The Indiana Economic Development Corporation (IEDC) announced $1.05 million in grant awards to accelerate entrepreneurial activity and resources statewide through its new Community Collaboration Fund (CCF). This investment will help power 32 community-led projects focused on entrepreneurial education, connection and acceleration across Indiana, with a particular focus on underrepresented founders and underserved markets.
"Indiana already ranks number two in the nation for starting a business, and these unique and collaborative projects are set to propel our entrepreneurial ecosystem to even greater heights,” said Secretary of Commerce David Rosenberg. “Through the Community Collaboration Fund, we’re accelerating 32 new projects aimed at filling critical gaps and providing more direct support and resources for our entrepreneurs and small businesses at every stage of their journey, ensuring that all Hoosiers have the tools needed to innovate, grow and succeed.”
CCF, launched in October 2023, is designed to foster Indiana’s already strong entrepreneurial ecosystem. Under the leadership of Governor Eric J. Holcomb, Indiana ranks No. 2 in the U.S. for starting a business by Forbes, boasts the 12th most active venture capital fund in the country, and has been recognized as a top 40 global emerging destination for entrepreneurship by the Global Entrepreneurship Network and its partners at Startup Genome.
The program provides matching grants to support new community collaborations, services and programming that will benefit Indiana’s entrepreneurial ecosystem with a focus on education, connection and acceleration. After an initial pilot of the program, the IEDC received more than 80 applications for its 2024 CCF grants. From the submissions, 32 projects were chosen based on their ability to fill gaps across the entrepreneurial ecosystem, support non-traditional markets and collaborate across boundaries.
The projects being funded, which are outlined here, will initiate a wide variety of programming and resources for entrepreneurs and small businesses, including pitch competitions, one-on-one mentorship, accelerators and student-focused entrepreneurial education.
