'Magical' Event to Bring Innovators, Investors Together

Posted: Updated:
John McDonald is one of the organizers of inX3. John McDonald is one of the organizers of inX3.
INDIANAPOLIS -

One of the organizers of next week's inX3 says a big chunk of the four-day celebration of Indiana innovation will key on the "oxygen" driving tech sector growth: venture capital. ClearObject Inc. Chief Executive Officer John McDonald says scheduling two marquee events -- the Venture Club of Indiana's Innovation Showcase and TechPoint's Winners' Circle -- back-to-back creates a "one-ask" opportunity for investors. "Generally speaking, you've got to get on an airplane," McDonald says about innovators seeking venture capital in a state with a well-documented lack of it.

He says the number of potential investors expected to attend, plus the talent that will be on display will make the event "magical." McDonald says 40 different venture capital companies are slated to participate, joining what he calls "the best group I've ever seen" of innovative ideas at a statewide showcase. He credits past Innovation Showcases with two different rounds of funding that helped his company, then called CloudOne, grow. "Really, the oxygen of our business is capital," he tells Inside INdiana Business, "it's the thing that we're able to pour on good ideas and help them grow faster than they would normally so we can capitalize -- literally -- on a technology or innovation before it's obsolete. That's why capital is important and why it's important to our state is because we're not really good at this and it's time to do better at this, and now we've got an event that will help put the headlights on this, so hopefully, we can lift all the boats."

inX3 will run from June 13-16 and in addition to the Innovation Showcase and Winner's Circle will also feature FailFest at Launch Fishers and the Indy Civic Hack.

  • Perspectives

    • Truck Driver Supply Impacting Cargo Hauling Demand

      The U.S. unemployment rate has moved down to 3.9 percent, which is its lowest level since December 2000, according to the U.S. Bureau of Labor Statistics. Great news! Maybe not. There are business sectors that need employees due to constraints in the labor market - namely truck drivers. The level of employment in the truck transportation industry is essentially unchanged since mid-2015, according to the bureau. And the impact is being felt.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Triple XXX Root Beer Appears in Prime Time

      A soft drink that carries the name of an iconic West Lafayette restaurant has been featured on a national television series. In a message on the Triple XXX Family Restaurant's Instagram page, co-owner Carrie Ehresman said the recent appearance of Triple XXX Root Beer on NBC's "Chicago Fire" was not product placement. She said the show's producers reached out through the restaurant's website and "we weren't sure we'd make the final cut until it aired!"

    • Truck Driver Supply Impacting Cargo Hauling Demand

      The U.S. unemployment rate has moved down to 3.9 percent, which is its lowest level since December 2000, according to the U.S. Bureau of Labor Statistics. Great news! Maybe not. There are business sectors that need employees due to constraints in the labor market - namely truck drivers. The level of employment in the truck transportation industry is essentially unchanged since mid-2015, according to the bureau. And the impact is being felt.

    • Mark Sandy became Ball State's director of intercollegiate athletics in 2015.

      Ball State to Introduce Next AD

      Ball State University Monday will name a new director of intercollegiate athletics. Mark Sandy, who has served in the position for more than three years, announced his retirement in January. During Sandy's tenure, eight teams won Mid-American Conference league championships or division titles. Three new facilities projects have been completed during his time in Muncie...

    • The Impact of Technology on Economic Development Policy

      In a world where technology is enabling almost everything, economic development policy makers are faced with several challenges when planning and implementing strategies for economic growth. Communities, regions and states must be able to adapt programs and initiatives to address the economic disruption caused by technology. In particular, investments in tech and talent are vital to ensuring economic growth and wealth creation for residents and businesses throughout the world.

    • City of Fort Wayne Promotes Joyner to Director

      Cindy Joyner has been promoted to director of Fort Wayne's Community Development Division. She has served as deputy director of the division for the past 10 years. Joyner oversaw the Neighborhood Code Compliance Department and helped to enhance customer service and community outreach. She has worked for the city of Fort Wayne since 2002.