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Purdue Technology Centers

Indiana

John Hanak, statewide director

Year established: 1993

Number of incubators in the network: Four

Total amount of incubator space: 394,382 square feet, 170,228 of which is dedicated to incubation

Incubator clients: 108 resident and 35 nonresident clients

Incubator graduates: About 70

http://purdueresearchpark.com/

Achievements: With incubators along the I-65 corridor in West Lafayette, in Merrillville in northwest Indiana, in Indianapolis, and in New Albany in southeast Indiana, the Purdue Technology Centers are truly a statewide operation. As the anchors of each Purdue Research Park, they have been effective, too: From 1999 to 2010, the parks generated $256 million in investment, $49 million in state and federal grants and $48 million in state and local taxes. They also helped create 216 companies with a total of more than 4,000 jobs and average salaries of $63,000.

The first incubator opened in West Lafayette in 1993, with Purdue Technology Center of Northwest Indiana in Merrillville added in 2005, Purdue Technology Center of Southeast Indiana in New Albany in 2008, and Purdue Technology Center of Indianapolis in 2009. Because of its longevity, the West Lafayette facility has produced 56 of the program’s 70 graduates, although the graduation ratios are likely to change in coming years as clients in the other incubators reach maturity. If Purdue Research Parks were listed as a single employer, they would be the 20th largest employer in Indiana, according to a 2011 study by Thomas P. Miller and Associates, which also concluded that the network drives about 10,000 jobs and $1.3 billion in economic activity annually.

The network’s goals, says John M. Hanak, statewide director, include “optimizing our incubation programs and facility offerings to maintain and enhance our reputation as the pre-eminent location for technology companies and technology start-ups in Indiana and the Midwest.”

 

 

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