Plug and Play cuts ribbon on Warsaw office
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State and local officials on Wednesday joined California-based startup accelerator Plug and Play to cut the ribbon on its new office in Warsaw. The office, which is the company’s first in Indiana, will focus on supporting startups in the orthopedics and growing med-tech sectors.
Plug and Play first announced its plans to set up its Indiana presence in January. The new office is located on the campus of Zimmer Biomet Holdings in Warsaw.
The company said startups operating out of the new office will gain access to a variety of resources and support, including mentorship, networking events, and a network of corporate partners and investors. Additionally, some med-tech startups will be selected to participate in Plug and Play’s accelerator programs.
The ribbon cutting ceremony included remarks from Gov. Eric Holcomb, Indiana Secretary of Commerce David Rosenberg and Plug and Play CEO Saeed Amidi.
“Indiana’s med-tech industry has experienced remarkable growth, and the presence of Plug and Play will further accelerate this progress,” Holcomb said in a news release. “By connecting startups with the necessary resources and fostering collaboration, we are poised to drive innovation and create a thriving ecosystem for med-tech advancements.”
In a January interview with Inside INdiana Business, Vitoux said an increased focus in med-tech is needed in the medical device industry, particularly in orthopedics.
“This is going to be a great venue for us to bring entrepreneurs in and help us think about how we serve [the market] differently,” he said. “I think, just just simply put, capturing data will allow us to not only make more informed and better informed decision making, in serving the market, but also the customers themselves being able to take this data and utilize it to their satisfaction.”
Zimmer Biomet CEO Ivan Tornos said the relationship between his company and Plug and Play is a strategic decision.
“We are confident that our collaboration with this global innovation hub will spur advancements and expansion within the med-tech industry,” Tornos said in the release.
Plug and Play Indiana Director Brandon Noll said the goal is to make Indiana a destination for global startups seeking opportunities, noting that the company’s efforts will extend beyond Warsaw throughout the state.
“Our goal is to find, invest and grow the next unicorn in Indiana,” said Noll.
Headquartered in Silicon Valley, Plug and Play has more than 50 locations across five continents and has created accelerator programs for a variety of industries. Vitoux previously noted that the Warsaw office will be the company’s first foray into orthopedics and med-tech.