TLDR:
- Tech entrepreneurs moving to Indianapolis at increasing rates, attracting venture capital funding.
- Urban Capital Network working with business leaders to invest in innovation economy.
Urban Capital Network Helps Business Leaders Become Tech Investors
Since the pandemic, tech entrepreneurs have been flocking to Indianapolis, leading to a rise in venture capital funding in the area. Heath Butler, a venture partner with Mercury Fund, notes that firms are looking to the middle of the country for emerging tech companies needing access to capital. The lower cost of living and the community’s ability to support marginalized groups are contributing factors to Indianapolis’ attractiveness to tech entrepreneurs. InnoPower has been instrumental in connecting minority-owned businesses with funding sources in the area.
Butler is collaborating with the Urban Capital Network to identify local business leaders and new investors interested in pooling resources for investments in the innovation economy. The focus is on high-tech and high-growth companies, with the goal of making minority communities more self-sustainable and invested in their own future. The Urban Capital Network provides a pathway for individuals to enter the venture capital field while giving back to the community.
