Fund Details

Our seed funding for startups is designed for early-stage companies throughout the state of Ohio that have already passed the family and friends capital-raising stage but have not yet received investment from outside firms. We provide two awards based on where a business stands with its technology offering.

Funding Option A

  • Awards funding up to $50,000
  • Designed for proof-of-concept
  • Helps validate new technologies
  • For prototyping, trials, and more
  • Must be matched dollar-for-dollar

Funding Option B

  • Awards funding up to $150,000
  • For testing business model around tech
  • Assists in new customer acquisition
  • Helps with new hires and market testing
  • Must be matched dollar-for-dollar

How It Works

Innovation Fund has developed a 5-step process for helping technology startups apply for seed funding. Before applying, however, you must attend an information session hosted by our team that covers the process. Afterward, here’s what to expect:


Attend an Informational Session

The first step is to attend a free Innovation Fund 101 Information Session conducted by our team. This is required in order to qualify for funding.


Apply to the Fund and Learn

You’ll partner with our team to complete a financial workbook and craft your presentation and pitch. You’ll gain valuable insights along the way.


Accept Friendly Funding

If your business is chosen to receive an award, it must be matched dollar-for-dollar. However, you’ll find it’s designed to help you succeed.


Set and Reach Milestones

Funding is tied to achievable goals and benchmarks that you’ll set and work toward, and our team will guide you as you make progress.


Raise More and Give Back

Portfolio companies are expected to provide educational opportunities for our students as they move closer to success.

Upcoming Dates

Ready to apply for one of our seed funding awards? We’re excited to get to know you and support your success. First, you’ll need to attend one of our information sessions so we can explain how it all works.

Our next funding cycle starts 04/01/2023

Open Application


Financial Requirement Due


Application Deadline



Innovation Fund is a nonprofit that helps technology startups accelerate their growth through early-stage funding and education. We have helped hundreds of startups achieve their goals, and we can do the same for you.



Companies Funded


Jobs Created


Students Engaged


Total Amount Funded

Recent Award Winners

Strife AI

Strife AI is developing a software platform to allow video game developers to leverage the latest machine learning techniques.



Online resume platform.



Secure document management approach for unstructured data.



The Zcath will be the first bulbous-tipped intermittent urinary catheter (no side eyelets) on the market and offers patients a faster and more complete voiding and prevents UTIs and other debilitating.

What’s Next Ed Corp

Provides community college instructors with a library of digital learning materials & course authoring solutions that help save time, earn more & teach better.

Wellsense, Inc.

Wellsense, Inc.

Health monitoring system for people with diabetes.

Wellness Integrated

Wellness Integrated

A web/mobile based platform that improves patient compliance with diet.



An intelligence platform that enables organizations to identify information and gather intelligence from their digital endpoints on a global scale, in real time.


Innovation Fund is active in the Northeast Ohio region, helping technology startups pursue their dreams and get closer to commercialization. Along the way, we’re making a meaningful impact for students and the community. Learn more about what we’ve been up to below.

iRxReminder One Of Four Semifinalists In The 2021 Biologic Innovation Awards

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IF Portfolio Company BoxCast Buys Competitor After Big Gains During Pandemic

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JuggerBot 3D Launches Distribution Network With JBM Group

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Have questions about our funding awards? Want to discuss a partnership? Interested in mentoring our entrepreneurs? We’d enjoy hearing from you! Reach out to us here to connect with our team.

Innovation Fund America
151 Innovation Drive
Elyria, OH 44035

Phone: 440-366-4121