Business accelerator planned for Northwest Indiana

A new business accelerator planned for northwestern Indiana plans to launch high-tech and entrepreneurial startup companies.

Entrepreneurs can now apply for classroom seats at the Northwest Indiana Tech Foundry in downtown Valparaiso. The program will give them $15,000 in seed money and mentor them for 90 days before sending them out into the real world. The program would start next summer and mentor 10 startups at a time.

Kelly Schwedland of Elevate Ventures, a statewide initiative that supports entrepreneurship, tells The Munster Times the program will be open to tech startups with ideas for services they could sell nationally or internationally.

via The Associated Press