Articles

Funding drought pinches life sciences firms

Nationally, venture capital investments into life sciences firms totaled $4.9 billion during the first nine months of 2013, down 30 percent from the same period in 2008, according to data from Thomson Reuters and PricewaterhouseCoopers. In Indiana, life sciences firms raised $21 million during the first nine months of the year, far lower than any year since 2003.

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ChaCha lands $3M investment

The Carmel-based company said the latest round of financing extends a $20 million investment it received in October to fund an expansion of its signature mobile service.

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Cash crunch hits Indianapolis Urban League

After losing a key grant, Indianapolis Urban League laid off employees and failed to make three months' worth of retirement payments into one former worker's account—something that was remedied after the worker complained to the Labor Department.

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$75M investment in ExactTarget may be Indianapolis record

The amount raised since October is in addition to the $69.9 million it received in May from three venture
firms on the coasts, in what was the third-largest venture deal in the nation during the second quarter,
according to the National Venture Capital Association.

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EnerDel poised to get jolt of stimulus juice

Within weeks, EnerDel expects to receive notification that it’s getting as much as $480 million in financing under a U.S.
Department of Energy program aimed at fostering advanced vehicle manufacturing.

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Lauth granted reprieve

A judge has given Lauth Group Inc. a reprieve from an equity investor that is seeking to take control of most of the developer’s
properties.

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Recession has a domino effect on venture capital

Call it a trickle-down effect, but not the kind President Reagan would have liked. The recession has cost most institutional
investors, such as university endowments, about a quarter of their value. As a result, venture capitalists’ primary source
of funding has dried up. The implications for Hoosier entrepreneurship are stark.

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Federal stimulus trickles down

There’s a smorgasbord available for small businesses in the federal stimulus package. The trick is figuring out how to get a plate. Plenty of local experts are serving up access to the buffet. And some entrepreneurs are digging in. But others consider the
stimulus warmed-over leftovers.

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