[UPDATED] Entrepreneurs Turning to Business Incubators

A recent national study found U.S. incubator/research park programs have grown 8 to 10 percent annually over the past five years and Indiana has been part of that boost.

Source: Inside INdiana Business

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Purdue Research Park

-In 2007, PRP had about 150 companies that employed about 3,200 people and about 307,000 square feet of incubation space.

-In 2010, PRP has nearly 200 companies that employ about 4,000 people statewide and have about 500,000 square feet of incubation space for startups and growing companies.

-In February, PRP announced a 50 percent increase in new companies based on Purdue University technology for the last fiscal year. The number went from 8 to 12 in startup creation.

-Dedicating its new Dow AgroSciences life sciences partnership in the fall that will create more than 50 new high-tech jobs.

-Dedicating a 12,000-square-foot expansion to the Purdue Research Park of Northwest Indiana this summer.

-In 2009, two California high-tech companies, Scale Computing (IT) and Windstream Technologies (urban-based windmills to support alternative energy) relocated to Indiana and moved into Purdue Research Park in Indianapolis and New Albany.

WestGate Tech Park Job Growth in Crane, Ind.

-Announced May 11 the creation of 35 new jobs and addition of 17,000-square-feet of lab space through its URS Corp. Company currently employs 240 technology professionals to NSWC Crane and related contracts.

-More than 100,000 square feet of all-new lab, commercial, office and mixed use space has been developed at the site since 2007.

-In 2010 plans include construction of a multi-use 60,000 training center that will be capable of hosting national and international technology conferences associated with the $2 billion Naval Surface Warfare Center (NSWC) in southern Indiana. Two other new mixed-use facilities totaling more than 50,000 sq. ft. are also set to break ground in early 2010.

Fort Wayne

Northeast Indiana Innovation Center, www.niic.net

-In March, officials announced a growth of 20 news jobs through IntelliTek, a software development company that launched a business social networking product

South Bend

Innovation Park at Notre Dame, http://www.innovationparknd.com

-In May, officials announced two new client companies - Innovation Park at Notre Dame Welcomes Two New Client Companies : SlipStream, LLC (hybrid vehicle system) and RemSense, Inc. (Web-based tool to boost education in science, technology, engineering and mathematics).

-In February, Innovation Park announced a new greenhouse client – Road to Fondwa LLC.

Indiana University Emerging Technologies Center

-Companion Diagnostics, a startup that performs screening for new biotech products, plans to move assets from Connecticut to Indianapolis to create a $15.5 million facility with 30 new high-tech jobs. Companion Diagnostics works out of the Indiana University Emerging Technologies, a business incubator near the Indianapolis Downtown Canal.

Source: Purdue Research Foundation