Entrepreneurship, Research Rising

Posted: Updated:
(Image Courtesy of Purdue Research Foundation) Klein and Reiko Illeji launched JUA Technologies International LLC, a solar powered crop-drying technology startup, with Purdue technology. (Image Courtesy of Purdue Research Foundation) Klein and Reiko Illeji launched JUA Technologies International LLC, a solar powered crop-drying technology startup, with Purdue technology.
WEST LAFAYETTE -

University officials throughout Indiana continue to tout the innovations being pumped out at their respective institutions. The Purdue Research Foundation is marking a record startup class, with Purdue patents spawning 27 startups. Indiana University has also been on a roll, attracting nearly $1 billion in research investments and notching a personal best for patents. The University of Notre Dame last month announced its second-highest research funding total ever, receiving $128 million.

PRF President Dan Hasler tells Inside INdiana Business the entrepreneurship climate statewide is trending higher. "The fun thing to see and watch, I believe that at Purdue and, frankly, in Indiana as well, we're seeing a lot more activity in corporate startup creation, in general. But I think it's with a Midwestern flavor. We in the Midwest, we build things, you know, we create things that run and operate." As a result, Hasler says startups and innovators tend to branch out from manufacturing, engineering, robotics, home design and maintenance.

In an interview last weekend on Inside INdiana Business Television, IU President Michael McRobbie said high levels of research activity can spur job creation and attract top students and faculty. "The patents and the innovations turn into startups, last year, seven new startups on top of five the year before, so there's no a constant flow of startups coming out of Indiana University and all of that leverages the intellectual talent on our two major campuses." The Indiana University Research and Technology Corp. says the U.S. Patent and Trademark Office issued a record 53 patents last year based on IU discoveries.

Though down slightly from 2015, Notre Dame's research funding totals were still near-record levels. Vice President for Research Robert Bernhard said "this was another strong year for Notre Dame Research and it reflects the talents of our faculty and students. Due to their hard work and great achievements, we are celebrating another successful year for research funding and finished strong with the highest month of funding - nearly $23 million in June - in the University’s history." The school's areas of research cut across a wide range of fields, including cancer, computational data science and engineering, global health, nanotechnology and turbomachinery propulsion.

  • Perspectives

    • The Evolution of Business: From Bottom Line to Value Creation And Impact

      In today's world, consumers want to know how corporations, as a whole, are taking a stand. In fact, customers are 43 percent more likely to purchase a product from a company they know is committed to social value. It's not just consumers pushing this trend. Financial service industry leaders, like KeyBank's Beth Mooney and BlackRock's Larry Fink, are challenging business owners and the C-Suite to rethink their economic impact, environmental footprint and social conscience.

    More

Events



  • Most Popular Stories

    • St. Vincent Announces Layoffs

      St. Vincent Health says it has laid off 85 employees throughout the state. In a statement to Inside INdiana Business, St. Vincent cites a rapidly-evolving healthcare environment as a reason for the workforce reduction. 

    • Indy Firm Taps Appirio Exec as CEO

      An Indianapolis-based design and innovation consulting firm has named a new chief executive officer. Studio Science says Steve Pruden, who most recently served as senior vice president of human resources with Indy tech company Appirio, will lead the company.

    • The work is expected to be complete by August 2020.

      Jasper Company Earns Military Contract

      Jasper-based Krempp Construction has earned a nearly $17 million military contract. The deal involves the construction of new buildings at Naval Support Activity Crane in southern Indiana, as well as the demolition of 11 buildings. The contract with the U.S. navy calls on Krempp to construct a shipping and receiving building, as well as an ammunition production building for plating metal munition parts. The deal also involves railroad, utility, lighting, infrastructure and...

    • Governor Eric Holcomb will be the keynote speaker at this week's event.

      Holcomb to Make FFA Announcement

      Governor Eric Holcomb will Monday join officials from the National FFA Organization and AgriNovus Indiana to make an announcement regarding this year's National FFA Convention & Expo in downtown Indianapolis. The FFA says the announcement will impact 650,000 student members nationwide.

    • Fishers to Break Ground on 'The Yard'

      Officials will Thursday break ground on a $110 million culinary and entertainment hub in Fishers. When complete, The Yard at Fishers District will feature restaurants and a culinary accelerator, in addition to hotel, residential and retail space.