The State of Entrepreneurship

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The State of Entrepreneurship

A monthly email highlighting notable events, programs, and announcements regarding entrepreneurship in Indiana. Subscribe here. 

Startup Competition

Simon Venture Group is now accepting applications for its 2nd annual retail startup competition in collaboration with Silicon Valley’s Plug and Play Ventures (the #1 retail accelerator in the world).  They will be selecting up to 3 companies to win a $25K minority ownership investment, a 12-week accelerator opportunity in Silicon Valley, free office space for 1 year at any Simon property, mentorship, and a potential follow-up investment by Simon Venture Group and Plug and Play Ventures.  If you’re a startup innovating physical retail space, ecommerce platforms, retail data analytics, local and personalized commerce, smart cities, or a rising new retail brand, apply here to enter into this competition. January 7 is the deadline for applications.

SBA Loans

On December 2, the Small Business Administration celebrated small business lending. In FY2015, the SBA made more than 1,400 loans to Indiana small businesses and invested more than $500 million dollars back into the Indiana economy. If you’re looking for capital, the SBA guarantees as much as 85 percent of loans up to $150,000 and 75 percent of loans of more than $150,000. The maximum loan amount is $5 million. To learn more, contact your Regional ISBDC office.

Indiana Small Business Statistics

We’re often asked for stats on small businesses in Indiana. To make this information easily accessible, we’ve created a landing page on the OSBE website that highlights small business statistics in Indiana. Please use these statistics as you see fit; however, please cite the source when utilizing each statistic. Are you looking for a statistic that’s not here? Tell us; we’ll do our best to track it down.

I look forward to sharing the State of Entrepreneurship next month and to continue to assist Indiana entrepreneurs start stronger, grow faster, and work smarter.

JacobSignature

Jacob Schpok
ISBDC State Director
OSBE Executive Director

Interested in Partnering with the ISBDC? Find out more »