Indianapolis-based TechPoint is giving more than 20 Indiana tech companies the chance to meet with investors from throughout the country Friday at the 2016 Mira Awards Winners’ Circle event at the Indianapolis Motor Speedway. TechPoint Chief Executive Officer Mike Langellier tells Inside INdiana Business out-of-state investors continue to see the growth of tech companies in Indiana, leading to an increase in investment over the past few years.
The companies, which include Mira Award winners from this year and previous years, along with companies in TechPoint’s Tailwind program, will have the opportunity to give one-minute pitches to the investors as a whole. Then, each company will take part in a "speed dating" round, which will be a series of 20 minute individual meetings with investors.
The investors include venture capital and private equity firms, angel investors and investment banks. Langellier says many factors have been working to the benefit of Indiana tech companies.
"In Indiana, tech companies had almost $240 million in venture capital announcements last year so we continue to hope and see that activity increasing," says Langellier. "The interest from these firms in participating in this event was because in one day they could see 30 companies, which is a really efficient use of their time."
One of the investors attending the event, Lewis & Clark Ventures, recently led the funding of Indianapolis-based health tech company Springbuk. Langellier says that announcement is a great example of out-of-state companies who are already investing into Indiana’s tech ecosystem.
Langellier says at its core, the Winners’ Circle event is about relationship building, which can take time, but can pay off in the long term.
Langellier says interest in Midwest investment has increased over the past few years for a variety of reasons.