City warns groups that deadlines are looming for using pandemic grants
Indianapolis began monitoring 46 grant recipients in March for American Rescue Plan Act spending plans that were behind schedule.
Funding
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IU medical school lands record $243M in NIH funding in 2023
The Indianapolis-based medical school ranked 29th in the country for landing funding from the National Institutes of Health.
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City secures $24M loan from state for ‘confidential’ downtown project
The loan, which was approved by the Metropolitan Development Commission, is expected to be used for “downtown redevelopment efforts.”
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Zionsville-based life sciences company secures $6M in investment funding
GeniPhys has developed a material known as Collymer, a highly-purified form of collagen that can be used to replace tissue that is lost in wounds and also forms “stable, fibrillar collagen scaffolds” that can help rebuild lost tissue.
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NICO Corp.’s brain surgery tools gain traction, $12.6M in new funding
After 15 years of coaxing and cajoling the medical community to consider a different way to do brain surgery, NICO co-founder Jim Pearson has numbers to show more surgeons and investors are buying into his vision.
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Articles
Indianapolis-based financial wellness firm lands $4.5M venture investment
Local financial planning guru Peter “Pete the Planner” Dunn said the funding will help his company accelerate the development of an artificial-intelligence powered tool that will offer customized financial coaching.
Feds approve Indiana’s initial application for $868M in broadband funding
The national “Internet for All” initiative, dubbed the Broadband Equity Access and Deployment, or BEAD, program, was created in the Bipartisan Infrastructure Law.
Technology hubs embraced as catalyst for growth
The CHIPS and Science Act is starting to tackle its goal of fueling domestic innovation and high-tech manufacturing in the areas of microelectronics, biotechnology, artificial intelligence and more, in Indiana and nationwide.
Charter schools could get property tax money if Pike Township referendum passes
The change is the result of years of lobbying by charter school supporters, who say that all public school students should benefit from local property taxes that help pay for buildings.
Pike Township among 3 Indiana districts asking voters for funding in May primary
For the first time, Pike Township is asking voters to help fund operations. The ballot measure would fund three key areas: continuing programs and staffing added since the pandemic, attracting and retaining teachers, and school safety and security.
2023 was bad for startups, with bankruptcies, lower valuations
It’s been a brutal year for startups, with more companies struggling to raise money and hundreds shutting down altogether, according to new data.
State to examine options for road funding
When an Indiana task force meets this month to discuss future funding for state and local roads, Mayor Joe Hogsett’s administration will face an uphill battle with its proposal to change the funding formula that strongly favors rural areas.
City receives nearly $10M in federal money for homelessness efforts
While the homeless population across the city has decreased from its pandemic high of nearly 2,000 people, it has yet to return to the lower levels recorded before the pandemic hit.
MBX Biosciences closes on $115M in drug-development funding
The funding amount is one of the largest in recent years for an Indiana-based science startup.
With new funding, Kheprw seeks to develop Black entrepreneurs
An organization focused on empowering Black residents in Indianapolis has received a huge boost as one of the first recipients of funding through the Indianapolis African American Quality of Life initiatives.
What’s next for IndyRent as federal funding fades away?
At its peak, the rent-assistance program doled out $7 million in a month. That rate is impossible post-pandemic, so the city must decide how much eviction-prevention assistance is possible.
Metro mayors join push to change state’s funding formula for local roads
Indianapolis officials hope an alliance with other central Indiana leaders will finally persuade legislators to either alter the formula or find other ways to provide more infrastructure dollars to densely populated areas.
Tech startup led by Scott McCorkle lands $5.1M in angel funding
Indianapolis-based tech startup MetaCX, a High Alpha portfolio company, has attracted more than $30 million in investment since the company’s launch in 2018.
State tourism agency plans to ask for huge funding boost
Tourism officials are introducing a campaign they hope will set the stage for a significant funding increase from the General Assembly next year.
Accounting-tech firm Decimal lands $9.2M investment
Decimal’s software platform helps customers automate and outsource accounting tasks like bookkeeping and payroll. The company has added 30 employees since February.
READI funding snag might rule out some projects
Local and state officials learned in January that several projects included in plans awarded grants just a month before might now be ineligible because of rules attached to the funding.
Restaurants seek more federal help after SBA fund runs out of cash
Restaurant owners want Congress to replenish the fund, and they want Indiana’s senators to sign on to a proposal that would provide cash to original applicants who were left high and dry.
As city boosts spending on anti-crime grants, some call for more accountability
Indianapolis has put more than $30 million into about 600 grants since 2009, when it launched what’s now called the Violent Crime Prevention Grants Program.
Allos Ventures launches $75 million investment fund
Indianapolis-based Allos Ventures, which invests in early-stage business-to-business software companies in the Midwest, said it plans to start making investments from Allos IV right away.