Elevate Ventures 2020 Annual Report

Page 15

OUR PORTFOLIO COMPANIES ARE CREATING HIGH-WAGE JOBS AND EMPOWERING MORE TALENT TO THRIVE IN INDIANA. TO DATE:

2,324

The average yearly salary for those jobs is

$74.9K

employees are employed by our portfolio companies

ElevateNexus Hosted 130 company pitches across seven competitions

Hosted 170 unique participants in the Elevate Origins Program, with 51 of them applying to pitch at an Elevate Nexus Pitch Competition

86

Indiana counties have been impacted by Elevate

3,072 companies have been impacted by Elevate’s investment and advisory services

THE ELEVATE NEXUS PROGRAM WAS LAUNCHED IN 2019. DURING 2020, THE PROGRAM ACCOMPLISHED THE FOLLOWING:

Funded $164K in grants to Entrepreneurial Support Organizations and higher-education institutions that played key roles in supporting the Elevate Nexus pitch competition awardees

Awarded $200K to four universities across the state: Butler University, Ivy Tech Community College Bloomington, Taylor University and University of Indianapolis

Invested $2.3M through 50 awards

Elevate’s Investment Leverage Ratio* =

7.3:1

* Leverage ratio = Total outside capital invested divided by Elevate's investment.

13

Total number of Funds Elevate manages:

1,917

investors have invested alongside Elevate

RESIL IEN C E | C H ARAC TER | PERS E VE R A N C E

15


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