An emerging innovation district in Indianapolis intentionally resourced with facilities and programs to support the tech enablement of the life sciences and advanced manufacturing industries, and the talent that drive their growth.
At full-build out, 16 Tech is expected to be home to facilities and programs that support more than 3,000 jobs in advanced industries.
Unlike an office park with stand-alone buildings often located in a suburban environment, innovation districts concentrate entrepreneurial resources in urban settings, bringing together startups, corporations, and academia to drive the competitiveness of regions.
Formed in 2015, 16 Tech Community Corporation (16TCC) is the nonprofit (501c3) landowner responsible for the 16 Tech Innovation District. As part of its work, 16TCC attracts private capital and developers to build and operate specialized facilities.
16TCC leads the physical and programmatic development of the District. We organize our work in the following pillars, each of which includes a unique DEI strategy.
1) Ecosystem Development
2) District Experience
3) Innovation Services
4) Neighborhood & Talent Connections
16 Tech is the result of support that has enabled utilities) necessary to attract provided startup capital engagement efforts. While 16TCC expects to over time, the programmatic and access to talent, innovation programs remains dependent
At 16 Tech, we believe Our spaces and programs to the diverse people entrepreneurial ecosystem.
We believe that through innovation will take place and with elevated impact Tech to attract business
By concentrating shared makerspaces, along with programs, 16 Tech makes scale companies, launch
significant public and philanthropic enabled the physical infrastructure (roads, attract vertical development and capital for 16TCC, including its community
to self-fund its real estate operations programmatic work that ensures the availability innovation and entrepreneurship dependent upon philanthropy.
believe that everyone can be an innovator. programs are intended to be accessible and ideas that are key to a vibrant ecosystem.
through density, proximity, and interaction, place at a faster rate, with greater success impact on our economy, also enabling 16 business and talent to Indianapolis.
shared resources including labs and with entrepreneurial services and talent makes it as efficient as possible to start and launch new products, and hire diverse talent.
250,000 SQUARE FEET TOTAL OPERATIONAL OFFICE, LAB & RETAIL SPACE IN 16 TECH
INVESTED IN THE SURROUNDING NEIGHBORHOODS
$127 M $48.2 M
Our goal: Attract anchors, tenants, and partners that connect and strengthen the innovation ecosystem
INFRASTRUCTURE TO DATE
$104 MILLION
$45 MILLION
VERTICAL DEVELOPMENT TO DATE
$150 MILLION
$41 MILLION $109 MILLION
INFRASTRUCTURE PROJECTS COMPLETED OR IN PROGRESS BY 16 TECH
ESTIMATED CAPITAL NEEDED TO COMPLETE 16 TECH INFRASTRUCTURE
9 PARCELS
REMAINING TO BE DEVELOPED
TOTAL CAPITAL INVESTED IN VERTICAL DEVELOPMENT
CAPITAL INVESTED BY 16 TECH
CAPITAL INVESTED BY THIRD-PARTY DEVELOPERS
$600 MILLION
ESTIMATED TOTAL INVESTMENT IN 16 TECH BY 2030
DEI STRATEGY: Create equitable opportunities for participation in all aspects of the development of 16 Tech and connect district anchors and tenants to best practices in procurement and inclusive talent.
Our goal: Create a welcoming, inclusive, and vibrant culture in 16 Tech
HQO EVENTS WELCOMED MORE THAN
37,000 ATTENDEES
2 WALK & TALKS ALONG INDIANA AVE WITH THROUGH2EYES
VIRTUALLY CONNECTING 200+ ATTENDEES
DEI STRATEGY: Foster equitable access to the facilities and resources in 16 Tech and create an inclusive and diverse culture through events, programs, and engagement activities that connect cross-sector, and cross-cultural networks.
Our goal: Ensure a continuum of resources in 16 Tech to advance innovation-driven entrepreneurship
AT MACHYNE:
90+ TRAINING & CLASSES
10 FREE DESIGN SEMINARS
80+ ENTREPRENEURS TRAINED TO START THEIR OWN BUSINESS THROUGH COMMUNITY EVENTS
FOR AMP TENANTS
CREATING CONNECTIONS WITH INITIAL EVENTS FOR LIFE SCIENCES AND DATA ANALYTICS
DEI STRATEGY: Seek entrepreneurial support partnerships that specialize in serving unique populations, ensuring these partnerships reflect diversity, equity, and inclusion standards necessary to support underrepresented entrepreneurs and their enterprises.
Our goal: Lower barriers for neighbors to participate in and contribute to the innovation economy
$1.3 MILLION IN COMMUNITY INVESTMENT FUND GRANTS FROM 2020-2022
$18,000+
NEIGHBORHOOD SPONSORSHIPS IN 2022
100+ STUDENTS ENGAGED THROUGH REGENERATION INDY SUMMER CAMP AT MACHYNE
35 RESIDENTS SUPPORTED
BY SCHOLARSHIPS TO ACCESS THE MAKERSPACE OR COWORKING SPACE AT 16 TECH
INDY WINTER FARMERS MARKET
20,000+ ATTENDEES $13,000 IN SNAP BENEFITS REDEEMED
DEI STRATEGY: Engage neighbors in the creation of functional pathways and inclusive access to advanced industries through investments and programs that align neighbors’ skills, competencies, and businesses with high-quality firms’ needs for talented workers.
Located on land formerly owned Water Company, much of 16 Tech’s operations has occurred underground and sanitary infrastructure and development parcels. This work public and philanthropic support financial position: 99% of 16 Tech’s the capital sourced to date have development of the District. Philanthropic also represented more 50% of
Yet, the success and vibrancy much on the social infrastructure
Your support enables 16TCC to
1) Programs to engage our neighbors,
2) Events to support diverse cross-cultural networks, and
3) Resources for entrepreneurs they seek to start and scale.
owned by the Indianapolis Tech’s work in its first five years of underground – upgrading the city’s water and creating utility access to future work has been funded through significant support that is reflected in 16 Tech’s Tech’s assets as of 12/31/22 and 89% of have been used to support the physical Philanthropic support for capital projects of 16 Tech’s income in 2022.
of innovation districts depend just as infrastructure as the physical infrastructure. to ensure the availability of: neighbors, talent and develop cross-industry, and entrepreneurs and innovators and the companies scale.
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Explore 16 Tech with one of our team members, info@16tech.com
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LEARN MORE: 16TECH.COM
VISIT: 1220 WATERWAY BLVD, INDIANAPOLIS, IN 46202