Founded in 2005 and headquartered in Indianapolis, Indiana Economic Development Corporation (IEDC) is a well-known corporate investor in North America. The fund typically engages in less than 2 deals per year, with investments ranging from $1 to $5 million. It primarily invests in rounds with 2 participants, often partnering with Elevate Ventures. The fund's portfolio includes successful startups like Solstice Medical, with a focus on manufacturing and software industries. The IEDC plays a crucial role in the state's economy, offering various initiatives such as tax credits, workforce training grants, and resources for innovation and entrepreneurship.