WEBVTT

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BEFORE.

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>> THAT'S GREAT.

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CONGRATULATIONS ON THE NEW

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PARTNERSHIP.

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  KYLIE, THANKS!

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HAMMOND ECONOMIC DEVELOPMENT

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DIRECTOR ANNE ANDERSON SAYS A

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PRO-BUSINESS ENVIRONMENT IS

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PAYING OFF FOR THE LAKE COUNTY

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CITY.

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THE HAMMOND REDEVELOPMENT

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COMMISSION HAS APPROVED THREE

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MAJOR PROJECTS, TOTALING MORE

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THAN $160 MILLION IN INVESTMENT.

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MEATS BY LINZ, A CHICAGO-AREA

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BASED MEAT PROCESSING COMPANY

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PLANS TO INVEST $35 MILLION TO

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CONSTRUCT A NEW FACILITY IN

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HAMMOND AND WILL EVENTUALLY

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EMPLOY 300 WORKERS.

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FINLAND-BASED HUHTAMAKI NORTH

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AMERICA SAYS IT WILL INVEST $100

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MILLION TO EXPAND ITS FACILITY

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AND ADD ABOUT 100 NEW JOBS.

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AND ANOTHER PROJECT INVOLVES THE

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VACANT BANK CALUMET BUILDING, AN

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ICONIC LANDMARK IN DOWNTOWN

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HAMMOND. THE CITY SAYS DEVELOPER

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NWI HOHMAN WILL INVEST $24

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MILLION TO DEVELOP 100 MARKET

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RATE APARTMENTS AND GROUND FLOOR

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COMMERCIAL SPACE.

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TIME NOW TO GO INSIDE

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INNOVATION...

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ENTREPRENEURS WITH CONNECTIONS

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TO PURDUE UNIVERSITY ARE TURNING

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TO THE PURDUE FOUNDRY'S BOOST

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ACCELERATOR PROGRAM TO GET A LEG

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UP.

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THREE INDIANA-BASED STARTUPS

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RECENTLY RECEIVED $25,000 EACH

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TO HELP PUSH THEIR PRODUCTS TO

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MARKET MORE QUICKLY.

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FOR MORE, I'M PLEASE TO BE

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JOINED BY PURDUE FOUNDRY VICE

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PRESIDENT BILL ARNOLD AND JIM

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DONAHUE, REPRESENTING

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REPROHEALTH...ONE OF THE

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STARTUPS THAT SECURED THE

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$25,000.

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GENTLEMEN, WELCOME TO THE

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PROGRAM.

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>> THANKS, GERRY.

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HAPPY TO BE HERE.

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>> GIVE US THE THUMBNAIL.

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THE FOUNDRY SAID TREMENDOUS

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IMPACTS SINCE 2014.

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GIVE US THE MISSION AND VISION.

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>> OUR WHOLE MISSION IS TO

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IMPROVE START-UPS TO IMPROVE THE

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WORLD.

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TO THAT END, WE'VE STARTED ABOUT

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360 COMPANIES IN THE LAST 7

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YEARS WHICH HAVE RAISED ABOUT

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$750 MILLION IN FOLLOW-ON

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FUNDING.

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>> YEAH.

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THAT IS TREMENDOUS IMPACT.

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AS WE WERE TALKING OFF CAMERA,

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YOU SAID AFTER SEVEN YEARS YOU

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REALLY WANT TO PUT YOUR MONEY

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WHERE YOUR MOUTH IS.

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YOU LAUNCHED THIS BOOST, THIS

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ACCELERATOR PROGRAM WHERE YOU

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GAVE THREE START-UPS $25,000

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EACH.

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THE IDEA BEHIND THE COMPETITION?

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>> WELL, THE IDEA WAS REALLY

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LIKE YOU SAID, GERRY, LET'S PUT

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OUR MONEY WHERE OUR MOUTH IS.

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WE'VE HAD PROGRAMMING FOR SEVEN

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YEARS, HELPED A LOT OF COMPANIES

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GET STARTED.

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THE COMPANY IS CAN WE HELP THEM

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MOVE FORWARD BEYOND JUST GETTING

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STARTED.

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WE THOUGHT LET'S GET A GROUP OF

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COMPANIES THAT ARE ALL CONNECTED

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TO PURDUE IN SOME WAY, SHAPE, OR

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FORM, VERY EARLY IN THEIR LIFE,

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AND MOVE THEM FROM POTENTIALLY

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INVESTABLE TO INVESTABLE.

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>> JIM FROM REPROHEALTH.

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TECHNOLOGY THAT MORE EASILY

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ALLOWS THEIR COWS TO GET

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PREGNANT.

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IS THAT A GOOD DESCRIPTION?

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>> YEAH, IT REALLY IS.

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THE GOAL IS TO IMPROVE INVITRO

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FERTILIZATION OF COWS.

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RIGHT NOW THE FARMER HAS TO TAKE

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THEIR COW TO AN OFF-SITE

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LOCATION AND THE EGGS ARE GROWN

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IN PETRI DECISIONS.

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THIS IS LITERALLY PLACED IN THE

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VAGINA OF THE COW.

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WE'RE USING THE COW AS THE

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INCUBATOR.

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IT ALLOWS THE FARMER TO MAKE

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MULTIPLE COPIES OF THAT ONE COW.

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INSTEAD OF AN ARTIFICIAL

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INSEMINATION, THEY CAN PRODUCE

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MULTIPLE COPIES, IN EFFECT

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PRODUCE EIGHT COWS, FREEZE SOME

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AND TRANSFER OTHERS.

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IT IS GOOD FOR THE ENVIRONMENT

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IN THAT THEY CAN CONTROL THE

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AMOUNT OF COWS THAT ARE PRODUCED

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AND ALSO FOR FOOD INSECURITY.

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YOU KNOW, PARTS OF THE WORLD

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DON'T HAVE THE TECHNOLOGY THAT

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WE DO IN THE UNITED STATES.

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AND THIS SIMPLE TECHNOLOGY WOULD

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ALLOW, TWO BILLION PEOPLE WHO

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DON'T HAVE ENOUGH FOOD, TO HAVE

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THAT.

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IT'S EXCITING.

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IT'S NOVEL.

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THE FOUNDRY HAS BEEN GREAT.

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WITHIN THE LAST SIX MONTHS, IT'S

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JUST REMARKABLE WHERE WE'VE

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GONE.

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MY COFOUNDERS KATIE AND MICHAEL

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AND I ARE JUST EXCITED TO BE

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PART OF THIS WHOLE PROCESS.

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>> FASCINATING TECHNOLOGY.

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WE'LL BE EXCITED TO WATCH YOUR

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COMPANY GROW.

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BILL, AS YOU LOOK AT WHAT'S NEXT

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FOR THE FOUNDRY, GREAT

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COMPANIES, EXCITING COMPANIES

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LIKE THIS.

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AS YOU LOOK TO THE FUTURE, YOUR

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VISION FOR WHAT'S NEXT?

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>> MORE OF THE SAME.

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THE REALITY IS WE WANT TO TRY TO

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PRODUCE 40-50 COMPANIES A YEAR

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INTO THE INDIANA ECOSYSTEM AND

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THAT'S WHAT WE'VE HISTORICALLY

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DONE AND WE INTEND TO KEEP ON

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THAT TRACK.

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>> ALL RIGHT.

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BILL ARNOLD IS THE ASSISTANT

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VICE PRESIDENT AT THE PURDUE