Elevate Ventures has awarded nearly $100,000 in High Potential Startup Grants to five companies, including SIMBA Chain. The pre-seed program aims to help entrepreneurs overcome early-stage hurdles.

Each company can receive up to $25,000 as part of the program. The grants are being awarded through a partnership with Startup South Bend-Elkhart.

Elevate Ventures says the companies plan to achieve various goals with the funding. SIMBA Chain will further market engagements and develop new platform features.

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