Fund to Create 'Stronger Core Economy' for Manufacturing
3 Jul 2020
INDIANAPOLIS - Indianapolis-based Elevate Ventures is providing additional details around a new fund to support Hoosier manufacturing. The $3 million Smart & Advanced Manufacturing Focus Fund was first announced last week by Governor Eric Holcomb as part of his COVID-19 relief efforts.
The fund, which is being managed by Elevate Ventures, aims to "provide investment, entrepreneurial support resources, and thought leadership to manufacturers and manufacturing entrepreneurs." The venture development organization says the goal is to support those seeking to grow new ideas in the manufacturing sector.