Connect with IU – Center for the Business of Life Sciences

By Bill Stephan

From the CBLS website: Founded in 2008, the Kelley School’s Center for the Business of Life Sciences was started with the belief that life sciences companies are essential economic drivers for growth and employment. To ensure the success of the industry as a whole, however, requires a broad collaboration of science and business acumen.


CBLS brings together students, faculty, life science companies and other corporate partners to:

  • attract top students interested in careers in life sciences and develop them into strong future leaders for the life sciences industry
  • support research on significant issues and questions faced within the industry
  • provide a forum allowing companies and other corporate partners to connect with industry-focused students
  • create significant networking opportunities for students, faculty, companies and friends to connect in order to strengthen Indiana’s life science industry

Find out more about the Center


Around the State: IU Council for Regional Engagement and Economic Development (CREED)

By David Gard

To more effectively connect with all IU campuses and the communities they serve in carrying out its mission, the IU Office of Engagement has created, with the support of the President McRobbie, the Council for Regional Engagement and Economic Development (CREED).  The establishment of this body creates a permanent structure and enduring forum within the university’s organizational framework in which regional economic concerns can be addressed.  CREED plays an instrumental role in identifying, through ongoing dialogue, how IU can bring its resources to bear to enhance economic development efforts throughout the state.

While the convening of regularly scheduled meetings is a fundamental aspect of CREED’s charter, the greater impact of the body derives from establishing a university-led means to address substantive issues of economic significance facing the state and its regional communities.  The primary objective of CREED is to foster greater communication and transfer of knowledge across campuses to ultimately promote statewide economic development.

Chaired by IU Vice President for Engagement Bill Stephan, CREED is comprised of chancellor-appointed representatives from each IU campus and representation from Southwest Indiana.  Each representative serves in a position focused on community relations, economic, and/or engagement issues in interactions between the campus and the regional community, with specific expertise in these areas.

Upcoming blog posts will spotlight innovative regionally focused economic development initiatives in which IU is playing a key role around the state.


Health Care Innovation: IU's Leading Role

By David Gard

Recently, IU President Michael McRobbie participated as a panelist at a National Journal policy summit on health care and job creation in Washington, DC.  The event provided President McRobbie with a national forum to frame the fundamental role of research universities in advancing of health care innovation.   He also highlighted how IU is specifically addressing critical needs in the ever-changing health care industry.   Key points (with web links) included:

By playing an increasingly vital role in the nation’s innovation pipeline, University Research and Technology Transfer will continue to shape the future.  As a research institution of the highest order, IU and its faculty are addressing some of the most complex problems facing the health care industry by (1) conducting leading edge research across the life sciences and health informatics and (2) accelerating the commercialization of research with market potential.

Translational Research – the process of transforming basic scientific discoveries into new medical treatments and products– holds the promise of accelerating the realization of systematic health care benefits.  The IU-based Indiana Clinical and Translational Sciences Institute serves a leading example of how a broad-based statewide partnership combining the strengths of universities, business, and government can have transformative impact for improved patient care and greater business opportunities.

Continuing advancements and new investments in Health Information Technology (HIT) can create new jobs, reduce costs, and improve overall quality.  Indiana has developed one of the most robust HIT sectors in the United States today, and IU expertise plays a leading role.  The Regenstrief Institute at the IU School of Medicine is an internationally recognized healthcare informatics research organization.

Innovation is a necessity for survival in the current health care environment.  The adoption of medical innovation in hospital organizations is dependent upon the perception of trust as realized through applied information, knowledge, and resources.  The trusted enterprise of Clarian Health is bringing the latest medical research breakthroughs to the clinical environment to deliver the highest quality of patient care and outcomes.

The entire panel discussion can be viewed via the following web link:


How will the economy fare in 2011? IU Kelley School of Business Outlook Panel touring Indiana to present forecast

By David Gard

Looking ahead to 2011 in the aftermath of the economic downturn, many questions and uncertainties remain:  Are we facing a new economic reality with different rules and a fundamental shift in expectations?  When will significant job growth resume?  Will we be stuck in slow economic growth for the time to come?  What will be the impact on my business – and my job?

In its 2011 economic forecast, the IU Kelley School of Business Outlook Panel will assess how the changing economic environment will affect the key decisions facing executives, business owners, investors, and policy makers in the year ahead.  For the past 37 years, the Kelley School of Business has presented its national, state, and local economic forecasts through a series of panel discussions held during the fall in cities throughout Indiana.   Once again this year, Indiana Business Research Center director Jerry Conover heads a distinguished panel of leading Indiana economic experts.

This year’s Business Outlook Tour dates and cities include:

  • Nov. 4    – Indianapolis
  • Nov. 4    – Bloomington
  • Nov. 5    – Columbus
  • Nov. 9    – Richmond
  • Nov. 9    – Anderson
  • Nov. 10  – Kokomo
  • Nov. 10 – Fort Wayne
  • Nov. 12 – Schererville
  • Nov. 16 – New Albany

For more detailed information on the IU Kelley School of Business Outlook Panel including the local sponsoring organizations, venues, and starting times, please refer to the official press release announcing the tour:


Indiana Life Sciences Collaboration Conferences Series: Center for the Business of Life Sciences: Kelley School of Business: Indiana University

By Tony Armstrong

Each year, CBLS presents its Indiana Life Sciences Collaboration conference series, which provides a forum for various players in healthcare and life sciences to consider, discuss, and debate key business strategy issues. The forum brings together key players from industry, academia, government, and economic development communities.

See the full schedule

Indiana Life Sciences Collaboration Conferences Series: Center for the Business of Life Sciences: Kelley School of Business: Indiana University.


Thanks for attending NASVF!

By Tony Armstrong


I was honored to be asked to speak on a panel at the 2010 Annual Conference of the National Association of Seed and Venture Funds. The distinguished panel I joined talked focused on regional innovation clusters.  Great group of people and a great organization!

The National Association of Seed and Venture Funds is a global non-profit membership organization whose mission is to advance innovation capital. Find out more about NASVF below.


Connect with IU: Center for Urban Policy and the Environment

By Bill Stephan

The Center for Urban Policy and the Environment is devoted to supporting economic success for Indiana and a high quality of life for all Hoosiers. An applied research organization, CUPE was created by the Indiana University School of Public and Environmental Affairs in 1992. The Center works in partnership with community leaders, business and civic organizations, nonprofits, and government. CUPE’s work is focused on urban policy, intergovernmental cooperation, community and economic development, housing, environmental issues, and fiscal affairs research essential to developing strategies to strengthen Indiana’s economy and quality of life.

Center for Urban Policy and the Environment.


Innovate Indiana Fund

By Tony Armstrong

Early–stage capital is scarce both in Indiana and in the United States as a whole. Emerging companies frequently face a funding gap at the exact moment when capital is needed to begin transforming its research into commercial products. IURTC established the Innovate Indiana Fund in 2009 to invest in technologies discovered at Indiana University. The goal of the fund is to harness the immense creativity happening across IU’s eight campuses and nine centers of medical education to create businesses that benefit the entire state. Funding is available for university faculty and researchers who need financial support to bring their discoveries to the marketplace. The $10 million initial capitalization of the fund is allocated to early-stage and late-stage investments.

Find out more about the Fund

Submit your business plan


Latest Issue of Indiana Business Review Now Available

By David Gard

The Fall 2010 issue of the Indiana Business Review has been recently released and is now available for download.  A quarterly publication of the Indiana Business Research Center at IU’s Kelley School of Business, the IBR provides analysis and insight on key economic and demongraphic issues.

Particular articles of interest in the latest issue include:

Indiana in the Global Economy: Current Export and FDI Activity – Even though the economic recovery is still fragile, recent growth in Hoosier exports and increases in announced foreign direct investment provide encouraging signals.  In fact, Indiana is only one of 14 states whose value of exports in the first six months of 2010 surpassed pre-recession levels.

Education’s Value: It’s Not That Simple – Educational attainment is a major contributor to higher earnings, but the value of a college degree varies widely.  The benefits are greatest for people who choose the right industry and occupation.  Not enough Hoosier students are studying the fields that lead to the highest wages – which are also the occupations that our key industries depend on most.

Here’s the link to IBR web site where a printable PDF of the full issue can be downloaded:

Read more here