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Study finds Indy startups lag in job growth

Startups in Indianapolis often have barely grown after five years in business, according to a new study, a development that’s rekindled criticism of the local venture capital landscape.

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Langellier: Many tech firms would be better off here

TechPoint CEO Mike Langellier spoke with IBJ about his group's evolution, his interest in the internet of things, and why elected officials are increasingly paying attention to tech.

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Don Brown leads $2M funding round in Carmel tech firm

Lumavate sells software to manufacturers so they can give their customers relevant information about products when they need it.

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Wisconsin accelerator laying groundwork for Indy expansion

Gener8tor, a Wisconsin-based startup accelerator, is looking to set up shop in Indianapolis within the next year. Today, there are no application-based accelerators in the area.

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IU preps new VC fund amid agency revamp

The school plans to unveil a new venture capital fund this summer under the purview of the Indiana University Research and Technology Corp., which was overhauled to better address startup needs.

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FBI raids financial services firm in Westfield

The bureau so far isn't sharing details on its interest in Banc-serv, which provides services for small business lenders.

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Infosys, Salesforce Tower, IoT lab among year's biggest local tech stories

Gov. Eric Holcomb's Next Level Trust Fund, which designates $250 million for venture capital, also made our list.

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Centerfield raises $310M, includes 2 local companies among investments

The local recipients are produce distributor IF&P Foods, parent of Indianapolis Fruit and Piazza Produce; and Wild Sports, which makes sports-themed tailgating games and accessories.

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Indiana startups raised $34.5M from venture capitalists in first quarter

The second quarter is off to a fast start, a sign that this could be a strong year for raising capital in the state.

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Tech guru Steve Case's Rise of the Rest Seed Fund pulls Indy area tech firms...

Since October, when the flashy former CEO of AOL drove his Rise of the Rest bus tour to Indianapolis, his company—Revolution—has invested in three local companies.

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Levementum beating growth projections, snags $4M in funding

Officials for digital consultancy Levementum said the capital recently secured from a group led by Chicago-based Inoca Capital Partners will be used in part to add about 40 employees at its...

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Purdue grads' app-driven bike-share business picking up speed

In 2016, Purdue University students Candice Xie and Edwin Tan were looking for an affordable, easy-to-use means to get around campus. So they started a company to fill the need.

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Indianapolis animal care business doubles size with expansion

A K-9 officer for the Indianapolis Metropolitan Police Department and his wife have completed a $2.1 million expansion of their 15-year-old kennel and animal-care business.

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Venture Club's Innovation Showcase is a go

After InXInnovate LTD suddenly cancelled its local event this fall, the Venture Club of Indiana was forced to hustle to re-schedule their annual Innovation Showcase. With the help of The Heritage Group...

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Elevate Ventures makes 3-year investment commitment to Bloomington, Columbus

Elevate Ventures, Bloomington-based incubator The Mill and the Columbus Area Chamber of Commerce on Thursday announced they have entered a three-year agreement to invest $2.5 million to bolster the...

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Indy tech firm Encamp grows by making environmental compliance easier

When Goshen native Luke Jacobs, an environmental scientist and self-taught techie, developed software to streamline his job, he got a tepid response from his employer. Displeased, he tapped his...

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Startup Woven removes resume from hiring process

Woven bills itself as a software company that helps high-growth engineering teams hit ambitious hiring goals. And it recently hit one of its own: closing on its first round of funding.

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Out-of-state firms are sweeping up Indiana’s tech startups. Is that a good...

Experts are mixed on whether the buyout barrage is cause for concern or validation of success.

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Small businesses still feeling federal shutdown hangover

According to the Congressional Budget Office, the five-week closure cost the economy $11 billion, and $18 billion in federal spending was delayed.

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Fishers IoT Lab nearly maxed out in less than a year

The Indiana IoT Lab in Fishers has fast become an oasis for tech firms big and small, as well as freelancers helping companies turn their ideas about internet-connected devices into products.

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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...

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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...

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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...

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Startup accelerator seeks locations to expand statewide

Wisconsin-based Gener8tor, which seeks to helps fledgling companies boost revenue and grow jobs, said it's one-year pilot program in Indianapolis was so successful that it wants to spread its services...

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Tax credit change poised to boost supply of venture capital from out of state

Indiana startups might soon have an easier time attracting out-of-state investments thanks to a change lawmakers made this year to an instrumental tax incentive program.

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Startup claims breakthrough in gauging pain

MindX founders think they've found a scientific way to measure pain and other hard-to-quantify mental health conditions, such as suicide risk, depression and post-traumatic stress disorder.

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