Jim Jay, president and CEO of statewide technology advocacy group TechPoint for the past six years, is stepping down to take a job in the private sector.
Jay, 43, is leaving the Indianapolis-based organization to become chairman, president and CEO of San Diego-based Vinculum Communication Inc., he said Sunday in a letter announcing the move to TechPoint board members.
He will remain at TechPoint through Oct. 31, he said.
"While Vinculum is based in San Diego, I will remain based in Indianapolis," Jay said in the letter. "The company generates $40 million a year in revenue and has been funded by several central Indiana investors, including me. This opportunity will allow me tap my own entrepreneurial desires. "
Jay joined TechPoint in 2004 as chief operating officer and replaced Cameron Carter as CEO in late 2006.
The state's best-known technology promotional group, TechPoint was formed in 2002 when the former Indiana Information Technology Association merged with the Indiana Technology Partnership. The group is part of the Central Indiana Corporate Partnership, which includes economic growth initiatives BioCrossroads, Conexus Indiana, Energy Systems Network and Indy Partnership.
“Under Jim’s leadership, TechPoint has truly become the voice of Indiana’s technology sector,” said TechPoint Chairman Mark Hill in a prepared statement. “He’s focused on the issues that matter to tech employers, investors and entrepreneurs – workforce development, access to capital, a pro-innovation public policy agenda and more.”
Jay also is managing director of HALO Capital Group, an early-stage funding group directed by TechPoint that makes seed investments between $250,000 to $2 million to Indiana based companies. The group has invested more than $19 million in 14 companies in the past four years.
CICP and TechPoint leaders said Monday morning that they have begun a search process for Jay's successor.