The Indiana 21st Century Research and Technology Fund was created to stimulate the process of diversifying the State's economy by developing and commercializing advanced technologies in Indiana. The Board, representing most of the academic and commercial sectors of the State, approves awards.
The Small Business Innovation Research (SBIR) — along with its sister program, the Small Business Technology Transfer program (STTR) — are highly competitive and encourage small businesses to explore their technological potential. SBIR/STTR funding is available from 11 participating agencies throughout the United States and focuses on various technological areas.
The Toolbox Guide to Development Funds is the most valuable and comprehensive listing of Indiana community and economic development funding programs available, and it is offered free on this site. This database is considered by Indiana practitioners to be the foremost reference guide for development finance.
The Venture Capital Investment Tax Credit was established to improve access to capital to fast growing Indiana companies by providing individual and corporate investors an additional incentive to invest in early stage firms. Investors who provide qualified debt or equity capital to Indiana companies receive a credit against their Indiana income tax liability.
Venture Capital Investment Tax Credit enabled us to leverage the credits … the program has also helped our companies obtain angel funding from the state at critical stages in their development….
-Kent Hawryluk, Twilight Venture Partners, LLC