About the Fund

InDecatur Ventures, LLC was founded in Decatur, Illinois, as a result of a shared interest between a group of local business people and the Millikin University Tabor School's Center for Entrepreneurship, to both stimulate business development in the Decatur, Illinois area and to provide additional hands on learning opportunities for Millikin students and faculty.

There are three specific objectives. First, is to invest in opportunities that have the aggregate potential to produce positive returns. Secondly, to stimulate business development activities within the Decatur area with entrepreneurs who have credible high growth business plans. Thirdly, to provide a viable hands-on learning experience for Millikin students and faculty to advance their understanding of venture funding and the importance that this funding plays in community business development.

The venture is planned as what would be termed as an 11-year fund, meaning that the objective is to dissolve at that time and to have the option of creating a successor or new fund. The LLC dissolution date of December 31, 2012 will allow for start-up activities to take place followed by a full ten years of investment operations.

The $4 million fund was created with an initial private investment commitment from the five founding business people and a $1,000,000 commitment from Main Street Trust, Inc.