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Pat East. Photo by Martin Boling by CRAIG COLEY An app that helps nonprofits track volunteers, a social networking platform for people in show business, and an app that reminds college students to do their assignments. These Bloomington startups have all received funding from the Flywheel Fund, a new venture capital initiative of The Mill. The Mill, founded in 2017, is a nonprofit organization that operates 19,000 square feet of space for coworking and entrepreneurship at 642 N. Madison St. Executive Director Pat East says the Flywheel Fund, launched in 2020, has a dual purpose. One is to provide funding for promising startups. The other is to create more local “angel investors,” a name for people who finance startup companies. Most of the fund’s members are new to this kind of investing, and the fund’s mission includes teaching them its fundamentals. ....
by: Reed Parker, Inside INdiana Business Posted: Feb 16, 2021 / 10:00 AM EST BLOOMINGTON, Ind. (Inside INdiana Business) Bloomington-based volunteer management platform Civic Champs has received another investment from Elevate Ventures in Indianapolis. Civic Champs says the investment, which brings the company’s total funding to $1 million since 2019, will be used to grow its sales and engineering teams. Founder and Chief Executive Officer Geng Wang says the company aims to leverage the funding to quadruple revenue in 2021. “The consistent support that Elevate Ventures has provided has been incredible,” Wang said. “Elevate has been in our court every step of the way. It’s nice to know we have a true partner that cares about us and is easy to work with.” ....
Five Local Startups Win Funding Through Mill Flywheel Fund magbloom.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from magbloom.com Daily Mail and Mail on Sunday newspapers.
Sunday, January 10, 2021 4:00 AM Businesses commit to creating 31,300 new jobs, setting a new annual record for economic development with average salaries topping $58,000. Indiana continues to attract new investment, with 46% of new jobs committed coming from Hoosier startups and U.S. and international companies launching operations in the state Expansion plans detail growth in key sectors, including manufacturing, life sciences, technology and aerospace and defense Small businesses and venture development support remain critical tools, helping launch 333 new businesses, secure $365.6 million in government contracts, and bolster 109 companies business plans to start and scale. Indiana Gov. Eric Holcomb announced the end of a fourth consecutive, record-breaking year for economic development in Indiana, with the Indiana Economic Development Corporation (IEDC) securing 282 commitments from companies to locate or grow in the state. Togethe ....