Purdue is also making available two new entrepreneurs-in-residence positions.
Purdue University has announced a three-year fund totalling $2m and called Elevate Purdue Foundry Fund. The fund will be managed by Purdue Foundry and Elevate Ventures.
On top of the fund, the university is also creating two new entrepreneurs-in-residence positions in association with Elevate Ventures and the Indiana Economic Development Corporation.
Funding awarded through Elevate Purdue will be based on two tiers, a black award and a gold award. The black award is a $20,000 convertible non-recourse note, while the…
