IBJ: Indiana Life Sciences Companies Raise Record $620M in 2022

2023-01-24T09:15:14-05:00January 24, 2023|

A recent article in the Indianapolis Business Journal by reporter John Russell, shows that Indiana’s healthcare and life sciences sector, often hailed as a key driver of the state’s economy, landed a record $619.8 million in venture funding last year, a hefty increase over the previous record, set a year earlier. Data provided by CICP's life sciences initiative BioCrossroads also shows that the amount of funding raised is 43% larger than the previous record of $433 million, set in 2021. According to the story, thirty-seven companies signed 40 deals last year for venture funding, for an average deal amount of $15.5 million. That is an improvement from the year before, when 39 companies signed deals worth an average amount of $11.1 million. [READ MORE] (Sources: Indianapolis Business Journal, BioCrossroads)

IndyStar: TechPoint’s CEO on her job and challenges of growing Indiana’s tech sector

2023-01-13T15:40:16-05:00January 13, 2023|

In a recent IndyStar article, reporter Alexandria Burris sat down with new TechPoint President and CEO Ting Gootee to talk about the key areas of growth in the tech sector. Gootee says tech workers and digital innovation are two of the key elements to the growth of the Indiana economy, especially in advanced industry sectors such as agriculture, life sciences, advanced manufacturing and logistics. Gootee, who was named to the new role in 2022, wants Indiana to keep pace with tech job growth by adding 41,000 tech workers by 2030. [READ MORE] (Source: IndyStar)

Indianapolis Recorder: Business Equity for Indy: 2-Year Anniversary Reflections

2022-10-28T10:48:07-04:00October 21, 2022|

During the summer of 2020, at the height of racial tensions coupled with the dire, disproportional impacts of the coronavirus pandemic, the Central Indiana business community united to form Business Equity for Indy (BEI). Through this initiative — a partnership of the Central Indiana Corporate Partnership and Indy Chamber with support from the Indianapolis Urban League, led by 120 growing businesses — we’re working to create collaborative, sustainable solutions to dismantle more than 240 years of systemic racism, injustice and inequity that are preventing our Black and brown Hoosiers from opportunity and advancement. Article by Jeffrey A. Harrison, chair of Business Equity for Indy, and President and CEO of Citizens Energy Group. [READ MORE] (Source: Indianapolis Recorder)

BioCrossroads Honors Life Sciences Innovators in Indiana

2022-09-26T08:43:51-04:00September 26, 2022|

In an effort to recognize and honor some of the people leading the way and making significant contributions to the life sciences sector, our initiative BioCrossroads created the August M. Watanabe Life Sciences Champion of the Year Award to shine a light on innovation and growth in the state and recognize those whose impactful contributions have helped lead the sector to national prominence. This compilation is a look back at the trailblazers selected for this award over the years. [READ MORE] (Source: BioCrossroads)

IIB: New 16 Tech CEO Krueger Sees Big Opportunity

2022-09-12T08:15:16-04:00September 12, 2022|

In a recent interview on Inside INdiana Business, 16 Tech President and CEO Emily Krueger talked about the billions of dollars of investment in place or under construction at 16 Tech and how the District is playing a major role in a new health and life sciences corridor. Krueger also talks about the groundbreaking on the new bridge this fall that will connect 16 Tech to the IUPUI campus and why the bridge is a significant connector to the downtown area and much more. WATCH

IBJ: Ascend Indiana Developing Strategies to Keep College Grads in State

2022-08-22T12:50:15-04:00August 22, 2022|

The CICP talent initiative Ascend Indiana is committed to making Indiana a place of economic opportunity for all by helping to keep college graduates in state through internships and good and promising jobs. Recently, Ascend Indiana President and CEO Jason Kloth spoke to Sam Stall with the Indianapolis Business Journal (IBJ) about several pathways the non-profit it using to achieve its goals of closing the talent gap in Indiana. “We want to bridge the connectivity gap between employers and talent in our state,” Kloth said. “The Ascend Network is the technology platform that addresses connectivity between the job seeker and the employer. The second platform is Ascend Services, which brings together employers, education providers and elected officials to build new programmatic content. The third is Ascend Insights, which is all about research and public policy.” Also, among its many partners [...]

Indiana is a Hotspot for Entrepreneurship and Innovation, Global Report Says

2022-06-15T13:36:02-04:00June 14, 2022|

INDIANAPOLIS (June 14, 2022) – Today, during London Tech Week, Startup Genome, a policy advisory and research organization, released its 2022 Global Startup Ecosystem Report. The comprehensive, data-driven report analyzed more than 280 entrepreneurial ecosystems including 3 million startups and ranked Indiana as a Global Top 40 Emerging Ecosystem. Indiana is also included in seven other subsets for talent, early capital funding and performance. “The Start Up Genome Top 40 ranking is an exciting validation of the hard work of our entrepreneurs—but there is still more, as a state, we can do,” said Indiana Secretary of Commerce Brad Chambers. “We are leaning in and finding innovative new ways to enable our immensely talented young people to propel our economy forward. I see no more important investment of time and resources and no reason that Indiana should not be a Top 5 ecosystem [...]

EmployIndy Launches Marion County’s Good Wages Initiative Based on CICP Report

2022-04-25T13:37:37-04:00April 25, 2022|

EmployIndy has publicly launched the Good Wages Initiative (GWI) in Marion County which certifies, celebrates, and showcases Marion County employers that have voluntarily committed to providing full-time employees both a wage of at least $18/hour and access to employer-sponsored health insurance benefits. In 2018, the Brookings Institution partnered with the Central Indiana Corporate Partnership to produce a report examining Central Indiana’s economic future. Advancing Opportunity in Central Indiana outlines numerous ways the area can develop strategies to increase the availability of more good and promising jobs that pay living wages. Their research determined that  $18/hour, paired with employer-sponsored health insurance, is the general living wage for the Indianapolis area (the number of working and non-working individuals in a household, along with other factors not considered, affect the standard of living for household members).  “Paying good wages and providing employer-sponsored health insurance gives businesses critical advantages in today’s labor market, from reductions in [...]

Celebrating National Agriculture Month – Indiana Has Its Ducks in a Row

2022-03-17T12:58:15-04:00March 17, 2022|

March is National Agriculture Month and Indiana ranks 10th nationally for total ag production with more than 55,000 farmers operating 14.8 million acres of land in Indiana, according to a study by the U.S. Department of Agriculture. An article by the Purdue Research Foundation shows Indiana’s impact on ag innovation and how AgriNovus Indiana is leading the way in growing the state’s agbiosciences. [READ MORE]  

IIB: BioCrossroads Celebrates 20 Years of Growing State’s Life Sciences Sector

2022-03-07T08:15:39-05:00March 7, 2022|

BioCrossroads, the life sciences initiative of the Central Indiana Corporate Partnership (CICP), is marking 20 years of growing the sector in Indiana. In that time, the life sciences sector in the state has grown to be an $80 billion industry. BioCrossroads has also invested in more than 500 startups through three venture capital funds. BioCrossroads President and CEO Patty Martin recently talked with Inside INdiana Business host Gerry Dick about the past 20 years and what is next for the sector. [WATCH] (Source: Inside INdiana Business, BioCrossroads)

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