The Indiana University Research and Technology Corp. is planning to be a part of the Electric Works project. It is just one of dozens of organizations who have committed to the campus.
The not-for-profit corporation will support IU innovation-based startup companies, including access to capital from its recently established $15 million Philanthropic Venture Fund.
“While Indiana University’s primary focus in northeast Indiana will always be on our IU Fort Wayne campus, Electric Works provides us with a unique opportunity to tap into the entrepreneurial expertise of the IU alumni network in the region, as well as those associated with a broad range of entrepreneurial endeavors,” IURTC President and CEO Tony Armstrong said.
IURTC believes Electric Works will give it a platform to maintain regular and direct contact with innovators in the northeast Indiana region. It recently worked with the Northeast Indiana Innovation Center and Parkview Health to establish the Indiana Connected Health IoT lab in Fort Wayne. Parkview Health has also committed to Electric Works.
“The Indiana University Research and Technology Corp. has proven itself as an entrepreneurial powerhouse across the globe,” said Jeff Kingsbury of RTM Ventures, the development team behind Electric Works. “Their presence at Electric Works will not only deepen their commitment to northeast Indiana, it will serve as a bridge for connecting our region to the university’s resources and its vast alumni network. From there, the possibilities are endless.”
RTM Ventures and IURTC are still working out details and plans for the space on the campus.
Electric Works now includes various organizations and businesses from research to recreation.