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

    • A Good 'Space' is About More Than Design

      Spaces Indiana, a competitive design showcase of innovative workspaces in Indiana, recently celebrated five winners from its 2017 pool of candidates, including MOBI, greenlight.guru, Flaherty & Collins, Mimir, and Bradley & Montgomery. These winners were chosen from dozens of forward-thinking, innovative companies who understand that workplace design is critical to realizing success. Attending the Spaces event brought back memories of my first job out of college.

    More

Events



  • Most Popular Stories

    • Indy Company Acquires Denton Pharma

      An Indianapolis-based pharmaceutical repackaging and fulfillment company has acquired New York-based Denton Pharma Inc. Financial details were not disclosed, however Northwind Pharmaceuticals says Denton will continue its operations in the northeast.

    • 'Best and Brightest' Finalists Unveiled

      Junior Achievement of Central Indiana has unveiled its list of "Indy's Best and Brightest" finalists. The event honors 100 of the area's "most outstanding young professionals" in central Indiana under the age of 40 in 10 industries including technology, manufacturing and government.

    • Technicolor Details Indy Layoffs

      California-based Technicolor Inc. says it will close its office on the north side of Indianapolis by the end of the year. In a notice to the state, the company says the closure will leave 95 employees out of work. 

    • Hoosier Cities 'Lowest Cost of Living' List

      Three communities top a national list of Cities with the Lowest Cost of Living in America. Niche.com, a site that focuses on public data on schools and neighborhoods, ranks four Indiana cities in the top 20. The site bases the rankings on factors including consumer price index and access to affordable housing, using data from the U.S. Census and the Bureau of Labor Statistics. You can see the full rankings by clicking here. The top 20 are...

    • The page you requested is currently unavailable. Pages on this site are constantly being revised, updated, and occasionally removed. You may have followed an outdated link or have outdated pages in your