Purdue University-linked companies operating the in renewable energy, sustainable transport and oncology sectors are among those to have secured $20,000 in initial funding.
Eight US-based startups linked to Purdue University have each attracted $20,000 in funding from the fourth year of the $2m Elevate Purdue Foundry Fund partnership backed by the institution.
The fund is managed by VC firm Elevate Ventures alongside the Purdue Foundry startup accelerator, which operates from the Burton D. Morgan Center for Entrepreneurship at Purdue University’s Discovery Park research complex.
Elevate Ventures will finalise the $20,000 investments as convertible non-recourse notes, which act as a first-tier “black award”. A second…
