Our Investment Funds

In partnership with the Purdue Research Foundation and various other organizations, endowments, private investors, and state entities, the Purdue Foundry makes strategic investments in startups within our ecosystem, with a primary focus on startups with Purdue IP and Purdue lineage.

Having invested over $10 million since its formation, the Purdue Foundry manages five investment funds and plays a vital role in enabling Purdue startups to improve the world. In order to support the various technologies coming out of Purdue University, each fund we manage has a different investment thesis. We invite you to learn more about those funds by clicking the links below.

If you are interested in partnering or investing with Purdue Foundry, please contact us at foundry@prf.org.


Established in 2015, the Purdue Ag-Celerator is an investment fund that has recently expanded its thesis to include any startups looking to commercialize Purdue intellectual property or Purdue “know-how” technologies related to or impacting agriculture. Startups with life science technologies related to advancing crop traits, generating higher yields, advancing breeding technologies are considered and startups using big data to improve farm management, technologies finding new uses for plants and some food science startups are also eligible to apply.

The Ag-Celerator conducts two pitch competitions of up to $100,000 in dilutive investments each. Click here to earn more about eligibility requirements and application deadlines.

Elevate Purdue Foundry Fund

The Elevate Purdue Foundry Fund is jointly operated by the Purdue Foundry and Elevate Ventures to provide small investments to qualified Purdue Foundry startups for proof-of-concept activities.

This fund has been fully subscribed and is no longer investing.

Foundry Investment Fund

Purdue University has been ranked the No. 5 most innovative university in the United States by US News and World Report. Our strong portfolio of life sciences innovations is just one example of how we support innovation within our Purdue community. The Foundry Investment Fund is a side-car fund that supports life science innovation by matching up to 30% of institutional capital investments made in Purdue-affiliated startups. If you have a life sciences startup that is raising a round of capital, contact us at foundry@prf.org to learn how we might be able to help.

Purdue Startup Fund

The Purdue Startup Fund is a partnership between the Purdue Research Foundation and the University Development Office designed to maximize Purdue’s commitment to serving others through the commercialization of innovations through early-stage investments. If you are an early-stage, Purdue-affiliated startup, contact us to learn more about this opportunity.

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