16 Tech 2023-2024 Impact Report

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WHERE INNOVATORS

Dear Friends,

“16 Tech is having a moment.” As the Indianapolis Business Journal wrote in late 2023, 16 Tech is realizing the long-held vision for a hub of entrepreneurship and innovation in Central Indiana.

Today, three years after opening, 16 Tech is home to more than 200 member companies. It’s the only place in the state where all three of Indiana’s Tier 1 research universities are located. And building anchors like the Indiana Biosciences Research Institute, Central Indiana Corporate Partnership, and the Emerging Manufacturing Collaboration Center are fostering collaboration between academia, industry and entrepreneurs.

This progress would not be possible without the ongoing support of public, private and philanthropic partners whose investment is transforming the 50-acre district into a thriving ecosystem.

And the flywheel effect is just starting.

In 2023, 16 Tech welcomed more than 260,000 visitors, an increase of 70% since the district opened. Construction of the 16 Tech bridge has increased the number of shovel ready sites in 16 Tech to seven, and 16 Tech is pre-leasing additional lab enabled space to support the growing life sciences ecosystem.

In our 2023-2024 impact report, we’re excited to share stories that highlight the impact 16 Tech is having today as well as the opportunities ahead. You’ll read about:

• Five high-impact startups growing their businesses as a result of the resources in 16 Tech;

• Upcoming additions to 16 Tech including the Heartland Bioworks headquarters, IU School of Medicine Center for Diabetes & Metabolic Diseases Research Lab, Purdue’s Manufacturing Materials Research Laboratories and the Ivy Tech Manufacturing Innovation Center in Partnership with Eli Lilly Company; and

• 16 Tech’s community impact in the Near West and Near Northwest neighborhoods of Indianapolis.

As 16 Tech continues to grow, we remain focused on attracting partners and companies to 16 Tech while developing an inclusive, collaborative community where innovation flourishes.

Thank you for being a part of our journey.

16 Tech Community

INNOVATION BUILDING 1

OPENED 2020

HQO INNOVATION HUB

OPENED 2021

EMC2

OPENED 2022

$104 MILLION

INFRASTRUCTURE COMPLETE OR IN PROGRESS

200 COMPANIES & ORGANIZATIONS

$150 MILLION

CAPITAL INVESTMENT IN VERTICAL DEVELOPMENT

1,000+ PEOPLE WORKING IN 16 TECH

280,000 SQ. FEET OF INNOVATION SPACE

21

RESTAURANTS & RETAILERS

260,000+ VISITORS ANNUALLY

380+ EVENTS ANNUALLY

40,000+ EVENT ATTENDEES ANNUALLY

1 OF 45 DISTRICTS WORLDWIDE MEMBER OF THE GLOBAL INSTITUTE ON INNOVATION DISTRICTS

$3 MILLION

IN-KIND CONTRIBUTIONS SUPPORTING COMMUNITY ACCESS SINCE 2021

$1.8 MILLION INVESTED IN NEIGHBORING COMMUNITIES SINCE 2019

60 SPONSORED MACHYNE & COWORKING MEMBERSHIPS SINCE 2021

58

COMMUNITY INVESTMENT FUND GRANTS SINCE 2019

5 STARTUPS INNOVATING FROM 16 TECH

Dr. Alicia Mckoy, CEO & Founder, Peak Mind
Jay Shah, Co-founder & CEO, Neurava
Karen Wurster, CEO, Adipo Therapeutics
Spencer Mae-Croft, CEO & Founder, Rogue.Ai
Ganesh Gandhieswaran, CEO & Co-founder, Conversight

CONVERSIGHT IS PIONEERING THE FUTURE OF BUSINESS DATA INTELLIGENCE

What if leaders could filter out all data noise in their business and focus solely on the information they need right when they need it? ConverSight, born from the vision of co-founders Ganesh Gandhieswaran and Gopinath Jaganmohan, offers just that with their generative AI-powered analytics platform. It transcends traditional dashboards by converting disorganized data into meaningful business insights that leaders can easily use. This innovative conversational insight empowers leaders to make faster, more confident decisions. Located in the HqO Innovation Hub at 16 Tech, ConverSight thrives, drawing from a nexus of innovation inspiration and resources for the rapidly growing startup.

The company’s journey began in a garage in 2017 with a vision to democratize business analytics. “Not everybody can just hire data analysts or data scientists,” Gandhieswaran points out. ConverSight’s central data platform, with its AI assistant, Athena, gives real-time insights and analytics across business operations, from supply chains to sales, without the need for in-depth data expertise. However, a garage wasn’t the space of innovation the growing company needed to bring their product to a larger market. “As a startup company, every year we are doubling. My space should grow with

me,” he says. In 2022, the company relocated to 16 Tech. Gandhieswaran says that the move has positively contributed to the company by serving as a space that encourages creativity and collaboration for his 30-person team.

“Anyone who comes to ConverSight, our current employees or anybody, loves our space. I think it’s the openness—you feel unlimited,” Gandhieswaran says. The transition to 16 Tech was fundamentally about fostering inspiration. “As a growing company, we need to be very creative and collaborative. So our space must also be creative and collaborative; that’s important,” Gandhieswaran says. Since relocating to 16 Tech, ConverSight has doubled its customer base and expanded into global markets. Last year’s $9 million Series A funding has propelled further product enhancements, including a state-of-the-art user interface and the introduction of an AI workbench, a marketplace, and GPT-powered modeling capabilities.

Looking ahead, Gandhieswaran and his team are driving forward with new technologies and product advancements, confident that 16 Tech offers the ideal environment for groundbreaking work. “We’ve been building ChatGPT for business data analytics right here,” he says, “building next-gen technology and empowering customers all over the world from 16 Tech.” WATCH VIDEO HERE LOCATED IN HQO

JOINED 16 TECH

2023 SERIES A FUNDING $9 MILLION

“(WE’VE BEEN) BUILDING NEXT-GEN TECHNOLOGY AND EMPOWERING CUSTOMERS ALL OVER THE WORLD FROM 16 TECH.”
– GANDHIESWARAN

ADIPO THERAPEUTICS IS TRANSFORMING THE FIGHT AGAINST OBESITY AND DIABETES

Roughly 42% of people are living with obesity and 11.6% with diabetes today, according to the CDC. Alarmingly, research predicts by 2030, half of all Americans will fall into the obese category. The consequences of this trend are not just a matter of increased healthcare costs: it’s a crisis that significantly diminishes the quality of life for millions, leading to health issues ranging from heart disease and stroke to certain types of cancer and type 2 diabetes.

Founded in 2016 by Meng Deng, Ph.D. from Purdue University, Adipo Therapeutics is confronting this crisis head-on. The startup is developing a novel therapeutic to combat obesity and type 2 diabetes by biochemically transforming white fat into calorieburning brown fat, aiding in weight loss and better blood sugar control.

In 2020, the biopharma company sought to assemble a larger team, moving out of its Purdue University lab into a private lab space that fit a constrained startup budget. That’s when CEO Karen Wurster joined the team. “Our company is small, and we only had one full-time scientist in the group, so we wanted to make sure that we had a place where we didn’t feel isolated,” she says. “We wanted to be part of a bigger, innovative startup community to make it a more exciting place to work.”

Adipo was one of the first tenants to move into the Indiana Biosciences Research Institute (IBRI) in 2020. The research institute located in Innovation Building 1, offers lab space and equipment to start-ups like Adipo looking to transform research into real-world applications that positively impact human health.

The space offered not just a fully equipped lab that helps to advance their science, but also a dynamic environment that fosters innovation and interaction within the startup ecosystem.

The support from the IBRI has been a game-changer for Adipo, according to Wurster. The lab’s resources helped the Adipo team advance its science, leading to a significant milestone: securing an additional $1.9 million in funding. To date, Adipo has secured $4 million in seed financing to propel the progress of its primary product, ADPO-002NP.

“Both on the science and business side, I feel like we’ve had the advantages of being in IBRI at 16 Tech,” says Wurster. Leveraging the vibrant community and state-of-the-art facilities provided by IBRI at 16 Tech, Adipo is paving the way for new treatments that could significantly alter the landscape of obesity and diabetes management.

“ BOTH ON THE SCIENCE AND BUSINESS SIDE, I FEEL LIKE WE’VE HAD THE ADVANTAGES OF BEING IN IBRI AT 16 TECH.” – WURSTER

ROGUE.AI ENVISIONS A FUTURE WHERE TECHNOLOGY AND FARMING WORK HAND IN HAND

Spencer Mae-Croft always knew he wanted to combine his background in computer science with his passion for his hometown. His deep-rooted connection to his small farming community inspired him to envision a future where technology and farming worked hand in hand. This led him to the world of agtech, where he began the ambitious task of building an 800-pound drone.

Mae-Croft’s company, Rogue.Ai, creates drones that help farmers use fewer chemicals in their fields, saving them time and money. This is being made possible by leveraging new cutting-edge technologies. Initially, Mae-Croft was a one-man show, learning to build drones independently, but over time, his passion and perseverance attracted like-minded individuals, and his team grew. This evolution demonstrated that innovation thrives on collaboration.

Like many startups, Rogue.Ai faced financial challenges. The vision was clear, but the funds to achieve it were not. However, Mae-Croft’s breakthrough came when he moved to 16 Tech. Access to advanced tools and machines allowed him to stretch his capital further, continuing development without the burden of purchasing expensive equipment. His studio space in Machyne Makerspace launched new connections, including multiple investors who met Mae-Croft while touring 16 Tech.

LOCATED IN MACHYNE, HQO MOVED TO EMC2 (2024)

YEAR FOUNDED 2020

Rogue.Ai is focused on it’s launch. With this milestone, they can start demonstrations, showcasing drones over Indiana’s farms. These demonstrations are crucial, as they allow farmers to see the drones in action, witnessing firsthand the potential to revolutionize their work. The excitement is palpable, and the team at Rogue.Ai is driven by the belief that they are on the cusp of something truly transformative.

To continue the journey, growth and transition were necessary. Mae-Croft is graduating from Machyne Makerspace and moving on to EMC2, ready to embrace this next chapter with more space while maintaining connections to the 16 Tech community. The move offers Spencer more space for his growing team and product, ensuring that Rogue.Ai can continue to innovate and expand.

JOINED 16 TECH 2022

MACHYNE GRADUATE 2024

“It’s worth it. You go from being misunderstood to people asking how you did it,” Mae-Croft advises other entrepreneurs. His journey is a testament to the power of perseverance, innovation, and the unwavering belief in a vision. As Spencer and his team look to the future, they are more committed than ever to making a lasting impact on the world of agriculture, one drone at a time. WATCH VIDEO HERE

“YOU GO FROM BEING MISUNDERSTOOD TO PEOPLE ASKING HOW YOU DID IT.”
– MAE-CROFT

PEAK MIND COMBINES SCIENCE, SOFTWARE, AND VR TECHNOLOGY

TO TRANSFORM WELLNESS IN THE WORKPLACE

Some stress is useful. It sharpens our awareness of danger or helps us meet pressing deadlines at work. Unchecked, however, high stress levels can wreak havoc on our lives, driving us into an endless cycle of fightor-flight. Americans are some of the most stressed-out employees in the world, according to Gallup’s 2023 State of the Global Workplace report.

Alicia Mckoy, Ph.D., CCWS, is the CEO and founder of the innovative start-up Peak Mind and is tackling this pressing concern head-on. Operating out of the Emerging Manufacturing Collaboration Center (EMC2) in 16 Tech, Mckoy developed research-backed software that introduces businesses and their employees to a blend of tools to boost well-being at work. Combining the latest research in neuropsychology, biometrics, and cutting-edge AR and VR technology, Mckoy is helping Indiana workers identify, measure, and reduce their stress in real time.

Mckoy spent five years researching neuropsychology and became a certified corporate Wellness Specialist (CCWS) to understand what drives mental well-being in the workplace. She interviewed more than 100 mental health experts and professionals, accumulating mindfulness techniques and effective cognitive

LOCATED IN EMC2 MOVED TO HQO (2024)

behavioral therapy practices, providing the foundation for Peak Mind in 2020. Today, the Peak Mind app has a library of more than 150 ‘mental spa’ action steps to reduce stress. It also measures users’ stress in realtime, empowering employees to thrive in the moments they feel most stressed. Peak Mind received an Indiana Innovation Voucher Grant through the IEDC to help scale the company’s efforts to connect chronically stressed workers with real-time wellness intelligence using wearable technology.

“One of the benefits of being at 16 Tech is you get to meet and network with people and organizations that can help advance your company and collaborate on meaningful projects such as these,” Mckoy says. The grant supported Peak Mind’s membership to a statecertified testing lab and research facility inside EMC2. “EMC2 has true 5G WiFi speed so that I can use my VR devices with greater data capture and processing on an edge computing server,” Mckoy explains. “If you come to my lab I can show you your biodata and discuss how it correlates to stress levels — your heart rate, heart rate variability, blood pressure pupillometry, and cognitive load or overload. If you’re using any wearable, you would want your data to be encrypted and protected while edge computing. Those are the two main things I’ve chosen to do with our VR hardtech and biosciences research and development at EMC2 and 16 Tech, which is why I’m here.”

INDIANA INNOVATION VOUCHER 2023 RECIPIENT

WATCH VIDEO HERE

“ONE OF THE BENEFITS OF BEING AT 16 TECH IS YOU GET TO MEET AND NETWORK WITH PEOPLE AND ORGANIZATIONS THAT CAN HELP ADVANCE YOUR COMPANY” – MCKOY

NEURAVA IS ON A MISSION TO SAVE LIVES THROUGH INNOVATIVE EPILEPSY CARE

While earning their PhDs in electrical engineering at Purdue University, Jay Shah and Vivek Ganesh discovered a startling gap in epilepsy care: 35% of people with epilepsy in the U.S. are resistant to medication, leaving them at a drastically increased risk of SUDEP (Sudden Unexpected Death in Epilepsy) and the market lacked an effective solution for mitigating this risk. So, in 2019, the duo embarked on creating a groundbreaking wearable device.

“Our wearables would not only do seizure detection but also be able to monitor other physiological signals that can enable us to mitigate the risk of SUDEP,” Shah explains. “When the devices detect something, it will send an alert to a caregiver so that they can intervene at that moment, if needed, and perform some lifesaving intervention.”

To bring their product to life, Shah sought a space that could meet their venture’s dynamic needs. In 2023, he set his sights on the HqO Innovation Hub at 16 Tech. In the coworking space, Shah found more than just an office; he has discovered a thriving ecosystem, where regular interactions with investors, fellow startups, and a dynamic innovation community are sparking new possibilities and driving Neurava’s mission forward.

“I liked 16 Tech because it has great resources and is a really good ecosystem for startups,” Shah says. “In startups and entrepreneurship, networking is basically one of the big ways that you can make or break. Networking events, being closer to some of our current and potential investors, and surrounding ourselves with people in similar industries help us broaden our network. I think that has been one of the biggest benefits of being at 16 Tech.”

Right now, the powerhouse team at Neurava is small— just two full-time employees. At 16 Tech, Shah often runs into other startups tenants that lead to fruitful conversations. Shah says Glassboard, a product engineering company, recently helped him brainstorm potential ideas to solve a problem. “We got to pick their brain a little bit about some insights that helped us solve a problem we were facing,” he says. “Being in a community where you can have those experiences and those types of conversations is great.”

In 2023, Neurava was a finalist for MedTech Innovator, earning a $25,000 prize and recently announced the close of an oversubscribed Series Seed round of $2.26M. Over the next 12 months Shah and Ganesh aim to complete a comprehensive study of their full system and secure Series A funding, with the goal of launching their innovative epilepsy device by end of 2025.

WATCH VIDEO HERE LOCATED IN HQO

“I LIKED 16 TECH BECAUSE IT HAS GREAT RESOURCES AND IS A REALLY GOOD ECOSYSTEM FOR STARTUPS.” – SHAH

INNOVATION RESOURCES DESIGNED TO SUPPORT THE LIFE SCIENCES & HARD TECH

IBRI: LEADING TRANSLATIONAL RESEARCH

Home to the Dr. August M. Watanabe Drug Discovery Laboratory, the IBRI is a leading translational research institute advancing academic and industry science through collaboration with capabilities in diabetes, Alzheimers, and pediatric rare disease research.

MACHYNE: THE REGION’S LEADING SPACE FOR PROTOTYPING

16 Tech’s makerspace boasts the high-tech tools needed to take products from vision to reality. Machyne is currently home to IU 3D Innovations Lab, Halophore, NuTech Institute, Glassboard and more. Interested in its capabilities?

SCHEDULE A TOUR

EMERGING MANUFACTURING COLLABORATION CENTER (EMC2)

Operated by NineTwelve, EMC2 boasts a 60,000 sq. ft. manufacturing floor, an advanced communications lab, and GE binder technology. The H2 Binder Jet machine represents one of 18 prototypes globally and is the only machine outside of GE available for public use.

EMC2 TENANT SPOTLIGHT: INNOVATION IN THE FAST LANE

The Indy Autonomous Challenge gathers university teams from around the world to compete by advancing technology that can speed the commercialization of fully autonomous vehicles and deployments of advanced driver-assistance systems (ADAS) to increase safety and performance.

WATCH VIDEO

16 TECH GAINS NATIONAL & INTERNATIONAL RECOGNITION

In 2023, 16 Tech was selected as an inaugural spoke in the Advanced Research Projects Agency for Health (ARPA-H) Investor Catalyst Hub. The designation recognizes 16 Tech nationally as a place with resources to support commercialization of health innovation, increasing the competitiveness of companies in 16 Tech for ARPA-H funding and expanding access to external resources.

16 Tech accepted an invitation to join the Global Institute on Innovation Districts (GIID), an international network of 45 innovation districts in 15 countries connecting leaders to cutting-edge research and shared strategic learning opportunities. 16 Tech is the only innovation district in Indiana participating in GIID.

16 Tech is a member of the Heartland Bioworks regional tech hub, a consortium led by the Applied Research Institute (ARI) that brings together key stakeholders from industry, academia, government, and nonprofit sectors to leverage Indiana’s unparalleled collection of resources and capabilities to secure the nation’s biomanufacturing future. 16 Tech will be home to the headquarters of Heartland Bioworks.

16 TECH UNVEILS FIRST PIECE OF PUBLIC ART

In 2023, 16 Tech dedicated its first piece of public art, an 18-by-75 foot mural facing Indiana Avenue by local artist Kevin West, which was unveiled as part of the BUTTER: Fine Art Fair organized by GANGGANG along with the Indianapolis Urban League.

BUILDING EQUITABLY

16 Tech encourages the participation of XBEs in the development, design, and construction of the District. As of May 2024, construction projects in 16 Tech have contracted with 70 XBE firms and employed 2,048 individuals, of which 35% were from Marion County.

Diversity participation and workforce utilization goals are set by the City of Indianapolis and apply to the construction projects in the District whether led by 16 Tech Community Corporation or private sector development partners.

THE AMP: WHERE COMMUNITY IS THE BEST INGREDIENT

*Since Inception

Opened in June 2021, the AMP food hall is home to more than 20 restaurants and boasts a variety of events for the community, including the weekly Indy Winter Farmers Market which attracts more than 1,000 visitors per week.

TEENWORKS AT THE AMP

Healthy Soul Meal Prep & Catering, a restaurant operating out of the AMP, and 16 Tech partnered to offer a multi-week summer culinary training program to young students through TeenWorks. The students learned about career pathways in the food industry, connected with community leaders and worked with AMP vendors to understand day-to-day business operations.

*2023-2024
“The support has been tremendous. The way they set this up is really, really nice. It gives people a chance.”
- Dionne Butler

BUTLER’S PIZZA, A FAMILY AFFAIR

The westside staple opened at the AMP in November 2023. The restaurant, originally operated by Wylie and Amanda Butler, was in business for nearly three decades before closing its three locations in 2017. Dionne Butler, son of the original owners, reopened the family business to carry on his parents legacy and is dedicated to its success on the westside of Indianapolis. Butler’s Pizza employs 12 people, many of whom are family members. You’ll still spot Wylie and Amanda serving customers’ favorite slices.

Punkin’s Pies made Food Network’s list of “50 Over The Top Treats”

Wings & Greens opened a third location in Lucas Oil Stadium

Mambos opened a second located in Salesforce Tower

NEIGHBORS CONNECTING NEIGHBORS: INCREASING ACCESS TO OPPORTUNITY

“WE DIDN’T HAVE ANY ORGANIZATIONS LIKE THIS WHEN I WAS YOUNG, SO I’M ALWAYS HAPPY TO SHARE ABOUT 16 TECH.”
Maunah Wadud 16 Tech Community Impact Team Member, 2023

Maunah Wadud was born and raised on the East Coast. She came to Indianapolis in 1977 after starting a family and has been an Indy resident ever since. In 2023, Wadud served as a Community Impact Team member for 16 Tech, playing a vital role in maintaining open communication between the Near West, Near Northwest, and communities surrounding Indiana Avenue.

“I’ve been a resident for over 47 years and I remember when 16 Tech was being built. I remember the team coming to our neighborhood association meeting to get our input on what changes needed to be made and it’s exciting to watch everything come to fruition,” she shares.

Wadud was a dedicated member of the Community Impact Team, connecting her neighbors to 16 Tech by raising awareness about the exciting resources and amenities available. “16 Tech is more than just the AMP Food Hall & Marketplace, it nurtures several communities within Central Indiana,” says Wadud.

For Wadud, being a Community Impact Team member was about more than just promoting 16 Tech - it was about being an integral part of its development and growth.

“I AM EXCITED TO SEE HOW OUR IMPACT MADE A DIFFERENCE FOR COMMUNITIES.”

16 Tech Community Impact Team Member, 2023

Orginally born in Mississippi, Pam Hardy relocated to Indianapolis with her father in 1960. In 2023, Hardy served as a Community Impact Team member for 16 Tech, playing a vital role in maintaining open communication between the Near West, Near Northwest, and communities surrounding Indiana Avenue. “I enjoy telling people about my neighborhood and the history of my city because I’m proud of it,” she states.

As a member of the 2023 Community Impact Team, Hardy represented 16 Tech at various community events, job fairs, and neighborhood meetings. Pam believes in the power of word-of-mouth communication and is passionate about sharing the countless opportunities and services that 16 Tech provides. “The more you talk about it, the more it spreads,” she states.

Apart from her role at 16 Tech, Pam is the founder of Riverside Riders, an organization that encourages seniors to stay active. Participants gather to cycle and chat, exploring the Monon Trail and the Cultural Trail. “Many of our elders are being forgotten and I wanted to create an active space for them,” Hardy adds. Riverside Riders has been cycling since 2014 and has plans to grow even bigger with the help of local sponsors and riders!

16 TECH COMMUNITY INVESTMENT FUND

In early 2024, 16 Tech awarded $289K to seven projects in its fifth cycle of the Community Investment Fund (CIF). Established to support resident-endorsed projects that are important to the growth and vitality of the neighborhoods near 16 Tech, the CIF is guided by an advisory committee made up of neighborhood leaders, residents and supporting organizations. Seeded with $3 million in funding from the City of Indianapolis, the CIF is sustained through a $0.20-per-square-foot assessment on space occupied by 16 Tech tenants. 16 Tech approaches its grantmaking using trust-based philanthropy.

WORKFORCE TRAINING

$380,000 AWARDED | 11 GRANTS

BUSINESS SUPPORT

$90,000 AWARDED | 4 GRANTS

The map above represents the geographic impact of the 58 projects awarded through the CIF, some of which supported multiple geographic areas.

EDUCATION

$854,150 AWARDED | 21 GRANTS

NEIGHBORHOOD CAPACITY BUILDING

$285,600 AWARDED | 12 GRANTS

$306,500 AWARDED | 10 GRANTS

INFRASTRUCTURE & BEAUTIFICATION 16 TECH HAS AWARDED $1.9 MILLION TO 58 PROJECTS SINCE 2020

LEARN MORE HERE

GRANTEE IMPACT HIGHLIGHTS

XCELLENCE FITNESS ACADEMY | AWARDED $30,000

Xcellence empowered 89 area residents to manage their own health and wellness through exercise classes, nutrition and health learning, as well as health and wellness evaluations.

TRIPLE T ACADEMY | AWARDED $25,000

The “Nine to Six” program provides a learning track that facilitates a comprehensive training regimen that will launch a participant into a career in drone technology. More than 50 percent of program graduates now have jobs which they credit to the Triple T program. Two program graduates started their own business.

REGENERATION INDY | AWARDED $21,200

Re-Generation Indy and its partners developed a creative writing and illustration program for middle school and high school students who live in the Near Northwest. Eight students created a 22-page graphic novel to represent what their community meant to them.

COMMUNITY ASSETS | AWARDED $25,000

In order to address resources available for young adults (14-24) in the Near Northwest neighborhoods, Community Assets used funding to support more than 300 youth with mentoring, coaching and supplemental learning labs (design thinking, computer science, STEM careers, and engineering design) at the Riverside Community Center and Machyne at 16 Tech.

YOUTH 2 GREATNESS | AWARDED $25,000

The organization connected 485 Northwest residents to available resources, tools and relationships that supported personal and community wellness through programming.

HOW 16 TECH COMMUNITY CORPORATION’S FINANCIAL MODEL WORKS

As the non-profit responsible for the programmatic and physical development of 16 Tech Innovation District, the work of 16 Tech Community Corporation is supported by charitable contributions as well as revenue earned from its operations and programs including rent, memberships, classes, etc. As of 12/31/23, 89% of 16 Tech’s assets and 82% of the capital sourced to date has been used to support the physical development of the 50-acre district. In 2023, 16 Tech’s earned revenue supported 100% of its administrative and fundraising expenses allowing every dollar given in support of our mission to go to programs for entrepreneurship, neighborhood and talent as well as ongoing placemaking projects. Contributions for 2023 included the recognition of a three-year operating grant.

WHY YOUR SUPPORT MATTERS

As the front door to Indiana’s entrepreneurial ecosystem, 16 Tech connects diverse talent and catalyzes the growth of companies to transform the future of our city and state. Your support enables 16 Tech Community Corporation to provide access to resources in the 16 Tech Innovation District including meeting space, office space, events, networking, classes, and sponsored memberships.

To learn more about sponsorship opportunities, please contact Abbi Garvey at agarvey@16tech.com.

COMMUNITY ACCESS PROGRAM HIGHLIGHTS:

INDY WINTER FARMERS MARKET (IWFM)

16 Tech welcomes 50+ vendors and 1,000 attendees every Saturday (November - April) to the AMP for the IWFM. The market offers a Triple-SNAP Program.

BOO BASH

Organized by Tawana Gulley of Healthy Soul Catering & Meal Prep, the AMP vendors welcome community members to a safe, public indoor trick or treat.

THANK YOU TO SUPPORTERS & DONORS

We are grateful for the support of our donors and sponsors.

VIEW FULL LIST

SPIRIT & PLACE FESTIVAL: THE PUBLIC CONVERSATION

The AMP welcomed 200 guests for a live audience podcast recording of “Black Girls Eating” with Tanorria Askew, Candace Boyd and culinary historian Michael Twitty.

HOW TO ENGAGE

TAKE A TOUR

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

There’s always something happening at 16 Tech. View the calendar here. JOIN US

SUBSCRIBE

Get updates from our monthly newsletter.

HOST AN EVENT

Small meetings to large-scale gatherings, we’ve got you covered. Inquire today.

REFERRAL

Connect an innovation-driven enterprise with 16 Tech by emailing nansari@16tech.com.

FOLLOW US

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WHAT’S AHEAD

THE NEXT PHASE OF GROWTH & INNOVATION

Construction is in full swing, demonstrating continued momentum on 16 Tech’s physical development.

16 Tech boasts a robust pipeline of lab and innovation spaces representing transformative opportunities for the Indianapolis region. Nine parcels in the 50-acre district are available for development, intended for lab, retail, office, hotel and more.

To learn more about available development opportunities, contact info@16tech.com.

VANGUARD AT 16 TECH | Q1 2025

The 289-unit multifamily project is the district’s first residential project. Pre-leasing is anticipated in Q4 2024.

IVY TECH INNOVATION MANUFACTURING TRAINING CENTER IN PARTNERSHIP WITH ELI LILY COMPANY | Q4 2024

Located in EMC2, the training center is designed to attract and prepare diverse talent for careers in pharmaceutical manufacturing.

INDIANA UNIVERSITY SCHOOL OF MEDICINE CENTER FOR DIABETES & METABOLIC DISEASES RESEARCH LAB | Q3 2024

Located in Innovation Building 1, the research lab, led by Dr. Carmella Evans-Molina, MD, PhD., is focused on defining the molecular and inflammatory etiologies of β cell dysfunction that contribute to diabetes pathophysiology.

PURDUE UNIVERSITY AUDIOLOGY AND MANUFACTURING PROGRAMS | Q4 2024

Purdue University in Indianapolis will establish two programs at 16 Tech’s HqO Innovation Hub, the Accessible Precision Audiology Research Center and the Manufacturing and Materials Research Laboratories (MMRL) focused on manufacturing excellence.

16 TECH BRIDGE | Q1 2025

The first-of-its-kind piece of architecture will span Fall Creek, creating a direct connection between 16 Tech, the medical research corridor and downtown Indy.

SEE THE BRIDGE IN PROGRESS

MEET THE STAFF

Nida Ansari Chief Innovation Officer

nansari@16tech.com

Nick Douglas Machyne Workshop Assistant ndouglas@16tech.com

Averi Hittle

Digital Marketing Manager ahittle@16tech.com

Tamika Moore Staff Accountant

tmoore@16tech.com

Whitney Ball Director of Events

wball@16tech.com

Jacqueline Eckhardt VP of Brand Strategy

jeckhardt@16tech.com

Michaela Ivory Neighborhood Engagement Coordinator mivory@16tech.com

Beth Schneider, CPA Controller

bschneider@16tech.com

Essence Brown Events Manager

ebrown@16tech.com

DeAndra Edmond Staff Accountant

dedmond@16tech.com

Tracy Jackson VP of Workforce Development & Community Impact

tjackson@16tech.com

Melanie Suder Creative Director

msuder@16tech.com

BOARD OF DIRECTORS

Melina Kennedy (Chair) Central Indiana Corporate Partnership

Jeff Harrison (Treasurer) Citizens Energy Group

Tory Castor (Secretary) Indiana University Health

Emily Krueger (President & CEO) 16 Tech Community Corporation

Alan Palkowtiz Indiana Biosciences Research Institute

Aman Brar Ground Game Ventures

Daniel Hasler Purdue University

David Roberts Applied Research Institute

Esther Sandlin Ice Miller

Joe Glass Indianapolis Bond Bank

Kristin Mays-Corbitt Mays Chemical Company, Inc.

Michael Huber Indiana University

Nicole Paulk IU Health

Ramesh Durvasula Eli Lilly & Company

Russ Mumper Indiana University

Vincent Ash Indiana Economic Development Corporation

Courtney Chatmon Executive Coordinator & Special Projects

cchatmon@16tech.com

Matt Foxworthy Director of Facilities & AMP Operations mfoxworthy@16tech.com

Sibeko Jywanza Director of Community Access & Engagement sjywanza@16tech.com

Paul Williams Senior Manager of Member Experience & Workshop Manager pwilliams@16tech.com

Maenecia Cole Director of Experiential Learning & Education Outreach Director

mcole@16tech.com

Abbi Garvey Director of Corporate Giving & Sponsorship agarvey@16tech.com

Emily Krueger President and CEO

ekrueger@16tech.com

Greer Crossley Experience Manager gcrossley@16tech.com

Starla Hart VP of Administration shart@16tech.com

Alex Kurrelmeier Chief Financial Officer akurrelmeier@16tech.com

COMMUNITY INVESTMENT FUND ADVISORY COMMITTEE

Alejandra Lagunas Haughville

Ben Tapper City of Indianapolis

Disa Watson Historic Flanner House Homes

Emily Krueger 16 Tech Community Corporation

Esther Sandlin Riverside

DESIGN STANDARDS COMMITTEE

Marya Rose (Chair) Former CAO, Cummins (Retired)

Adam Thies Indiana University

Keith (WildStyle) Paschall Near Northwest (UNWA)

Mark Latta The Learning Tree

Renee Davis Riverside

Richard Bray Indiana University Indianapolis

Lily Pai Lilly Pai Designs

Lourenzo Giple City of Indianapolis

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