The Indiana Economic Development Corp. is partnering with San Francisco-based Startup Genome to study the state’s entrepreneurial climate for startups. The company is a research and policy advisory organization focused on the startup ecosystem.
The IEDC says Genome uses a combination of global datasets and survey data to analyze Indiana’s business climate for startups and early-stage enterprises.
“Entrepreneurial ecosystems—the factors and actors supporting new businesses—are critical to our state’s economic development tool belt,” said Julie Heath, vice president of entrepreneurial ecosystems for the IEDC. “New businesses are leading indicators of GDP growth in communities across Indiana and account for the majority of net-job growth.”
Heath says Startup Genome will create benchmarks against peer and top global startup ecosystems and examine opportunities and weaknesses.
The IEDC says the analysis will help guide state and local leaders on how best to deliver entrepreneurial resources.