Flywheel Fund, in collaboration with SPARK Jackson County, recently announced the establishment of a new venture fund aimed at fostering entrepreneurship and innovation within Jackson County.
This initiative marks a significant milestone in the efforts to bolster economic growth and create opportunities for local startups, according to a news release from the Jackson County Chamber.
The fund has successfully raised $280,000 from 11 local investors, demonstrating strong community support and commitment to the region’s economic development.
SPARK Jackson County, a Jackson County Chamber initiative, is dedicated to providing support to local entrepreneurs, innovators and remote workers, serving as an onramp to the broader ecosystem and helping transform ideas into thriving businesses. It will provide this support through three key pillars: programming, co-working and funding.
Access to funding is critical for entrepreneurs to take their ideas to the next level. The Flywheel Fund of Jackson County is helping fill this essential need, ensuring that local startups have the resources they need to succeed.
Supported by both Flywheel Fund’s expertise in venture capital and SPARK Jackson County’s commitment to regional entrepreneurial development, will provide critical financial resources and strategic guidance to aspiring entrepreneurs and early-stage companies in the area.
Access to funding is critical for entrepreneurs to take their ideas to the next level. The Flywheel Fund of Jackson County is helping fill this essential need, ensuring that local startups have the resources they need to succeed. Supported by both Flywheel Fund’s expertise in venture capital and SPARK Jackson County’s commitment to regional entrepreneurial development, Flywheel Fund of Jackson County will provide critical financial resources and strategic guidance to aspiring entrepreneurs and early-stage companies in the area.
“We are excited to partner with SPARK Jackson County to launch this venture fund, which will serve as a catalyst for innovation and entrepreneurship in our community,” said Eric Steele, managing partner of Flywheel Fund. “By combining our investment experience with SPARK’s deep local insights, we aim to empower visionary entrepreneurs and drive sustainable economic growth.”
The fund will focus on supporting startups across various sectors including technology, hard tech and more. It aims to provide not only capital but also mentorship, networking opportunities and access to resources that are essential for scaling businesses in today’s competitive market.
“We believe that investing in local talent and innovation is crucial for the long-term prosperity of Jackson County,” said Dan Robison, executive director of the Jackson County Chamber. “This partnership with Flywheel Fund underscores our commitment to building a vibrant entrepreneurial ecosystem that attracts and retains talent while driving economic diversification.”
Entrepreneurs, startups and potential investors interested in learning more about the venture fund and its investment criteria are encouraged to visit sparkjacksoncounty.com/funding for information.
Flywheel Fund is a venture capital firm dedicated to investing in early-stage startups and entrepreneurs with innovative ideas and high growth potential. With a focus on supporting regional economic development, Flywheel Fund partners with local organizations to drive impactful change and foster a culture of entrepreneurship.
SPARK Jackson County is a supportive ecosystem and launchpad designed to ignite the entrepreneurial spirit and foster innovation in our community. By cultivating a thriving cycle where entrepreneurs, innovators, and local businesses contribute to and benefit from a collaborative community, SPARK Jackson County is the ignition for launching new businesses, enhancing the quality of life for all, and positioning Jackson County as the top destination in rural Indiana for launching a business.