Discover Indiana's best accelerators for your start-up

Choose an accelerator/incubator that provides your start-up with the right guidance to scale with confidence.

Want a curated list of free resources shared at the world’s best accelerators?

Choosing The Right Accelerator

Start-ups are hard. Choose an accelerator that guides you in the right direction.

Patrick Collison, Founder of Stripe

"I doubt that Stripe would have worked without YC. It's that simple."

Patrick Collison, Founder, Stripe

Chris Lynch, Founder of Atlas Venture

"Accelerators claim they are in it for the long haul — I call bullshit"

Chris Lynch, Founder, Atlas Venture

Raj Aggarwal, Founder of Localytics

"The network we built with Techstars was incredibly valuable during and after the program."

Raj Aggarwal, Founder, Localytics

What truly matters

Do the alumni rate them truly well?

Figuring what’s in it for you

Mentor quality over quantity

Accelerator’s brand power

Discover your perfect match

No accelerator or incubator is perfect for every start-up. Your business’s context and constraints matter. Identify your perfect match by answering this short questionnaire.

Indiana's Top Accelerators By Neighborhoods

Comparing Accelerators

NameAerial ScoreStandard DealAddress#Investments#ExitsDetails
Techstars Sports Accelerator by Indy9.9$120K for 6% equityIndianapolis, IN, USA6,002475Learn more
B-Start4.8Indiana, USALearn more
Purdue Ag-celerator4.5$2M615 Mitch Daniels Blvd, West Lafayette, IN 47907, USA3Learn more
Indiana University - Johnson Center for Entrepreneurship4.5107 S Indiana Ave, Bloomington, IN 47405, USALearn more
Rose-Hulman Ventures4.5100 S Campus Dr, Terre Haute, IN 47802, USA11Learn more
Gravity Ventures4.5Indianapolis, IN, USA1Learn more
High Alpha Innovation4.4830 Massachusetts Ave Suite 1500, Floor 4, Indianapolis, IN 46204, USALearn more
Innovatemap Ventures4.41002 Broad Ripple Ave #201, Indianapolis, IN 46220, USA8Learn more
Northeast Indiana Innovation Center3.93201 Stellhorn Rd, Fort Wayne, IN 46815, USALearn more
ScaleWerks3.29247 N Meridian St, Indianapolis, IN 46260, USALearn more
Startup South Bend-Elkhart3.1635 S Lafayette Blvd #123L, South Bend, IN 46601, USALearn more
Velocities2.2642 S Madison St, Bloomington, IN 47403, USALearn more
Startup Summer2.1Showers Kilns, 642 N Madison St, Bloomington, IN 47404, USALearn more
Purdue University - Purdue Foundry2.1$25K101 Foundry Dr, West Lafayette, IN 47906, USALearn more
StoneGate Arts & Education Center2.1931 15th St, Bedford, IN 47421, USALearn more

This page covers the top accelerators and incubators in Indiana.

However if geography isn’t a hard constraint, and you are only looking for the best incubators and accelerators across the US, check here.

Brief Overview Of Different Accelerators

1) Techstars Sports Accelerator by Indy

Techstars Sports Accelerator by Indy - supporting Indiana's best founders

The Techstars Sports Accelerator Powered by Indy is a program based in Indianapolis, Indiana. It is designed for sports tech companies focusing on the future of sport, encompassing new technologies to innovative business models. The accelerator aims to support visionary founders in executing missions within the sports industry. The 13-week mentorship-driven program caters to a cohort of innovative sports technology-focused startups. Startups get the opportunity to pitch their progress during a Demo Day to connect with potential investors. Founding partners of the accelerator include companies like Next Level Fund, Indiana Sports Corp, NCAA, and Pacers Sports & Entertainment. Supporting partners consist of Indianapolis Colts, Verizon IndyCar Series, and Indianapolis Motor Speedway. Key mentors in the program include notable individuals like Scott Dorsey, Nigel Eccles, Will Ahmed, and Marshall Newhouse. Startup founders can enjoy a standard deal of $120K for 6% equity, along with networking opportunities and exposure to investors. The accelerator specializes in domains like Wearables, OTT streaming, NIL, AI, Ticketing, FemTech, and Sports Media.

Techstars Sports Accelerator by Indy's Website
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2) B-Start

B-Start - supporting Indiana's best founders

B-Start is a pre-accelerator program launched by the Bloomington Economic Development Corporation in Bloomington, Indiana. The program targets high-growth startups and fosters innovation-driven ventures. It promotes diversity by welcoming applications from women, minorities, veterans, and other underrepresented groups. Over a period of 5 months, B-Start provides intensive support to early-stage startups, offering mentorship, group activities, and connecting each startup with a successful local entrepreneur, investor, or business professional. While specific data on the number of startups associated, investors, and funded start-ups isn't available, the program is focused on high-growth ventures. B-Start's specialization domains are not explicitly defined, but it caters to a variety of industries, including General Tech. Notable founders or start-ups that have benefited from the program are not mentioned in the sources.

B-Start's Website
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3) Purdue Ag-celerator

Purdue Ag-celerator - a prominent start-up growth supporter in Indiana

Purdue Ag-celerator, part of the Purdue Moves initiative at Purdue University, is a $2 million plant sciences innovation fund supporting Purdue innovators in commercializing patented intellectual property or 'know-how' technologies in plant sciences. The program focuses on areas like crop optimization, hybrid and seed development, and precision agriculture. The program has provided support to several agricultural start-ups. Purdue University, known for its top graduate program in analytical chemistry in the United States, is a world-renowned public research university driving discoveries in science, technology, engineering, and math. The Ag-celerator caters to industries such as Agriculture Tech, offering critical startup support to drive innovation in the field.

Purdue Ag-celerator's Website
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4) Indiana University - Johnson Center for Entrepreneurship

Indiana University - Johnson Center for Entrepreneurship - Indiana's true entrepreneurial hub

The Indiana University - Johnson Center for Entrepreneurship & Innovation (JCEI) is a hub for fostering entrepreneurial talent and innovation at the institution. Established in 1998 by the Kelley School of Business, it was made possible by a generous gift from Richard 'Dick' and Ruth Johnson, emphasizing entrepreneurship education. Dr. Donald F. Kuratko (Dr. K), the Executive & Academic Director, holds the Jack M. Gill Distinguished Chair of Entrepreneurship. The center offers a comprehensive entrepreneurship curriculum from undergraduate to doctoral levels, recognized with the Model Entrepreneurship Program Award in 2023 by the United States Association for Small Business and Entrepreneurship. IU Innovates, launched in fall 2023, supports entrepreneurship and innovation campus-wide. Specializing in various entrepreneurial domains like technology and social impact, JCEI provides networking, mentorship, and resources, ensuring students benefit from engaging experts, workshops, and collaborations. This ecosystem equips students with the entrepreneurial mindset and skills vital in today's business landscape.

Indiana University - Johnson Center for Entrepreneurship's Website
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5) Rose-Hulman Ventures

Rose-Hulman Ventures - promoting the start-ups of tomorrow

Rose-Hulman Ventures is an accelerator that goes beyond traditional engineering consulting by specializing in rapid prototyping, product design, and development, aiming to turn great ideas into reality. The company operates in the 'innovation space' and covers various domains such as CAD, 3D printing, software, and mobile app development. They have supported start-ups in unmanned aircraft systems solutions, remote medication monitoring, and gourmet chocolate production. Rose-Hulman Ventures collaborates closely with business partners throughout the process, offering a 35,000-square-foot facility equipped with 3D printers, CAD machines, and software development labs. Over 1,300 Rose-Hulman students have gained work experience at Ventures. While specific metrics like the exact number of start-ups associated or investors are not explicitly provided, they have worked with companies like Pierce Aerospace, eRAMx, and SoChatti. The accelerator is known for combining creativity, technical expertise, and collaboration to bring innovative ideas to fruition, with a significant impact on start-ups and the broader innovation ecosystem. They are particularly active in industries like mobile apps.

Rose-Hulman Ventures's Website
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6) Gravity Ventures

Gravity Ventures - Indiana's true entrepreneurial hub

Gravity Ventures is an advanced technology incubator founded in 2016 and headquartered in Cyprus. The accelerator investment firm, led by Dr. Panayiotis Philimis, focuses on investing in the technology sector. The organization has notably invested in Bialoom, a company in the diagnostic equipment industry that started generating revenue from the investment made on January 1, 2019. Recent funding activities include Your Money Line raising $2,825,000 in seed funding in August 2022 and Magic Square securing $3,000,000 in seed funding in July 2022. Gravity Ventures specializes in industries such as Healthcare Tech and General Tech, offering programs like Venture Capital Investor with a focus on seed and early-stage VC funding. The firm empowers founders to make a significant impact, contributing to the growth of the entrepreneurial community. While specific specialization domains are not explicitly mentioned, the company provides a platform for a broad range of tech-related startups to thrive.

Gravity Ventures's Website
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7) High Alpha Innovation

High Alpha Innovation - enabling start-ups to fundraise successfully

High Alpha Innovation is a venture builder founded in 2020. The company collaborates with large-scale organizations, research universities, and entrepreneurs to create and scale advantaged startups in the domains of enterprise software and digital transformation. The accelerator partners with corporations and universities to drive innovation beyond theater, creating sustainable venture-building operations and fostering university-born ideas. High Alpha Innovation offers critical infrastructure, team support, co-creation opportunities, and learning experiences to its portfolio companies. Led by founder Elliott Parker, the accelerator empowers corporate leaders to take practical steps in building successful ventures. With a focus on 'General Tech' and 'SaaS (Software as a Service)' industries, High Alpha Innovation plays a crucial role in bridging the gap between various stakeholders, making significant contributions to the startup ecosystem.

High Alpha Innovation's Website
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8) Innovatemap Ventures

Innovatemap Ventures - a prominent start-up growth supporter in Indiana

Innovatemap Ventures is a forward-thinking accelerator program dedicated to supporting daring founders by providing capital and product expertise to materialize their ideas. With a clear focus on nurturing startups across various domains such as Edtech, Travel and Tourism, Delivery Services, and Cybersecurity, the accelerator has already invested in a diverse portfolio of 15 companies. Some of the notable startups that have benefited from the program include Authenticx, Boost, Canvas, Costello, and Pawlytics. The founders that participate in this program are characterized by being passionate leaders, industry experts, innovative thinkers, product-minded, and design-oriented. Furthermore, the organization offers additional perks such as partnerships with lead investors and strategic resources, aiming to bolster the growth and success of the startups. Recently, Innovatemap Ventures established a significant corporate partnership with Ivy Ventures, enhancing its support for early-stage companies and driving innovation in the startup ecosystem.

Innovatemap Ventures's Website
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9) Northeast Indiana Innovation Center

Northeast Indiana Innovation Center - a prominent start-up growth supporter in Indiana

Located in Fort Wayne, Indiana, Northeast Indiana Innovation Center is a technology business incubator and venture accelerator that has been supporting entrepreneurs in Northeast Indiana for nearly 20 years. It has facilitated the launch of 444 products and counting, as well as $86.8 million in research grants and capital investment. The center focuses on technology, innovation, and entrepreneurship in sectors like information technology and healthcare, offering a beautiful campus for over 40 entrepreneurial ventures. Additional benefits at the center include programs, coaching, office space, and conference facilities. One of the founders of the organization is Larry Rowland. Notable founders who have benefited from the center include Jennifer Hunter from Gensyn Design and Vanessa Hayden from Partly Whimsical, LLC. They credit Northeast Indiana Innovation Center for its support in turning dreams into reality. The center also encourages giving back through various contributions.

Northeast Indiana Innovation Center's Website
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10) ScaleWerks

ScaleWerks - supporting founders in their growth journey

At the forefront of change, ScaleWerks brings together a team of seasoned executives to lead mid-life companies towards sustainable scaling through the SmartScale Accelerator. This 8-week program focuses on laying the groundwork for growth, boasting a remarkable 90% implementation success rate. The accelerator targets mid-life companies seeking to scale by leveraging internal databases, financial modeling, employee input, and customer analysis. ScaleWerks doesn't limit itself to specific industry domains, aiming to provide insights applicable across various sectors. The accelerator emphasizes community building, holistic development, and data-driven insights to nurture businesses. Key figures like the program's founder and notable start-ups that have benefited from ScaleWerks are not mentioned, but the program's commitment to guiding companies to become pillars of strength in the business landscape is evident. ScaleWerks stands out in the industry with a focus on community-centric and data-driven growth strategies.

ScaleWerks's Website
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11) Startup South Bend-Elkhart

Startup South Bend-Elkhart - supporting founders in their growth journey

Startup South Bend-Elkhart, an initiative of the South Bend-Elkhart Regional Partnership, ignites new business creation and prosperity by leveraging the united assets of the region. The accelerator's mission is to stimulate the entrepreneurial spirit, support existing high-potential businesses, and nurture new startups. Programs include the Elevate Origins Pre-Accelerator Program, held three times a year for pre-seed and seed stage startups, offering virtual group learning, coaching, live pitch practice, and up to $2,000 Proof of Concept grants. The HustleSBE Cohort program specifically aids BIPOC and Women business owners in strengthening their businesses. Participants benefit from virtual group learning, one-on-one coaching, live pitch practice, Proof of Concept grants, and mentorship opportunities. Although industries like Social Media and General Tech are involved, the accelerator seems open to startups across various sectors. Startup South Bend-Elkhart fosters entrepreneurship, offers resources to early-stage entrepreneurs, and enhances the business ecosystem in the South Bend-Elkhart region.

Startup South Bend-Elkhart's Website
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12) Velocities

Velocities - building Indiana's entrepreneurial future

Velocities is an accelerator program that supports start-ups by providing resources, mentorship, and funding. They collaborate with a network of investors who offer financial support and guidance to the start-ups. Velocities also assists start-ups by providing funding opportunities. The program duration and the specific count of funded start-ups are not explicitly stated on their website. Velocities focuses on various industries, including Edtech, Fashion and Apparel, Artificial Intelligence, Clean Energy, Biotech, and others. Interested parties can reach out to Velocities for more details on their specialization domains. Like most accelerators, they likely offer additional benefits such as co-working spaces, access to industry experts, workshops, and networking events. Notable founders or start-ups associated with Velocities are not mentioned in the provided information.

Velocities's Website
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13) Startup Summer

Startup Summer - building Indiana's entrepreneurial future

Startup Summer, also known as the Startup UCLA Summer Accelerator, runs a ten-week incubator program supporting early-stage companies by offering workspace, guidance, legal services, and mentorship. With a track record of accepting around 105 teams and attracting over 13,000 event attendees, the accelerator has facilitated acquisitions for 4 startups and helped raise over $100 million in funding. These startups have collectively generated more than $30 million in revenue. While the specific industry domains are not explicitly defined, the program likely caters to a wide range of industries, focusing on collegiate founders. Participants benefit from connections to industry professionals and experts while working on advancing their startups. Notable contributions include offering a workspace, legal support, and a platform to engage with top entrepreneurs and investors, creating a conducive environment for growth in the General Tech sector.

Startup Summer's Website
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14) Purdue University - Purdue Foundry

Purdue University - Purdue Foundry - Indiana's true entrepreneurial hub

The Purdue Foundry accelerator, managed by the Purdue Research Foundation, is an entrepreneurship and commercialization hub dedicated to helping Purdue innovators bring their ideas to market efficiently. The Boost accelerator program, a recent addition to Purdue Foundry, aims to prepare early-stage startups for investments. In the program's first cohort, eight Indiana startups, including American Evidence Management, Araqev, Dencoda, EverTrue, Helthi, HemaChrome, Pluto Aerospace, and ReproHealth Technologies, received mentoring, a $5,000 grant, and potential investments. The institution specializes in supporting startups in domains like digital evidence management, additive manufacturing, health technology, and space technology. Startups in the Boost accelerator benefit from a range of support including mentorship, funding, and investment opportunities to foster growth. It plays a crucial role in enhancing the startup ecosystem at Purdue University, with a focus on industries such as Healthcare Tech and Space Tech.

Purdue University - Purdue Foundry's Website
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15) StoneGate Arts & Education Center

StoneGate Arts & Education Center - a prominent start-up growth supporter in Indiana

StoneGate Arts & Education Center, a 501(c)(3) organization governed by a board of directors and overseen by an executive director and custodian, serves as a community learning and gathering space in Bedford. The center receives funding from various sources such as the City of Bedford, the Indiana Department of Education's 21st Century Community Learning Centers (CCLC) Program, Lawrence County Economic Growth Council (LCEGC), United Way of South Central Indiana, and UAW - Local 440. Within the center, the accelerator program supports early-stage start-ups, with a focus on the hospitality industry. The program hosts a yearly cohort, including 70 graduates from StoneGate Group's pub and bar concepts in 2023. Start-ups associated with the program benefit from mentorship, networking opportunities, workshops, and potential funding. The accelerator likely runs for a few months and specializes in hospitality ventures, offering perks such as access to industry experts, co-working spaces, and exposure to the local community. Key individuals involved include the executive director and the accelerator program mentors. Industries of interest for the center include Travel and Tourism.

StoneGate Arts & Education Center's Website
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Top Reasons Start-ups Participate In Accelerators

Developing business sense

Which metrics will make or break your start-up?- You can have 100k users and still fail.

Network expansion

Your net-worth is greatly determined by your network.

Accelerator brand power

Like Ivy-League credentials, your start-up’s story benefits from an accelerators’ brand.

Rapid learning curve

There’s a reason accelerators are called accelerators. It’s a fast ride.

Why an accelerator might not be right for you

It's usually helpful to consider potential pitfalls. Some common misconceptions

It isn't about the exits

Accelerators and investors care much more about getting a return rather than building a business. However that's not a luxury founders can afford.

Only you feel the punch

Everybody has a plan till they get punched in the face. Strategy & accelerators can only guide you to a point. No one else will feel the struggle as you would.

One-size fits all model

Most accelerators don't focus on a specific niche, which may not be very helpful if you are looking for domain expertise.

FAQs About Start-up Accelerators

Author Bio

Michael Li

Michael Li

For the last 10+ years Michael has helped start-ups of all scales and sizes succeed. A 2X entrepreneur, he is now working on Aerial to help founders avoid costly mistakes. He regularly writes for publications like the Wall Street Journal, TechCrunch, VentureBeat, Harvard Business Review and others.

Last updated date 4/5/2024

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Accelerators and Incubators in indiana

Looking for the best accelerators in Indiana? Here are some top reasons to choose an accelerator in the Hoosier State: access to funding, mentorship from industry experts, networking opportunities, and the chance to work in a collaborative and innovative environment. The start-up culture in Indiana is thriving, with a supportive ecosystem that fosters growth and innovation. Entrepreneurs in the state benefit from resources such as co-working spaces, incubators, and accelerators that provide the necessary support to help businesses succeed. When choosing the right accelerator, consider factors such as the industry focus of the accelerator, the track record of success, the network of mentors and investors, and the overall fit with your business goals. Take the time to research and visit different accelerators to find the best match for your start-up. Some notable start-ups from Indiana that have successfully gone through accelerator programs include Scale Computing, Lessonly, and Sigstr. These companies have grown and thrived with the support and guidance of accelerators, positioning themselves as leaders in their respective industries.

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