{"id":96439,"date":"2020-12-08T20:00:47","date_gmt":"2020-12-09T01:00:47","guid":{"rendered":"https:\/\/aroundfortwayne.com\/news\/?p=96439"},"modified":"2021-02-27T07:21:18","modified_gmt":"2021-02-27T12:21:18","slug":"fifteen-startups-receive-660k","status":"publish","type":"post","link":"https:\/\/aroundfortwayne.com\/news\/2020\/12\/08\/fifteen-startups-receive-660k\/","title":{"rendered":"Fifteen startups receive $660K"},"content":{"rendered":"

\"startups\"<\/p>\n

Elevate Ventures news release announces $660K for fifteen startups from the Nexus Pitch Competitions.<\/p>\n

Fifteen Startups Receive $660K from Nexus Pitch Competitions<\/strong><\/p>\n

<\/p>\n

Indianapolis, Indiana (December 8, 2020) \u2014 Fifteen Indiana-based startup companies have received a total of $660,000 in pre-seed and seed funding from Elevate Ventures<\/a> to drive growth.<\/p>\n

The 15 were chosen from 72 finalists that competed in the fall 2020 regional Elevate Nexus Pitch Competitions, which were held virtually Oct. 27-29. The competition was launched to invest in Indiana startups, with priority given to those engaged with higher education institutions. Startups seeking funds to build a minimum viable product are eligible for pre-seed awards, while companies that are further along \u2014 building and testing the processes that will be used to scale the business \u2014 are eligible for seed awards.<\/p>\n

\u201cWe are extremely pleased with the record number of applications, and the finalists\u2019 pitches have set a new bar for ingenuity and growth,\u201d said Landon Young, executive director of university initiatives at Elevate Ventures. \u201cThese companies embody the entrepreneurial spirit across Indiana to innovate and create new economic opportunities.\u201d<\/p>\n

Regional winners include<\/strong>:<\/p>\n

Northern Indiana<\/strong><\/p>\n

Pre-Seed ($20,000 investment)<\/em>
\nFloWaste Inc.; South Bend; University of Notre Dame
\nGittaSitta; Granger; University of Notre Dame
\nNearWave; South Bend; University of Notre Dame<\/p>\n

Seed ($80,000 investment)<\/em>
\nGraphene Synthetic Fuels; South Bend; University of Notre Dame
\nLensQuote; Bluffton<\/p>\n

Central Indiana<\/strong><\/p>\n

Pre-Seed ($20,000 investment)<\/em>
\nDencoda; West Lafayette; Purdue University
\nReezy; Carmel; Indiana University\u2013Bloomington
\nTeichos Laboratories; West Lafayette; Purdue University<\/p>\n

Seed ($80,000 investment)<\/em>
\nCatipult.ai; Indianapolis; Purdue University
\nIndy Gaming League; Indianapolis<\/p>\n

Southern Indiana<\/strong><\/p>\n

Pre-Seed ($20,000 investment)<\/em>
\nDeep Word; Bloomington; Indiana University\u2014Bloomington
\nIts Here; New Albany; Rose-Hulman Institute of Technology
\nShuffleMe; Bloomington; Indiana University\u2014Bloomington<\/p>\n

Seed ($80,000 investment)<\/em>
\nBlueprint Stats; Bloomington; Indiana University\u2014Bloomington
\nStagetime Inc.; Bloomington<\/p>\n

\u201cReceiving funding from the Elevate Nexus Pitch Competition is a fantastic stepping stone on our path to further growth and invaluable experience that will help us in future fundraising,\u201d said Ryan Gustus, co-founder of LensQuote.com<\/a>. \u201cThis came at a truly great time as we were wanting to grow more quickly, and we look forward to using this investment toward scaling up our sales team.\u201d<\/p>\n

In addition to receiving funding, each company is considered an Elevate Ventures portfolio business and gains access to Elevate\u2019s network of advisors and resources.<\/p>\n

Each company also has the opportunity to pitch during the statewide competition in 2021, when an additional $320,000 will be awarded.<\/p><\/blockquote>\n

Read more AFW posts about: Elevate Ventures<\/a> or LensQuote<\/a>.<\/p>\n

Related Images:<\/h3>
\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t\t\t\n\t\t\t\n\t\t<\/a>\n\t<\/div>","protected":false},"excerpt":{"rendered":"

Fifteen Indiana-based startup companies have received a total of $660,000 in pre-seed and seed funding from Elevate Ventures to drive growth.<\/p>\n","protected":false},"author":1,"featured_media":96440,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[1716],"tags":[12193,24379,1029,6744,24374,24376,24370,24363,6938,21219,24366,24367,24369,17476,1153,24375,24377,24362,24368,21642,24364,24371,24372,12241,24378,4063,24380,24373,5896,15390],"class_list":["post-96439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-releases","tag-bloomington-indiana","tag-blueprint-stats","tag-bluffton-indiana","tag-carmel-indiana","tag-catipult-ai","tag-deep-word","tag-dencoda","tag-dr-ryan-gustus","tag-elevate-ventures","tag-elevate-ventures-northeast-indiana","tag-flowaste-inc","tag-gittasitta","tag-graphene-synthetic-fuels","tag-indiana-university-bloomington","tag-indianapolis-indiana","tag-indy-gaming-league","tag-its-here","tag-lensquote","tag-nearwave","tag-new-albany-indiana","tag-nexus-regional-pitch-competition","tag-purdue-university","tag-reezy","tag-rose-hulman-institute-of-technology","tag-shuffleme","tag-south-bend","tag-stagetime-inc","tag-teichos-laboratories","tag-university-of-notre-dame","tag-west-lafayette-indiana"],"yoast_head":"\nFifteen startups receive $660K - 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