Startup to Establish Crypto Mining Facility in Sullivan County

A Kentucky-based cryptocurrency startup is looking to transform a portion of the Merom Generating Station in Sullivan County into a crypto mining facility. AboutBit LLC says it is investing $50 million in the project, which will create up to 15 high-tech jobs with the potential for more once the facility is online.... Read More

TechPoint Says Funding Will Help Adults Enter Digital Workforce

TechPoint, the state initiative to grow Indiana’s technology ecosystem, has received a $750,000 gift from Microsoft Philanthropies to help upskill career-changing adults who want to enter the tech workforce. The nonprofit says the funding will allow it help guide adults towards skills-focused training, as opposed to a traditional college degree.... Read More

Indy AgTech Startup Secures Seed Round

An Indianapolis-based agtech startup has closed on a $1.3 million seed round of funding. Smart Apply Inc., which has developed a precision spray system designed to reduce pesticide use and costs, says it will use the funding to further preparations for an upcoming Series A round.... Read More

Ed Tech Game Firm Receives $1M in Research Funding

A West Lafayette-based startup that makes science-focused games for elementary-age students has received $1 million in Small Business Innovation Research funding from the National Science Foundation. Explore Interactive, which markets its MindLabs interactive games, has also been awarded $75,000 from Elevate Ventures through the SBIR/STTR Phase II Matching Program.... Read More

PODCAST: ‘We are Seed and Only Seed’

Farmers make decisions every day and while variables change year in and year out, one thing remains constant: it all starts with seed. In this week’s Agbioscience podcast presented by AgriNovus Indiana, AgReliant Genetics Chief Executive Officer Paul Nselel explains the Westfield-based company’s focus on genetics and seed production.... Read More

Purdue, Ivy Tech Partner on Microelectronics

Purdue University and Ivy Tech Community College are teaming up to boost the microelectronics workforce. The schools have inked an agreement they say will provide collaborative educational opportunities for microelectronics faculty and students while also exploring ways to attract talent.... Read More

Saab Prepares for Jet Manufacturing in West Lafayette

Years in the planning and development, a major portion of the next generation fighter training jet for the U.S. Air Force will be coming off the assembly line in West Lafayette in 2023. Executives from The Boeing Co. (NYSE: BA) and Sweden-based Saab last week rolled-out the first T-7A Red Hawk advanced trainer at a ceremony in St. Louis. Workers at Saab’s facility near Purdue University will manufacture the aft section of the aircraft and then ship it to the Boeing plant in St. Louis for final assembly.... Read More

Biotech Firm Completes $1.6M Seed Round

West Lafayette-based Novilytic LLC has completed a $1.6 million seed round with support from the Purdue Foundry and Elevate Ventures. The biochemistry analytics company, which is headquartered at the Purdue Research Park, says it protects and secures lifesaving drugs through the use of nanotechnology.... Read More

Solinftec Secures $60M ‘Bridge’ Funding Round

West Lafayette-based Solinftec has closed on a $60 million growth investment round. The company, which has developed a farm operations management software platform, says it will use the funding to grow the platform as it plans for future expansion. Solinftec's software is designed to use artificial intelligence to analyze real-time data on crops, equipment, weather and other factors to help farmers address key issues in a more efficient and sustainable manner.... Read More

Indy Software Startup Wins New Venture Competition

An Indianapolis-based startup took home the $50,000 grand prize in the McCloskey New Venture Competition at the University of Notre Dame. Chuqlab Inc. has developed CrimeMiner, a software platform that transcribes audio and video files relevant to criminal investigations, such as jail phone calls and body cam footage.... Read More

IPS, Fishers Startup to Partner

Indianapolis Public Schools is teaming up with a Fishers-based education tech company. The district says the partnership with AfterSchool HQ aims to increase access to extracurricular after-school activities for students throughout the city.... Read More