Allegion Ventures President Sees Potential for IoT in State

Posted: Updated:
Rob Martens is president of Allegion Ventures. Rob Martens is president of Allegion Ventures.
INDIANAPOLIS -

Indianapolis-based Allegion Ventures, the venture capital arm of Allegion plc, has added more innovative companies to its investment portfolio: Boston-based HqO, Robin Powered Inc. and Pindrop. In a segment for Inside Indiana Business, Allegion Ventures President Rob Martens tells Gerry Dick about how new additions and tech trends are creating opportunities in Indiana.

“We see an incredible amount of innovation in this IoT space. Lots of digital and physical convergence, which creates tons of opportunities in the market,” says Martens.

The global security company is expanding its reach by investing in the three firms from a $50 million venture fund founded by its chief executive officer. The goal of the fund was to seek out innovative companies who also saw value in digital technology and Internet of Things. 

Martens says he thinks Indiana is perfectly positioned to take advantage of IoT.

"I think the 'Internet of Things' or sometimes you might even hear 'industrial IoT' is right in the sweet spot for a state like Indiana. We have people who really understand how to build physical things and we build them well. When we see things really start to merge software, digital technology and hard tech sometimes the water gets a little frothy but with the help of companies and partners, people like High Alpha that are introducing software into the community entities like Techpoint, we start to see a convergence of people who understand not only the app side of software but the brains, the firmware, the embedded software that allows those two things, the app and the hardware, to work together seamlessly."

  • Perspectives

    • Invest In Talent Earlier, A Proven Solution For Indiana’s Future Workforce

      As ever-changing technology and workforce needs continue to outpace advances in the classroom, the skills gap has become a widely discussed topic in the business community. Do we have the talent to fill these jobs of the future? While dialogue is important, the skills gap challenge requires real action and collaboration – most importantly, between the education and business communities. By equipping students with the skills that will be valuable to them in the future workforce...

    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

    • (photo courtesy Paoli Peaks)

      Indiana Ski Resort Included in Sale

      Paoli Peaks in Orange County is one of many ski resorts across the country being sold to Vail Resorts, Inc. of Broomfield, Colorado. The company has agreed to purchase 100 percent of the outstanding stock of Peak Resorts, Inc (Nasdaq: SKIS). The purchase price of $11 per share is subject to conditions and regulatory review, and Peak Resorts' shareholder approval.  

    • Myers: Cummins Deal Has Phone Ringing in Greenwood

      Columbus-based Cummins’ decision to locate a $35 million digital and IT hub in Greenwood is expected to bring more than 500 jobs, with average annual salaries in excess of $100,000 to the Johnson County city. But Mayor Mark Myers says the impact will extend far beyond the high tech center. Myers says the announcement has triggered increased interest in Greenwood from companies that could diversify the city’s corporate base. "To have Cummins come to Greenwood...
    • (rendering courtesy of our partners at The Herald Bulletin)

      Feds Put Brakes on Anderson Bus Terminal Project

      Plans to build a new bus terminal in downtown Anderson are on hold for now because the federal government is requiring a third environmental impact study.  Our partners at The Herald Bulletin say the city hoped to open the new terminal next February. Now it appears the bus transit center will not be completed until the summer of 2020. Anderson Mayor Tom Broderick told the publication an outhouse was discovered during the Phase 2 environmental study.  Old glass...

    • Photo courtesy of Kouts Health Care Inc

      Kouts Business Owner Indicted

      A Hoosier woman has been indicted for failing to submit payroll taxes at her two health care clinics, Kouts Health Care Inc. and Kouts Family Health Care Inc.  between 1999 and 2015. Kathy Lynch allegedly withheld payroll from her employees’ paychecks but failed to submit over $500,000 of the withheld taxes to the Internal Revenue Service. 

    • (photo courtesy of Conexus)

      Conexus Preparing Businesses for 'Industry 4.0'

      It's being called the next Industrial Revolution and Indiana's advanced manufacturing and logistics initiative is working to help Hoosier companies adapt. Conexus Indiana Chief Executive Officer Mark Howell says Industry 4.0 centers around technology adoption, migration and innovation and affects all industries fundamentally changing the way people live and work. In an interview with Inside INdiana Business, Howell said for Indiana to maintain its leadership position...