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Network of Incubators Proposed in Indiana
Purdue University plans to seek $15 million in matching funds from the state to establish and support five technology business incubators or regional technology centers around Indiana. The state also will be asked to provide $6.25 million in funding for administrative support over the first four years of the centers’ operations.
The focus for each center would depend on the region of the state and the potential that exists within that region. Purdue's plan calls for each regional technology center to create an advisory committee to establish criteria for use of its services and to evaluate each company's potential for growth and success. Each center would be expected to work in partnership with Purdue during the developmental years of the program.
No bill has been introduced yet (the second regular session of the state legislature has adjourned) but a similar recommendation was advanced by the General Assembly's Interim Study Committee on Economic Development Issues. The committee report calls for the state to create and provide start-up costs for five regional technology centers each biennium.
For more information, visit: http://news.uns.purdue.edu/UNS/html3month/000421.Gentry.incubators.html