Ivy Tech Fort Wayne Awards New Venture Champion

Posted: Updated:
(photo courtesy of Ivy Tech Comm, College Fort Wayne) (photo courtesy of Ivy Tech Comm, College Fort Wayne)

A Fort Wayne manufacturer that created a tool for CNC machining shops took home top honors from 2019 New Venture Competition, hosted by Ivy Tech Community College Fort Wayne. Matt Anderson, founder of Anderson Manufacturing Inc., received $20,000 for his business.

Anderson Manufacturing Inc. specializes in the design and manufacturing of a “holding solution” called the Sierra Jaw. Anderson says the jaw allows machine shops to begin the machining process right away without the need to design specialized and complicated fixtures to hold parts during the manufacturing.

Anderson says his device helps small to medium machine shops remain competitive against larger manufacturing companies.

Anderson says with the $20,000 the New Venture Competition, he can expand operations by increasing his marketing budget and purchasing equipment that can help increase production.

“It means everything to have won this competition,” says Anderson. “Everything about entrepreneurship is incredibly difficult, and it can feel like all the odds are against you. But to have people who are willing to fund your company and invest in the future of entrepreneurship is incredibly special.”

He started the company in May 2018. Since then, it has sold more than 300 sets of Sierra Jaws.

Anderson beat out two other finalists in the pitch competition including a video production company and a startup barbeque company.

  • Perspectives

    • Ahh…Yes! Turning a Hot Mess into a Cool Breeze

      "Problems cannot be solved by the level of thinking that created them," is attributed to Einstein over 75 years ago. This still holds true, particularly in challenging communications. Many people address conflict at the level it was created by rehashing and building more evidence for their ‘side’ of an argument. Repeating a position tends to intensify the separation of people.



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • The IU School of Informatics, Computing and Engineering will now be named for Fred Luddy for his $60M gift. (photo courtesy James Brosher/IU)

      $60M Gift to IU, Second Largest in School History

      An Indiana University alumnus who founded the information technology firm, ServiceNow, has given his alma mater $60 million to establish an artificial intelligence center. The university says the gift from cloud-computing pioneer Fred Luddy is the second largest in the history of the IU.

    • POET ethanol co. announced in Aug 2019 it was closing the plant in Cloverdale. (photo courtesy: POET)

      Cloverdale Ethanol Plant Closes

      South Dakota-based POET LLC, the nation’s largest biofuels producer, is moving forward with a plan to shut down its biorefining plant in Cloverdale, leaving 50 Hoosiers without jobs effective Friday. The company tells Inside INdiana Business that it is not making any changes to the plans announced two months ago. 

    • The multi-year road project stretched from Bloomington to Indianapolis.

      I-69 Road Project Update

      The Indiana Department of Transportation has scheduled three public meetings for next week to update the community on the I-69 Section 6 road project.    Section 6 is an approximately $1.5 billion new interstate project stretching from Martinsville to I-465 in Indianapolis.

    • Chrissy Vasquez and Adam Ramsey

      Indy Reads Adds Staff

      Indy Reads Books has hired Chrissy Vasquez (pictured) as chief development officer to oversee marketing, development and the store. Also, Adam Ramsey (pictured) has been named manager of engagement, specializing in story telling through video and social media. Vasquez previously served as executive director and vice president of operations for Back on My Feet.  

    • Purdue Global Now Offers Analytics Degree

      The U.S. Bureau of Labor Statistics reports that jobs in the field of data analysis are projected to grow 26 percent over the next ten years. Acting upon that data, Indianapolis-based Purdue University Global has launched a new Bachelor of Science degree program in analytics.