Biofuture: a growing number of promising life sciences companies across the state.
Indiana Business Magazine › Vol. 51 Nbr. 1, January 2007
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LIFE SCIENCES
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Biofuture: a growing number of promising life sciences companies across the state.
WHILE THE SUCCESS OF Indiana's life sciences industry is often considered in terms of such world-leading companies as Eli Lilly, Roche Diagnostics, Biomet, Zimmer and the Cook Group, there are also many smaller companies across the state seeding the sector's future.
Many of those companies trace their roots to the state's universities, where new life sciences technologies are being developed at such places as Indiana University's medical school and its Emerging Technologies Center as well as Purdue University's Discovery Park and Purdue Research Park, home to the state's highest concentration of high tech and life sciences companies. The state of Indiana has also taken steps to assist such growth in life sciences companies with the 21st Century Research and Technology Fund that provides grants pairing industry and academic efforts. Other incentives include a venture-capital investment tax credit, a research expense tax credit and a state sales tax exemption on research and development equipment that will increase to 100 percent in July. All those efforts are starting to show results, as evidenced by the following sampling of small, growing life sciences companies from across the state. Laboratories. Schwartz Biomedical in Fort Wayne is a laboratory that specializes in tissue engineering. Its BioDuct line of products are bei...See the full content of this document
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