Entrepreneurs and innovators welcomed 24,500 square feet of new space dedicated to supporting collaboration and innovation for the Internet of Things at the grand opening of the Indiana IoT Lab – Fishers today. More than 50 members and 9 dedicated suite members will call the Lab home as the premier destination for design thinking, cloud computing, edge technology, and software development. The Internet of Things industry is estimated to grow to a $457 billion industry by 20201.
“At the heart of Indiana’s economy sits the three major industries of manufacturing, logistics, and agriculture that are on the cusp of being completely transformed by technology,” said Fishers Mayor Scott Fadness. “It’s critical that we arm our companies and engage our entrepreneurs in this transformation. The Indiana IoT Lab here in Fishers, provides a first step in that direction and its impact will be felt throughout our state.”
As members from a variety of industry sectors begin collaborating, entrepreneurs will have access to a supportive ecosystem from all aspects of the IoT industry: from ideation to security, to data, to prototyping. The unique integration of expertise with the atmosphere of a co-working space is intended to bring entrepreneurs and intrapreneurs from all industries and backgrounds to create next-generation technology.
“We expect to see a wide range of members at The Indiana IoT Lab,” said Indiana IoT Lab Founder and CEO of Launch Fishers, John Wechsler. “From the entrepreneur with a backpack and an idea to corporate innovation teams looking to add an entrepreneurial edge, we will support the entire range of IoT innovators.”
“It's an exciting time for Indiana’s technology sector as Indiana University partners with the IoT Lab to grow the creative and entrepreneurial spirit that is alive and well right here in Fishers,” said Indiana University First Lady Laurie McRobbie. “I’m delighted to have the opportunity to work closely with Launch Fishers and the IoT Lab to continue encouraging and engaging Hoosier women who are pursuing technology endeavors in the state.”
Led by the City of Fishers and Launch Fishers, the IoT Lab is the first of its kind for public-private partnerships intended to bring IoT innovation to entrepreneurs. The Lab, a partnership between Launch Fishers and the City of Fishers, was established to meet today’s business and consumer demands. The City of Fishers supports the project through lease payments for the building. The day-to-day operations of the Indiana IoT Lab – Fishers will be supported through memberships and additional sponsorships.
The Indiana IoT Lab – Fishers is supported by the following sponsors:
Ball State University
City of Fishers
Four Day Ray Brewing
Iconic Digital Marketing
Jasper Group Brands
Maginot, Moore and Beck
Old National Bank Foundation
More information on the Indiana IoT Lab – Fishers can be found at indianaiot.com.
1 GrowthEnabler Market Pulse Report, April 2017