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

    • Look What's Coming: Tax Reform!

      President Trump and Congress are focused on completing a tax bill prior to year-end. Unfortunately, their timing may require quick action to implement a tax strategy in 2017 that can take advantage of the 2018 changes. What's a taxpayer to do?

    More

Events



  • Most Popular Stories

    • Look What's Coming: Tax Reform!

      President Trump and Congress are focused on completing a tax bill prior to year-end. Unfortunately, their timing may require quick action to implement a tax strategy in 2017 that can take advantage of the 2018 changes. What's a taxpayer to do?

    • Purdue Approves Flat Room And Board

      For the sixth consecutive year, Purdue University says students on its West Lafayette campus will see no room and board rate increase. Purdue says, paired with a continued tuition freeze, the total cost of attending the school will be less in 2019 than it was in 2012. Room and board will also remain flat at Purdue University Northwest-Hammond for the third straight year. The school says room rates at Purdue University Fort Wayne will reflect market prices, but will see an overall...

    • Minnesota Company Planning $62M Fort Wayne Investment

      Plans for a nearly $62 million private, mixed-use development have been announced for the Fort Wayne riverfront. The seven-story project will be located next to Promenade Park, which is currently under construction and is one of the signature pieces of the downtown resurgence. Plans from Minnesota-based Continental Property Group include 150 apartments, 20,000 square-feet of retail space and more than 1,000 parking spaces.

    • Investment Scheme Lands Crooked Businessman in Prison

      A former Indiana resident convicted of bilking nearly $1 million from investors has been sentenced to seven-and-a-half years in federal prison. The office of United States Attorney Josh Minkler says Larry Westby, who has pleaded guilty to charges that include wire and securities fraud, made bogus claims about the financial shape of his respiratory therapy business.

    • Lebanon Manufacturer to Celebrate Expansion

      Lebanon-based Shark-Co Manufacturing will Monday afternoon cut the ribbon on its expanded manufacturing facility in Boone County. The Boone County Economic Development Corp. says the project was completed with the help of its microloan program.