TechPoint, an Indiana technology advocacy group, has landed a $1.4 million grant from Lilly Endowment Inc. and it plans to use the funds to help attract and retain tech talent.
TechPoint announced Wednesday that the endowment approved the grant. It's the second such grant from Lilly Endowment in just over two years.
TechPoint intends to use the grant to fund its Xtern program, which brings together tech-skilled college students with Indianapolis-based companies for internships.
Fifty students out of more than 600 applicants were selected as Xterns for the first class in summer 2014, TechPoint said. This year, 108 students participated in the Xtern program.
“As the Xtern program helps these students prepare for careers in technology fields, they learn that our region has much to offer them professionally and they see that Indianapolis is a great place to build a future,” said Sara Cobb, Lilly Endowment’s vice president for education, in a prepared release.
Officials said the new grant also will fund a post-graduate fellowship program, offering salaried work and events designed to help fellows build career networks.
The endowment's first grant to TechPoint, a $1.3 million grant in 2013, helped launched the Xtern program.