Regional founders see equity investment near $10.5 million
Doug LeDuc, KPC Media.com
“Hard work and patience paid off during 2019 for several northeast Indiana entrepreneurs, both in recognition and funding for their blossoming businesses.
Close to $10.5 million in equity investment went to half a dozen companies coming into their own in northeast Indiana. And half of those businesses had received entrepreneurial support organization help from the Northeast Indiana Innovation Center.
‘Despite a challenging early-stage capital access environment in the Midwest, we are thrilled that outside investors saw the unique value proposition and market opportunities for significant investments in Allied, Biopoly and Stre.me,’ Karl LaPan, the NIIC’s president and CEO, said in an email.
‘Clearly it shows that compelling ideas with solid management teams and well-defined market niches can over-achieve their outside investment goals.’
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