Governor Holcomb’s plan to invest $1 billion in innovation and entrepreneurship in Indiana, which centers on collaboration and strategic partnerships, will strengthen and accelerate Hoosier innovation, ensuring that Indiana plays a leading role in solving 21st century challenges while supporting long-term economic growth, job creation and talent attraction.
Governor Holcomb has directed the Indiana Economic Development (IEDC) to coordinate and oversee the state’s strategy to accelerate innovation and entrepreneurship across Indiana. Through an executive order issued on July 14, the Office of Small Business and Entrepreneurship (OSBE) and its programs, including the Indiana Small Business Development Center (ISBDC), Procurement Technical Assistance Center (PTAC) and Small Business Ombudsman, will be integrated into the IEDC to align and enhance effectiveness of the state’s efforts, creating a one-stop shop of resources, experience and information for entrepreneurs and job creators at all stages of growth and development, partners and investors.
“We relocated from Illinois because of state-driven startup funding innovations like Elevate Ventures and VCI credits for angel investors, as well as the top-shelf talent from the state’s universities. We stay because of entrepreneurial leadership and support from the city of Fishers and the state of Indiana, peer support from TechPoint, the Venture Club, Launch Fishers and the Indiana Chamber, and because we’re within a day’s reach of 80% of the agricultural, manufacturing, life sciences and transportation companies that are the first to be transformed by the Internet of Things. These same industries are core to the Indiana economy, and so this investment catapults our state into a global leadership position as the hub for entrepreneurial IoT. We were already the state’s fastest-growing IT services company over the last two years, and will clearly remain so -- and firmly planted in Indiana -- because of this plan."
John McDonald, Chief Executive Officer
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