CEO LaMothe set to step down at Elevate Ventures
During Chris LaMothe’s tenure, Elevate Ventures has grown to 16 funds with $150 million in assets under management and has invested nearly $125 million in about 450 startups
Alex Brown, Inside INdiana Business
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Carmel-based company bringing ‘floatovoltaics’ to Midwest
Solential Energy Solutions LLC is partnering with France-based Ciel & Terre to secure solar arrays engineered to float on the surface of reservoirs and treatment lagoons.
U.S. government puts pause on Lilly’s COVID antibody therapies
The U.S. Department of Health and Human Services cited new data that shows the therapies are unlikely to be effective against the Omicron variant.
French biotech firm expanding to Brownsburg, planning $15M facility
Orano Med LLC says the facility will be used to manufacture and distribute radiopharmaceuticals to treat cancer at hospitals throughout the country.
Sophia’s Bridal & Tux expanding to Keystone at the Crossing, Louisville
The Indianapolis-based formalwear shop says the decision to expand is a result of growth in the bridal and prom industries, as well as the need for a larger retail space on Indy’s north side.
Lilly, Chinese firm to pursue therapies for metabolic disorders
Indianapolis-based Eli Lilly and Co. has inked a research collaboration and licensing agreement with Regor Therapeutics Group that could be worth up to $1.5 billion.
Indiana renews plans for global economic summit
The Indiana Economic Development Corp. said the event will “showcase the state’s leadership role in transformative ideas, disruptive technology and urgent deliberation on the economy of the future.”
PRI Trade Show returns to downtown Indianapolis after year off
The Performance Racing Industry Trade Show is expected to feature more than 1,100 exhibitors and draw tens of thousands of attendees.
Churchill Downs to operate Terre Haute casino
Louisville-based Churchill Downs proposed a $240 million project known as the Queen of Terre Haute, to be built on nearly 21 acres west of the Haute City Shopping Mall.
YMCA of Greater Indianapolis names new CEO
Gregg Hiland has spent 31 years with the YMCA, most recently serving as senior vice president and chief operating officer for the greater Indianapolis chapter.
Fishers-based gene therapy firm plans $40M expansion, 62 new jobs
Genezen said the 75,000-square-foot addition will triple its current footprint.
Indiana Recycling Coalition rebrands as Circular Indiana
The not-for-profit said with the rebranding, it is expanding beyond recycling by aligning itself with “the changing landscape of sustainable materials management.”
Energy Systems Network plans next autonomous racecar competition at CES
ESN, which organized the recent Indy Autonomous Challenge, announced Friday that five university teams will take part in a head-to-head passing competition at the Las Vegas Motor Speedway.
Republic Airways to launch aircraft dispatch training program
Indianapolis-based Republic Airways announced plans Thursday to start what it says is the state’s first aircraft dispatch training program.
Indianapolis lands NFL Scouting Combine in 2022, faces competition in future
The NFL said the location of the 2023 combine will be determined through a bidding process involving Indianapolis, Dallas and Los Angeles.
German team wins Indy Autonomous Challenge with average speed near 136 mph
TUM Autonomous Motorsport from the Technische Universität München won the $1 million grand prize in the inaugural Indy Autonomous Challenge on Saturday at Indianapolis Motor Speedway.
Carmel used-car auction company sold to New York firm
Detroit-based private equity firm Huron Capital has sold XLerate Group—a company it formed in 2014— to a firm in New York.