Indiana’s life sciences companies accessed more than $9 billion to grow innovation in 2020 BioCrossroads report details funding sources, deals, investors
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 [...]
Indiana’s life sciences industry breaks yearly records in two key categories – exports and venture capital
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, [...]
BioCrossroads has released a new report, Tech Transfer in Indiana: An Overview for the Life Sciences Industry, a comprehensive resource highlighting the technology transfer processes and approaches used by Indiana University, Purdue University and the University of Notre Dame to facilitate commercialization of research-driven discoveries and innovations. The report also discusses the role of incubators and graduation facilities at research universities, which are increasing in number and importance.
AgriNovus Indiana, an initiative focused on growing Indiana’s agbioscience economy, has released a comprehensive study that found the sector directly contributes more than $39 billion to the state’s economy. Conducted by TEConomy Partners, the study, Innovative Agbioscience in Indiana: 2020 Assessment, identified more than six percent growth in the industry from 2012 to 2018, with an average wage of $51,825, more than eight percent higher than the statewide average.
Conexus Indiana, in partnership with Indiana University Kelley School of Business Center for Excellence in Manufacturing, has released a study that shows Indiana advanced manufacturing and logistics companies are in various stages of adopting smart manufacturing technologies and identifies a path forward to help spur widespread technology adoption among Indiana manufacturers of all sizes. Without widespread adoption of advanced technologies, study authors say, Indiana risks falling behind increasingly tougher global competition. “Charting Indiana’s Path from Early Adoption to Widespread Application of Industry 4.0 Technologies,” surveyed 380 Indiana advanced manufacturing and logistics companies from a wide cross-section of businesses across the state. Industry 4.0 is the move toward smart manufacturing where autonomous technologies, smart systems and data and machine learning promise to significantly improve manufacturing operations.
Safe Return to Work for Indiana's Sales and Service Operations: Keeping our Hoosier workers safe so they can restart the state was released to share best practices of Indiana companies and others around the world in this unprecedented time. It identifies recommendations and best practices from public health experts and organizations, as well as other officials, to assist Hoosier employers both in continuing to navigate the COVID-19 pandemic and in restarting operations. The edition distributed is focused on sales and service operations, and includes two primary sections: Key Decisions to Consider Prior to Restarting Your Workplace: Describes for employers the four key principles they will need to consider as they seek to re-open their operations following the COVID-19 shelter-in-place order and temporary closures. Key Components of a Safe Return to Work in Indiana's Sales and Service Operations: Provides an outline [...]