Engineering nonprofit opens Odon office
A Massachusetts-based nonprofit engineering innovation company is expanding into Indiana. Draper on Tuesday announced the opening of a new office at the WestGate@Crane Technology Park in Odon.... Read More
Tech
Pharma tech startup makes commercial launch
West Lafayette-based pharma-technology startup Novilytic LLC has made its commercial product launch and announced plans to expand to a second location in the Indianapolis area, while also growing its staff. The young company developed technology that provides pharmaceutical companies with a real-time alert if a batch of drugs under development is contaminated.... Read More
Studio Science lands growth investment
Indianapolis-based Studio Science has secured a growth capital investment. While a specific dollar amount was not disclosed, the firm said Tuesday the funding will be used to expand its core business areas and add dozens of jobs over the next several years.... Read More
Computer chip funding to require security, worker benefits
The Commerce Department is opening applications for computer chip manufacturers to access $39 billion in government support to build new factories and expand production. All companies seeking funds will need to show how they plan to develop a local workforce.... Read More
Students use competition to solve Colts data challenge
Butler University has unveiled the winners of the annual Crossroads Classic Analytics Challenge, which saw teams from Butler, Indiana University, Purdue University and the University of Notre Dame work to solve a real-world challenge using data. ... Read More
Fiber project completed in Floyd County
Indiana-based Mainstream Fiber Networks on Monday announced the completion of a multi-year fiber project in Floyd County The $4.1 million project was supported by grant funding through the state's Next Level Connections program.... Read More
Elkhart County partners with fiber operator
The Elkhart County Commissioners are partnering with South Bend-based ChoiceLight Inc. on the management of the county's 189-mile fiber network. The partners say the deal will accelerate the county's return on investment in the network.... Read More
TechPoint adds more Mira nominees
Indianapolis-based TechPoint has unveiled 11 additional nominees for the 2023 Mira Awards. The nonprofit growth accelerator for Indiana’s technology sector said the new nominees were previously left off due to an error in the submission process.... Read More
National tech layoffs could create opportunity in Indiana
Tech companies nationwide have announced more than 200,000 layoffs since the start of the year. But is a different story emerging in Indiana? More than 130 Hoosier tech companies reported $441 million in capital investment last year.... Read More
Study: Elkhart-Goshen top 10 for microchip workforce readiness
A new study conducted by data analytics firm Lightcast shows the workforce in the Elkhart-Goshen metro area is primed to benefit from the nation’s resurgence in microchip production. The region is ranked 8th in the U.S. for semiconductor workforce readiness.... Read More
Advanced Braille tablet attracts investors
Purdue Ventures, the venture capital investment arm of Purdue Foundry, has invested $250,000 in a Lafayette-based company that has developed a tablet that can help blind and visually impaired people read text and examine complex diagrams. Tactile Engineering Inc. manufactures the Cadence tactile tablet, which allows readers to experience animations.... Read More
Indy tech company lands more Series C funding
Indianapolis-based software company Zylo Inc. has closed on an additional $5 million in Series C funding. The company's platform is designed to help customers manage their Software-as-a-Service subscriptions.... Read More
Smartphone app for blood hemoglobin testing earns top honors
Technology that measures blood hemoglobin through a smartphone has earned top honors for a Purdue University biomedical engineering researcher. Professor Young Kim, founder and chief science officer of digital health startup HemaChrome, won phase 1 of National Institutes of Health competition.... Read More
Motor secures $7M funding round
Indianapolis-based Motor has closed on a $7 million Series A round of funding. The company, which has developed an electric vehicle subscription platform, said this month it will use the funding to refine the platform and expand into new markets.... Read More
Purdue president outlines vision for future in Indy
Purdue University’s new president, Mung Chiang, outlined his vision on Wednesday for the university’s future—in particular in Indianapolis and in the 63 miles between downtown Indy and its main campus in West Lafayette. ... Read More
Former Bloomington mayor to lead Trades District development
Bloomington-based The Mill has selected former Bloomington Mayor John Fernandez to lead the development and marketing of the city's Trades District. In his new role, Fernandez will oversee the construction and launch of the Trades District Technology Center.... Read More
TechPoint unveils 2023 Mira Award nominees
Indianapolis-based TechPoint on Tuesday unveiled the nominees for its 24th annual Mira Awards, honoring the "Best in Tech" in Indiana. The 78 nominees were chosen from a record number of entries and represent almost all regions of the state.... Read More
Surf Internet secures $100M to expand fiber networks
Elkhart-based Surf Internet says it has raised $100 million in debt financing from DigitalBridge Credit in Florida. The internet service provider said the funding will be used for continued expansion of its fiber networks in the Great Lakes region.... Read More
Tech parks could capture larger share of tax dollars
A bill that would divert some $6 million in state and local tax revenue annually to state-certified technology parks has passed the Senate and is headed to the House, where similar legislation died two years ago.... Read More
India trip leads to funding for IU alum’s company
Indiana University says a 2019 trip to India helped one alumnus make connections that led to a $2 million funding round for the tech company he co-founded. MProfit has developed a software platform that tracks multi-asset investment portfolios in one place.... Read More