Fishers startup prepares to go public
Four-year-old Novusterra Inc. is planning an initial public offering within 90 days and hopes to be approved to trade on the OTCQB Venture Market, often used by companies that are still developing.
Startup
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IBJ Podcast: Orr fellows leverage networking to boost value of tech, entrepreneurial positions
Now in its 23rd year, the Orr Fellowship program has helped develop an eye-popping number of leaders in Indiana’s tech and entrepreneurial ecosystems. It now counts 624 alumni who have worked at—and in some cases founded—nearly 300 significant companies and organizations.
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IBJ Podcast: Christopher Day on boosting state’s startup ecosystem, getting investors to say ‘yes’
The CEO of Indianapolis-based Elevate Ventures spills on expanding the search for talent, the untapped power of collaboration, and the five aspects of a business where entrepreneurs can minimize risk and attract investors.
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Taking the plunge: How to know when to make your side hustle your full-time gig
No entrepreneur is likely to receive a sign from the universe—or from their accountant—that it’s all going to work out.
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IU Kelley School of Business launches co-op program in Indianapolis
The new program is one of several ways that IU Indianapolis is working to increase the number of job-ready graduates in Indianapolis and make higher education more accessible to Hoosiers.
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Articles
Two Indy-area startups among Rally pitch contest winners eligible for up to $1M
Insignum AgTech and Grannus Therapeutics were among the five winners announced Wednesday.
Vouchers help startups turn small ideas into big ones
Startups, small businesses and entrepreneurs who have an idea with commercialization potential can tap into a system of state funding and support through a research-focused grant program.
Fishers neighbors create medical record app
Primary Record allows families and other caregivers to organize and share medical information with one another and with doctors from their computer or phone.
Legislature considers easing regulations for startups
Indiana is routinely touted for its positive business climate, but the state ranks 44th among states when it comes to creating new entrepreneurs, according to a recent study from the Indiana Chamber of Commerce.
2023 Newsmaker: Day organizes 3-day Rally innovation event
Since he was tapped in 2022 to lead Indianapolis-based Elevate Ventures, Christopher Day has used his experience as an entrepreneur and investor to help the firm expand its growth investing.
2023: A look back at Indiana’s biggest tech-sector investments
Venture investing in tech firms was still sluggish in 2023 as compared to the peak activity of 2021, but a handful of Indiana-based tech companies and venture investors still got some big deals done this year.
Carmel firm raises $116M to advance anti-inflammatory drugs into human testing
The investment in Sudo Biosciences, a three-year-old Carmel biotech, is one of the largest in recent years for an Indiana-based science startup, a signal that investors are attracted by its work on a class of drugs to treat autoimmune and inflammatory diseases.
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.
Text messaging platform Yourco lands $2M round of seed funding
Yourco’s co-founder and CEO, Brodie Meyer, said the company wasn’t necessarily looking to secure outside funding, but it found the right partner and decided that seed capital could help Yourco grow more quickly.
Med tech startup getting boost from global accelerator
West Lafayette-based Neurava is one of 61 companies from around the world to showcase its medical technology as part of the 11th annual MedTech Innovator, billed as the largest accelerator of med tech companies.
Purple maize: Hamilton County company helps corn warn of trouble
Kyle Mohler founded Insignum Agtech with the idea of rearranging bits of corn’s DNA, then inserting them into popular field-corn hybrids.
Coming off record fundraising year, Indiana’s life science sector looks for even more capital in 2023
Inventors and entrepreneurs who don’t have a track record face the biggest challenges, a panel of experts said Friday morning at IBJ’s Life Sciences Power Breakfast.
Concert livestreaming platform Mandolin to cease operations
Conceptualized through venture studio High Alpha, Mandolin emerged during the pandemic as a successful concert livestreaming platform.
Fishers-based biotech startup aims to grow from the gut
BiomEdit LLC was set up last year by Greenfield-based Elanco Animal Health and Boston-based Ginkgo Bioworks to make everything from food to therapeutics for animals. It’s already raised $36.5 million in venture capital for its work.
Life sciences industry booster BioCrossroads girds for new challenges
Patricia Martin, the group’s president and CEO since 2019, last month announced she would step down to examine opportunities in the private sector and urged industry leaders to take a fresh look at the organization.
Fishers startup lands another $1.25M to help launch anti-clotting device
Recovery Force Health said it plans to use the new funding as growth capital to market its device to hospitals and introduce other products.
IBJ Podcast: She went from a master’s in social work to tech firm CEO
In this week’s edition of the IBJ Podcast, Brown discusses the unusual route that led her to become a first-time entrepreneur in her early 40s.
SPACs lose their spark with deals hard to find
Around Indiana and the nation in recent weeks, special purpose acquisition companies, or SPACs, are shutting down and returning money to investors. In other cases, investors are taking a bath.
Startups face cautious investors amid economic woes
Many startups are attempting to find their wings at a time when consumers are tightening their belts and being more picky about how to spend their money.