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Indiana Venture Center shutting down

December 1, 2008
The Indiana Venture Center, a local not-for-profit that mentors Hoosier entrepreneurs and startup companies, is shutting its doors. Center President Jim Eifert announced Nov. 21 that it will end operations Dec. 31.

Founded in 2003, the center focused on stimulating high-tech deal flow and connecting entrepreneurial people. Eifert said it helped more than 100 local companies, 40 of which found investors.

The center also linked hundreds of university students and faculty members with startups to help with projects. Its offices are on the north side of downtown at 902 North Capitol Ave.

Eifert said the need for services has waned because other groups, such as the TechPoint technology promotion group, BioCrossroads life sciences initiative, the Indiana Economic Development Corp. and the angel investors' network HALO Group have emerged during the last five years to serve entrepreneurs.

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