Elevate Purdue Foundry Fund, a vehicle managed by Purdue University and Elevate Ventures, provided more than $500,000 in total to 11 companies linked to the university on Tuesday.
Elevate Purdue Foundry Fund backs companies that fulfil either the criteria of its first-tier black award, which consists of a $20,000 convertible non-recourse note, or the second-tier gold award, which comes with $80,000 in debt or equity funding.
Since starting its three-year term in 2014, the fund has now committed to investing…
