The Indiana Chamber of Commerce’s latest report card on the state economy’s race to the top shows some progress. But a lot of obstacles remain.

The Vision 2025 Plan is basically the Chamber’s policy platform. Chamber president Kevin Brinegar says it lays out the ways Indiana’s economy should succeed.

“We believe, if we can be best of class in each of these areas, that Indiana will have the best chance for competitiveness and prosperity in the 21st-century global economy,” he says.

Purdue University

Purdue is putting a greater emphasis on commercialization of faculty, staff and student inventions.

To help move ideas to the marketplace more quickly, the Purdue Research Foundation created the Foundry. Officials say it’s a place to transform innovators into entrepreneurs by offering advice on legal matters, market analysis and business plans.

Greg Deason, executive director, says the move brings together all of Purdue’s resources that are available for starting new companies.

Crowd funding helps local entrepreneur

Jun 17, 2013

Crowd funding is allowing an entrepreneur from the Lafayette area to sell his invention.

Sean Connell created “A Tool of Multipurpose” (ATOM). He used the crowd funding website Kickstarter for people to pre-order it. That money will allow him to produce the key-shaped tool.

Connell has surpassed his goal by more than $30,000. He says the website he used does have some restrictions, but the screening is done by potential funders who read about the investment or product and the project’s creator.

Lemonade Day volunteers & sponsors needed

Dec 29, 2011

Greater Lafayette Commerce has begun planning for Lemonade Day, 2012.

The event helps children set-up a lemonade stand to learn about entrepreneurship and what it takes to run a business.

G.L.C. Economic Development Program Manager Nancy Sells says they’re looking for volunteers and locations.

"To host kids and their lemonade stands. Volunteers are needed to make sure everything goes alright and to help the children if they need it. Volunteers do not need to have a background in business or economics."

Last year’s event involved roughly 500 kids.