IN3 Sees Big Defense Industry Upside

Posted: Updated:
INDIANAPOLIS and ODON -

The chief executive officer of the Indiana Innovation Institute says his organization is an "enabler" for economic growth that can help the state tap into lucrative opportunities with the U.S. Department of Defense. General Gene Renuart, who retired from the U.S. Air Force as commander of the North American Aerospace Defense Command in Colorado, says billions of dollars of potential federal defense contracts for the private and public sectors are at stake and Indiana is in a position to capitalize. During an interview on Inside INdiana Business with Gerry Dick, Renuart said the DOD is committing about $10 billion over the next five years into research and development of trusted and assured microelectronic technology, an area IN3 is already exploring.

IN3 recently opened a new collaboration space at the WestGate@Crane Technology Park in Odon, which Renuart says can join together players in the defense, education and business worlds. "It's allowing us to bring (Naval Support Activity) Crane researchers outside the fence to meet with both university and industry researchers from across the state and in the region and collaborate on some challenges that the department has, but they really need access into the universities," he said. "We've got great space there -- about 9,500-square-feet as we build this out -- and it's really going to help us create some test facilities that don't exist today."

Renuart also discussed a new initiative that also plays to its industry-connecting mission called the INdiana Consortium for Advanced Technology Transition, which will tackle complex technical challenges in fields such as microelectronics, hypersonics and electronic warfare. He said "whether it's a small startup or traditional defense contractor, bring them together to brainstorm through some ideas and figure out how do we approach some of the tough problems that the department has." IN3, Renuart says, has existing partnerships with Indiana University, Purdue University, the University of Notre Dame, the University of Southern Indiana and Trine University.

You can connect to more about the Indiana Innovation Institute by clicking here.

  • Perspectives

    • Why HR Should Embrace AI

      With the increased introduction of artificial intelligence, many companies worry about its long-term effects. Although AI has been adopted by many industries, the common fear remains: Will AI eventually take over our jobs? Contrary to this belief, AI can be extremely beneficial in helping humans improve productivity at work,make their day-to-day tasks easier and allow more time for creative tasks only humans can perform. One department that can especially benefit from jumping on the...

    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

    • Fishers Among Finalists For National Prize

      The city of Fishers is one of 12 finalists for the Robert Wood Johnson Foundation Culture of Health Prize. The award honors "communities that are bringing partners together around a shared commitment to health, opportunity, and equity."

    • (photo courtesy of Howe Military Academy)

      Howe Military Academy to Close

      Howe Military Academy in LaGrange County has announced plans to close its doors after 135 years. In a letter posted on the academy's website, President Thomas Tate cited rising costs and declining in enrollment as reasons why the school will not reopen for the 2019-2020 academic year.

    • Greenwood CEO Named Small Business Person of the Year

      The chief executive officer of a Greenwood-based company has been named the 2019 Small Business Person of the Year for Indiana. U.S. Small Business Administrator Linda McMahon announced Monday this year's winners from all 50 states, the District of Columbia, Puerto Rico, and Guam. 

    • (photo courtesy of Subaru of Indiana Automotive)

      SIA Breaks Ground on Training Center

      Officials from Subaru of Indiana Automotive in Lafayette have broken ground on a new technical training center. The company says the 20,000-square-foot facility will double the size of its current training center. SIA did not say how much it is investing in the new facility. The technical training center will feature a simulated factor floor, up to six training robots, multiple assembly line simulators, classrooms, and a larger computer lab, among other amenities. 

    • Hanna believes crews could begin "turning dirt" in 2020.

      Hanna: South Shore Project Hits 'Major, Major Milestone'

      The president of the Northwest Indiana Regional Development Authority says the South Shore Line West Lake Corridor project will create a crucial "Hoosier gateway in Chicago." The more than $700 million project has received a positive project rating from the Federal Transit Administration, putting it a step closer to up to $440 million in federal funding. Bill Hanna says the rail extension will help Hoosier workers connect to jobs in Chicago that often pay more...