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Indiana’s life sciences companies accessed more than $9 billion to grow innovation in 2020 BioCrossroads report details funding sources, deals, investors

Raquel Bahamonde2021-05-05T06:36:06-04:00April 12, 2021|

INDIANAPOLIS (April 12, 2021) -- In 2020, Indiana’s life sciences companies accessed over $9 billion in capital to grow and support innovation. The funding comes from a variety of sources including Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards, venture capital, initial public offerings and related public offerings, and mergers and acquisitions. BioCrossroads today issued their annual report, Indiana Life Sciences Capital 2020, which provides details on the funding events throughout the year. The $9 billion includes: $12.6 million SBIR awarded to 21 companies. $262 million in venture capital invested in 44 companies. $141.8 million accessed through public markets by three companies. $8.6 billion+ spent to acquire innovation, representing nine transactions. The market capitalization for Indiana’s public life sciences companies as of Dec. 31, 2020 was $297.6 billion and includes Eli Lilly and Company, Anthem, Zimmer [...]

BCforward CEO and Founder Justin Christian to receive TechPoint’s Trailblazer Award during Mira Awards gala

admin41332021-04-08T18:11:37-04:00April 6, 2021|

INDIANAPOLIS (April 6, 2021) — TechPoint, the nonprofit, industry-led growth initiative for Indiana’s technology ecosystem, will honor entrepreneur and business leader, philanthropist, “girl dad” and arbiter of cool Justin Christian, with the Trailblazer Award, during a live broadcast of the 22nd annual Mira Awards gala (Thursday, April 22, beginning at 8 p.m. EDT). Christian co-founded IT consulting firm BCforward in 1998, which he has since grown into the state’s largest Information Technology solutions and staffing corporation and one of the top ten largest black-owned companies in the country. The Mira Awards—with presenting sponsor Salesforce—celebrate the best of tech in Indiana each year, including people, products, companies and places. The Trailblazer Award recognizes visionaries whose contributions have had lasting and signifxicant impact on the state and its technology ecosystem. Trailblazers are among the tech community’s most inspiring and influential players. They [...]

Richard M. Fairbanks Foundation Grant Opens Doors for Marion County Residents to Get Paid Training and Employment with Local Manufacturing Companies

admin41332021-04-08T18:09:54-04:00March 31, 2021|

INDIANAPOLIS (March 31, 2021) Marion County has nearly 1,000 manufacturing companies providing an average starting hourly wage of $16/hour, more than 20 percent higher than Indiana’s family sustaining wage. The Richard M. Fairbanks Foundation has awarded Conexus Indiana a $350,000 grant to train and place residents in these opportunity jobs and to help fill the nearly 10,000 advanced manufacturing job openings in and around Marion County. Today’s announcement is the first step in Conexus Indiana’s mission to bring its proven career training program to Marion County residents and create pathways for employment and career growth with local manufacturers. Conexus Indiana’s program, Catapult Indiana, is available in five communities around Indiana and has placed on average 85 percent of its graduates in advanced manufacturing jobs. “As employers, advanced manufacturers offer Marion County residents rewarding work making everything from life-changing pharmaceuticals to [...]

Bloomington to receive Rising Tech City Award during TechPoint’s 22nd annual Mira Awards gala

admin41332021-04-11T11:48:30-04:00March 30, 2021|

INDIANAPOLIS (March 30, 2021) — TechPoint, the nonprofit, industry-led growth initiative for Indiana’s technology ecosystem, will recognize the City of Bloomington with a prestigious Rising Tech City Award during the 22nd annual Mira Awards gala on Thursday, April 22, beginning at 8 p.m. EDT. The awards are being held virtually again this year due to the pandemic and the public may watch the live broadcast for free online at https://techpoint.org/riseup. The Mira Awards—with presenting sponsor Salesforce—celebrate the best of tech in Indiana each year, including people, products, companies and places. The Rising Tech City award honors a city, town, region or community within the state of Indiana and celebrates the projects and the people behind them who have championed the location’s advancement and tech friendliness. The emphasis is on developing compelling places where diverse, tech-skilled people want to live. While [...]

Indiana’s life sciences industry breaks yearly records in two key categories – exports and venture capital

Raquel Bahamonde2021-04-21T11:21:42-04:00March 25, 2021|

INDIANAPOLIS, (March 25, 2021) -- While COVID-19 continues to make the headlines, Indiana’s life sciences industry not only combatted the pandemic with testing, treatments, clinical trials, and vaccine manufacturing but remained committed to innovating and investing throughout 2020. New data provided to BioCrossroads by the Indiana Business Research Center (IBRC) at the Indiana University Kelley School of Business shows a thriving and growing sector. One of the most notable milestones: Indiana is the second highest exporter of life sciences products in the U.S. and has been for more than a decade. In 2020, more than $11.4 billion of products were exported from the state, representing more than $192,000 of output per worker, the highest amount ever recorded. In addition, Indiana life sciences start-ups garnered a record level of venture capital investment with more than $262 million committed to 44 companies, [...]

AgriNovus Indiana announces changes, additions to its Board of Directors

Raquel Bahamonde2021-04-05T16:42:56-04:00March 18, 2021|

INDIANAPOLIS (March 18, 2021) — AgriNovus Indiana, an initiative to fuel growth in Indiana’s agbioscience economy, announced today the addition of three new members to its board of directors. The board unanimously approved the seat change of Dr. Scott Holmstrom, vice president of Product Development and Innovation Regulatory at Elanco and Megan Ritter, executive director of administration at Indiana Farm Bureau, to the board. Additionally, the board unanimously approved the addition of Mike DiPaola, North American general manager and vice president of sales at Taranis, to the board, bringing decades of leadership to the organization. “AgriNovus is laser focused on fueling growth across Indiana’s agbioscience economy guided by a board of directors that represent the best of agbioscience,” said Mitch Frazier, president and CEO of AgriNovus Indiana. “Scott’s deep experience in animal health, Megan’s leadership with producers and Mike’s agtech experience [...]

J. Mark Howell to step down from Conexus Indiana in June 2021

Raquel Bahamonde2021-04-05T16:49:43-04:00March 17, 2021|

J. Mark Howell, president and CEO, Conexus Indiana INDIANAPOLIS (March 17, 2021) The Conexus Indiana Board of Directors announced today that J. Mark Howell, president and CEO of Conexus Indiana, has decided to step down from the organization effective June 2021. “The work that Mark has accomplished in the past three years as president and CEO of Conexus Indiana is nothing short of remarkable,” said Dennis Oklak, chairman of the Conexus Indiana Board of Directors. “Mark came to Conexus and quickly created a strategic plan for the organization, which has served as an effective roadmap for Conexus Indiana’s current work and that will sustain the organization’s efforts for years to come.” Howell joined Conexus Indiana in January 2018 with a focus on preparing Indiana’s advanced manufacturing and logistics industries for Industry 4.0, defined by the use of advanced [...]

Conexus Indiana releases State of Logistics report; data fortify Indiana’s ‘Crossroads of America’ leadership position

Raquel Bahamonde2021-04-05T16:49:44-04:00March 3, 2021|

INDIANAPOLIS (March 3, 2021) Conexus Indiana today released a comprehensive report of Indiana’s logistics industry, providing a deep assessment of the state’s geographic, public policy, innovation and regional assets that make Indiana a global logistics leader. The Conexus Indiana Logistics Council, comprising statewide logistics and supply chain executives, developed the report in partnership with the Indiana Economic Development Corporation and with content contributions from the Department of Workforce Development, Commission for Higher Education, Department of Transportation and the Governor’s office. “This report underscores that Indiana not only understands logistics but is perfectly positioned to continue to build this incredibly important industry sector,” said Indiana Secretary of Commerce Jim Schellinger. “Indiana reduces regulatory burdens and provides stability and access to markets and 21st century talent, making our state attractive to companies around the world.” More than $650 billion in goods move [...]

Conexus Indiana announces two new board members

Raquel Bahamonde2021-04-05T16:49:44-04:00February 25, 2021|

INDIANAPOLIS (Feb. 25, 2021) Conexus Indiana today announced the appointment of Nick Anthony, executive vice president and chief investment officer for Duke Realty, and Kent Duncan, head of Indianapolis Operations for the Defense Sector at Rolls-Royce, to the 19-member Conexus Indiana Board of Directors. “To deliver on the Conexus mission to accelerate, promote and grow Indiana’s advanced manufacturing and logistics economy, we have assembled a strong and diverse Board of Directors to guide our operations and focus,” said J. Mark Howell, president and CEO of Conexus Indiana. “With the addition of Nick and Kent, we continue to gain new perspective and expertise, and will benefit greatly from their more than 60 years of collective industry experience.” Both Anthony and Duncan will replace long-time board members from Duke Realty and Rolls-Royce, respectively. Anthony leads Duke Realty’s acquisition and disposition activities, in [...]

TechPoint announces nominees for 22nd annual Mira Awards Honoring ‘The Best of Tech in Indiana’

Raquel Bahamonde2021-04-05T16:52:10-04:00February 16, 2021|

INDIANAPOLIS (Feb. 16, 2021) — TechPoint, the nonprofit, industry-led growth initiative for Indiana’s technology ecosystem, announced the nominees for its 22nd annual Mira Awards program presented by Salesforce. The Mira Awards is the state’s largest and longest-running technology excellence and innovation recognition program, and the annual gala celebrates the “The Best of Tech in Indiana.” Last year, an estimated 5,000+ people watched the first-ever virtual live broadcast of TechPoint’s Mira Awards gala. WATCH VIDEO recap of the Mira Awards gala virtual live broadcast from 2020. The nominees include individuals, community organizations, investors, education institutions and tech employers with remarkable achievements in the prior year. In aggregate, the 53 company nominees that provided data employ more than 18,600 people in the state of Indiana and they represent nearly $8.54 billion in annual revenue (excluding Eli Lilly and Company, Verizon, UKG, and [...]

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