Lilly Endowment Inc. has donated $1.3 million to TechPoint to help launch the new Xtern program, TechPoint announced Thursday.
Interns in the first Xtern program will live together at IUPUI and work at 12 of the city's tech companies, including ExactTarget, Interactive Intelligence, Apparatus, HC1, Smarter Remarketer and Tinderbox.
The program will kick off this month with 50 college students, all software developers and engineers. Students will come from Indiana University, Purdue, Rose-Hulman, Ball State, IUPUI, Taylor, Texas A&M and Illinois.
TechPoint is an Indianapolis-based group that promotes the state's technology industry.
Xtern is part of pilot program called IndyX, designed to attract and keep young professionals in central Indiana.
A second part of IndyX is called Xpat, a series of events and programs for out-of-towners or expatriates that began in December.