Earlier this summer, Governor Mike Pence proposed a $1 billion investment in Indiana innovation and entrepreneurship. Outlined in his proposal were six main areas of focus for the investment to go towards, as outlined in last week’s post and further elaborated on by the Indiana Economic Development Corporation (IEDC) here. This week, we will be dissecting the first area of focus on the list, and giving our recommendation for what we believe would be most beneficial to future entrepreneurs. As stated by the IEDC, this includes:

In July, Indiana’s governor announced a proposed $1 billion injection into Indiana innovation and entrepreneurship. The announcement was made at the Eighth Annual Innovation Showcase, hosted by Venture Club of Indiana, and sponsored in part by Gutwein Law.

Over the past two months, we have been discussing questions to consider when entering into a joint venture or merger (see Part 1 and Part 2). Once you and your potential partner have aligned on your business philosophy and products or services, it’s time to start thinking of your employees.

The Indiana Commercial Court Pilot Project has now been up and running for 3 months, joining the 22 other states that have specialized commercial courts. The pilot, which is not to exceed three years, began on June 1, 2016, and has since been implemented in six courts throughout the state of Indiana.

If you’ve been going to the Venture Club of Indiana’s Innovation Showcase for the past few years, you will have noticed that there was a change in the process this year. One of the major changes we saw was the addition of a pre-screening to the selection process. Because of this, companies who made it through were able to pitch for five minutes rather than one.