The state of Indiana was among the big movers in the Milken Institute’s recently released 2010 State Technology and Science Index. The report specifically highlighted Indiana University’s key role in contributing to the state’s gains:
Indiana’s gains are across several categories, but the risk capital and entrepreneurial infrastructure component is responsible for the bulk of its overall advance from 33rd to 28th this year. Indiana vaulted from 37th in 2008 to 19th in that category, and ranked fourth in venture capital growth this year, gaining ground in both venture capital relative to GSP (from 26th to 17th) and business start-up rates (also 26th to 17th).
Indiana University has grown more aggressive in supporting new firm birth, launching a venture capital fund to invest in technology start-ups and dedicating a new Innovation Center in late 2009. “Indiana University understands the need for commercially-focused research and technology development and the important role the university plays in serving as a catalyst for economic growth for Indiana,” IU President Michael McRobbie said.