With a $38 million grant from Lilly Endowment Inc. donation behind it and a $120 million development partnership with Indianapolis-based Browning Investments LLC gaining traction, the vision for 16 Tech in Indianapolis is taking shape. Chief Executive Officer Bob Coy says the innovation district on the city’s near northwest side fully displays the spirit of collaboration among public, private and philanthropic stakeholders, a characteristic he says sets Indianapolis apart. "It truly is a competitive differentiator" that Coy says is lacking in other cities. In an interview with Inside INdiana Business Multimedia Journalist Mary-Rachel Redman, Coy said plans call for amenities, space and support for innovators of all sizes.
"Truly game-changing innovation occurs at the intersection of life sciences, computer sciences, engineering and physics and 16 Tech will be a place that creates opportunities for collaboration across those industries and those disciplines, which will be truly unique," he said. Coy added it will be attractive to multiple generations, particularly Millennials, and everything from startups to established corporations. He says 16 Tech’s offerings will include "labs for life science startups, coworking space, maker space for prototype development, event space, parks, public art, access to public trails for biking and walking, retail, restaurants, and housing. We are building a live, work, play community here that will stand out globally as a magnet for talent."
The 60-acre site’s planners expect 16 Tech to create over 2,600 jobs in the course of a decade. You can connect to more about 16 Tech by clicking here.