New Name, First Contract For Defense Tech Institute

Posted: Updated:
IN3, formerly API, involves major defense, govermental, economic development and academic stakeholders from throughout the state. IN3, formerly API, involves major defense, govermental, economic development and academic stakeholders from throughout the state.
INDIANAPOLIS -

Indiana Innovation Institute, formerly known as the Applied Research Institute, is kicking off a rebranding with the announcement of its first contract. The $2.3 million trusted microelectronics collaboration with Purdue University also includes researchers and personnel from the Crane Naval Surface Warfare Center, Indiana University and the University of Notre Dame. The work involves rapid development of counterfeit-resistant technology that is immune to global attacks for the U.S. Department of Defense and industry stakeholders.

In an interview with Inside INdiana Business, IN3 Chief Executive Officer Gene Renuart says the new brand puts the state at the forefront and keys on the three words in the new name. "We wanted to describe that this was an entity that was really focused on not only the research, but producing then, something from that that had real value either to the defense world or to industry or to individual consumers," he said.

He adds it "demonstrates the state’s ability to bring together an all-star group of leaders, top researchers and talent in government, industry and academia, along with a streamlined approach to drive applied research in a new direction. Our resources and partnerships allow us to work on projects that push the pace of innovation to achieve faster solutions that impact people’s lives. In addition, the opportunities for regional economic development offer great promise to benefit the I-69 corridor and Indiana as a whole."

IN3 says trusted microelectronics are integrated into "virtually all military products" -- a $189 billion commercial industry. The institute was launched following a $16.3 million investment from the Indianapolis-based Lilly Endowment Inc. as part of a $42 million effort to boost economic development activity in southwest central Indiana. Last year, the burgeoning institute detailed a two-year, $3.5 million focus on microelectronics. Renuart tells Inside INdiana Business he sees opportunities in technologies like electro-optics, hypersonics and sensor and data fusion. "Our role is to really look for those competitive opportunities that can bring Indiana's strengths to bear, coordinate amongst the partners to create a coalition, if you will, that is hard to replicate anywhere else," he said "and then go out and make the case that Indiana is a great place to bring that because of it's capacity in follow-on activities after the research is done, after the prototyping is done to be able to incubate businesses that will be good for the state, as well."

Purdue President Mitch Daniels, who is part of the IN3 board says "there is an obvious need in this country for more security in our electronics, especially those used in our national defense. Purdue is a global leader in nanoscale modeling, microelectronics fabrication, and cybersecurity. When we combine our strengths with those of our capable partners at Indiana University, Notre Dame, and Naval Surface Warfare Center, Crane Division, I have no doubt that we will soon come up with innovative solutions to this problem."

The nonprofit institute is set up to bring top stakeholders from government, military, industry and academia together with NSWC Crane. You can connect to more about IN3 by clicking here. The main IN3 office is in Indianapolis, but the organization has a presence at the WestGate Academy Conferencing and Training Center in Odon and on the Purdue and IU campuses in West Lafayette and Bloomington.

In an interview with Inside INdiana Business, IN3 Chief Executive Officer Gene Renuart says the new brand puts the state at the forefront.
  • Perspectives

    • How Well Are You Tracking Your Marketing?

      One of the first metrics business owners learn about is return on investment, or ROI. Earning the highest possible ROI is critical when running a business. You make investments with the expectation that you’ll have something to show for them. So how's the ROI on your investment in marketing and advertising? If you’re like most business owners, your answer is something like "I think it's pretty good" or "things seem to be working."

    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!"

    • $13M Townhome Development Debuts in Carmel

      Indianapolis-based real estate developer Onyx and East has unveiled a $13 million luxury townhome development in Carmel. The Uptown at WestClay is set to hold its grand opening the first weekend in June.

    • Indy Dealership Owner Charged With Money Laundering

      An Indianapolis man is facing federal charges for allegedly laundering the proceeds of an international advance-fee scheme through his used car dealership. The U.S. Department of Justice says Tochukwu Nwosisi, the owner of Indyrides LLC, allegedly use the money for personal use and to purchase vehicles that were shipped to the scheme's perpetrators in Nigeria.

    • Despite Profit Increase, Shoe Carnival Predicts Store Closings

      Evansville-based Shoe Carnival Inc. (Nasdaq: SCVL) is reporting fiscal first quarter net income of $13 million, up from $8.2 million during the same period last year. Despite the increase, the company says it expects to close up to 25 stores throughout the fiscal year while adding three new locations.

    • Mecum Indy Auction Hits Record Sales

      The Mecum Auction's annual Original Spring Classic event at the Indiana State Fairgrounds set a record. The organization says overall sales grew 24 percent from the previous year, generating nearly $70 million. Mecum says 1,406 vehicles were sold at the auction with the highest-selling vehicle being a 2017 Ford GT that sold for $1.8 million.