Indiana’s Life Sciences | Podcast: AI in Flyover Country | Autonomous car research
“A pile of rocks ceases to be a rock pile when somebody contemplates it with the idea of a cathedral in mind.” — Antoine de Saint-Exupery
Today’s itinerary:
April 1, 2021
A CHAT WITH AN INNOVATOR
Advancing Indiana's Life Sciences sector Lori Leroy, EVP of communications at BioCrossroads
What do you know about Indiana? How about these facts:
Flyover Future spoke to Lori Leroy, EVP of communications at BioCrossroads, which is involved in advancing the Life Sciences sector in Indiana even more.
Tell us about BioCrossroads.
Leroy: BioCrossroads was formed in 2002 as a way to organize the Life Sciences sector. There were some reports done previous to 2002 that outlined what some of Indianapolis’s strengths were. Of course, Life Sciences rose to the top because we’ve got Lilly and Roche among many other companies that are here.
BioCrossroads was formed to help advance the sector. We’re not a state entity. We are a non-profit.
What do you mean by “organize the Life Sciences sector”?
Leroy: To get people to talk to each other who might not talk to each other because a lot of them were operating in silos. We bring a lot of different organizations together, so we might have a project where we’ve got Lilly, Purdue, the School of Medicine at Indiana University, and Roche, for example, all participating.
Another thing we do is promote the state. We do a lot of educational activities and events. We also have a seed fund where we are investing in Life Sciences startups. Right now we have 29 companies in our portfolio.
Depending on the project or what someone needs, it requires us to do lots of different things. We organized the first health information exchange, and we started one of the first medical record systems in the country in 2015.
Is part of your effort to attract talent from the coasts?
Leroy: Yes, absolutely. We have over 2,100 companies in Life Sciences in Indiana. There are tons of opportunities. It’s not just the big companies. There are some really cool companies with 20 to 30 people, where they are doing pretty incredible work. So it’s really been amazing to see the transformation.
"Things are happening not just in Indianapolis. Bloomington has a ton of stuff going on, Lafayette. It’s not just our big cities but it’s some of the smaller ones too."
— Lori Leroy, EVP of communications at BioCrossroads
Can you give me an example of something you’ve done?
Leroy: We started the Indiana Biosciences Research Institute. Most institutes are formed out of a school of medicine or a university setting. What was unique about what we wanted to do, we wanted it to be industry led.
When that formed in 2015 it was a combination of Lilly and Roche and Koch and at the time Biomet, which is one of the orthopedic companies up in Warsaw, and IU Health and Dow Agri-sciences (at the time) who put money into creating this research institute focused on metabolic disease, because they all have vested interests in what is happening from a research standpoint in metabolic disease.
Instead of it being university-led, it was industry-led. They have tons of collaborations and partnerships with the School of Medicine and Notre Dame and Purdue, but they really did it as a way to try to move things out of those big industry companies and get research to accelerate a little bit faster.
We brought all of those people together to say, okay, what else could we do? What would be helpful to you and how can we help make that happen? We created an institute out of it.
Things are happening not just in Indianapolis. Bloomington has a ton of stuff going on, Lafayette. It’s not just our big cities but it’s some of the smaller ones too.
Once you break down those barriers, it’s pretty cool to see what different things have happened.
INNOVATORS PODCAST
Why AI implementation in Flyover Country is getting noticed What makes the middle of the country a good place to innovate when it comes to AI? Alan Berube, Senior Fellow and Deputy Director at Brookings Institution, joins our host Ben Reno-Weber to share his findings while working on the first AI strategy for an American city and why Flyover Country is perfectly primed to figure out how to apply new technologies. You can also listen to these episode on Apple Podcasts, Spotify, Google, or wherever else you get your podcasts.
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PUDDLE HOPS
Logica accepted by Y Combinator Omaha-based startup Logica, which builds next-generation business finance software, is the first Nebraska business to be accepted by Silicon Valley startup program Y Combinator. Ford expands autonomous car research Ford is planning to deploy over 100 researchers and engineers at its facility at the University of Michigan, Ann Arbor, to continue its autonomous driving research and how it can use third-party robots. Ford’s technical expert Mario Santillo talks about the expanded efforts. Turning food companies into national players Greater MSP, the Twin Cities’ regional economic development organization, is on a mission to build the next generation of big-name food companies and turn them into national players. Andelyn Biosciences gets $200m investment Ohio's Andelyn Biosciences, which was created through research at Nationwide Children's Hospital to pioneer cell- and gene-based therapy, will soon have a new facility thanks to a $200 million investment. Share these stories!
FEATURED EVENT With InvestMidwest
Don't miss out on Midwest opportunities Co-hosted by InvestMidwest and MGCS, the Midwest Venture Showcase will not only highlight high-growth Midwestern companies, but also include panels like “Why Invest in the Midwest,” “Diversity & Inclusion in Investing,” and “Midwest Unicorns Are Real” as well as informative topics like “Venture Debt 101.” Share this event!
FUELING THE FUTURE
What is fueling Flyover Country innovation? In this weekly feature, we share a variety of announcements covering funding, acquisitions, exits, grants, and everything in between. Got something to celebrate? Click here to share your story.
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NAME THAT FLYOVER CITY!
It's time for our favorite trivia game!
It’s April Fool’s Day and that means pranksters putting their talents to use. In honor of the day, this week’s trivia revolves around some of the best pranks in the history of the U.S. We’ll give you the prank and you match it up to the perpetrator and the flyover city he was from.
Here are this week's questions:
Click here for today's answers.
REACH OUT Share stories, offer suggestions, or send comments!
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