New ed-tech accelerator announces its first four participants
The program, a joint effort between Butler University, Indianapolis-based TechPoint and Wisconsin-based gener8tor, offers $100,000 investments to each of the participating companies.
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Indiana’s tech sector saw boost in venture investing activity in 1Q, report says
Indiana’s tech companies landed a combined $348.8 million in venture funding last quarter, which was the strongest first-quarter activity since recordkeeping began in 2015, TechPoint says.
Notre Dame IDEA Week extending its reach to Indianapolis this year
IDEA Week is an annual entrepreneur and innovation festival that takes place in the South Bend-Elkhart region. This year, the weeklong festival will extend its brand to events in Indianapolis in hopes of forging stronger connections between the two regions.
BioCrossroads names Vince Wong as new CEO of Indy life sciences group
Wong’s appointment comes just a few weeks after BioCrossroads released a report warning that Indiana’s life-science sector is starting to lag the nation in growth and market share and will require a focused effort to stay competitive.
Indiana’s health care and life sciences sector sees VC funding drop 54% in 2023
Thirty-four Indiana companies landed $287 million in venture capital in 2023 to help finance a wide array of technologies, from medical isotopes to stem-cell therapies, according to BioCrossroads, an Indianapolis-based group that promotes and invests in the state’s life sciences sector and tracks the funding.
Experts say 2023’s sluggish venture activity could last well into 2024
According to PitchBook data, Indiana firms attracted $730.5 million in venture investments last year, down 2% from the $748.7 million they landed in 2022. The number of venture deals dropped 13%, from 188 in 2022 to 164 in 2023.
Zionsville-based 120Water lands $43M investment
The $43 million investment, by far the largest in 120Water’s eight-year history, will help the water management software company pursue some of the big opportunities that lie ahead, CEO Megan Glover says.
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.
Pacers partnering with sports-tech startup Edge Sound Research
The technology allows sports fans to both hear and feel sounds with greater clarity than they otherwise could.
IEDC boosting funding to support entrepreneurism, innovation
Among the updates are a boost in annual funding for venture development in partnership with venture firm Elevate Ventures and the creation of a $3 million pre-seed fund.
Marketing-tech firm Hummingbirds expands to Indy after $3.3M investment
The concept of social media influencers being compensated for promoting things online isn’t new, but Hummingbirds’ CEO said what sets the firm apart is its focus on local social media users in targeted cities.
High Alpha Innovation launches new fund to boost Notre Dame-affiliated startups
Indianapolis-based High Alpha Innovation announced this week that it has closed on $17.5 million for its new 1842 Fund, which will invest in startups affiliated with University of Notre Dame faculty, students and members of the greater South Bend and Elkhart communities.
HG Ventures seeks to accelerate its investments in road-tech
Indianapolis-based HG Ventures this week released a report in which it outlines how technology could solve long-standing issues such as traffic congestion, safety and sustainability.
Allegion Ventures makes $20M investment into California security-tech startup
The investment sets the stage for collaboration between Allegion and Ambient.ai, whose technology helps customers identify and prevent potential security incidents.
New ed-tech accelerator program offers $100K investments
Equity investments in each of the firms will come from a Butler University philanthropic fund, and the school is currently talking with potential additional investors.
Report: Indiana tech firms landed 19 deals worth more than $93.4M last quarter
Echoing national trends, both the number of venture investments into Indiana companies and the total value of those deals declined as compared with last year, the TechPoint report says.
Indianapolis-based health-tech startup lands $2M investment
Indianapolis-based Plan Forward, which helps dental practices set up membership plans for their patients, plans to use most of the investment on sales and marketing, while some will go toward improving its software platform.
Venture studio High Alpha invests in Indianapolis-based Engineered Innovation Group
By working together, EIG and High Alpha say they can combine their areas of expertise and potentially speed up the process of launching new startups.
Local software firm ConverSight.ai lands $9M in venture funding
Indianapolis-based software firm ConverSight.ai helps clients analyze their data and make business decisions. The company has raised a total of $15 million since its founding in 2017.