IEDC, Elevate Ventures to Launch Indiana Diversity Investment Fund
June 12, 2013
Indiana Economic Development Corporation, in partnership with Elevate Ventures, is launching the Indiana Diversity Investment Fund (IDI Fund), a sub-program under the Indiana Angel Network Fund. "This Diversity Investment Fund is yet another vehicle to discover and nurture leads in an undervalued sector that was largely ignored by investors at individual and institutional levels," said Ting Gootee, VP of Investments at Elevate Ventures. The IDI Fund will target Indiana businesses owned and managed by women, minorities and veterans, with average annual revenue of less than $3 million in their two most recent fiscal years.