Elevate Ventures

Elevate Ventures nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies. They accomplish this by providing rigorous business analysis and robust advisory serivces that connect companies with the resources they need to succeed long-term. As a not-for-profit organization, they are able to offer unbiased, in-depth perspective and recommendations. Emerging, high-potential businesses Elevate Ventures seeks out business endeavors that identify a need in the marketplace and are well-positioned to successfully transition from research to product development to market. High-performing, Indiana-based Companies These companies grow local economies and employment throughout Indiana, in addition to attracting and retaining top-level talent for the Hoosier state. Rigorous business analysis Comprehensive due diligence is critical to determining the long-term financial viability of these companies. Robust advisory services Elevate Ventures provides more than just capital, they partner with entrepreneurs, investors and other local and state organizations to ensure the best return on investment. Resources to succeed long-term In addition to financial resources, Elevate addressees other market barriers, which may include management, business development, talent identification and retention, and specific technology development challenges. They don't just write a check and walk away - they help sustain business success and growth over time. Unbiased, in-depth perspective and recommendations With a seasoned staff and a host of proven outside partners, they provide objectivity and insights that are among the best in their profession.

Chris Lamothe

Investor

Jacob Schpok

VP of Entrepreneurial Services and Entrepreneur-In-Residence

Landon Young

Investor

Past deals in AgTech

Plantennas

Seed Round in 2022
Plantennas is an automated solution for plant propagation, life cycle inventory, and data management.

American Evidence

Seed Round in 2022
GUI-based automation and evidence management with blockchain backing for courts and cops and everyone in between.

Smart Apply

Seed Round in 2022
Smart Guided Systems LLC, based out of Indianapolis, IN, United States designs and develops technologies for High Value Permanent Crops including the Smart-Apply® Intelligent Spray Control System™ and the Permanent Crop Analyzer™.

FlightProfiler

Grant in 2022
FlightProfiler technology reduces Controlled Flight into Terrain and Loss of Control by enabling VTOL, UAS, GA & ATC to effectively manage vehicle movement with respect to weather constraints. This is accomplished by providing real-time, 3D atmospheric situational awareness, including for Low Altitude & Beyond Visual Line of Sight airspace. Among other benefits, this helps reduce inadvertent VFR flight into IMC and prevent violations of Federal Aviation Regulations.

Maijker

Grant in 2022
Maijker Corp commercializes groundbreaking AI and sensor technology research. The company uses Industry Standards to develop novel approaches to applying AI to specific manufacturing problems.

TechPoint

Grant in 2022
TechPoint is focused on promoting and accelerating the growth of Indiana’s tech community.

DiningTek

Seed Round in 2022
DiningTek is a business development platform focused on the food and dining industry, offering a range of services designed to enhance online presence and streamline operations for independent restaurants. The company provides solutions such as take-out ordering, mobile app creation, and precision marketing, which help clients increase their customer base and profit margins. Catering to a diverse clientele, from fine dining establishments to food trucks, DiningTek employs tailored techniques to meet individual business needs and drive growth. By leveraging advanced technology, the platform aims to empower restaurant operators with greater control over their marketing and sales processes.

Araqev

Pre Seed Round in 2021
Araqev creates software solutions for closed-loop, smart control in additive manufacturing and 3D printing based on machine learning (ML).

Heliponix

Seed Round in 2021
Scott Massey met Ivan Ball while working together on a NASA funded research project at Purdue University in an effort to create life support systems for future space colonies. What started as an introduction to an the innovating technology of hydroponics, left them both wondering why there was not a standard, aeroponic device for consumers to grow their own produce. After extensively researching patents of existing systems on the market, Scott and Ivan realized that the design they were drawing out on napkins had not yet been conceived. It was at that moment, Heliponix™ (formerly Hydro Grow) was founded. What started as a dream for these young engineers who wanted to make a difference in the world became a literal kitchen startup in an apartment on campus at Purdue University as Ivan and Scott built their initial prototypes which were funded by working night shifts as full-time students.

Toralgen

Seed Round in 2020
Toralgen, Inc. is a preclinical stage biopharmaceutical company based in Indianapolis, Indiana, focused on developing innovative drug delivery technologies. Established in 2017, the company specializes in a platform that enhances the functionality of oral drug administration. Toralgen's proprietary polybile nanopill delivery technology allows for the targeted delivery of active drug compounds, addressing the challenges associated with oral delivery. This approach not only simplifies the fabrication of the delivery system but also aims to improve the efficacy and safety of therapeutic agents.

Ateios

Seed Round in 2020
Ateios is enabling a new generation of thin and flexible electronics with our ultra-thin, conformable, and customizable batteries. The company's current focus is zinc-oxide batteries, that achieve 2-5x higher energy density compared to coin cells. Ateios’ novel manufacturing process allows customizable batteries that can be shaped around the needs of the product. The company was founded in 2018.

Smart Apply

Seed Round in 2020
Smart Guided Systems LLC, based out of Indianapolis, IN, United States designs and develops technologies for High Value Permanent Crops including the Smart-Apply® Intelligent Spray Control System™ and the Permanent Crop Analyzer™.

Gen3Bio

Seed Round in 2020
Gen3Bio is an innovation company that transforms waste algae into an ongoing stream of revenue.

JUA Technologies

Grant in 2019
JUA Technologies International is a Purdue University-affiliated startup focused on developing innovative solar-powered crop-drying devices. The company aims to reduce post-harvest losses and enhance the value of agricultural products through its solar dehydrator technology. This device is specifically designed for on-farm use, allowing individuals in food-insecure communities to effectively preserve their harvests and minimize food waste. By addressing critical challenges in food preservation, JUA Technologies contributes to improving the sustainability and efficiency of agricultural practices.

Toralgen

Seed Round in 2019
Toralgen, Inc. is a preclinical stage biopharmaceutical company based in Indianapolis, Indiana, focused on developing innovative drug delivery technologies. Established in 2017, the company specializes in a platform that enhances the functionality of oral drug administration. Toralgen's proprietary polybile nanopill delivery technology allows for the targeted delivery of active drug compounds, addressing the challenges associated with oral delivery. This approach not only simplifies the fabrication of the delivery system but also aims to improve the efficacy and safety of therapeutic agents.

OmniVis

Grant in 2018
OmniVis technology detects pathogens right at the source. Our easy-to-use hardware device and disposable test kit reduces the detection process to 30 minutes, accurately and affordably.

AgenDx Biosciences

Seed Round in 2018
AgenDx is an early stage molecular diagnostics company developing a revolutionary cost-effective molecular diagnostics platform. Their novel technology allows simple molecular diagnostic lab-quality testing. With a quick sample-to-answer in minutes, their platform is positioned to transform where and how disease is detected and treated. Their platform accommodates a wide range of nucleic-acid based tests for infectious disease, cancer, and other chronic conditions including cardiovascular disease and arthritis. Their initial focus is to prove the AgenDx technology by developing tests for aiding physician’s treatment decisions for pancreatic cancer. Their platform is designed for operation by untrained users in clinical settings near the patient. The sample is collected and inserted into a disposable cartridge. A control system automates and runs the test. Clear results will be displayed and transmitted. Their proprietary system will accommodate any biological sample, including blood, saliva, and tissue.

Bee Corp.

Series A in 2017
Bee Corp. is a company that focuses on developing data analytics and decision-support solutions for beekeeping. Its primary products include Queen's Guard, a tool for monitoring and managing bee queens, which utilizes a beehive sensor and data analytics software to track hive conditions. The system monitors temperature and other critical data, sending alerts to users when it detects potential queen loss. Additionally, Bee Corp. offers Verifli, which employs infrared inspection technology to assess bee health and distribution, ensuring effective pollination for growers. By providing these advanced monitoring solutions, Bee Corp. aims to support beekeepers and contribute to the sustainable restoration of honeybee populations. Founded in 2016, the company is headquartered in Indianapolis, Indiana.

Spensa Technologies

Series A in 2015
Spensa Technologies Inc. is a company that specializes in developing software solutions for the agricultural sector. Based in West Lafayette, Indiana, and founded in 2009, Spensa offers several innovative tools, including OpenScout, a scouting application that enables users to record and tag notes and photos from agricultural fields, and MyTraps, a mobile tool designed for collecting and visualizing detailed pest data. Additionally, the company provides Z-Trap, a system that utilizes smart insect traps to analyze and predict insect populations. Spensa's mission focuses on reducing reliance on manual labor, promoting eco-friendly farming practices, and enhancing crop production efficiency through the application of advanced technologies, including wireless sensor networks, robotics, and computer vision. As of April 2018, Spensa operates as a subsidiary of Telvent DTN, LLC.

CommSense

Seed Round in 2015
Developer of sensor technology for smartphones. The company's technology improves smartphone battery life and service by monitoring and adjusting the phone's cellular antenna to automatically run efficiently.

SteadyServ

Series A in 2014
SteadyServ's iKeg ® technology is an IoT driven SaaS solution which measures and reports, on a near-real-time basis, down to the ounce, the exact volume of beer remaining in a retailer's kegs. Up until today, it has been nearly impossible to track and manage draft beer inventory effectively. Given that draft sales exceed $23 billion dollars each year in just the U.S., the cost of waste, lost sales and unimproved yields and margin is staggering. The system uses collected intelligence to make purchase and product mix decisions based on the distributor’s current inventory, past on-premise performance, profitability goals, comparative popularity, and availability at nearby competitors. The average retailer sees a 400% cash on cash return on investment. SteadyServ has also developed a dynamic digital menu which showcases, and auto-curates every draft beer currently on tap, as well as, automatically updates and corrects beers when they change status (volume, price, availability). This information can be manipulated based on consumption patterns and is augmented with contextual advertising, which has a positive impact on sales. SteadyServ can provide retailers and brewers with onsite performance analytics with provide insights on marketing and promotion attribution. SteadyServ also owns the worlds largest database of beer, which it uses as part of the iKeg and Kegonomics solutions. Moreover, SteadyServ ingests every retail transaction across every SKU its retail base sells, which provides SteadyServ a massive, rich and real time database of draft beer and on-premise retail activity that before has been unavailable. SteadyServ ® has been awarded 2 PCT patents with two additional ones in the process of moving from 'pending' to active and four other patents pending. The company operates throughout the United States, Canada, the United Kingdom and several EU countries currently.