Studies/Reports

Artificial Intelligence and Advanced Analytics in Indiana: An Initial Discussion of Industry Needs and University Capabilities

BioCrossroads has released a new report from TEConomy Partners titled Artificial Intelligence and Advanced Analytics in Indiana: An Initial Discussion of Industry Needs and University Capabilities. TEConomy conducted a series of interviews with major employers in Indiana along with leadership at Indiana University (IU), Purdue University (Purdue) and the University of Notre Dame (Notre Dame) to generate their findings, perspectives and recommendations.

The study finds that technological change is affecting our economy at an unprecedented pace and is driving significant investments by Indiana’s industry partners and research universities to ensure that they stay ahead of the curve. However, there is limited coordination between industry and academia leaving missed opportunities to leverage investment, recruit and retain talent, and drive economic growth for the state. [READ FULL REPORT]

The Entrepreneurial Ecosystem for Agbiosciences in Indiana

AgriNovus Indiana has released a study providing an extensive assessment of the Indiana agbiosciences entrepreneurial ecosystem. AgriNovus commissioned the study to better understand the environment needed for innovation and entrepreneurship to thrive in Indiana.

Entrepreneurial ventures have been found to be key drivers of new technology and also job creation. The study found that in order for Indiana to be the home to unparalleled agbioscience talent and innovation, a robust entrepreneurial community, culture and infrastructure is needed.

Emerging Mobility Technologies and Trends

Energy Systems Network (ESN) released a report that examines market trends, opportunities, and future implications of the evolving advanced mobility sector, which includes a variety of transportation modes such as cars, transit buses, scooters, and bicycles.

Emerging Mobility Technologies and Trends is a comprehensive review and discussion of the evolution of the transportation and mobility industry, from the 20th century’s orientation toward roadways and personal automobiles; to vehicles’ current advancements propelled by electrification, automation, and sharing; to the emergence of “micromobility” (such as bikes or scooters) and other functional modes and business models, including Mobility-as-a-Service (MaaS) models that offer a variety of transportation solutions based on the consumer’s specific needs through one platform.

ESN’s Director of Mobility, Matt Peak, is the author of the report.

CICP releases 2018 annual report

2018 saw continued progress, and it was an especially productive year for CICP, its projects and its initiatives (AgriNovus Indiana, Ascend Indiana, BioCrossroads, Conexus Indiana, Energy Systems Network and TechPoint).

The early 2018 launch of Bruce Katz and Jeremy Nowak’s book, The New Localism—with its extensive focus on CICP as a global model for communities in structuring and governance of economic development activity— spurred considerable publicity and acclaim for CICP. In addition, as CICP looks to ensure the organization is continuing to deliver maximum impact, it released two landmark pieces of research, the Brookings Institution’s Advancing Opportunity in Central Indiana and the Brookings Institution’s Metropolitan Policy Program report, Rethinking Cluster Initiatives.

As CICP enters its 20th year, it’s important to look back to see how far we’ve come, but to also focus on the future and the opportunities ahead. One of those opportunities includes CICP relocating its headquarters to the 16 Tech Innovation District in May 2020.

BioCrossroads Releases 2018 Annual Report

BioCrossroads and Indiana’s life sciences industry celebrated an active 2018. The life sciences sector had several notable developments and continued its national prominence with a continuation of strong workforce, wages and company statistics.

Advancing Opportunity in Central Indiana

The Brookings Metropolitan Policy Program has released new research that examines the presence of “good jobs” that provide stable employment, middle-class wages and benefits across occupations and industries in the Central Indiana region, particularly for the more than 650,000 prime-age workers in the region who do not hold a bachelor’s degree.

Importantly, the report, commissioned by the Central Indiana Corporate Partnership (CICP), looks not only at the good jobs that provide those advantages today, but also at “promising jobs” that provide stepping stones to the region’s middle class over time.

Brookings Institution article. [READ]

Clusters & Disruptors: Envisioning Central Indiana’s Economic Future in a Time of Change

The Central Indiana Corporate Partnership (CICP) commissioned a study by TEConomy Partners, Clusters and Disruptors: Envisioning Central Indiana’s Economic Future in a Time of Change, to better understand the forces of change that will likely drive Central Indiana’s economy for the next decade.

The “Clusters and Disruptors” report contains the following:

• In-depth quantitative and qualitative analytics to identify key advanced industry clusters for the region.
• A detailed situational assessment of these clusters and the associated regional technology-based economic development ecosystem (including benchmarking against aspirational competitors).
• Robust consideration to megatrends, convergence forces, and disruptive technologies likely to shape the regional economic landscape over the forthcoming decade.

Assessing R&D Funding Across Indiana’s Major Research Universities

BioCrossroads, in collaboration with TEConomy Partners, has released a significant follow-up study to the 2017 TEConomy Partners report, The Importance of Major Research Universities. 

The new study, Assessing R&D Funding Across Indiana’s Major Research Universities, takes a deeper look at the universities’ research and development funding to understand the differential. It also compares Indiana institutions to the top universities in the U.S.; identifies how investments made by the institutions themselves affect federal funding percentages; raises observations relating to the type and sources of R&D funding; and makes recommendations for improvements.

Rethinking Cluster Initiatives – Brookings Institution

A new report from the Brookings Metropolitan Policy Program argues that initiatives to support and grow industry clusters remain a potentially powerful strategy to jumpstart local economic growth, but only if certain market and civic fundamentals are in place.

The report, Rethinking cluster initiatives, by Ryan Donahue, Brookings fellow Joseph Parilla, and Brookings nonresident senior fellow Brad McDearman, takes a fresh look at the concept of industry clusters—groups of firms that gain a competitive advantage through local proximity and interdependence—and offers practical guidance for metropolitan leaders considering investments in cluster initiatives, drawing on five in-depth case studies.

The Central Indiana Corporate Partnership (CICP) is cited as a successful model and national case study.

Full report can be viewed at: https://www.brookings.edu/research/rethinking-cluster-initiatives/

2018 Advanced Manufacturing and Logistics Report Card for Indiana and U.S.

Indiana’s manufacturing industry is experiencing the longest expansion of employment in state history, according to the 2018 Manufacturing and Logistics Report Card released today by the Ball State Center for Business and Economic Research (CBER) and Conexus Indiana.

Indiana earned “A” ratings for manufacturing and industry health, tax climate and global reach, and has maintained those “A” grades year over year since 2009, the first year of the report card. Indiana also earned an “A” in logistics industry health.

The reports can be downloaded from the CBER website at http://conexus.cberdata.org/.