The rest of the 100 (in alphabetical order): John Hanak, managing director, Elevate Purdue Foundry Fund

As managing director of Purdue Ventures at Purdue University, John Hanak is responsible for running the $2m Elevate Purdue Foundry Fund.

The fund was set up in 2014 in collaboration with venture capital firm Elevate Partners and with assistance from public-private partnership Indiana Economic Development Corporation. It offers university-affiliated startups two tiers of funding – Black Awards of $20,000 convertible nonrecourse notes, and Gold Awards of up to $80,000 in additional debt or equity.

In addition to his role at the helm of Purdue Ventures, Hanak is also the entrepreneur-in-residence at Purdue Foundry – the university’s technology transfer and commercialisation program, founded in 2013.

In the Elevate Purdue Foundry Fund’s current portfolio is spinal implant nanotechnology developer Nanovis, a Purdue spinout that raised $5.5m in August this year. Founded in 2006, Nanovis was originally based at Purdue Research Park.