Midwestern business district and economic hub

About NCIC Capital Fund

About NCIC Capital Fund

NCIC Capital Fund represents more than just financial investment - we are dedicated partners in building tomorrow's technology leaders. Since 1995, our firm has maintained an unwavering commitment to identifying, funding, and nurturing innovative technology companies throughout the Ohio and Indiana region.

Our Mission

Our mission is to provide early-stage capital and strategic guidance to emerging technology companies with significant growth potential. We believe that by combining financial resources with experienced mentorship, we can accelerate the development of groundbreaking technologies and create sustainable value for all stakeholders.

Investment Philosophy

At NCIC Capital Fund, we adhere to a disciplined investment philosophy grounded in three fundamental principles:

1. Partner with Exceptional Teams

We invest in people first, technology second. According to research from the Kauffman Foundation, experienced management teams significantly increase the likelihood of startup success. Our due diligence process thoroughly evaluates team composition, relevant experience, and the ability to execute on ambitious growth plans.

2. Focus on Defensible Innovation

Technology alone is not enough. We seek companies that have established meaningful barriers to entry through patents, proprietary processes, unique market positioning, or exclusive partnerships. This competitive moat is essential for long-term value creation and successful exits.

3. Maintain Regional Focus

By concentrating our investments in Ohio and Indiana, we can provide hands-on support and leverage our extensive regional network. This geographic focus allows us to conduct thorough due diligence, participate actively in board meetings, and respond quickly when portfolio companies need guidance or additional resources.

Our Approach to Value Creation

Beyond capital, NCIC Capital Fund provides strategic value through:

  • Board participation and governance guidance
  • Strategic planning and milestone setting
  • Recruitment assistance for key management positions
  • Introduction to potential customers, partners, and co-investors
  • Exit strategy development and execution support
  • Operational best practices from our portfolio experience

Industries We Serve

Our investment focus spans multiple technology sectors where we have developed deep expertise:

  • Software and SaaS platforms
  • Advanced manufacturing technologies
  • Medical devices and healthcare IT
  • Clean technology and environmental solutions
  • Communications and networking infrastructure
  • Materials science and nanotechnology

Co-Investment Partners

We actively collaborate with other institutional investors, angel groups, and strategic corporate partners. Co-investment relationships allow us to participate in larger funding rounds while bringing diverse perspectives to investment decisions. If you are an investor seeking deal flow in the Midwest technology sector, we welcome the opportunity to discuss partnership possibilities.

Geographic Focus: The Midwest Advantage

Ohio and Indiana offer compelling advantages for technology startups. The region provides access to world-class research universities, a skilled technical workforce, lower operating costs compared to coastal markets, and a business-friendly regulatory environment. As noted by the Midwestern Higher Education Compact, the region's universities produce exceptional engineering and computer science talent.

Our regional focus allows portfolio companies to stretch their capital further while accessing the resources necessary for rapid growth. When companies reach later stages requiring additional capital, our network of national investors can provide follow-on funding for expansion into broader markets.

Meet Our Team Application Process