Indiana part of ‘Inland Innovation’ tech growth
INDIANAPOLIS (Inside INdiana Business) — An opinion column in the online business publication Entrepreneur.com says eight non-coastal cities, including Indianapolis, are quickly becoming the new hotbed for high technology innovation.
Mark Minevich, who is principal for Going Global Ventures, says the idea that tech innovation is limited to the coasts is no longer valid.
While he says the west and east coasts accounted for 90% of all U.S. high-tech job growth from 2005 to 2017, new pockets of inland innovation and tech entrepreneurship are appearing in the Midwest and Great Plains.
“U.S. states primarily known for their agro business are becoming known for their hubs of innovation, with high rates of startup growth and growing networks of business owners and entrepreneurs,” penned Minevich.
He says the migration of people and ideas allows for the unlocking of the private sector for job creation investment, which will, in turn, stimulate economic growth and speed up America’s recovery “by investing heavily in geographic areas that typically do not get as much infusion of funding. “
Minevich notes Indianapolis’ downtown has benefited from investment in entrepreneurs and innovators. He cites several tech startups are moving tech forward in the fields of bioinformatics, SaaS optimization and virtual training.
Minevich also highlights funders, such as High Alpha, Innovate Indiana and Xcap Angels, as reasons for the innovation growth.
Here is his list of the eight cities undergoing tech growth:
To read the article, click here.