Elevate Ventures plans to award up to $100,000 in northeast and north central Indiana to high potential startup companies this year.
Ranging from $5,000 to $25,000, the High Potential Start-up Grants are designed to help imagining or early incubating phase companies fund measurable outcomes or milestones that will help them compete for incubation phase investment dollars, a news release said.
Elevate Ventures High Potential Start-up Grants are available only to pre-revenue companies still in the ideation or incubation stage. Elevate expects to award six to seven grants in north-central Indiana within the calendar year, with an additional $100,000 in grants available in northeast Indiana.
For qualification information or to apply, visit www.elevateventures.com/apply/reap.
Intel’s CEO pushes into mobile markets
Intel Chief Executive Officer Brian Krzanich, trying to speed up the companys push into mobile markets, has taken direct control of the division that is responsible for designing chips. Intel will accelerate a push to get the companys chips used by makers of smartphones and tablets.