TERRE HAUTE -- The Terre Haute Innovation Alliance, a new economic development and education initiative, is already beginning to pay dividends, local officials said today (April 17) in announcing its creation.
The partnership between the city of Terre Haute, the Terre Haute Economic Development Corporation, Indiana State University and Rose-Hulman Institute of Technology has started providing services to three companies in the process of developing or expanding their products while engaging students in hands-on projects and creating jobs for the local economy, said Steve Witt, President of the Terre Haute Economic Development Corp.
The creation of the Terre Haute Innovation Alliance was announced today in conjunction with the Indiana Humanities Council Regional Forum at Indiana State University. The partnership was started with $500,000 in federal support garnered with assistance from Indiana Senators Evan Bayh and Sen. Richard Lugar.
“This partnership will help new businesses create innovative technologies and prepare students for a new emerging economy. The Innovation Alliance will be instrumental in developing business growth in the life sciences, which is a high priority for the state of Indiana,” said Gerald Jakubowski, president of Rose-Hulman Institute of Technology.
The three companies involved -- DesAcc, InfraWare and Novus Technologies -- are all technical in nature with two providing applications and services for the health care industry. All three companies will be utilizing space within ISU’s John T. Myers Technology Center for a portion of their operations. Two of the companies have and will continue to benefit from the services provided by project managers and students at Rose-Hulman Ventures.
In addition to physical space for their product development, the companies selected to participate also receive business development funding as well as services from students and faculty at the two higher education institutions. Providing career-related experiences for students and actively engaging them in the companies’ projects may help retain them in the community after they graduate, said Kevin Burke, mayor of Terre Haute.
The partnership between the city of Terre Haute, the Terre Haute Economic Development Corporation, Indiana State University and Rose-Hulman Institute of Technology has started providing services to three companies in the process of developing or expanding their products while engaging students in hands-on projects and creating jobs for the local economy, said Steve Witt, President of the Terre Haute Economic Development Corp.
The creation of the Terre Haute Innovation Alliance was announced today in conjunction with the Indiana Humanities Council Regional Forum at Indiana State University. The partnership was started with $500,000 in federal support garnered with assistance from Indiana Senators Evan Bayh and Sen. Richard Lugar.
“This partnership will help new businesses create innovative technologies and prepare students for a new emerging economy. The Innovation Alliance will be instrumental in developing business growth in the life sciences, which is a high priority for the state of Indiana,” said Gerald Jakubowski, president of Rose-Hulman Institute of Technology.
The three companies involved -- DesAcc, InfraWare and Novus Technologies -- are all technical in nature with two providing applications and services for the health care industry. All three companies will be utilizing space within ISU’s John T. Myers Technology Center for a portion of their operations. Two of the companies have and will continue to benefit from the services provided by project managers and students at Rose-Hulman Ventures.
In addition to physical space for their product development, the companies selected to participate also receive business development funding as well as services from students and faculty at the two higher education institutions. Providing career-related experiences for students and actively engaging them in the companies’ projects may help retain them in the community after they graduate, said Kevin Burke, mayor of Terre Haute.
Lloyd W. Benjamin III, President, Indiana State University
Lloyd W. Benjamin III, President, Indiana State University
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