The University of Notre Dame is getting $42.4 million to help accelerate regional innovation as well as workforce and economic development in northern Indiana.
The grant announced Friday is from Indianapolis-based Lilly Endowment Inc. to form the Labs for Industry Futures and Transformation Network, known as the LIFT Network.
The 5-year grant will bring together Notre Dame, the South Bend-Elkhart Regional Partnership and other key regional stakeholders. Aims include helping to further advance the region as a leader in next-generation manufacturing, entrepreneurship, applied analytics and technology.
The grant is expected to help leverage additional LIFT Network funding. Regional leaders envision a total combined investment reaching nearly $170 million.
The LIFT Network is the sixth Indiana regional community and economic development initiative that the Lilly Endowment has supported since 2007.