Elevate Ventures, a key player in Indiana’s startup scene, is under intense pressure after falling short on a $17.2 million repayment to the Indiana Economic Development Corp (IEDC). With over $4.3 million still unpaid, the IEDC has frozen Elevate’s accounts and demanded a full financial plan within 30 days. This shakeup could impact local startups relying on Elevate’s support. The situation also comes as both organizations face a forensic investigation into possible financial misconduct. How do you think this will affect Indiana’s innovation ecosystem? #Business #MakeMoney #Indiana