AgriNovus Indiana has released a study that analyzes the Indiana agbiosciences entrepreneurial ecosystem. The study suggests Indiana needs to step up its entrepreneurial community, culture and infrastructure in order to be “home to unparalleled agbioscience talent and innovation.”
The organization says it commissioned the study to better understand the environment needed for innovation and entrepreneurship to thrive in Indiana. The study is titled The Entrepreneurial Ecosystem for Agbiosciences in Indiana and was conducted by EntreWorks Consulting and Innovation Policyworks.
Findings also included that Indiana innovation and entrepreneurship flourish with the presence of key institutions, such as Purdue University and Indiana University, and major agbiosciences employers such as Corteva Agriscience, Elanco, Beck’s Hybrids, Clabber Girl, Ag Alumni Seed, United Animal Health, among others.
The study says these anchor institutions are increasing new innovation and technologies, and empower the state to host a robust base of technical and scientific talent focused on the agbiosciences.
“Indiana has succeeded in developing a strong ‘entrepreneur-friendly’ business environment by providing support tools and creating effective networks throughout the state,” said Beth Bechdol, president and chief executive officer of AgriNovus Indiana, in a news release. “This study provides us and our statewide partners with a fair evaluation of our current entrepreneurial ecosystem and support systems. More importantly, it also gives us a roadmap to achieve one of our most important missions – to inspire an entrepreneurial mindset and accelerate early-stage companies.”
To view the full study, click here.