There are limited resources for grants to help support small businesses. These resources will need to be checked regularly to determine available funding.

Update:
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The Indiana Economic Development Corporation has approved $10 million to launch the Economic Activity Stabilization and Enhancement (EASE) program in response to COVID-19. The program has three complimentary initiatives that are aimed at supporting technology and operational advancements in Indiana’s manufacturing industry, which has long been a key driver of the state’s economy. The three initiatives are as follows:

  • Smart & Advanced Manufacturing Focus Fund: Managed by Elevate Ventures, the state’s venture development partner, this fund will make seed and early-stage investments and provide entrepreneurship resources to manufacturing-focused startups. Investments will focus on companies developing or integrating smart technologies such as 3D printing, data analytics and augmented or virtual reality. The fund will also identify and encourage IP-to-commercialization opportunities in the manufacturing sector.
    • Total Funding: $3 million
    • Investment: Up to $500,000 (Minimum 1:1 co-investment)
    • Timeline: Elevate Ventures will immediately launch the SAM Focus Fund
    • Program Contact: Mark Gramelspacher (Entrepreneur-in-Residence, Elevate Ventures) – 317.975.1906 or mgramelspacher@elevateventures.com
 
  • Manufacturing Readiness Grants: Administered in partnership with Conexus Indiana, a nonprofit-branded initiative of the Central Indiana Corporate Partnership (CICP), the IEDC will provide matching grants to companies committing to modernizing their operations or integrating smart technologies and processes in order to improve capacity, speed and quality. The funding may also be utilized for health care manufacturing technology, providing financial assistance to manufacturers supporting COVID-19 response efforts.
    • Total Funding: $4 million
    • Investment: Up to $200,000 (Minimum 1:1 matching basis)
    • Timeline: Conexus Indiana plans to launch the grant application in July, with initial grant recommendations beginning in August
    • Program Contact: Jennifer Mann (Director of Communications, Conexus Indiana) – 708.601.0564 or jmann@conexusindiana.com
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