Benefits for Hoosiers
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Return on Investment: New companies that will strengthen the life sciences economy through regional industry clusters
The Indiana Life Sciences Initiative will boost commercialization and economic development, turning breakthroughs into business. The initiative will enable more scientists to turn more ideas and discoveries into new products and businesses. Building on collaborations with the state's universities and businesses, the initiative will promote regional life sciences research and economic development efforts through the IU Research and Technology Corporation (IURTC) and IU’s Advancing Indiana office. Specific outcomes include:
- Attracting or developing new life sciences companies.
- Developing regional workforce development programs in nursing, primary care, and related health and life sciences fields.
- Strengthening regional life sciences businesses based on local assets.
- Linking IU expertise with community needs.
- Providing Indiana entrepreneurs with more opportunities to turn IU research ideas into new businesses.
For Hoosiers, these efforts will yield more opportunities for employment, stronger local economies, and greater access to resources to support new businesses.
