Community Ideation Fund
+ Farnsworth Fund Social
Community Ideation Fund Powered by Elevate Ventures
We recently hosted the announcement of our first three Emerging Entrepreneurs while helping them launch into their next stage of business! The Community Ideation Fund invests in entrepreneurs to the tune of $5,000 to $20,000; this particular announcement includes three Farnsworth Founders, who earlier this year, received community, mentors, and money to launch and grow their business.
The Emerging Entrepreneur Launch Night was also shared with another Farnsworth Fund Social where many entrepreneurs were able to connect and share their ideas with others.
What is the Community Ideation Fund?
Fueled by Elevate Ventures, the Community Ideation Fund is a statewide fund specifically created to help ideation-stage high-potential companies move closer to a specific, measurable technology or product development milestone through an investment between $5,000 and $20,000. Eligible applicants include Indiana-based companies with headquarters in communities/regions under a partnership with Elevate Ventures and with no more than $50,000 in trailing revenue over the past 12-month period. Elevate has designated up to $200,000 per community over the next three years. The funding is sourced through the Indiana Economic Development Corporation’s 21st Century Technology and Research Fund.