Indiana Economic Development Corporation (IEDC) & Elevate Ventures

Helps Indiana Economic Development Corporation & Elevate Ventures to support practical collaboration across research and industry.

The Indiana Economic Development Corporation is Indiana's state economic development authority, and this entry also includes Elevate Ventures, its state-backed venture partner. Together they cover incentives, workforce support, loan participation, and startup equity for companies operating across all 92 counties.

IEDC's routes include discretionary tax credits and grants such as EDGE, Hoosier Business Investment, the Skills Enhancement Fund, Manufacturing Readiness Grants, and the 21st Century Research & Tech Fund SBIR match. The same platform also includes the SSBCI Legend Fund for loan participation, while Elevate Ventures runs pre-seed, seed, and growth equity programs with a focus on high-potential companies and a $500 million-plus TAM screen. The listed caps include USD 250,000 for the SBIR match, USD 200,000 for manufacturing grants, and USD 1 million for loan participation, with the tax credits negotiated directly rather than posted as simple call prizes.

Companies fit here when they have job creation, capital investment, manufacturing modernization, or startup scale-up potential. IEDC handles the incentive side and direct negotiation, while Elevate adds early-stage capital and accelerator-style support. The combined entry is best read as one state platform with two funding channels: public incentives on one side and venture capital on the other.