Indiana University Launches $10M Innovate Indiana Fund

Indiana University President McRobbie announced the new $10M Innovate Indiana Fund on Inside Indiana Business with Gerry Dick.

Mission of Innovate Indiana Fund

The Innovate Indiana Fund was established to invest in technologies discovered at Indiana University and help bring them to the marketplace. The Fund will assist with the translation of these technologies into innovative commercial products, services, and treatments, as well as with the setup of new technology–based companies to develop them.

McRobbie stated that $5M will be allocated to early stage seed funding and $5M will be allocated for companies seeking late stage investments.