16 Tech Executive Summary Impact Report 2022

INNOVATION IN ACTION

IMPACT REPORT

2022

16 TECH COMMUNITY CORPORATION • EXECUTIVE SUMMARY

16 TECH: INDY'S DESTINATION FOR INNOVATIO

Indiana Ave.

Indianapolis Cultu Trail Expansion

16th Street

EMC2

Innovation Building 1 HQO

8 Miles to Indianapolis International Airport

16 TECH IMPACT REPORT 2022

Located in the his

ON-DRIVEN ENTREPRENEURSHIP & ENTERPRISE Downtown Indianapolis

IU - Indianapolis

Purdue in Indianapolis

Medical & Research Corridor

ural n 16 Tech Bridge

Fall Creek

White River

storic Riverside neighborhood

2 Miles from Monument Circle

3

ABOUT 16 TECH WHAT IS 16 TECH?

HOW IS 16 TEC

An emerging innovation district in Indianapolis intentionally resourced with facilities and programs to support the tech enablement of the life sciences and advanced manufacturing industries, and the talent that drive their growth.

16 Tech is the result of support that has enable utilities) necessary to a provided startup capita engagement efforts.

At full-build out, 16 Tech is expected to be home to facilities and programs that support more than 3,000 jobs in advanced industries.

WHAT IS AN INNOVATION DISTRICT? Unlike an office park with stand-alone buildings often located in a suburban environment, innovation districts concentrate entrepreneurial resources in urban settings, bringing together startups, corporations, and academia to drive the competitiveness of regions.

WHO OWNS 16 TECH? Formed in 2015, 16 Tech Community Corporation (16TCC) is the nonprofit (501c3) landowner responsible for the 16 Tech Innovation District. As part of its work, 16TCC attracts private capital and developers to build and operate specialized facilities.

WHAT DOES 16TCC DO? 16TCC leads the physical and programmatic development of the District. We organize our work in the following pillars, each of which includes a unique DEI strategy.

1) 2) 3) 4)

Ecosystem Development District Experience Innovation Services Neighborhood & Talent Connections

16 TECH IMPACT REPORT 2022

While 16TCC expects to over time, the program and access to talent, in programs remains depe

WHO IS 16 TEC

At 16 Tech, we believe Our spaces and progra to the diverse people entrepreneurial ecosy

WHY 16 TECH?

We believe that throug innovation will take pla and with elevated impa Tech to attract business

By concentrating share makerspaces, along wit programs, 16 Tech mak scale companies, launc

CH FUNDED?

ACTIVE BUILDINGS

significant public and philanthropic ed the physical infrastructure (roads, attract vertical development and al for 16TCC, including its community

o self-fund its real estate operations mmatic work that ensures the availability nnovation and entrepreneurship endent upon philanthropy.

Innovation Building 1 (Opened 2020) Home to Indiana Biosciences Research Institute, IU School of Medicine, CICP and shared lab space for life science startups.

CH FOR?

e that everyone can be an innovator. ams are intended to be accessible and ideas that are key to a vibrant ystem.

?

gh density, proximity, and interaction, ace at a faster rate, with greater success act on our economy, also enabling 16 s and talent to Indianapolis.

HQO (Opened 2021) Innovation hub featuring coworking and flexible office space, Machyne makerspace and the AMP food hall.

ed resources including labs and th entrepreneurial services and talent kes it as efficient as possible to start and ch new products, and hire diverse talent.

Emerging Manufacturing Collaboration Center (Opened 2022) A cross-sector manufacturing innovation center that enables its members to design and deliver cutting edge manufacturing technologies.

5

BY THE NUMBERS

90+

700+ PEOPLE

WORKING IN 16 TECH

COMPANIES & ORGANIZATIONS LOCATED IN 16 TECH

55

START UPS

IN 2022

20+

RESTAURANTS & RETAILERS

65%

MINORITY-OWNED/LED & WOMEN-OWNED/LED IN THE AMP

50%

NEW CONCEPTS IN THE AMP

$500,00

IN-KIND CONTRIBU

Inclusive of memberships, space renta

550

EVENT

SINCE INCEPTION

1.9K FOLLOWERS

15.2K FOLLOWERS

6.3K FOLLOWERS

2.5K FOLLOWERS

16 TECH IMPACT REPORT 2022

$1.3 M

40

COMMUN GRANTS A

+

& S H

Technology

24%

Other*

UNIVERSITIES IN 16 TECH

35%

20%

Venture

2%

4%

5%

Life Sciences

9%

Non-Profit

Advanced Manufacturing/Hard Tech

00+

UTIONS

als & events

TS IN HQO

University

*Includes professional services

1 NEW BUILDING 250,000 SQUARE FEET TOTAL OPERATIONAL OFFICE, LAB & RETAIL SPACE IN 16 TECH

10,000+

MILLION

NITY INVESTMENT FUND AWARDED

PARTICIPATING NEIGHBORS

INVESTED IN THE SURROUNDING NEIGHBORHOODS

$127 M TOTAL CONSTRUCTION CONTRACTS

$48.2 M XBE CONSTRUCTION SPEND

7

ECOSYSTEM DEVELOPMENT Our goal: Attract anchors, tenants, and partners that connect and strengthen the innovation ecosystem INFRASTRUCTURE TO DATE

$104 MILLION

$45 MILLION

INFRASTRUCTURE PROJECTS COMPLETED OR IN PROGRESS BY 16 TECH ESTIMATED CAPITAL NEEDED TO COMPLETE 16 TECH INFRASTRUCTURE

VERTICAL DEVELOPMENT TO DATE

$150 MILLION $41 MILLION $109 MILLION 9 PARCELS

REMAINING TO BE DEVELOPED

TOTAL CAPITAL INVESTED IN VERTICAL DEVELOPMENT CAPITAL INVESTED BY 16 TECH CAPITAL INVESTED BY THIRD-PARTY DEVELOPERS

$600 MILLION

ESTIMATED TOTAL INVESTMENT IN 16 TECH BY 2030

DEI STRATEGY: Create equitable opportunities for participation in all aspects of the development of 16 Tech and connect district anchors and tenants to best practices in procurement and inclusive talent.

16 TECH IMPACT REPORT 2022

DISTRICT EXPERIENCE Our goal: Create a welcoming, inclusive, and vibrant culture in 16 Tech

550

EVENT BREAKOUT:

COWORKING 240 AMP 200 MACHYNE 116

EVENTS IN HQO

HQO EVENTS WELCOMED MORE THAN

37,000 ATTENDEES

2 WALK & TALKS

ALONG INDIANA AVE WITH THROUGH2EYES

4 COMMUNITY UPDATES VIRTUALLY CONNECTING 200+ ATTENDEES

DEI STRATEGY: Foster equitable access to the facilities and resources in 16 Tech and create an inclusive and diverse culture through events, programs, and engagement activities that connect cross-sector, and cross-cultural networks.

9

INNOVATION SERVICES Our goal: Ensure a continuum of resources in 16 Tech to advance innovation-driven entrepreneurship AT MACHYNE:

90+

TRAINING & CLASSES

10

FREE DESIGN SEMINARS

80+ ENTREPRENEURS

TRAINED TO START THEIR OWN BUSINESS THROUGH COMMUNITY EVENTS

6 BUSINESS SUPPORT CLASSES FOR AMP TENANTS

1 NETWORKING SERIES LAUNCHED CREATING CONNECTIONS WITH INITIAL EVENTS FOR LIFE SCIENCES AND DATA ANALYTICS

DEI STRATEGY: Seek entrepreneurial support partnerships that specialize in serving unique populations, ensuring these partnerships reflect diversity, equity, and inclusion standards necessary to support underrepresented entrepreneurs and their enterprises.

16 TECH IMPACT REPORT 2022

NEIGHBORHOOD TALENT & CONNECTIONS Our goal: Lower barriers for neighbors to participate in and contribute to the innovation economy

$1.3 MILLION $18,000+

IN COMMUNITY INVESTMENT FUND GRANTS FROM 2020-2022

NEIGHBORHOOD SPONSORSHIPS IN 2022

100+ STUDENTS

ENGAGED THROUGH REGENERATION INDY SUMMER CAMP AT MACHYNE

35 RESIDENTS SUPPORTED

BY SCHOLARSHIPS TO ACCESS THE MAKERSPACE OR COWORKING SPACE AT 16 TECH

INDY WINTER FARMERS MARKET

20,000+ ATTENDEES

$13,000

IN SNAP BENEFITS REDEEMED

DEI STRATEGY: Engage neighbors in the creation of functional pathways and inclusive access to advanced industries through investments and programs that align neighbors’ skills, competencies, and businesses with high-quality firms’ needs for talented workers.

11

16TCC FINANC Philanthropic - Capital Projects

59% Philanthropic – Other

Real Estate Operating Revenue

14%

2022 REVENUE & SUPPORT $23.8M

12%

12% Tax Credits

3%

Interest and Other Income

Programming

Management & General

Real Estate Operations

16 TECH IMPACT REPORT 2022

7% 4%

12%

55%

Located on land formerly own Water Company, much of 16 T operations has occurred unde and sanitary infrastructure an development parcels. This wo public and philanthropic supp financial position: 99% of 16 T the capital sourced to date ha development of the District. P also represented more 50% of

Yet, the success and vibrancy much on the social infrastruct Your support enables 16TCC to

22%

Pre-Development Fundraising

WHY YOUR SUPPOR

2022 OPERATING EXPENSES $6.7M

1) Programs to engage our n 2) Events to support diverse cross-cultural networks, a 3) Resources for entreprene they seek to start and sca

CIAL INFORMATION

99%

1%

RT MATTERS

ASSETS AS OF DEC. 2022 $139.4M

ned by the Indianapolis Tech’s work in its first five years of erground – upgrading the city’s water nd creating utility access to future ork has been funded through significant port that is reflected in 16 Tech’s Tech’s assets as of 12/31/22 and 89% of ave been used to support the physical Philanthropic support for capital projects f 16 Tech’s income in 2022.

of innovation districts depend just as ture as the physical infrastructure. o ensure the availability of:

neighbors, e talent and develop cross-industry, and eurs and innovators and the companies ale.

Fixed/Placemaking Assets

Other Assets

Philanthropic

27%

11%

CAPITAL SOURCES SINCE INCEPTION $197M

34%

City of Indianapolis

Capital Projects Operating Support

18%

8%

89%

State of Indiana

13% Private Debt

Federal

13

HOW TO WORK AT 16 TECH

Join our makerspace machyne.cobot.me or explore our coworking space 16tech.cobot.me

REFER AN INNOVATION-DRIVEN ENTERPRISE Connect innovators to our facilities, resources and programming.

LEASE OR BUILD Contact Eric Miller, emiller@16tech.com about leasing and vertical development opportunities.

SPONSOR OR DONATE

Donate here or learn about opportunities to support 16 Tech’s placemaking projects or programs, by contacting Emily Krueger, ekrueger@16tech.com

16 TECH IMPACT REPORT 2022

ENGAGE JOIN US

There’s always something happening at 16 Tech.

Subscribe to get events in your inbox weekly.

TAKE A TOUR

Explore 16 Tech with one of our team members, info@16tech.com

PLAN A MEETING OR EVENT 16 Tech offers space for events small and large.

Reach out to our team here.

FOLLOW US ON SOCIAL

15

VIEW FULL REPORT

LEARN MORE: 16TECH.COM

VISIT: 1220 WATERWAY BLVD, INDIANAPOLIS, IN 46202