The State Small Business Credit Initiative (SSBCI) Venture Capital program is a capital access program from the Indiana Economic Development Corporation (IEDC) in partnership with Elevate Ventures that funds early-stage companies and small businesses across Indiana. The IEDC is allocating $99 million to venture capital investments for early-revenue Indiana companies, with at least 37 percent dedicated to historically underserved businesses. Through Elevate Ventures, the program invests in pre-seed, seed, and early-stage funding rounds alongside co-investors in the Indiana Angel Network Fund. A companion Legend Fund loan participation program provides small business loans from $5,000 to $1,000,000 through mission-driven lenders including CDFIs and revolving loan funds. Technical assistance is available for SEDI-owned businesses preparing to access capital. Eligible applicants are early-stage companies headquartered in Indiana with 500 or fewer employees.

Elevate Small Business Grant (Indiana) is sponsored by Federal Home Loan Bank of Indianapolis (FHLBI) (administered through participating banks). The FHLBI Elevate Grants assist small businesses in Indiana and Michigan with investments in new technology, employee training, or marketing support. This grant can be used for IT education and upgrades.

Elevate Small Business Grant is a grant program from FHLBank Indianapolis that funds small businesses in Indiana seeking to expand operations or invest in workforce development. The program is delivered through FHLBank member institutions, allowing banks and credit unions to help their small business customers access grant funding for expansion or to train, retain, and hire new workers. Eligible recipients are small businesses in Indiana that work through an FHLBank Indianapolis member institution. The Elevate grant aims to strengthen small businesses as the economic foundation of communities and generate broader economic opportunity throughout the state.

Illinois Innovation Venture Fund (INVENT) is sponsored by State of Illinois. The INVENT program is an equity capital program designed to expand access to capital for small businesses in Illinois, with a focus on Capital Disadvantaged Business (CDB) owners, socially and economically disadvantaged individuals (SEDI), and industries aligned with Illinois's …

Illinois Innovation Venture Fund (INVENT) is sponsored by Illinois Department of Commerce and Economic Opportunity. The Illinois Innovation Venture Fund (INVENT) is an equity capital program designed to expand access to capital for small businesses, with a focus on Capital Disadvantaged Business (CDB) owners and socially and economically disadvantaged individuals (SEDI), including tech businesses.

Elevate Grants is a grant from the Federal Home Loan Bank of Indianapolis (FHLBI) that funds small businesses in Indiana and Michigan to expand operations, train employees, and invest in capital improvements. Grant recipients may receive up to $20,000 for capital expenditures, workforce training, technological enhancements, new or upgraded equipment, and other expenses needed to take their business to the next level. The program is administered through FHLBank Indianapolis member institutions, which partner with their small business customers to apply; Elevate is no longer a competitive program and operates through a Notice of Intent process. Eligible applicants are small business owners in Indiana and Michigan who work directly with an FHLBank Indianapolis member institution.

Elevate Grants is a grant program from Federal Home Loan Bank (FHLBank) Indianapolis that funds small business growth and workforce development in Indiana and Michigan. Small businesses throughout both states have used the grants to fund training, professional development, technological enhancements, and new equipment. Eligible business owners must partner directly with an FHLBank member institution to apply. Grant recipients may receive up to $20,000 for capital expenditures, workforce training, or other qualifying expenses. The program is designed to strengthen relationships between FHLBank members and their small business customers while benefiting the broader community.