New ed-tech accelerator program offers $100K investments
Equity investments in each of the firms will come from a Butler University philanthropic fund, and the school is currently talking with potential additional investors.
Small Biz Startups
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IU Kelley School of Business launches co-op program in Indianapolis
The new program is one of several ways that IU Indianapolis is working to increase the number of job-ready graduates in Indianapolis and make higher education more accessible to Hoosiers.
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Purdue, High Alpha partner on business, startup programs to be housed at Bottleworks
High Alpha’s space in the Bottleworks District will house Purdue executive education programs in the Mitch Daniels School of Business alongside Purdue-connected inventors and entrepreneurs.
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ClusterTruck spins off its software platform into a standalone business
The spinoff, Empower Delivery, is targeting independent restaurant chains that have between five and 50 locations in a market but haven’t yet gotten into delivery in a big way.
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IBJ Podcast: Is a funding slowdown hitting the local tech sector?
IBJ tech reporter Susan Orr talked with local tech firms and venture funders about the trends and tells host Mason King about their concerns and expectations.
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Articles
Indianapolis tech startup Overfuel acquires competitor
Overfuel, which launched last year, recently acquired a Washington-state-based competitor, 321 Ignition. Both companies offer a platform on which independent auto dealers can build their websites.
Venture studio High Alpha invests in Indianapolis-based Engineered Innovation Group
By working together, EIG and High Alpha say they can combine their areas of expertise and potentially speed up the process of launching new startups.
TechPoint adopts new tech tool to advance workforce goals
TechPoint is in the process of adopting a platform from MetaImpact, a local startup headed by tech entrepreneur Scott McCorkle, to help the state grow its tech workforce.
Indianapolis startup Stellar helps customers use AI
Indianapolis-based Stellar is a tech services firm that helps companies implement artificial intelligence and other technologies into their operations. The startup launched earlier this year and emerged from stealth mode this week.
Indianapolis consulting startup Stitch lands $3.3M in state incentives
Stitch, a marketing tech consulting firm, can earn up to $3.3 million in state economic incentives if it hires at least 100 Hoosiers by the end of 2027. The company launched last year out of Indianapolis venture studio High Alpha.
Cybersecurity firm Stamus Networks lands $6M investment
The funding round included participation from Indianapolis-based investors Elevate Ventures and VisionTech Partners.
Indiana’s tech firms saw smaller investments, but more of them, in Q1
Indiana-based tech firms attracted more than $47 million from venture investors in 36 separate deals last quarter, according to a new report by Indianapolis-based TechPoint.
Indianapolis startup Bereave aims to improve funeral planning
Bereave, which launched quietly in 2021, is developing an online platform where individuals can preplan the details of their funerals. The company is working to raise close to $1 million in “friends and family” funding
Engineered Innovation Group lands state tax incentives
The Indianapolis-based software development firm had one employee when it launched in December 2021. The company now has 26 employees—and big ambitions for continued growth.
Tech startup Qualifi lands $4.5M in growth capital
Indianapolis-based Qualifi, which launched in 2019, offers a platform that allows employers to quickly screen groups of job candidates via automated phone interviews.
Smart-mailbox startup rebrands as Arrive, expects to generate revenue soon
The company, which launched in 2019, hasn’t yet started earning revenue but it expects to do so by the end of the year, says founder Dan O’Toole. He said it’s also on track to meet hiring required to earn state incentives.
Indianapolis VC firm Ivy Ventures launches with $20M fund
Local entrepreneur and general partner Scott Kraege co-founded Ivy Ventures with Mike Reynolds, CEO of Indianapolis-based Innovatemap, and John Wortman, CEO and co-founder of Carmel-based Valeo Financial Advisors LLC.
High Alpha launches startup that helps marketing teams coordinate work
Indianapolis-based Tenon, which has been operating in stealth mode since December, offers a software platform that helps marketing teams plan and execute campaigns.
Chicago startup lands $3.8M in incentives to move to Indiana
Socian has developed a drone that can help gather information from the scene before police arrive. The founder says he was convinced to move to Indiana after having a good experience at an Indianapolis business accelerator program.
Carmel-based startup Blue Agilis lands $2.5M seed investment
Founded in 2021, Blue Agilis helps health care providers customize their care based on research and provides a structure to make sure that care gets delivered.
Indianapolis-based Studio Science acquires RevTech360
Steve Pruden, CEO of design and innovation consulting firm Studio Science, said the acquisition of RevTech360 adds new technical capabilities to Studio Science’s lineup.
Ag-tech startup Athian secures investors for $5M funding round
Athian expects to begin beta testing for its first product this month. The company was launched last year by Greenfield-based Elanco and Indianapolis-based High Alpha Innovation.
Local software startup Elate lands $4.9M VC investment
Indianapolis-based Elate was founded in 2019 by two former coworkers at another local software firm, Springbuk. Elate offers a platform to help organizations develop and execute their strategic plans.
Tech’s next frontier: Indiana companies are making their way to Web 3.0
Web 3.0 is built upon the core concepts of decentralization and openness. Its features include artificial intelligence, machine learning and blockchain technology.