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IPIC’s BioWorksU virtual effort wins acclaim:

A new Web site developed locally and designed to attract youngsters to careers in the life sciences sector now shares something in common with the wildly popular Club Penguin site. The Indianapolis Private Industry Council, with assistance from locally based Creative Street Media Group, created BioWorksU.com. And while more educational and likely more appealing to a larger age group than Club Penguin, the two were among recent Webby Awards finalists. Called the “Oscars of the Internet” by The New York…

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IEDC to launch Web site to match startups with suppliers, vendors

For Indiana’s life sciences companies to flourish, they need to get better at romance. Helping companies meet, greet, date
and deal is the idea behind a new Web portal being built by the Indiana Economic Development Corp. to match startups with
in-state vendors, suppliers, investors or people who can help them.

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Construction behemoth Skanska sees potential in Indy: U.S. division of Swedish-based company sets sights on health care, education, pharmaceutical building sectors

New Jersey-based Skanska USA Building Inc., a division of the $23 billion Swedish construction powerhouse Skanska AB, arrived in Indianapolis in April. Named last year as the top green contractor in the nation by Engineering News-Record magazine, Skanska USA is recognized in particular for its projects in the health care, higher education and pharmaceutical sectors. Its largest project, however, is the $998 million Meadowlands football stadium under construction in New Jersey. Locally, Terry Parrott, 50, is in charge of operations….

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VOICES FROM THE INDUSTRY: Despite some perceptions, future for IT workers bright

In mid-March, Bill Gates traveled to Washington to carry an unpopular message to Congress: Raise the limits on visas for foreignborn tech workers, or Microsoft and other high-tech companies will be forced to move more jobs overseas in search of a skilled work force. Gates’ testimony to the House Committee on Science & Technology wasn’t groundbreaking-the shortage of tech workers is well-documented. But it begs an obvious question: Why have computer science enrollments at U.S. colleges and universities fallen by…

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Angels invest where others fear to tread: Wealthy entrepreneurs join forces to create HALO Capital Group

Some high-tech companies are so risky that even venture capitalists quiver. That’s when they turn to angels, who aren’t afraid to fly to the rescue of cash-strapped innovators with chancy yet possibly lucrative ideas. Last year, two dozen of central Indiana’s most successful business veterans decided to intercede on behalf of Hoosier entrepreneurs. They formed HALO Capital Group, a network of angel investors who seek to speculate on promising Indiana startups. Every other month, the HALO group meets at a…

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Networking key for Heron: Life sciences venture capital firm has invested in four startups

Four years ago, attorney Greg Maurer decided he wanted to try his hand at venture capital. So he began calling everyone he knew in Indianapolis for help. It took several years. But eventually, Maurer attracted a team of experienced venture managers to his side. He also assembled two expert boards: one filled with scientists to help analyze the technical side of new business plans, and another composed of veteran investors to consider their market potential. Maurer, 31, is the son…

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VOICES FROM THE INDUSTRY: VC investment will help Indiana through any recession

In 2002, Indiana ranked an anemic 37th among all states in the amount of total venture capital investment. That year, California had 41 times the investment of Indiana on the basis of per dollar of gross state product. Indeed, few local entrepreneurs or finance professionals could identify more than a couple of Indiana-based VC funds. Few national venture funds even visited Indiana companies as they flew over the Hoosier state on their way between the coasts. As I learned while…

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EDITORIAL: Leadership has its rewards: Health info exchange is exhibit A

Leadership has its rewards Health info exchange is exhibit A Being the best isn’t everything, but it goes a long way when you’re trying to attract money and expertise. That’s why it’s significant that the Indiana Health Information Exchange is taking its show on the road. As IBJ reporter J.K. Wall reported last week, those who oversee the platform for sharing patient records and test results electronically are preparing to make it available in other states. Hospitals and physicians in…

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International students flock to Purdue, IU: State schools are national leaders in attracting foreign-born scholars

Purdue and Indiana universities have become magnets for international students. Purdue is third in foreign student enrollment among all U.S. private and public colleges and universities. Indiana is No. 15. Another Big Ten school-the University of Illinois-is No. 2. The University of Southern California is the leader, with 7,000 foreign students. Purdue currently has 4,994 foreign students enrolled in graduate and undergraduate programs, while IU has 4,027. This year, overall, there are about 39,102 students enrolled at Purdue’s main campus…

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Startup NICO Corp. hopes to commercialize brain surgery device

Economists call it a “virtuous cycle” when successful entrepreneurs plow their gains into new businesses. Jim Pearson calls
it another day on the job. The former Suros Surgical Systems Inc. CEO is attempting to repeat what he already has done: Build
a company to bring a promising medical device all the way from the drawing board to the market.

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VIEWPOINT: ‘Buy local’ should be rallying cry

In recent months, our governor and mayors across the state proudly have announced business developments and out-of-state companies’ plans to expand or relocate in Indiana. They’ve worked overtime to earn these economic boosts, and they’re to be congrat ulated for helping bolster the state and local economy. But we’re ignoring a simple strategy that could yield many more high-paying jobs: Buy local. Here’s the irony: Pursuing this strategy doesn’t have to cost a dime. No recruiting trips to China, no…

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Polishing the pitch: Business-plan competitions give student entrepreneurs experience, exposure

College entrepreneurs in Indiana are sharpening their business plans and practicing their pitches in hopes of convincing experts-the possibly funders-that they’ve come up with the next big idea. The venue: the increasingly highstakes competitions that universities here and elsewhere sponsor to give them practice selling themselves and their ideas. Success can come with more than bragging rights, since judges often include venture capitalists who can help transform finalists’ dreams into reality. “I can’t imagine a better way to train for…

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Free-lancing turns into big-time marketing: Mom-and-pop ExaroMed now growing fat with large drug and device clients from across the country

Most free-lance writers eke out a living. The most fortunate live comfortable lives. But Mindy Mascaro turned her freelance writing business into a thriving company. Carmel-based ExaroMed LLC is now producing sales and marketing content for the like of Roche Diagnostics, Eli Lilly and Co. and Amgen Inc. It has also served smaller life sciences companies such as Indigo BioSciences Inc. and Cheetah Medical Inc. The company has zoomed from six employees to 20 in the last year. It’s already…

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VOICES FROM THE INDUSTRY: New tax break makes Indiana more attractive than ever

Rapid growth in the high-tech fields of biotechnology and life science has made Indiana a shining example of how promoting emerging industries can transform an agricultural and manufacturingbased economy into a national leader in innovation. It has done so by creating an environment in which knowledge-based businesses can thrive. Building on this success, Indiana continues to position itself as a leader in emerging technologies. A new tax law that took effect this year will present another major step toward this…

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VOICES FROM THE INDUSTRY: Green building should be the norm, not the anomaly

I cringed when I heard the news: Indiana is second to last when it comes to being green. We’re supposed to be America’s heartland. But instead of being known for the life sciences, economic initiatives or even our corn fields, we’re getting recognized for our dirty air and water. Last year, Forbes conducted a study to find the greenest states in the country. Vermont, Oregon and Washington topped the list. At the bottom: Alabama, Indiana and West Virginia. While Indiana…

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Technology park could boost area’s biomedical efforts: First phase of Purdue project, featuring accelerator building for up to 25 startups, should be finished this year

The park is expected to be a major amenity for the area’s growing biomedical economic development efforts. Purdue Research Foundation paid $2.5 million in June to purchase a half-interest in 78 acres at AmeriPlex industrial park. The university ultimately anticipates filling it with as many as 75 businesses and 1,500 jobs. AmeriPlex owner Holladay Properties, a South Bend developer of industrial parks, owns the other half of the site. Dubbed Purdue Accelerator Park at AmeriPlex-Indianapolis, the project is intended to…

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VOICES FROM THE INDUSTRY: Patent ruling a big victory for biotech, drug industries

Last Halloween a federal court in Virginia gave the biotech and pharmaceutical industries a big treat when it preliminarily halted the Patent and Trademark Office, or PTO, from implementing new rules governing certain aspects of patent prosecution. This ruling was significant because it prevented the PTO from imple menting new rules governing patent applications that many thought would weaken protection of important biological and chemical inventions. Several local life sciences businesses and entities with significant numbers of patent applications in…

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City emerging as drug distribution hub: Medco Health Solutions deal latest boon to growing subsector in Indiana’s life sciences development efforts

Thanks to a series of major economic development wins, Indianapolis is enjoying a pharmaceutical distribution business hot streak. Life sciences industry leaders hope to keep the sizzle burning in 2008 and beyond. “It’s not something we’re hoping we can do someday. It’s something we’re already doing now,” said BioCrossroads CEO David Johnson. “We’re simply trying to expand the footprint of what we’re doing.” Pharmaceutical logistics has become a big business. According to the Arlington, Va.-based Healthcare Distribution Management Association, U.S….

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