants, Elevate Ventures provides business analysis and advisory services to entrepreneurs to develop their businesses to interest investment from private sources.
For High Potential Start-up Grant qualification information or to apply, please contact Kregg Kiel, Entrepreneur-In-Residence, North Central Region, at (317) 252-0285, ext. 301 or visit www.elevateventures.com/apply/reap to apply.
Source: Elevate Ventures