The State of Entrepreneurship
A monthly email highlighting notable events, programs, and announcements regarding entrepreneurship in Indiana.
February 27, 2014
Global Innovation Summit
Last week I had the pleasure of attending the 2014 Global Innovation Summit in Silicon Valley. Over the three-day summit, I spoke with entrepreneurs across the world on how to advance innovation in Indiana. While I blogged and tweeted my experience, below are three over-arching themes from the summit:
- Innovation thrives when culture overcomes social barriers and fosters connectivity, trust, and collaboration between diverse people. Silicon Valley is not a place, it’s a state of mind.
- When building an innovation ecosystem, create your team and just start doing. Make mistakes and learn from trial and error. Strategy develop can be important but can also slow down progress. Whatever you do, remember the vision.
- Crowd funding is here to stay. The sooner we embrace it, the sooner we can build it into our state and local innovation ecosystems. We need to capitalize on this opportunity.
New Website – inSourceCode Partnership
Have you visited our new and improved website? Through a state partnership with inSourceCode, we have created a new, mobile friendly, website which better serves Hoosier entrepreneurs. Over the next year, inSourceCode will be traveling the state hosting workshops educating entrepreneurs on options for website development, how to engage online, and the impact of the web toward the bottom line. Learn about other ISBDC partnerships that provide a measurable impact on Indiana small business.
Companies to Watch
Apparatus, MainGate, and Sun King Brewery are just three successful, second-stage companies that have been honored as previous Indiana Companies to Watch (CTW) award winners. The program honors companies demonstrating a high performance in the marketplace or exhibiting innovative products or processes. Award recipients are selected by a panel of judges representing areas of economic development, banking, entrepreneurship, and small business. Judges look for evidence of high growth in employment rates and revenue. In addition to being evaluated on past growth and projected success, applicants are also judged on their special strengths. We’re looking for winners across Indiana in both urban and rural markets.
In 2013, the 33 CTW winners had combined revenue of $422 million and created 345 new jobs in that one year alone. Is there a business in your community worth of being called an Indiana Company to Watch? Nominate them today. Have questions on how to nominate a business? Visit our frequently asked questions page.
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.
ISBDC State Director
OSBE Executive Director