NCIC Capital Fund's success stems not only from our investment discipline but also from our extensive network of strategic partners, co-investors, and ecosystem collaborators. These relationships enhance our ability to source quality deal flow, conduct thorough due diligence, and support portfolio companies through all stages of growth.
We actively collaborate with other institutional investors to participate in larger funding rounds and bring diverse expertise to investment decisions. Our co-investment partners include:
Regional angel groups provide early-stage capital and often syndicate deals with NCIC Capital Fund. According to the Angel Capital Association, angel-VC co-investment improves outcomes for entrepreneurs by combining mentorship with institutional capital.
We partner with other VC firms for co-investment opportunities, sharing due diligence responsibilities and bringing complementary expertise to portfolio companies.
Strategic corporate investors provide not only capital but also market access, distribution channels, and industry expertise.
Ohio and Indiana are home to world-class research universities that generate significant technology innovation. We maintain relationships with:
We work closely with regional economic development entities to support technology ecosystem growth:
These partnerships provide portfolio companies with access to incentives, workspace, and business development resources.
Treasury's state capital program summaries describe separate routes for State Small Business Credit Initiative (SSBCI) funding. Indiana's February 2026 summary allocates $75.4 million to the Indiana Angel Network Fund, administered by the Indiana Economic Development Corporation with Elevate Ventures. It targets seed-to-early-stage companies seeking $500,000 to $5,000,000 in equity financing, investing alongside private investors. Ohio's April 2025 summary allocates $100.2 million to the Ohio Venture Fund and $11.5 million to the Ohio Early-Stage Focus Fund. The Ohio Venture Fund supports companies through private venture funds, with state capital structured as loans to those funds.
For national context, Treasury's November 2024 report covers August 2022 to December 2023. It reports $211 million in SSBCI venture funding matched by private investment, resulting in $1.2 billion in financing for over 600 companies. These are results for that reporting period; state allocations describe program resources rather than an award available to any particular founder.
NCIC Capital Fund has curated relationships with best-in-class service providers who understand the unique needs of venture-backed companies:
Recognizing the demanding nature of startup leadership, we have also developed relationships with service providers focused on founder wellness and sustainable performance. These include executive coaches with experience supporting entrepreneurs through high-growth phases, health and wellness consultants who understand the unique pressures of venture-backed companies, and performance optimization advisors who help founding teams maintain peak effectiveness throughout the multi-year startup journey.
Active participation in industry organizations keeps us connected to trends, best practices, and emerging opportunities:
Our partner network provides tangible benefits to NCIC portfolio companies:
We welcome inquiries from organizations interested in partnering with NCIC Capital Fund:
If you are an angel investor, venture capital firm, or corporate strategic interested in Midwest technology deal flow, we regularly syndicate investments and seek co-investment partners.
Best-in-class service providers serving venture-backed companies are valuable additions to our network. We prefer firms with venture capital experience and startup-friendly pricing models.
Technology transfer offices and innovation programs can partner with NCIC to commercialize university research and support faculty entrepreneurs.
Economic development organizations can collaborate with NCIC to strengthen regional entrepreneurship ecosystems and attract technology investment.
Beyond individual partnerships, NCIC Capital Fund actively contributes to building vibrant entrepreneurship ecosystems in Ohio and Indiana. We participate in:
A strong regional ecosystem benefits all participants - entrepreneurs gain access to resources and talent, investors discover quality deal flow, and the regional economy captures the value created by technology innovation.