Indiana 21st Century Research & Tech Fund SBIR Phase 0/I/II Match

Indiana 21st Century Research & Tech Fund SBIR Phase 0/I/II Match sits under the Indiana Economic Development Corporation and Elevate Ventures partnership. It is a state-backed support route for Indiana companies already in the federal SBIR/STTR system, and it is structured as a grant program rather than equity capital. Awards run from $5,000 to $250,000, with a median actual award of $75,000, and the program is rolling. The notes break the route into a Phase 0 proposal-prep grant of $5,000 plus Phase I and Phase II matching support. Eligibility is limited to for-profit firms that are Indiana-based and holding a federal SBIR/STTR award, with the record pointing to deep-tech, TRL 3-7 projects. The program favors founders who can convert federal traction into a state match without overcomplicating the project. It is most relevant when the company already has a strong SBIR/STTR application, a credible commercialization path, and a need for proposal support or follow-on capital. Elevate Ventures administers the route, so applicants usually need to work through that partnership rather than a generic open call.

No upcoming rounds verified. Cadence: Rolling.