Indiana EDC Supports Entrepreneur Network

The Indiana Economic Development Corp. has created a new program aimed at attracting new resources and increasing access to capital for Indiana entrepreneurs, the Chicago Tribune reports. The agency will use its 21st Century Research and Technology Fund to create a statewide entrepreneurial network to engage private investors and regional partners in creating and supporting new companies.

Executive Director Mark Becker of the Northeast Indiana Fund says the program incorporates the best aspects of other national models developed in Cleveland, Pittsburgh and Oklahoma. The corporation says it hopes to attract an additional $30 million in matching federal and private funding to support Indiana entrepreneurial efforts.

The program called Invest Indiana was announced Thursday at a meeting of the corporation’s board of directors in the northern Indiana community of Winona Lake.