Agbioscience Movement Courting Young Talent to Fuel Growth

Posted: Updated:
INDIANAPOLIS -

Hamilton County-based Beck's Hybrids President Scott Beck is among a growing number of people who believe ag tech and the agbiosciences can be Indiana’s next big thing. Beck participated in last week's Forbes AgTech Summit in Indianapolis, the first time the high-profile event was held outside of California. "People are recognizing the assets that are in Indiana and that it is a hub of innovation when it comes to agriculture, particularly agbioscience." However, Beck says there is an important gap that needs to be bridged if success is to continue in what is now a $16 billion industry in the state. "Part of the effort of AgriNovus and really all of us in Indiana agriculture is to make awareness of the assets and the opportunities for young people."

In an interview on this weekend's edition of Inside INdiana Business with Gerry Dick, Beck talked about the potential for growth in the state’s agbioscience industry.

At the invitation-only Forbes summit, which attracted nearly 500 technology and agriculture industry players, Forbes Media Editor-In-Chief Steve Forbes said he believes Indiana can be a focus for investors and companies looking to grow in the agbioscience space. "People say 'oh, something is happening here in startups, maybe we should look at it,' so it builds on itself," said Forbes, in an interview with Inside Indiana Business reporter Mary-Rachel Redman.

In remarks at the event, Purdue University President Mitch Daniels said he is seeing signs that young people are getting more engaged in agriculture.  Daniels said student-led startups at Purdue have increased five-fold, and about one-third of those startups are ag-related.

  • Perspectives

    • Unmasking Accounting Data: Moving from Reporting to Being Strategic

      What story do our financial statements tell us this month and year, to date? This was the question that was always directed at us by a former manager.  He believed that financial statements tell the story of how a business is run and the direction it’s going. Most businesses publish their profit and loss statements, and balance sheets every month. These are the standard reports included in most reporting packages. Usually, the management tends to believe...
    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

    • Apartment Building Development Coming to Rushville

      A Knightstown company has announced plans to build four new apartment buildings in a $5.25 million development in Rushville. Villa Buildings will be built by KDC Investments, Inc on West 16th Street in Rushville.

    • The Mystery of Cancer in Firefighters: Two Indiana Researchers Uncover Clues

      There’s a lot of conjecture about cancer in the world of firefighting, but a crescendo of anecdotal—and scientific—evidence is driving two Indiana researchers to search for answers. 

    • BraunAbility Moving Global HQ to Carmel

      A manufacturer of wheelchair vehicles and wheelchair lifts in Pulaski County has announced plans to relocate its global headquarters to Carmel. BraunAbility says it will invest $7.5 million to move its HQ to the Lakeside Green Business Center and construct a new Research & Development and Technology Center. The Indiana Economic Development Corp. says the move will create up to 70 jobs in Hamilton County. The company says the investment will also boost its existing...

    • New Standard Deduction: Do you still Itemize?

      After years of itemizing deductions, many taxpayers will be taking the new larger standard deduction on their 2018 tax return. This may be a welcome change for some.  But for others, it may be time to rethink the strategy for expenses that were deductible.  The Tax Cuts and Jobs Act (TCJA) that passed in December 2017 increased the standard deduction effective for tax years beginning in 2018.  By increasing the standard deduction, a taxpayer’s taxable income is...

    • Indy Eleven Rallies For State Stadium Support

      Indy Eleven leadership, players and fans Thursday rallied at the Statehouse for support of a measure creating a public-private partnership to help fund a $150 million soccer stadium. Lawmakers are considering a measure that would allow the team to work with city leaders for two years on development plans for the venue, which would be funded by developer-backed bonds. In an interview with Inside INdiana Business Reporter Mary-Rachel Redman, team owner Ersal Ozdemir said the...