Innovation Voucher Grant Application

INNOVATION VOUCHER APPLICATION

Innovation Vouchers are used to leverage Indiana’s research and higher education institutions, as well as approved non-profit research organizations to provide small businesses access to industry experts and research leaders. This grant will match your company’s funding for up to $50,000 and can be utilized for product development, simulations, studies, and more – all to help entrepreneurs in the State of Indiana develop innovative products and services.
These grants are evaluated three times a year. 2025’s application deadlines are January 19, May 17, and September 20.

Are you a small business looking to do business in Indiana? Fill out the form below to apply!

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Company Contact Information
Legal Company Name*
Name*

First NameLast Name
Job Title*
Email*
**Please ensure this email matches email on previous screen
Office Phone*
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Mobile Phone
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Qualifying Questions
Innovation Voucher targets eligible Indiana small businesses. Do you currently meet or are you willing to meet these requirements? *

General eligibility requirements:

1. is authorized to transact business in Indiana;

2. maintains a majority of its business operations within Indiana;

3. employs not more than one hundred fifty (150) persons.
Indiana Eligible?*

YesNo
Please name the Indiana higher-ed or nonprofit research institution you intend to partner with for this grant application. *
Enter Legal Company Name*
Please name your project lead (main service point of contact) at the Indiana higher-ed or nonprofit research institution you intend to partner with for the grant application. *

General eligibility requirements: "Indiana institution of higher education" means a public or private college or university that:

1. is located in Indiana;

2. provides research services;

3. is willing to waive all internal overhead charges related to the contemplated research, and

4. is approved by the IEDC.

"Other authorized research provider" means a non-profit research organization, other than an Indiana institution of higher education, that:

1. is located in Indiana;

2. provides research services; and

3. is approved by the IEDC.
Point of Contact*

Project Title*
Project Start Date*

MonthDayYear
Project End Date*

MonthDayYear
Describe the problem that an Innovation Voucher Grant would address for your company. *
Describe the scope of the business need that an innovation voucher grant would address. What would be the scope of your requested project and how would that assist your company’s growth?
How would an Innovation-Voucher-supported project address your business need?*
Please describe impact on business performance and related financial outcomes
Please describe the proposed project deliverables to include deliverable title, description, start and end date, and cost associated with that deliverable. *
Please describe the total project amount to be paid to your nonprofit research provider, including sources and uses of funds. Payments in cash only. Do not include any payments in-kind or in equity.*
Amount requested from the Innovation Voucher Program, in dollars.*

Please attach a detailed project budget.*

Accepted file types: xlsx, docx, pdf, xls, doc, Max. file size: 10 MB.
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Attach any additional supplemental materials below.

Accepted file types: xlsx, docx, pdf, xls, doc, Max. file size: 10 MB.
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Company Information
Address*

Street Address

Street Address Line 2

CityState

Zip Code
Please provide a brief summary of your company, product, or idea.*

0/255
Company Website*
Company Structure (Select One)*
Company Structure - Other
Industry (Select One)*
Industry - Other
Date of Incorporation*

MonthDayYear
Number of Current Employees*
Number of Indiana Employees*
List any other Indiana higher-education institutions or other organizations assisting your business.
How much private capital have you raised?*
Is a principal of the company a U.S. military veteran, woman or minority? *

“Principal” is defined as founder or c-suite member with at least a 5% equity interest in the company.
Principal?*

YesNo
Is the company veteran owned, controlled or led? *

The company has at least 51% veteran in its founding/management team or its current governance board or shareholder base, or the company is led by a veteran CEO. Veteran is a person who served on active duty with the U.S. Army, Air Force, Navy, Marine Corps or Coast Guard, for any length of time and at anyplace and who was discharged or released under conditions other than dishonorable. Reservists or members of the National Guard called to Federal active duty or disabled from a disease or injury incurred or aggravated in line of duty while in training status also qualify as a veteran.
Veteran Owned?*

YesNo
Is the company women owned, controlled, or led? *

The company has at least 51% women in its founding/management team or its current governance board or shareholder base, or the company is led by a woman CEO
Woman Owned?*

YesNo
Is the company minority owned, controlled, or led? *

The company has at least 51% minority in its founding/management team or its current governance board or shareholder base, or the company is led by a minority group member CEO. “Minority” is defined based on race, ethnicity, asexual orientation, including African Americans, American Indians and Alaska Natives, Asians and Pacific Islanders, Hispanics, and LGBTQ individuals.
Minority Owned?*

YesNo
How did you hear about us? (Select One)*
How did you hear about us? - Other
Please specify the referring organization and/or person.
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INNOVATION VOUCHER APPLICATION

Company Contact Information

Qualifying Questions

Company Information

Is a principal of the company a U.S. military veteran, woman or minority? *

Is the company veteran owned, controlled or led? *

Is the company women owned, controlled, or led? *

Is the company minority owned, controlled, or led? *