The Elevate Ventures organization in its today’s shape and structure is the consequence of a pivot, responding to a demand with a solution. They origin from the 21st Century Research and Technology Fund, and was primarily a grant-making organization supporting Indiana university institutions. Professional advice services were needed, and the State of Indiana requested additional direct economic development measures to round out the picture. Elevate Ventures contributes in a variety of ways on the instrumental level. Elevate Ventures acquires startups that seek finance and become Elevate Ventures portfolio businesses. Such successful exits generate worthwhile profits for entrepreneurs and co-investors, and they frequently result in the formation of new firms as staff begin on their own endeavors.