Key Takeaways
- • Indiana committed $10 million through its 21st Century Research & Technology Fund to Roll Tack Ventures, an Indiana-based venture capital firm focused on industrial and mid-market technology investments.
- • Roll Tack Ventures is raising a $50 million fund (Roll Tack 26) with this state commitment serving as anchor capital alongside private investors, targeting B2B technology companies in manufacturing, logistics, energy, healthcare, insurance, and critical infrastructure.
- • The investment strategy emphasizes regional economic development by connecting technology innovators with established Hoosier businesses across multiple sectors, positioning Indiana as a center for industrial innovation.
- • Governor Mike Braun and Indiana Secretary of Commerce David J. Adams framed the commitment as leveraging public capital alongside private market discipline to scale high-growth, high-wage technology companies.
Summary
Indiana's 21st Century Research & Technology Fund announced a $10 million commitment to Roll Tack Ventures on April 16, 2026, marking a strategic state-level investment in the venture capital ecosystem. The capital serves as anchor funding for Roll Tack 26, a $50 million fund that combines public capital with private investor participation to support early and growth-stage technology companies.
Roll Tack Ventures targets B2B technology companies addressing operational challenges across industrial and mid-market sectors including manufacturing, logistics, energy, healthcare, insurance, and critical infrastructure. The fund's investment thesis emphasizes companies with established customer traction and solutions with national and global relevance, reflecting a focus on capital-efficient, revenue-generating businesses rather than early-stage research ventures.
Governor Mike Braun emphasized the dual benefit of the commitment: strengthening Indiana's technology industry while facilitating knowledge transfer to existing Hoosier businesses. "By supporting Indiana-based funds like Roll Tack, we are strengthening our innovation ecosystem and connecting new knowledge, expertise and technology with Hoosier businesses," Braun stated. Indiana Secretary of Commerce David J. Adams characterized the approach as aligning public capital with private market discipline, suggesting the state seeks venture returns alongside economic development outcomes.
The investment reflects a broader regional strategy to position Indiana as a center for industrial innovation by supporting technology companies that can serve both Indiana's manufacturing base and national markets. By anchoring a $50 million fund, the state is leveraging its capital to attract private investors while maintaining market-oriented investment criteria rather than pursuing purely subsidy-driven outcomes.
Roll Tack Ventures targets B2B technology companies addressing operational challenges across industrial and mid-market sectors including manufacturing, logistics, energy, healthcare, insurance, and critical infrastructure. The fund's investment thesis emphasizes companies with established customer traction and solutions with national and global relevance, reflecting a focus on capital-efficient, revenue-generating businesses rather than early-stage research ventures.
Governor Mike Braun emphasized the dual benefit of the commitment: strengthening Indiana's technology industry while facilitating knowledge transfer to existing Hoosier businesses. "By supporting Indiana-based funds like Roll Tack, we are strengthening our innovation ecosystem and connecting new knowledge, expertise and technology with Hoosier businesses," Braun stated. Indiana Secretary of Commerce David J. Adams characterized the approach as aligning public capital with private market discipline, suggesting the state seeks venture returns alongside economic development outcomes.
The investment reflects a broader regional strategy to position Indiana as a center for industrial innovation by supporting technology companies that can serve both Indiana's manufacturing base and national markets. By anchoring a $50 million fund, the state is leveraging its capital to attract private investors while maintaining market-oriented investment criteria rather than pursuing purely subsidy-driven outcomes.
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