Fountain Square Brewing acquires New Day Craft in move to diversify
The deal, which closed this week, gives Fountain Square Brewing access to New Day’s lines of mead and hard cider as it tries to widen its distribution footprint.
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Local real estate firms lead $5M investment in internet provider Xiber
Milhaus CEO Tadd Miller said his firm, which is also a Xiber customer, decided to invest in the company because of demands from his clients for the services Xiber offers, such as home automation.
IBJ Podcast: A startup’s journey from idea to pivot to series A fundraising
120WaterAudit co-founder and CEO Megan Glover talks to host Mason King about the challenges of raising money and whether being based in Indianapolis helps or hurts those efforts. Her answer may surprise you.
Life science companies can learn from failure if they stay flexible, experts say
Endocyte Inc.'s decision two years ago to shelve its own pipeline and look for other opportunities was a difficult call that eventually paid off for investors, its former CEO said Friday at IBJ’s Life Sciences Power Breakfast.
Ball State student’s startup bringing melodies to movies
As someone who has made movies since middle school, Indianapolis resident Von Storm knows the importance—and difficulty—of securing licenses to use music as part of a video production. So the Ball State University senior created License Guru.
Q&A: 120WaterAudit eyes big growth after pivot
Megan Glover started 120WaterAudit in 2016 with the idea of targeting residential consumers nationwide with a water-testing kit that cost $120 every four months. But the company has pivoted to work largely with municipal water utilities and governments.
Once-dilapidated far-east-side shopping center to become home for retail startups
Following a multimillion-dollar renovation, a far-east-side building that was on track for demolition is set to emerge as a retail-startup hub that supporters say could revitalize a neglected part of town.
Startup showcase growing in lockstep with agbioscience sector
AgriNovus Indiana’s Ag+Bio+Science Startup Showcase is growing faster than a corn stalk in June.
In its third year, the showcase attracted a record number of attendees, sponsors and participants for its pitch contest.
Angel investor network VisionTech fills need for startup funding
Founded in 2014, VisionTech has seen its membership, or investors—as well as the amount invested by those members—swell significantly in the last two years.
IBJ Podcast: Bill Oesterle’s TMap is asking former Hoosiers to come back home
The former CEO of Angie’s List is using big data and machine learning to try to solve an emerging problem in Indiana—a stagnate and soon-to-be shrinking workforce.
Once a rising star, Wellfount collapses with little warning
The company raised about $50 million and had big plans for its product, Redbox-style vending machines in nursing homes that dispensed medicines for patients.
Uneasy about the economy, some businesses hold off on hiring
Small business owners, especially those who learned hard lessons from the Great Recession about overstaffing, are playing it safe.
Tiny-house enclave by Lucas Oil Stadium offers tourists pint-sized lodging
The so-called Tiny House Hotel is a big part of an effort to attract fans of miniature abodes to the city.
Local tech startup aims to reinvent currency exchange market
An Indianapolis-based startup is aiming to reinvent the currency exchange market by connecting international travelers directly to the currencies they need.
Bill Oesterle’s new firm TMap seeks to use big data to reverse brain drain
The company’s goal is to find talented people who live out of state but have a connection to Indiana—then lure them here to live and work.
Founders, employees of Westfield financial firm accused of $10M fraud
Prosecutors allege that the defendants engaged in a 13-year-long scheme to defraud the Small Business Administration.
Coal mining in distress? Not to this Fishers startup
American Resources Corp., formed in 2015, specializes in buying distressed coal assets from struggling or bankrupt coal operators.
Tech upstart Kerauno raking in the venture capital dough
The communications-workflow software is super-charging its growth with what many believe is a record haul of venture capital, in the form of a $25 million Series A round of funding.
Entrepreneurs using south-side food makerspace to create businesses
The Food Beauty Center, a new food-focused makerspace in Garfield Park aims to serve entrepreneurs two ingredients for success—collaboration and commercial kitchen space.
Little Nugget app turning into big business for new entrepreneur
Carrie Griffith thought there would be a demand for her photo editing and cataloging app, Little Nugget, which she developed during her first child’s nap time. But even she has been surprised at how quickly her new business has grown. Now she’s looking for funding to speed up growth even more.