Entrepreneur Randy Stocklin joins Pragmatico as co-CEO, co-founder
Stocklin joins as Pragmatico, launched last year by serial entrepreneur Santiago Jaramillo, is shifting its focus from workshops to consulting.
Small Biz Startups
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Growth mindset: How adding staff moves solo entrepreneurs from overwhelmed to opportunity
More than 80% of small businesses in the United States operate without employees, and many entrepreneurs thrive by staying solo. For others, it’s not a sustainable path. But deciding when and how to grow the team can be challenging.
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Checking in with past winners of Rally’s IN-Prize pitch contest, aimed at bringing startups to Indiana
The pitch contest, which comes with the potential for up to $1 million in rewards for each of the winners, returns this week as part of Elevate Ventures’ annual Rally innovation conference.
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Lingering conflict means angst for startup community
Indianapolis-based Elevate, a nonprofit venture investment firm, has been operating under a cloud since late April when state officials froze its funding.
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Fishers-based smart-mailbox company Arrive AI set to go public this week
The company, which has developed a smart-mailbox system for drone delivery, said it expects to begin trading on the Nasdaq exchange.
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Articles
New Indianapolis venture studio aims to launch 8-12 startups in next few years
Indianapolis-based Alloy Partners says its OneHealth Studio, a venture studio that quietly began operating last month in partnership with Elanco Animal Health Inc., will be ready to create its first startups early next year.
Carmel-based Spektrum Labs secures $10M seed round
Local tech entrepreneur J.J. Thompson, who sold his previous tech firm, Rook Security, in 2019, is at it again with a new startup, Spektrum Labs.
Fishers-based Arrive AI sues former business consultant it alleges stole trade secrets
In its complaint, the company accuses the former consultant of interfering with its business opportunities, including what is described as a potentially multibillion-dollar deal with a large logistics company.
Software firm opens ‘living lab’ in Carmel as it works to raise first-ever venture investment
Carmel-based software company Alleo, which launched in 2019, opened a space that’s part showroom, part test and demo space for new and existing users of its online collaboration platform.
IEDC approves $10M in federal funding to launch Indianapolis venture studio
The Indiana Economic Development Corp. approved $10 million in federal funding for the planned OneHealth Venture Studio, which will operate on Elanco Animal Health’s new Indianapolis campus.
Scott Dorsey to Rally crowd: AI age reminiscent of dawn of the internet, but ‘so much faster’
At the annual Rally innovation conference, High Alpha founder Scott Dorsey joined Colorado-based tech entrepreneur Godard Abel for a chat about who will win—and who will lose—in the age of artificial intelligence.
Carmel software firm reaches settlement in legal dispute with former business partner
Carmel-based Max Minds, which does business as Alleo, had been embroiled in a legal dispute with a Virginia-based business partner since 2023, with each party suing the other.
Fishers-based Arrive AI books first-ever revenue in Q2
Fishers-based Arrive AI, which secured its first patent in 2014 and launched as a company in 2019, reported its first-ever revenue during the second quarter, the company announced Thursday.
Indianapolis-based software firm Metaimpact lands $5M investment
Metaimpact, a software company led by longtime local tech executive Scott McCorkle, has now raised $45 million since its launch in December 2018.
Marketing tech startup Backstroke lands $2.8M investment
Indianapolis-based marketing tech startup Backstroke Inc. has raised a total of $4.8 million in outside investment since its launch in 2024.
Indianapolis biz leader picked to lead new state Office of Entrepreneurship and Innovation
Indiana’s new Office of Entrepreneurship and Innovation is expected to focus on Main Street businesses—small businesses that are not venture-backed, not easily scaled and found in many towns and cities across the state.
Amid ongoing Elevate Ventures funding freeze, some companies approved for investments
Also, at Wednesday’s meeting, the IEDC board’s entrepreneurship committee updated the investment policy for the Indiana Angel Network Fund III LLC—the investment fund managed by Elevate Ventures through which the SSBCI money flows.
Indy-based BCforward invests $1M in Indianapolis AI consulting startup
BCforward founder Justin Christian said the Stellar investment is one of several moves his company has made over the past year or so to position the company for future growth.
IU grad Mark Cuban offers advice on entrepreneurship, AI to Indy audience
Cuban visited Indianapolis on Wednesday to speak to a standing-room-only crowd at the Global Entrepreneurship Congress at the Indiana Convention Center.
Buzzy British sports-tech startup expands North American presence—starting in the Indy area
Ai.io, a British sports-tech startup, was named to Fast Company’s 2025 list of top 10 most innovative sports companies.
Global gathering in Indianapolis emphasizes power of entrepreneurship
The Global Entrepreneurship Congress kicked of Monday with a discussion led by Gov. Mike Braun and companies including Eli Lilly. An associated event featured a fireside chat between High Alpha Managing Partner Scott Dorsey and business author Brad Feld.
Indianapolis-based Prevounce Health on navigating tariff uncertainty
The med-tech company sources its products from a Chinese manufacturer that is one of very few in the world capable of producing cellular-connected medical devices.
Governor’s IEDC moves raise questions about planned VC growth fund
Almost exactly one year ago, Indiana officials publicly announced a significant entrepreneurial resource the state had been quietly working on for several years—the launch of a $100 million investment fund to help young companies scale up their businesses. A lot has changed since then.
Venture Club event hopes to capitalize on momentum from adjacent global gathering
The Venture Club of Indiana’s annual Innovation Showcase is an official side event of this year’s Global Entrepreneurship Congress, and the Venture Club is hoping to capitalize on the momentum of that much larger event.