NIIC Announces New Investment Initiative in NE Indiana

The Northeast Indiana Innovation Center (NIIC) in Fort Wayne, IN has announced an new investment initiative called Launch Pad.

“We’re going to invest prior to and for product development,” he added. “Sometimes angels like to see prototypes already available before they will invest. We’re a little bit earlier, in that we’re going to put some funding behind a very viable idea that needs some development.”

The amount Launch Pad would invest in return for equity in a business would depend on where it is in its early development, Wright said.

“In the early stage it might be $10,000. In the prelaunch stage, it might be $15,000. And at venture launch, it might be $25,000.”