CAPITAL. TALENT. WORKPLACE. NETWORK.
STARTUP RESOURCES @ THE NIIC.
If you’re serious about an idea and you’re serious about entrepreneurship, you know there are a lot of business incubation programs, coworking sites and growth accelerators to choose from. Before you make a decision, we advise you to have a look around, do some research and carefully weigh your options.
When you’re ready to hear what The NIIC has to offer, here’s the short answer: A lot.
We categorize our entrepreneurial resources into four pillars: Capital, Talent, Workplace and Networking. The approach is time-tested with proven results. It’s the reason businesses we help start and grow have a 91.6% survivability-rate five years after inception of a new business venture. Ventures simply grow faster and stronger at The NIIC.
Our experience gives us insight and understanding into the needs of entrepreneurs at all levels. The knowledge we’ve gained helps strengthen the ways we serve you, constantly evolving to better your entrepreneurial experience at The NIIC.
The Lifeblood of business.
Having facilitated over $36.2 million in capital investment and more than $42 million in research grants, it’s safe to say that we have the knowledge, connections and financial expertise to steer you in the right direction to secure funding.
Our goal is to help navigate you through the challenges of capital that many small businesses face. The NIIC’s LEAP Fund facilitates, convenes and provides capital infusion to promising entrepreneurs and their ventures through gap financing, pre-seed and startup stage funding, asset-based financing and working capital loans.
GAP FINANCING. Usually tied to a specific investible business with other early stage angel investors, gap financing focuses on prototype development, feasibility students and business plan creation. Financing can be as much as $50,000.
ASSET-BASED FINANCING. Provides up to $25,000 to entrepreneurs to lease technology and equipment needed to enhance, test and improve business operations. Ventures need to have cash flow to support debt-repayment. If applicant is not in good standing, the applicant will be underwritten on The NIIC’s behalf by a local bank prior to a decision of approval or denial.
REVOLVING WORKING CAPITAL LINE OF CREDIT. Helps counter the cyclicality of the technology sales circuit. Financing can be as much as $15,000. Local micro-financing lenders, CFDI’s and CDC’s should be fully explored and investigated prior submitting an application to The NIIC LEAP Fund. If applicant is not in good standing, the applicant will be underwritten on The NIIC’s behalf by a local bank prior to a decision of approval or denial.
Our financial expertise and connections are wide-ranging and applicable to promising ventures. Businesses at The NIIC find initial seed capital from multiple sources, including our own LEAP Fund.
Investments are made by the Investment Committee of The NIIC’s board of directors. The LEAP Fund has approximately $500,000 of investable funds. Its investment recommendations follow a prescribed assessment, evaluation and due diligence protocol. Only companies invited by The NIIC President and CEO may formally apply for gap financing. Entrepreneurs and business owners may apply on a rolling basis to the other two LEAP programs but require a current legal entity, must be domiciled in Northeast Indiana and have been denied by a bank or a local micro-lender or CDFI. Available funds are limited and highly competitive.
The NIIC has also developed partnerships with additional sources of capital, appropriate at various phases of the entrepreneurial path and for ventures of various types. They include Elevate Ventures and VisionTech Partners, among others.
SURROUND YOURSELF WITH PEOPLE OF SUBSTANCE.
It may seem obvious, but the people you surround yourself with have a monumental role in your venture’s survival and success. Your team should be reliable, well-balanced and equally committed to your company’s mission and vision.
As your business grows and evolves, so will your needs for skilled talent. We’ll work with you to develop a plan for evaluating and acquiring the best talent at every stage of your venture.
- Evaluation of entrepreneurial strengths and weaknesses
- Personal development though one-on-one business building and side-by-side coaching
- Networking and connection opportunities with other innovators at The NIIC and in the entrepreneurial community
- Access to staffing and recruiting agencies
- Team development and training
- Talent recruitment from local high schools and universities
WORK @ A PLACE OF SUBSTANCE.
The success of an entrepreneur is attributable to a number of factors. One that’s often overlooked is the environment in which you choose to start and grow.
Entrepreneurs are at their best when surrounded by their peers in supportive atmospheres of learning and innovation. It’s vital that the appropriate technologies and amenities, specific to their needs, are accounted for and readily on hand.
The NIIC provides all of this. Our facilities on the Northeast Indiana Innovation Park Campus in Fort Wayne offers both wet and dry labs, professional fully-furnished office suites and private offices, private and semi-private conferences and more.
Our facility is designed to accommodate the dynamic and fast-changing needs of the entrepreneurial lifestyle. Our entrepreneurs think of The NIIC as a place where life, work and learning converge and thrive. The NIIC is the hub of innovation and entrepreneurship in our region. Come be inspired. Take yourself and your business to the next level.
If you’d like to further explore the ins and outs of The NIIC facilities, you can do so here.
CONNECTING PEOPLE @ A PLACE OF SUBSTANCE.
Regardless of how successful you’ve been, or what stage you are in your venture–your entrepreneurial network of professionals, peers and colleagues is enormously valuable.
With connections on local, national and international levels, working at The NIIC will expand your network connections to get you in contact with the right people at the right time.
Our professional relationships span diverse industries, organizations and professions worldwide, giving us–and you–particularly valuable access to a circle of influence and a team of trusted advisors.
- Specialized service providers (e.g., lawyers, bankers, insurance agents and accountants)
- Capital connections
- Subject matter experts
- Engineering and manufacturing resources to 3D modeling, prototyping, and production
- Business mentors
To learn more about our comprehensive resources, contact us.