Indiana solidifies leadership in Life Sciences with remarkable growth in 2023
With a $95 billion economic contribution and significant advancements over the past year, Indiana solidifies its position as a global leader in life sciences. INDIANAPOLIS — In a year marked by incredible accomplishments, Indiana's life sciences industry once again demonstrated its capacity for substantial economic contribution and pioneering innovation, successfully securing $5.5 billion in capital investment in 2023, despite global economic challenges. This funding underscores the state's resilience and commitment to maintaining a thriving life sciences sector, which contributed $95 billion to Indiana’s economy last year alone. The breakdown of the 2023 investments is as follows: $8.2 million in SBIR/STTR funding awarded to 17 companies, $287.5 million in Venture Capital invested in 34 companies, $160.7 million accessed through public markets by three companies, Nearly $3.5 billion in mergers and acquisitions related to Indiana life sciences companies, $1.5 billion in capital [...]
AgriNovus Indiana announces winner of the 2024 HungerTech Innovation Challenge
Anu selected from 16 teams aiming to create tech-enabled solutions that connect food supply with food demand INDIANAPOLIS — AgriNovus Indiana, an initiative to grow the state’s agbioscience economy, today announced Evansville, Ind.-based Anu has won the HungerTech Innovation Challenge, securing the company $25,000 to advance its tech-enabled food security solution. Presented by Elevance Health, the HungerTech Innovation Challenge is a four-week accelerator supporting entrepreneurs to create tech-enabled businesses that ensure increased and equitable food distribution that is both environmentally sustainable and economically viable. “HungerTech was created to inspire innovation that durably addresses the gap that exists between food supply and food demand,” said Mitch Frazier, president and CEO of AgriNovus Indiana. “Anu’s technology has potential to bring the production and availability of healthy foods to consumers across the country and around the world.” Anu is a dedicated health and [...]
Conexus Indiana presents Manufacturing Innovation Award at TechPoint’s 25th annual Mira Awards
WATCH Smoker Craft Video INDIANAPOLIS — Conexus Indiana, in partnership with TechPoint, names Smoker Craft Inc. of New Paris, Ind. as the inaugural Manufacturing Innovation Award winner. The award was announced at the 25th annual Mira Awards program presented by the Indiana Economic Development Corporation (IEDC), Salesforce and a host of the state’s most innovative companies, universities and organizations. The Conexus Indiana Manufacturing Innovation Award recognizes industrial firms that have taken an exceptional leap into the fourth industrial revolution (Industry 4.0). The six nominees collectively prioritized productivity and efficiency gains through the adoption of advanced manufacturing technologies like robotics, data analytics, artificial intelligence (AI) and machine learning (ML), industrial internet of things, machine vision and more. This year’s winner, Smoker Craft, exemplifies innovation within a manufacturing environment. The multi-generational, family-owned Elkhart County manufacturer is one of the oldest and largest boat builders in [...]
TechPoint announces 25th annual Mira Awards winners
Annual gala attracted nearly 2,0000 celebrants of the best in Indiana tech and innovation INDIANAPOLIS — TechPoint, the industry-led growth initiative for Indiana’s digital innovation economy, today announced the winners of its 25th annual Mira Awards program presented by the Indiana Economic Development Corporation, Salesforce and a host of the state’s most innovative companies, universities and organizations. “Our collective vision is to transform Indiana from an emerging tech hub into a global leader in digital innovation, and tonight was a showcase of amazing innovation and leadership across all of Indiana’s major sectors,” said TechPoint President and CEO Ting Gootee. “Mira’s 25-year-track record provides a valuable innovation awards platform for the highly deserving winners but also for our amazing tech and innovation community overall.” The 2024 TechPoint Mira Award winners are: Talent Impact Award: Skyepack, West Lafayette: The Career+™ Ecosystem platform [...]
TechPoint wins stage one of the U.S. Small Business Administration’s 2024 Growth Accelerator Fund Competition
TechPoint, through the Central Indiana Corporate Partnership, was awarded $50,000 in prize money for equitable access to entrepreneurship INDIANAPOLIS –The U.S. Small Business Administration (SBA) announced TechPoint, the Central Indiana Corporate Partnership’s (CICP) branded growth initiative for the state’s digital innovation economy, as a Stage One winner for the 2024 Growth Accelerator Fund Competition (GAFC). TechPoint, through CICP, will receive a $50,000 cash prize for its impactful and inclusive approach to nurturing a collaborative national innovation ecosystem to advance small business research and development (R&D) from ideas to market. Also winning a cash prize from the GAFC was Evansville-based Indiana Center for Emerging Technologies. TechPoint won the award for its plans to launch an Artificial Intelligence (AI) innovator network for Indiana-based companies and organizations. Those interested in joining or following this effort should visit https://techpoint.org/ai-innovation-network/. "AI is the most dynamic [...]
CICP releases 2023 annual report
CICP has released its 2023 annual report, marking another transformative year for the organization, its five talent and industry sector initiatives and its programs. Melina Kennedy, CICP’s new CEO assumed her role in February, and the organization saw leadership changes with two of its initiatives Ascend Indiana and BioCrossroads. In addition, Sue Ellspermann, president of Ivy Tech, was named the chair of the CICP Board of Directors. CICP’s initiatives AgriNovus Indiana, Ascend Indiana, BioCrossroads, Conexus Indiana and TechPoint continued to advance their talent programs and enhance their respective sectors, agbiosciences, life sciences, advanced manufacturing and logistics and technology. 2023 saw CICP bring together hundreds high school students, industry and education leaders as part of the See Yourself IN Summit. See Yourself IN is a public education program aimed at educating a Gen Z audience on the jobs, companies and opportunities [...]
WISH-TV: BioCrossroads is working to grow life sciences in Indiana
BioCrossroads President and CEO Vince Wong was recently featured on WISH-TV's Business, Equity and Opportunities show with Scott Sander to talk about the growth of the life sciences in Indiana. Indiana is ranked first in the nation for pharmaceutical exports and second in the nation for life sciences exports. Indiana's life sciences sector: $95B annual economic contribution 67,000+ workers 3,000+ life sciences establishments $108,000+ average wage Wong talks about an area of growth for the sector including attracting companies that manufacture devices to treat and manage diseases. He also talks about the need to continue to attract talent into the growing sector. WATCH (Sources: WISH-TV and BioCrossroads)
TechPoint Report: Indiana kicks off 2024 by outpacing national VC investment activity
In the first quarter of 2024, the national venture capital (VC) landscape presented a mixed picture, with investment levels at a five-year low based on PitchBook data, despite a slight uptick in valuations and exit activity compared to last quarter. In contrast, Indiana emerged as a bright spot, displaying growth in VC activities across various metrics at the highest level since at least 2015. TechPoint, the tech initiative for the Central Indiana Corporate Partnership (CICP), has released its Q1 2024 Indiana Tech Venture Report. READ MORE (Source: TechPoint)
