'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

    • Benefits Of The 'Somewhere Between 4-40 Hour' Work Week

      Burnout. Retirement. Altered work schedules--so many conversations about this of late. Tim Ferriss of course has his 4-hour work week. If you haven't read the book, (I'd be shocked if you haven't by now), it's worth a quick read. However, as much as it's lovely to consider, I don't really think a 4-hour work week is feasible for most of us--unless we are an ex-POTUS, Brad Pitt or Tim Ferriss. On the other end of the spectrum, we have the 40-hour (or more) work week.

    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

    • Benefits Of The 'Somewhere Between 4-40 Hour' Work Week

      Burnout. Retirement. Altered work schedules--so many conversations about this of late. Tim Ferriss of course has his 4-hour work week. If you haven't read the book, (I'd be shocked if you haven't by now), it's worth a quick read. However, as much as it's lovely to consider, I don't really think a 4-hour work week is feasible for most of us--unless we are an ex-POTUS, Brad Pitt or Tim Ferriss. On the other end of the spectrum, we have the 40-hour (or more) work week.

    • Fishers Sports Complex Moves Forward

      The Fishers City Council has approved the development of a more than 500,000 square-foot sports complex. Our partners at WTHR-TV report construction on the nearly $75 million project could begin as early as this fall. The Fishers Sports & Entertainment Complex is set to be located near the intersection of 136th Street and Olio Road. 

    • 'Unprecedented' Growth Drives Jayco Expansion

      Jayco Inc. has announced what it calls a new "mega-facility" planned at its Middlebury campus. The recreational vehicle manufacturer says the 237,000 square-foot operation will create approximately 300 jobs. Officials expect to break ground late next month. The new facility will house two additional Jay Flight travel trailer lines and help boost efficiency for other brands. Jayco was acquired in late 2016 by Elkhart-based Thor Industries (NYSE: THO) for $576 million.

    • Sun King Unveils Carmel Distillery Details

      Sun King Brewing Co.'s co-founder and head brewer says, if weather cooperates, its $4 million distillery in Carmel could open in April. Dave Colt says the facility will use a 250-gallon still to craft spirits including artisan moonshine, gin and rum. The distillery will also feature four food vendors, which the brewery says will be announced later. Colt says Carmel has invested a lot of time and money to "enhance our front door," which overlooks the...

    • Collective Alternative Hires Misencik as Director

      Indianapolis-based Collective Alternative, a full-service marketing, advertising and public relations firm, has hired Nicole Misencik as director of client services. She previously worked for nine years as a meteorologist at WTHR-TV in Indianapolis.