Fishers Company Taps Rare Minerals Sector

Fisher’s-based American Resources Corp. (Nasdaq: EREC), a company specializing in the extraction and recycling of rare earth elements found in batteries and magnets, has acquired Energy Technologies Inc., located in Tennessee. ... Read More

Oesterle to Be Honored as Trailblazer

Indianapolis entrepreneur and civic leader Bill Oesterle, who has been involved in the development of multiple companies and community efforts, will receive TechPoint’s Trailblazer Award during the upcoming Mira Awards gala.... Read More

Hoosier Startup Using Data to Predict Water Pipe Breaks

An Evansville-based startup is looking to help water utilities prevent pipe breaks. Utiliz has developed a subscription-based app that can predict which pipes are most likely to fail next by aggregating data from a variety of sources, including the water utility itself. The startup last week took the $10,000 top prize at the Spring 2022 Crossroads Pitch Competition at The Mill in Bloomington. ... Read More

Krueger Promoted to 16 Tech CEO

Indianapolis-based 16 Tech Community Corp. has selected Emily Krueger as its next president and chief executive officer. Krueger has served as the nonprofit's chief operating officer since 2018 and will succeed Bob Coy, who is retiring next month.... Read More

Defense Tech Company Expanding to Fort Wayne

A California-based company is expanding to northeast Indiana. Pacific Defense, which develops electromagnetic spectrum operations technology for the U.S. military, says it will open a new office at the Northeast Indiana Innovation Center in Fort Wayne.... Read More

New Accelerator Focusing on Defense Tech

Naval Surface Warfare Center, Crane Division is looking to help its scientists commercialize their technologies. The installation is partnering with The Mill in Bloomington and others to launch the PROPELS Accelerator, which is designed to provide entrepreneurs and small businesses with the opportunity to bring patented government technology to market. ... Read More

Purdue to Lead Air Force Research Hub

Purdue University is one of two universities recently selected by the Air Force Research Laboratory to serve as lead academic partner and headquarters in a pilot program for academic research partnerships.... Read More

Leadership Change at Mursix

Yorktown-based Mursix Corp. has named Jeff Frost president. Frost formerly served as director of operations and will report to Chief Executive Officer Todd Murray.... Read More

Indy Tech Startup Secures Seed Funding

Indianapolis-based Qualifi has closed on a $2.5 million seed round of funding. The startup, which has developed an on-demand screening platform for recruiting teams, says it will use the funding to further product development and expand go-to-market efforts.... Read More

Profit Grows for KAR Global

Carmel-based KAR Global (NYSE: KAR) is reporting full-year net income of $66.5 million in 2021, up from $500,000 the previous year. The company says the results were driven in part by strong growth in its digital dealer-to-dealer businesses.... Read More

Allos Launches Fourth Investment Fund

Indianapolis-based Allos Ventures has announced the first closing of its latest fund, Allos IV. The venture capital firm says the fund will continue its focus on investments in early-stage B2B software companies. Managing Director Don Aquilano says being able to launch a fourth fund is "validation that there's a true need and a value for equity capital in the Midwest and certainly here in Indiana."... Read More

Mira Award Nominees Named; In-Person Gala to Return

Indianapolis-based TechPoint has unveiled the list of nominees for the 23rd annual Mira Awards, honoring the "Best of Tech in Indiana." This year's nominees include 76 companies that employ more than 52,000 Hoosiers, as well as more than a dozen entrepreneurs from the state's tech sector. ... Read More