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About the IU Spirit of Venture Award


The IU Founders and Funders Network presents the Spirit of Venture Award. The award(s) celebrate the spirit of entrepreneurship and innovation across the entire Indiana University community.

The annual award(s) are given to Indiana University faculty, staff, alumni or student founders and funders who have:

  • Exhibited success in entrepreneurship and innovation. 
  • Provided mentorship and support to IU Ventures and IU affiliated founders and funders
  • Demonstrated noteworthy philanthropy and service to Indiana University 


Eligible candidates are Indiana University faculty, staff, alumni or students who hold a degree from any Indiana University program. Up to three eligible candidates can be nominated together as one “team” candidate. Student nominees must be in good standing with the University as determined by the Office of Registrar, the Office of the Dean of Undergraduate Students, and/or the Office of the Dean of the Graduate School.

Spirit of Venture Award Winners


Jackson Boyar

Co-Founder & CEO
Mentor Collective

More About Jackson

Jackson Boyar is Co-founder and CEO of Mentor Collective, which he founded in 2014 after an early career in management consulting. In 2018, Jackson received the Forbes 30 Under 30 Award in Education to recognize Mentor Collective’s impact on tens of thousands of college students. He is passionate about closing the equity gap in higher education and is a frequent speaker in affiliation with AAC&U, CCAS, Lumina Foundation, and ASU GSV. In his role as CEO, Jackson actively engages with Mentor Collective partners to help set a vision for student success in their communities. Jackson graduated Phi Beta Kappa and magna cum laude from Indiana University, Bloomington, with a B.A. in East Asian Languages and Culture.

Jackson has provided invaluable partnership service to IU Ventures in the form of:

· Active Participant in networking and professional development activities hosted by IU Ventures

· Vocal advocate both regionally and nationally for IU Ventures and our programs

· Advisor to other IU affiliated startups

Ting Gootee


More About Ting

Ting Gootee serves as the Chief Investment Officer with primary responsibilities in investment strategies, due diligence, and portfolio development. Previously, Ting was Deputy Director, 21 Fund & Entrepreneurship at the Indiana Economic Development Corporation where she provided operational and financial management. She also headed the Fund’s university outreach and talent recruitment efforts. A Chinese native, and a Hoosier since 2001, Ting received her bachelor’s of arts from Beijing University as a Jin Yuxi Scholar, master’s of arts from Purdue University as a Lynn Fellow and an MBA in Finance from Indiana University as a Forte Fellow. She also holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations in addition to Certificate in Investment Performance Measurement (CIPM).

Ting has provided invaluable partnership service to IU Ventures in the form of:

· Investing partner providing insight on due diligence and deal structuring

· Leads important syndication and networking opportunities among other Indiana based investors

· Mentor and advisor to IU affiliated startups

Cy Megnin

Cy Megnin

Velocities (Elevate Ventures)

More About Cy

Cy Megnin has been an entrepreneur, founder and advisor for the past two decades. Past companies include Intel Capital portfolio company PrepFlash, an AI company that uses NLP to automatically create flashcards from any content, and CloudCoreo, a configuration management company that garnered investment from Microsoft and ultimately sold to VMware. Cy was in the 2014 class of “Forty Under 40” for Professional Remodeler Magazine at the helm of the long-running real estate investment firm OCPS and was twice-featured on TLC’s hit TV show “Flip That House”.

He is currently back in his hometown of Bloomington, Ind. with his wife Andrea and son Jack working for Elevate Ventures as an Entrepreneur-in-Residence after spending the last 15 years in Austin, Seattle and the Bay area.

He has a degree in Economics from Indiana University and an MBA from Baylor University, where he is an executive judge for their annual MBA Ethics competition.

Cy has provided invaluable partnership service to IU Ventures in the form of:

· Mentor and advisor to IU affiliated startups

· Active participant in IU angel network due diligence and meetings

· Advocate for programming throughout the region


Gary Anderson

Senior Advisor
TL Ventures

More About Gary

Dr. Gary Anderson is a retired Managing General Partner and now Senior Advisor of TL Ventures (Wayne, PA) one of the venture capital industry’s most prestigious technology investment groups. TL Ventures manages over $1.5 billion of invested capital targeting multiple focused technology areas. As part of TL Ventures, Dr. Anderson has helped to guide more than 30 companies through successful initial public offerings (IPO’s), mergers or acquisitions. Prior to TL Ventures in 1989, Gary was Executive Vice President at Safeguard Scientifics, Inc., where he guided corporate technology strategy and managed several successful information technology portfolio companies for four years. He has served as chief executive officer of several software companies and was a consultant or advisor to Hewlett-Packard Corporation, Motorola and other Fortune 500 companies.

Prior to joining Safeguard Scientifics, Inc. in 1987, he was a cardiologist focused on mechanisms of sudden death. As a Professor of Internal Medicine and Professor of Physiology and Biophysics at Hahnemann University (now Drexel University) School of Medicine in Philadelphia, PA, he was head of cardiovascular research at the Likoff Cardiovascular Institute and Associate Dean of the medical school. During his academic career, he published 184 manuscripts and abstracts and was a contributor to nine textbooks. He served on the editorial boards of numerous scientific journals and was a member of many national and international committees including the National Institute of Health, the American Heart Association and the American College of Cardiology.

Dr. Anderson currently serves on several Boards of Directors and was founding chairman of Matchlogic (sold to Excite) and ChemGenics (merged with Millennium Pharmaceuticals). He plays an active role in numerous philanthropic and cultural organizations. In addition, he is chairman of the prestigious Benjamin Franklin Medals, America’s oldest awards for scientific achievement created 180 years ago and chairman of the Franklin Institute’s Bower Award for Business Leadership. At Indiana University Dr. Anderson serves on the faculty of the Johnson Center for Entrepreneurship and Innovation (JCEI) and is Chairman of the National Advisory Board of the Jacobs School of Music. In addition he is on the Advisory boards of the JCEI, the Kelley School of Business and the School of Medicine.

He attended Wayne State University for undergraduate work and received his medical degree from the University of Michigan and completed his post-doctoral work at Indiana University. As a major in the US Army, Dr. Anderson served in Vietnam and at Fort Bragg, NC. His hobbies include fly-fishing and classical music.

Pat East

Executive Director
The Mill

More About Pat

Pat East is Executive Director of The Mill, a coworking space and incubator in Bloomington, Indiana. Their mission is to launch and accelerate startups and their vision is to become Indiana’s center of gravity for entrepreneurship. With 300 members and 50 companies, they operate as a 501(c)(3) non-profit.

He manages Flywheel Fund, which focuses on technology companies in Indiana. They write 50k initial checks and 50-150k follow-on checks into pre-seed and seed startups.

He previously cofounded Hanapin Marketing, an Inc 5000 and Fortune Great Place to Work honoree, which he sold in 2020. Partners included: Adobe, Amazon, Facebook, Google, Microsoft, and Twitter. Clients included: American Eagle, Home Depot, La-Z-Boy, NPR, ParkMobile, REI, Salesforce, Target, UCLA, University of Chicago, and Weather Channel.

Jane Martin

IU Foundation Board

More About Jane

A retired venture capitalist, Jane’s career has spanned nearly five decades beginning in Chicago in the 1970s with Allstate’s $250 million venture portfolio (including FedEx, MCI, Control Data, MaryKay, and Memorex). In the 1980s, she joined U.S. Venture Partners in Menlo Park, California, as a general partner in the first three funds (Sun Microsystems, Advanced Cardiovascular Systems, Gymboree, and Callaway Golf). After spending the 1990s as a limited partner in multiple venture funds, doing pro bono non profit work, and serving as the CEO of Indiana University’s first technology spinout, Wisdom Tools, Jane joined Massachusetts-based Village Ventures, as a general partner. She also co-founded an affiliate Indiana-based fund, Spring Mill Ventures, focusing on Indiana businesses (Biostorage Technology, Sonarmed, PerfectServe, and Scale).

Jane is a 1972 Kelley graduate in Finance and received her CFA Charter in 1979. In her retirement she is on multiple non profit boards (hunger, homelessness and the environment) and continues to mentor and invest in double bottom line start ups.

She has served on the IU Foundation board for 18 years and is now emeritus, also formerly on the SICE and Kelley Dean’s Advisory Board.

She is currently on the Eskenazi Art Museum Board.

Jane’s family has funded an Endowed Chair in Alzheimer’s research and 2 professorships at the IU School of Medicine; has named the Commons at the Eskenazi Art Museum; and gave the lead gift for the sensory architecture installation ‘Amatria’ at the Luddy School. Jane continues to support Queer Philanthropy Circle, Jacobs School of Music, and Armstrong scholars and Little 500 women riders.


There are two pathways to nomination – (1) applicant can be nominated by an Indiana University faculty, staff, student or alumnus or (2) self-nomination. Eligible candidates are encouraged to seek eligible nominators to submit nomination.


Nominators complete the “Spirit of Venture” Award application on behalf of the nominee.

Submit Materials

Nominee will be contacted via email to provide: authorization to verify status of good standing (if applicable) and supporting materials to include: Cover letter and Resume/CV

Application materials (application, cover letter, resume/CV) may be submitted year round and will be considered on an ongoing basis.

How are winners selected?

The “Spirit of Venture” Selection Committee will evaluate applicants based on the following criteria:

1. Exhibited entrepreneurial success as a Founder of a commercial or social enterprise as demonstrated by traditional business success and growth metrics.

2. Exhibited commitment and service to IU Ventures through their support of IU affiliated founders and funders including (but not limited to) mentorship, education, networking, career placement, etc.

The 2021 “Spirit of Venture” Award(s) will be presented at the IU Founders and Funders Network Conference on October 21, 2021.

Nominate someone for the Spirit of Venture Award