The Indiana Heart Hospital holds a100 Top Hospitals® distinction for its excellence in cardiovascular care. The specialty hospital is located on the Campus of Community Hospital North off of 82nd and Shadeland Avenue.
Indianapolis is at the heart of a life sciences corridor that links three major centers of higher education: Indiana University, Purdue University and Indiana University-Purdue University Indianapolis (IUPUI). It is a thriving center for life science discovery, development, and commercialization, offering a network of resources that encourage entrepreneurship and provide growth and expansion opportunities for established businesses.
The region is also an emerging center for biopharmaceutical manufacturing. The city's unique combination of assets and capabilities (contract research, formulation and manufacturing, FDA consulting, cold-chain storage and logistics) help small and medium-sized biotech companies across the country develop and manufacture their discoveries. In fact, in May 2009, a new study released by Indiana Business Research Center of Indiana University's Kelley School of Business shows life sciences companies have accounted for nearly a quarter of Hoosier jobs created during this decade. (Read the report)
Factors that make Indianapolis an exceptional location for life science businesses include:
Economic Development
The City of Indianapolis and the State of Indiana have launched economic development initiatives to promote growth specifically in the biosciences. Its cornerstone is
BioCrossroads which, since its inception in 2002, has raised more than $120 million to promote growth through its Indiana Future Fund and Indiana Seed Fund.
Investment Capital
Other key sources of funding include the State of Indiana's 21st Century Research and Technology Fund and SBIR matching, and the IN Partners LLC $27.8 million MidPoint Food & Ag Fund, as well as a growing number of private investment firms.
Research & Higher Education
Indianapolis is home to (or offers access to) a variety of universities that produce highly skilled life science graduates: Indiana University (IU) School of Medicine (second largest research and teaching hospital in the U.S.), Indiana University-Purdue University Indianapolis (IUPUI), the IU Healthcare and Life Sciences Initiative, Purdue University, and Ivy Tech Community College.
Pharmaceutical Expertise
Both Purdue University and Butler University offer nationally ranked pharmacy programs which produce 300 pharmacy graduates each year.
Technology Transfer
The area supports commercialization of scientific discoveries through the IU Research and Technology Corp., IU's Emerging Technologies Center, the Purdue University Office of Technology Commercialization, Purdue Technical Assistance Program, University of Notre Dame Office of Research, Rose-Hulman Ventures, and Access Technology Across Indiana.
Entrepreneurial Resources
Indianapolis supports entrepreneurs through a variety of resources including the
Indiana Health Industry Forum (IHIF) and the
Indiana Biomedical Entrepreneur Network (IBEN)
Workforce Development
Through programs such as the
Indiana Science, Technology, Engineering and Mathematics (I-STEM) Resource Network the region is focused on growing a skilled life science workforce.Â
Life science companies that call Indianapolis home include:
- Pharmaceutical & Biopharmaceutical: Eli Lilly & Company, Roche Diagnostics, CS-Keys, Marcadia Biotech, Endocyte
- Agricultural Feedstock & Chemicals: Dow AgroSciences
- Medical Device Development: SonarMed, Suros, Biomet
- Contract Research: Covance, Cook Group
- Transportation, Logistics & Storage: BioStorage Technologies, Sentry Logistic Solutions, Fedex
- Medical Research: IU School of Medicine, Riley Hospital for Children'