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Project raising cash for new businesses

November 15th, 2012

News Coverage:

Published: November 15, 2012 3:00 a.m.

Project raising cash for new businesses

Staff, news services

The Northeast Indiana Regional Partnership on Wednesday announced the launch of REAP – Regional Entrepreneurship Action Plan.

The program aims to support innovation and entrepreneurial activity throughout northern Indiana. The Regional Partnership is leading local fundraising efforts for REAP as the group tries to raise $1 million in three years.

The REAP initiative is led by Indianapolis-based Elevate Ventures, a nonprofit organization that provides resources to startups. The goal is to raise $200 million in investments; create or retain more than 3,000 jobs during a three-year period; and serve about 160 promising startups throughout northern Indiana.