By Tony Armstrong
Early–stage capital is scarce both in Indiana and in the United States as a whole. Emerging companies frequently face a funding gap at the exact moment when capital is needed to begin transforming its research into commercial products. IURTC established the Innovate Indiana Fund in 2009 to invest in technologies discovered at Indiana University. The goal of the fund is to harness the immense creativity happening across IU’s eight campuses and nine centers of medical education to create businesses that benefit the entire state. Funding is available for university faculty and researchers who need financial support to bring their discoveries to the marketplace. The $10 million initial capitalization of the fund is allocated to early-stage and late-stage investments.
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