South Bend Startup Tessellated Receives $20K Investment

South Bend-based startup Tessellated has received a $20,000 investment from Elevate Ventures in Indianapolis. The funding, which is part of Elevate’s Community Ideation Fund, will help the startup to scale up research and development and move its technology into commercial production.... Read More

Visually Impaired Preschool Services to Open Center

Visually Impaired Preschool Services Indiana will Thursday celebrate the opening of the Simon and Estelle Knoble Family Resource Center near downtown Indianapolis. The nonprofit says the center will be the first physical space in the Hoosier State for children ages birth to three with visual impairments.... Read More

IU Launches Faculty Startup Accelerator Program

Indiana University is launching a startup accelerator program to help faculty turn their research discoveries and professional insights into viable businesses. The IU Faculty Startup Accelerator Program is a collaboration between the IU Innovation and Commercialization Office and The Mill in Bloomington.... Read More

Incentives Approved for Plymouth Distribution Center

The Plymouth Common Council has approved a tax abatement for South Bend-based Holladay Properties, which is building a $3.1 million distribution center in the Marshall County city. The building will serve as the northern Indiana headquarters for Carmel-based replacement window company Renewal by Andersen.... Read More

Herron Schools to Purchase Former Salvation Army HQ

Indianapolis-based Herron Classical Schools says it will buy the former Salvation Army building located next to The Children’s Museum of Indianapolis to open a new campus. Herron says the campus will become the permanent home of Herron Preparatory Academy.... Read More

Ball State Professors Receive USDA Grant

Two professors from Ball State University have been awarded a $650,000 grant from the U.S. Department of Agriculture. The funding will be used to study the effects of economic and social stress on people living in rural communities.... Read More

Rocket Fuel Startup Closes $20M Round

West Lafayette-based startup Adranos Inc. has closed on a $20 million Series A funding round to help the company continue its development of solid rocket fuel and motors for long-range missiles and space systems. ... Read More

NCAA President Mark Emmert Stepping Down

NCAA President Mark Emmert is stepping down after 12 tumultuous years leading an association that has become marginalized while college sports has undergone massive changes and been besieged by political and legal attacks.... Read More

Indy 500 Qualifying Extended

INDYCAR has announced changes to the qualifying format for the 106th running of the Indianapolis 500. The second day of the two-day event will be expanded to include two rounds of qualification attempts to decide the first four rows of the 33-car grid.... Read More

Inotiv Buys Pathology Services Provider Histion

West Lafayette-based Inotiv Inc. (Nasdaq: NOTV) has acquired Histion LLC, a provider of preclinical laboratory services. While financial terms of the acquisition were not disclosed, Inotiv says the acquisition is a strategic element to the expansion of its specialized pathology services.... Read More

Market Wagon Hits $10M Sales Milestone

Indianapolis-based Market Wagon is celebrating a milestone in its six-year history. The online farmers marketplace says it has received $10 million in cumulative sales for farmers, chefs and artisans in central Indiana.... Read More

CICF Invests in Trails, Greenways

The Central Indiana Community Foundation has received a $25 million grant from Indianapolis-based Lilly Endowment Inc. that will be used to expand and improve pedestrian and bicycle infrastructure in Marion County. The project is part of the Connected Communities Initiative, and will include construction of on-street and off-street protected pedestrian and bicycle infrastructure, such as multi-use paths and greenways.... Read More

Old National Bank Reports Q1 Loss

Evansville-based Old National Bancorp (Nasdaq: ONB) is reporting first quarter net loss of $27.6 million, compared to a net income of $86.8 million during the same period last year. The bank says the drop is primarily due to expenses related to its merger with Chicago-based First Midwest Bancorp Inc.... Read More

Newly-Formed Arts Group Brings New Model to Bloomington

An organization in Bloomington formed through a merger of three performing arts groups has unveiled its new brand and plans for an inaugural season. Constellation Stage & Screen will officially begin operations in July and is launching a five-year fundraising campaign to increase annual revenue to support its theater and film productions, as well as arts education initiatives. The organization looks to bring a unique concept to Indiana's arts community with its "Page to Stage to Screen" pipeline model.... Read More