HOOSIER ENTREPRENEURSHIP

Background: Indiana’s higher education assets and history of successful startups create a robust environment for entrepreneurship. However, we launch significantly fewer new ventures than similarly sized coastal markets and have less venture capital available ($5 billion in Indiana vs. $320 billion in Boston).

• New R&D ventures were launched at two times the rate in Boston than Indy over the last 20 years.
• Boston’s venture capital ecosystem is currently valued at $320 billion, compared to Indiana at $5 billion.

Policy Solution: Support continued investment by the state into venture capital to support companies in the growth phase and continue to optimize the state’s tax climate to encourage both starting and growing young companies.