$5.7​ ​million​ ​Lilly​ ​Endowment​ ​grant​ ​to​ ​support​ ​TechPoint’s talent​ ​initiatives

September 14, 2017

INDIANAPOLIS​ ​(September​ ​14,​ ​2017)​ ​–​ ​​TechPoint​,​ ​Indiana’s​ ​tech​ ​growth​ ​initiative,​ ​will​ ​use​ ​a​ ​$5.7  million​ ​grant​ ​from​ ​Lilly​ ​Endowment​ ​Inc.​ ​to​ ​enhance​ ​its​ ​efforts​ ​in​ ​attracting​ ​and​ ​retaining​ ​tech  talent​ ​in​ ​the​ ​state.​ ​The​ ​grant,​ ​awarded​ ​to​ ​the​ ​Central​ ​Indiana​ ​Corporate​ ​Partnership​ ​(CICP)  Foundation,​ ​will​ ​support​ ​TechPoint’s​ ​suite​ ​of​ ​talent​ ​programs,​ ​recently​ ​branded​ ​as​ ​TechPointX,  which​ ​are​ ​designed​ ​to​ ​prepare​ ​and​ ​recruit​ ​college​ ​students​ ​and​ ​new​ ​graduates​ ​for​ ​the​ ​types​ ​of  tech​ ​jobs​ ​available​ ​in​ ​Indianapolis.

“We​ ​launched​ ​Xtern​ ​in​ ​2014​ ​and​ ​since​ ​then​ ​have​ ​created​ ​a​ ​suite​ ​of​ ​four​ ​talent​ ​programs​ ​to​ ​help​ ​us  advance​ ​toward​ ​the​ ​vision​ ​of​ ​establishing​ ​the​ ​Midwest’s​ ​top​ ​tech​ ​hub​ ​here​ ​in​ ​Indiana,”​ ​said​ ​Mike  Langellier,​ ​president​ ​and​ ​CEO​ ​of​ ​TechPoint.​ ​“Talent​ ​is​ ​one​ ​of​ ​the​ ​critical​ ​ingredients​ ​of​ ​a​ ​thriving  tech​ ​ecosystem.​ ​We​ ​are​ ​proud​ ​of​ ​the​ ​achievements​ ​made​ ​through​ ​our​ ​TechPointX​ ​programs​ ​and  partnerships​ ​with​ ​employers​ ​and​ ​universities,​ ​and​ ​we​ ​are​ ​extremely​ ​grateful​ ​to​ ​the​ ​Lilly  Endowment​ ​for​ ​providing​ ​the​ ​financial​ ​resources​ ​to​ ​make​ ​it​ ​happen.”

This​ ​is​ ​the​ ​third​ ​Lilly​ ​Endowment​ ​grant​ ​awarded​ ​to​ ​CICP​ ​Foundation​ ​to​ ​support​ ​TechPoint’s​ ​talent  development​ ​initiatives.​ ​In​ ​2013,​ ​TechPoint​ ​received​ ​a​ ​$1.3​ ​million​ ​grant​ ​to​ ​help​ ​launch​ ​the​ ​Xtern  program​ ​and​ ​a​ ​$1.4​ ​million​ ​grant​ ​in​ ​2015​ ​to​ ​continue​ ​program​ ​support.

TechPoint​ ​programs​ ​quickly​ ​proved​ ​effective​ ​at​ ​improving​ ​student​ ​opinions​ ​about​ ​the  Indianapolis​ ​tech​ ​sector,​ ​and​ ​vital​ ​to​ ​building​ ​the​ ​region’s​ ​tech​ ​talent​ ​pipeline​ ​by​ ​retaining​ ​students  in​ ​Indiana​ ​post-graduation.​ ​This​ ​grant​ ​supports​ ​TechPoint​ ​programs​ ​including:

  • Xtern​ ​​–​ ​Marketed​ ​as​ ​“The​ ​Ultimate​ ​Tech​ ​Internship,”​ ​Xtern​ ​targets​ ​tech-skilled​ ​college  upperclassmen​ ​for​ ​a​ ​ten-week​ ​paid​ ​internship​ ​in​ ​an​ ​Indianapolis​ ​tech​ ​or​ ​tech-enabled  company.​ ​Since​ ​its​ ​launch​ ​in​ ​2014,​ ​Xtern​ ​has​ ​facilitated​ ​415​ ​internship​ ​experiences​ ​in  83​ ​local​ ​employers​ ​for​ ​students​ ​from​ ​50​ ​universities​ ​and​ ​28​ ​states.​ ​Prior​ ​to  participating​ ​in​ ​Xtern,​ ​only​ ​17​ ​percent​ ​of​ ​participants​ ​reported​ ​that​ ​they​ ​were​ ​likely​ ​to  choose​ ​a​ ​career​ ​in​ ​Indy;​ ​after​ ​Xtern,​ ​that​ ​number​ ​grew​ ​to​ ​73​ ​percent.​ ​Only​ ​30​ ​percent  of​ ​participants​ ​had​ ​a​ ​positive​ ​impression​ ​of​ ​Indy​ ​before​ ​the​ ​program.​ ​Most​ ​had​ ​no​ ​real  impression​ ​of​ ​Indy​ ​and​ ​its​ ​tech​ ​ecosystem.​ ​But​ ​after​ ​participating​ ​in​ ​Xtern,​ ​97​ ​percent  report​ ​a​ ​positive​ ​view.
  • Xtern​ ​Bootcamp​​ ​–​ ​Launched​ ​in​ ​2016,​ ​Xtern​ ​Bootcamp​ ​equips​ ​college​ ​undergraduates  from​ ​Indiana​ ​with​ ​short-term​ ​technical​ ​education​ ​and​ ​assists​ ​them​ ​in​ ​gaining​ ​insights  into​ ​Indianapolis​ ​through​ ​group​ ​social​ ​and​ ​civic​ ​experiences.​ ​Indiana​ ​natives​ ​and  students​ ​attending​ ​universities​ ​in​ ​Indiana​ ​get​ ​priority​ ​access​ ​to​ ​this​ ​program​ ​in​ ​order  to​ ​intentionally​ ​equip​ ​and​ ​retain​ ​regional​ ​talent.

“TechPoint​ ​and​ ​its​ ​programs​ ​are​ ​remarkably​ ​successful​ ​in​ ​attracting​ ​talented​ ​college​ ​and  university​ ​students​ ​to​ ​Indianapolis’​ ​tech​ ​sector,”​ ​said​ ​Sara​ ​B.​ ​Cobb,​ ​Lilly​ ​Endowment’s​ ​vice  president​ ​for​ ​education.​ ​“By​ ​connecting​ ​them​ ​with​ ​Indianapolis​ ​tech​ ​companies​ ​and​ ​all​ ​that​ ​the  city​ ​has​ ​to​ ​offer,​ ​TechPoint​ ​is​ ​helping​ ​to​ ​build​ ​the​ ​city’s​ ​national​ ​reputation​ ​as​ ​an​ ​emerging​ ​tech  center.”

“I​ ​think​ ​the​ ​program​ ​creates​ ​economies​ ​of​ ​scale​ ​that​ ​we​ ​wouldn’t​ ​otherwise​ ​have,”​ ​Matt​ ​Tyner,  vice​ ​president​ ​of​ ​finance​ ​and​ ​operations​ ​at​ ​SmarterHQ,​ ​said.​ ​“For​ ​the​ ​number​ ​of​ ​applicants  TechPoint​ ​gets,​ ​they​ ​do​ ​a​ ​very​ ​good​ ​job​ ​of​ ​vetting​ ​those​ ​people,​ ​so​ ​on​ ​the​ ​Xtern​ ​Finalist​ ​Day,​ ​we’re  picking​ ​from​ ​the​ ​cream​ ​of​ ​the​ ​crop.​ ​​ ​That​ ​saves​ ​us​ ​a​ ​ton​ ​of​ ​time​ ​and​ ​guarantees​ ​the​ ​program​ ​a  higher​ ​success​ ​rate​ ​because​ ​the​ ​people​ ​that​ ​come​ ​work​ ​for​ ​us​ ​as​ ​Xterns​ ​are​ ​great​ ​people​ ​and​ ​very  talented​ ​hires.”

“At​ ​High​ ​Alpha​ ​and​ ​our​ ​portfolio​ ​companies,​ ​we​ ​rely​ ​heavily​ ​on​ ​the​ ​TechPoint​ ​Xtern​ ​and​ ​Indy​ ​Tech  Fellowship​ ​programs​ ​to​ ​help​ ​us​ ​source​ ​entry​ ​level​ ​talent​ ​for​ ​our​ ​teams,​ ​“​ ​MT​ ​Ray,​ ​vice​ ​president​ ​of  talent​ ​at​ ​High​ ​Alpha,​ ​said.​ ​“TechPoint’s​ ​programs​ ​allow​ ​us​ ​to​ ​choose​ ​from​ ​a​ ​carefully​ ​curated​ ​pool  of​ ​top​ ​talent,​ ​making​ ​the​ ​process​ ​much​ ​more​ ​manageable​ ​from​ ​our​ ​end.​ ​Our​ ​companies​ ​are​ ​small,  and​ ​don’t​ ​have​ ​the​ ​resources​ ​to​ ​source​ ​and​ ​screen​ ​applicants​─​these​ ​programs​ ​are​ ​a​ ​lifesaver.”

“Our​ ​company​ ​had​ ​one​ ​Xtern​ ​each​ ​of​ ​the​ ​last​ ​two​ ​years​ ​and​ ​plans​ ​to​ ​have​ ​two​ ​next​ ​year,”​ ​Eric  Sendelbach,​ ​chief​ ​technology​ ​officer​ ​at​ ​MOBI,​ ​said.​ ​“The​ ​talent​ ​level​ ​of​ ​our​ ​first​ ​Xtern,​ ​an​ ​Ohio  State​ ​University​ ​student,​ ​was​ ​nothing​ ​short​ ​of​ ​remarkable.​ ​To​ ​be​ ​honest,​ ​I​ ​wasn’t​ ​even​ ​aware​ ​this  level​ ​of​ ​talent​ ​existed​ ​at​ ​the​ ​intern​ ​level.​ ​He​ ​was​ ​assisting​ ​to​ ​train​ ​and​ ​mentor​ ​the​ ​rest​ ​of​ ​our​ ​intern  class.​ ​That​ ​intern​ ​recently​ ​became​ ​a​ ​full-time​ ​hire.”

To​ ​learn​ ​more​ ​about​ ​TechPoint’s​ ​talent​ ​initiatives,​ ​visit​ ​​http://techpoint.org/x​.

About​ ​TechPoint  TechPoint​ ​is​ ​the​ ​nonprofit,​ ​industry-led​ ​growth​ ​initiative​ ​for​ ​Indiana’s​ ​technology​ ​companies​ ​and  overall​ ​tech​ ​ecosystem.​ ​The​ ​team​ ​is​ ​focused​ ​on​ ​attracting​ ​talent,​ ​accelerating​ ​scale-up​ ​companies,  activating​ ​the​ ​community,​ ​and​ ​amplifying​ ​stories​ ​of​ ​success.​ ​TechPoint​ ​is​ ​an​ ​economic  development​ ​initiative​ ​of​ ​the​ ​Central​ ​Indiana​ ​Corporate​ ​Partnership​ ​(CICP),​ ​which​ ​advances​ ​the  region’s​ ​continued​ ​prosperity​ ​and​ ​growth.​ ​For​ ​more​ ​information,​ ​please​ ​visit​ ​​http://www.techpoint.org​.