While access to angel and seed-level capital resources for tech startups in Indiana has improved significantly over the past five years, securing additional funding for those same companies as they scale up continues to be a challenge.
There is a handful of venture capital firms in Indiana that can help these companies take the next step. However, in most cases they are dependent upon firms from out of state with interest in investing in the region. This need for additional scale up venture capital is only met when out-of-state firms take the time to get informed on the growing tech scene in Indiana.
Over the past three years, TechPoint’s annual Winners’ Circle event has made great strides to fill this gap by bringing in local and out-of-state investors to meet face-to-face with emerging Indiana tech companies. This year’s event was the biggest ever, pitching 37 tech companies with 35 VC firms from 16 different states. Many of these firms were visiting Indiana for the first time — including Grand Ventures from Grand Rapids, Mich.
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