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TechPoint issues positive progress report for its Mission41K initiative

Raquel Bahamonde2023-08-01T07:14:10-04:00July 24, 2023|

TechPoint, the growth initiative for Indiana's tech sector, has released a progress report on its Mission 41K initiative aimed at growing the tech sector by 41,000 jobs by 2030. The initiative, which launched in September 2022, has shown progress as Indiana has grown its tech workforce by 5.6 percent, which is double the national tech workforce rate last year. According to TechPoint, since it launched the initiative more than 100 individuals and organizations have taken the Mission41K pledge. The report shows that 92 percent of all jobs in Indiana require some level of tech skill. Tech employment in Indiana stands at 118,872 jobs at nearly 9,300 tech companies. TechPoint's report shows that those companies posted more than 55,000 open positions last year. [READ FULL REPORT] In a recent Inside INdiana Business article, Dennis Trinkle, senior vice president of talent, strategy [...]

Business Equity for Indy launches free membership program

Raquel Bahamonde2023-07-20T08:57:49-04:00July 20, 2023|

INDIANAPOLIS (July 20, 2023) – Business Equity for Indy (BEI), a collective of local organizations committed to advancing racial equity and driving results for Black residents and residents of color, announces a new, free membership program. Through the new, free membership program, organizations will transparently share their commitment to and progress toward advancing racial equity. It is also an opportunity to join a collective, like-minded effort to learn best practices and find new resources to support their strategies for equity and inclusion. “We are thrilled to introduce our membership program, which is a critical catalyst for change in Indianapolis. By joining forces with Business Equity for Indy, organizations can make a tangible impact in addressing racial disparities while unlocking the immense potential that diversity and inclusion bring to their businesses,” said Jeffrey Harrison, chair of Business Equity for Indy and [...]

Central Indiana Corporate Partnership and initiative leaders named to the IBJ Indiana 250 list of most influential business leaders in Indiana

Raquel Bahamonde2023-07-20T07:45:10-04:00July 20, 2023|

INDIANAPOLIS (July 20, 2023) – The Central Indiana Corporate Partnership (CICP) is announcing that its CEO and four of its talent and industry sector initiative leaders have been named to the Indianapolis Business Journal’s prestigious list of the 250 most influential business leaders in Indiana. The list represents the people who are making an undeniable impact on the state. Named to the list from CICP are the following: Melina Kennedy, CEO, Central Indiana Corporate Partnership Mitch Frazier, president and CEO, AgriNovus Indiana Jason Kloth, president and CEO, Ascend Indiana Fred Cartwright, president and CEO, Conexus Indiana Ting Gootee, president and CEO, TechPoint Some of the groundbreaking projects CICP and its initiatives have been involved in include the creation of the 16 Tech Innovation District, the Indiana Biosciences Research Institute, Business Equity for Indy, the Indiana GPS Project, the Indiana Seed [...]

TechPoint issues Q2 2023 Indiana Tech Venture Report: Steadying pace towards market equilibrium between startups and investors

Raquel Bahamonde2023-07-17T15:05:10-04:00July 17, 2023|

The venture capital landscape today, with regards to deal flow, looks similar to that of the early months of the pandemic in 2020. Crunchbase data showed global venture funding in Q2 2023 fell 18% quarter over quarter to $65 billion, down 49% compared to the second quarter of 2022, when startup investors spent $127 billion. The first half of 2023 is down by similar proportions. In H1 2023, global funding reached $144 billion, marking a 51% decline from the $293 billion invested in H1 2022 and a 10% decline from the second half of 2022. “The trickle-down market effect from later-stage deals now to the seed and early-stage deals, especially around decreased valuation, has been shaping this year’s activities,” explained TechPoint President and CEO Ting Gootee. “This has a significant impact on an emerging venture community like ours where most founders are [...]

Nearly 60% of Hoosiers have engaged in entrepreneurship; more than 12% are business owners, according to new survey

Raquel Bahamonde2023-07-18T10:44:25-04:00June 27, 2023|

INDIANAPOLIS (June 27, 2023) – New research from NORC at the University of Chicago finds that more than half of all Hoosiers have participated in at least one entrepreneurial activity, which includes involvement in or steps toward business ownership or freelancing. However, the survey shows that current business planners and other potential entrepreneurs could benefit from more resources and support. The data comes from Entrepreneurship in the Population: Indiana (EPOP-IN), a survey commissioned by the Central Indiana Corporate Partnership (CICP). “A thriving entrepreneurial ecosystem is a critical part of having a dynamic economy. We wanted to dive into some of the motivations that drive business owners,” said Melina Kennedy, CEO, Central Indiana Corporate Partnership. “Likewise, we wanted to identify reasons that people are hesitant to start new businesses so we can find more resources and ways to encourage entrepreneurial growth.” [...]

New TEConomy/TechPoint report shows tech adoption and cross-sector collaboration as key economic growth drivers for Indiana

Raquel Bahamonde2023-06-13T10:33:31-04:00June 13, 2023|

INDIANAPOLIS (June 13, 2023) — A report commissioned by TechPoint details a need to take advantage of a unique opportunity to position Indiana as a global leader in technology application and adoption beyond the traditional tech sector and into the state’s strongest advanced industry sectors. TechPoint, Indiana’s industry-led growth initiative for Indiana’s digital innovation economy and overall tech ecosystem, worked with TEConomy Partners LLC to examine Indiana’s tech sector and the degree to which tech is increasingly an embedded core competency driving economic growth across Indiana’s advanced industry sectors. Researchers used occupational data and provided an in-depth assessment and comparative analytics of tech penetration in Indiana’s major industries and business sectors. “Nearly every key sector of Indiana’s economy lags the nation in its share of tech and tech-enabled employment, which presents a great opportunity for us,” TechPoint President and CEO Ting [...]

AgriNovus Indiana announces winners of 2023 HungerTech Innovation Challenge

Raquel Bahamonde2023-06-12T10:45:48-04:00June 12, 2023|

INDIANAPOLIS (June 12, 2023) — AgriNovus Indiana, an initiative to grow the state’s agbioscience economy, today announced Indianapolis-based GreenBasket has won the HungerTech Innovation Challenge, securing the company $25,000 to help advance its tech-enabled food security product. Presented by Elevance Health, the HungerTech Innovation Challenge is a four-week accelerator supporting entrepreneurs to create tech-enabled businesses that connect food-insecure populations to for-profit and not-for-profit food networks. “HungerTech is a powerful experience for innovators that unites entrepreneurship and business to inspire the creation of technologies to serve those in need,” said Mitch Frazier, president and CEO of AgriNovus Indiana. “We look forward to working with the GreenBasket team to realize their vision of using technology to connect food supply with those that need it most.” GreenBasket developed CropSpots, a click-and-collect model that delivers farmer’s market goods to areas of frequent community engagement [...]

(IND)Venture returns to connect startups and scale-ups with investors to grow Indiana’s digital innovation economy

Raquel Bahamonde2023-05-24T09:43:39-04:00May 23, 2023|

INDIANAPOLIS (May 23, 2023) — Three of Indiana’s leading entrepreneurial growth organizations will again join forces to host (IND)Venture, a two-day venture-focused summit designed to connect tech innovators with investors. The event, also called Indiana Venture Summit, is in its second consecutive year and is organized through a collaboration between TechPoint, 50 South Capital and the Venture Club of Indiana and supported by the Indiana Economic Development Corporation and other companies and organizations active in Indiana’s venture community. Organizers and past participants say this kind of Indiana-focused event is an opportunity to catapult companies to exponential growth. Hoosier founders are encouraged to join 50 attending investment group leaders and angel investors for two days of activities designed to connect companies in need of capital with organizations looking for investment opportunities. "Indiana startups with viable products should absolutely attend this event," [...]

Conexus Indiana honors Gov. Eric Holcomb with 2023 Andre B. Lacy Vanguard Award for his commitment to Indiana’s advanced manufacturing and logistics industries

Raquel Bahamonde2023-05-22T08:15:20-04:00May 22, 2023|

INDIANAPOLIS (May 22, 2023) Indiana Gov. Eric Holcomb has been named the 2023 Andre B. Lacy Vanguard Award recipient, joining an exclusive group of Hoosiers recognized for extraordinary leadership and impact in the advanced manufacturing and logistics industries. Under his leadership, the state has seen steady growth in advanced manufacturing and logistics; in 2022 alone, the state worked with over 130 advanced manufacturing and logistics companies to commit to add 15,800 new jobs and invest $11.9 billion in Indiana. Conexus Indiana presents the Vanguard Award each year to a Hoosier leader who champions the advanced manufacturing and logistics industries. The award is named in honor of philanthropist and business leader Andre B. Lacy who left a large footprint on Indiana as a third-generation leader of his family business, Lacy Diversified Industries Ltd. (LDI). He passed away in November 2017. Previous [...]

Conexus Indiana names 2023 Rising 30 class of young professionals

Raquel Bahamonde2023-05-18T14:57:39-04:00May 18, 2023|

INDIANAPOLIS (May 18, 2023) Conexus Indiana today announced the newest members of the Conexus Indiana Rising 30, an exclusive group of young professionals who are recognized for their early-in-career accomplishments in the advanced manufacturing and logistics industries. The Rising 30 program is in its third year and is part of Conexus Indiana’s mission to strengthen Indiana’s advanced manufacturing and logistics industries. Rising 30 honorees exemplify leadership and innovation in Indiana’s largest industry sector and are poised to become Indiana’s future industry leaders. “It is exciting to see such a rich pipeline of young professionals who already are contributing to Indiana’s largest economic engine,” said Scott Brand, executive vice president of Subaru of Indiana Automotive and chair of the Conexus Indiana Board. “As Indiana’s advanced manufacturing and logistics industries continue to modernize and embrace the next-generation workplace, we’re in good hands [...]

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