16 Tech Community Corporation Impact Report 2022

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2022 INNOVATION IN ACTION 16 TECH COMMUNITY CORPORATION
IMPACT REPORT
16 TECH: INDY'S DESTINATION FOR INNOVATION-DRIVEN Indiana Ave. 16th Street Indianapolis Cultural Trail Expansion Innovation Building 1 HQO EMC2 8 Miles to Indianapolis International Airport Located in the historic

INNOVATION-DRIVEN ENTREPRENEURSHIP & ENTERPRISE

16 Tech Bridge Fall Creek White River Cultural Expansion Medical & Research
Downtown Indianapolis IU - Indianapolis Purdue in Indianapolis historic Riverside neighborhood 2 Miles from Monument Circle
Corridor

Dear Friends,

When I joined 16 Tech five years ago as the second full-time employee and COO, the innovation district existed in concept only and its stakeholders were ready for visible progress following a long period of planning. It was time to show results.

Today, as I approach my first anniversary as the President & CEO, I’m proud to share our first ever Impact Report - and the results are undeniable.

16 Tech’s first job was to assemble and prepare the land, historically the site of our city’s water infrastructure. Today, initial public infrastructure is complete, three buildings are home to more than 90 innovation-related organizations, and eight development sites are shovel ready.

While physical space is critical to the overall vision of 16 Tech, we exist as a non-profit to ensure that the space is in service of our mission to accelerate innovation and opportunities for participation in the innovation economy.

That’s why engagement with our neighbors in the Riverside neighborhood has been a part of our work since before 16 Tech was even established. It’s also why ensuring the availability and accessibility of quality entrepreneurial services in 16 Tech is guiding this next phase of 16 Tech’s growth.

In spite of changes to the way people work in recent years, it remains clear that talent needs places to gather, entrepreneurs are more successful when they can quickly connect with resources, and communities that support the growth of their entrepreneurial ecosystem are better positioned to be the economies of the future.

That’s why we’re excited to share our progress with you. We thank you, our partners, and our funders for the continued support of our work!

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TABLE OF CONTENTS

5 ABOUT 16 TECH ��������������������������������������������������������������������������� 6 BY THE NUMBERS ����������������������������������������������������������������������� 8 ECOSYSTEM DEVELOPMENT ��������������������������������������������������� 10 DISTRICT EXPERIENCE �������������������������������������������������������������� 18 INNOVATION SERVICES ���������������������������������������������������������� 24 NEIGHBORHOOD TALENT & CONNECTIONS ����������������������� 30 FINANCIAL INFORMATION ������������������������������������������������������ 38 TEAM ������������������������������������������������������������������������������������������ 40 WHAT’S AHEAD ������������������������������������������������������������������������ 42 HOW TO ENGAGE �������������������������������������������������������������������� 44

ABOUT 16 TECH

WHAT IS 16 TECH?

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.

WHAT IS AN INNOVATION DISTRICT?

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.

WHO OWNS 16 TECH?

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.

WHAT DOES 16TCC DO?

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

HOW IS 16 TECH

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

WHO IS 16 TECH

At 16 Tech, we believe Our spaces and programs to the diverse people entrepreneurial ecosystem.

WHY 16 TECH?

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

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TECH FUNDED?

significant public and philanthropic enabled the physical infrastructure (roads, attract vertical development and capital for 16TCC, including its community

ACTIVE BUILDINGS

to self-fund its real estate operations programmatic work that ensures the availability innovation and entrepreneurship dependent upon philanthropy.

TECH FOR?

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.

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TECH?
Innovation Building 1 (Opened 2020) Home to Indiana Biosciences Research Institute, IU School of Medicine, CICP and shared lab space for life science startups. HQO (Opened 2021) Innovation hub featuring coworking and flexible office space, Machyne makerspace and the AMP food hall. Emerging Manufacturing Collaboration Center (Opened 2022) A cross-sector manufacturing innovation center that enables its members to design and deliver cutting edge manufacturing technologies.
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65% MINORITY-OWNED/LED & WOMEN-OWNED/LED IN THE AMP 50% NEW CONCEPTS IN THE AMP RESTAURANTS & RETAILERS 1.9K FOLLOWERS 6.3K FOLLOWERS 15.2K FOLLOWERS 2.5K FOLLOWERS $1.3 MILLION IN-KIND CONTRIBUTIONS
of memberships, space rentals $500,000+ 40 COMMUNITY
AWARDED
INCEPTION IN 2022 700+ PEOPLE WORKING IN 16 TECH 55 START UPS 90+
&
16 TECH 20+
BY THE NUMBERS
Inclusive
GRANTS
550 EVENTS SINCE
COMPANIES
ORGANIZATIONS LOCATED IN

250,000 SQUARE FEET TOTAL OPERATIONAL OFFICE, LAB & RETAIL SPACE IN 16 TECH

INVESTED IN THE SURROUNDING NEIGHBORHOODS

$127 M $48.2 M

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CONTRIBUTIONS rentals & events 000+
COMMUNITY
1 NEW BUILDING
EVENTS IN HQO UNIVERSITIES
TECH Venture Non-Profit University Technology Other* Life Sciences Advanced Manufacturing/Hard Tech 5% 4% 2% 9% 35% 20% 24% *Includes professional services
NEIGHBORS
MILLION
INVESTMENT FUND AWARDED
IN 16
10,000+ TOTAL CONSTRUCTION CONTRACTS XBE CONSTRUCTION SPEND PARTICIPATING
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ECOSYSTEM DEVELOPMENT

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

TOTAL CAPITAL INVESTED IN VERTICAL DEVELOPMENT

CAPITAL INVESTED BY 16 TECH

CAPITAL INVESTED BY THIRD-PARTY DEVELOPERS

REMAINING TO BE DEVELOPED

9 PARCELS ESTIMATED TOTAL INVESTMENT IN 16 TECH BY 2030

$600 MILLION

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.

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CREATING AN INNOVATION DISTRICT FROM THE GROUND UP

16 Tech encompasses 50-acres that until 2020 was the largest parcel of land that had never been developed in downtown Indianapolis. The land is also the long-time location of Indianapolis’ water infrastructure, causing complexity in development which deterred private investment until the formation of 16 Tech. With its first phase of infrastructure projects complete and three active buildings seeding the district with diverse industry tenants and key entrepreneurial supports, 16 Tech has emerged from its planning and startup phases and is now poised to become an active, thriving innovation district that is home to additional companies and innovation opportunities.

EMERGING DISTRICT Attracting Investment

ACTIVE DISTRICT Recruiting Anchors

GLOBALLY SIGNIFICANT DISTRICT Mature &

Self-Sustaining

Innovation Districts Stages of Maturity

Source: The Role of Anchors: Lessons from International Innovation Precincts, NSW Government, September 2022.

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PROJECTS COMPLETED IN 2022

EMERGING MANUFACTURING COLLABORATIVE CENTER (EMC2)

OPENED: MAY 2022

16 Tech celebrated the grand opening of EMC2, home to GE Additive, Amazon Web Services, IEDC, 24M, the Battery Innovation Center, Indiana 5G Lab, ARI, the Indy Autonomous Vehicle Challenge/ESN and Megha AI.

BREEDLOVE LANE

OPENED: JUNE 2022

Community members participated in a social mediapowered road naming campaign to name a new road completed in 2022. The winning selection honors entrepreneur and philanthropist Madam C.J. Walker (born Sarah Breedlove).

STRUCTURED PARKING

OPENED: JUNE 2022

16 Tech opened a 650-space parking garage featuring electric vehicle (EV) chargers. The project was funded by the City of Indianapolis and Indiana University Health.

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EMC2 ADVANCES AWARENESS OF WHAT’S POSSIBLE IN MANUFACTURING

Indiana’s small and medium manufacturing companies need to leverage the newest technologies to stay competitive in a rapidly changing industry, but getting access to the latest tech like General Electric’s Binder Jet additive technology or floor space to house autonomous vehicles isn’t always easy. The Emerging Manufacturing Collaboration Center (EMC2), however, is doing just that— connecting Indiana manufacturing companies to advanced technologies and driving awareness of what’s possible in the world of manufacturing. EMC2’s three-part approach is focused on awareness, education, and integration. “Integration. Getting this done with companies— that’s going to be the real DNA of this place,” says EMC2 Director Kent Anderson.

EMC2 is part of the Indiana Economic Development Corporation’s $10 million EASE initiative designed to stimulate manufacturing investments that will position Hoosier operations, and the sector overall, for future growth and prosperity. The $3 million in funding for the facility was approved through the state’s 21st Century Research & Technology Fund (21 Fund), which makes direct investments into Indiana startups and supports publicprivate partnerships to advance technology development and commercialization.

The 61,000 sq. ft. space has all the modern amenities of a coworking space, including phone booths, and private and shared office spaces.

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“By working together, they can do better than they would otherwise on their own.” That’s the power of an innovation ecosystem.

But the expansive building also includes value-adds like a 100-person training room, highly specialized equipment, and unique access to EMC2’s specialized hands-on team. “Instead of just being people who attend a meeting and talk about collaborating, we try to be a value-add to our partners,” Anderson explains. EMC2 installed high-voltage electric services to their expansion area— 2.2 megawatts to be exact (roughly equivalent to 220,000 LED lightbulbs) to support tenants, like battery manufacturer 24M. Power is one thing tenants don’t have to worry about when running their business out of EMC2.

In partnership with the Small Business Development Center, EMC2 consults statewide with small manufacturing companies so they may benefit from EMC2’s resources and expertise. Anderson’s longterm goal is to get the right mix of diverse tenants with overlapping industries who collaborate. “By working together, they can do better than they would otherwise on their own,” he says. That’s the power of an innovation ecosystem.

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ECOSYSTEM DEVELOPMENT IN ACTION

IAC: A DRIVING FORCE BEHIND AUTONOMOUS VEHICLE INNOVATION LOCATED: EMC2

Organized by Energy Systems Network, Indy’s Autonomous Challenge (IAC) is driving global autonomous vehicle innovation and inspiring the next generation of STEM talent. International university teams compete in a series of challenges to advance technology that speeds the commercialization of fully autonomous vehicles and deployment of advanced driver-assistance systems to increase safety and performance.

BUILDING EQUITABLY

16 Tech encourages the participation of XBEs in the development, design, and construction of the District. To date, construction projects in 16 Tech have contracted with 70XBE firms and employed 2,048 individuals, of which 35% were from Marion County.

*Diversity participation and workforce utilization goals are set by the City of Indianapolis and apply to the construction projects in the District whether led by 16TCC or private sector development partners.

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MBE 19.3% GOAL: 15% 7.7% GOAL: 8% WBE 5.4% GOAL: 3% VBE 0.2% GOAL: 1% DOBE 39.0% GOAL: 27% TOTAL XBE

VISIONING WITH THE COMMUNITY

In 2022, 16 Tech completed the conceptual design for future placemaking and greenspace efforts which will serve as a key public amenity, connecting the broader trail system and neighboring community assets.

LIFE SCIENCES STARTUPS TAKE OFF

LOCATED: INDIANA BIOSCIENCES RESEARCH INSTITUTE

Adipo Theraputics is one of 13 startups located in Indiana Biosciences Research Institute’s state-of-the-art lab space in 16 Tech. The preclinical biotech startup is focused on developing breakthrough technology with the potential to transform how the body uses fat and improve health outcomes for millions of patients living with obesity and type 2 diabetes.

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ACTION

DISTRICT EXPERIENCE

Our goal: Create a welcoming, inclusive, and vibrant culture in 16 Tech

550 EVENTS

HQO EVENTS WELCOMED MORE THAN

37,000 ATTENDEES

2 WALK & TALKS ALONG INDIANA AVE WITH THROUGH2EYES

4 COMMUNITY UPDATES

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.

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IN HQO EVENT BREAKOUT: 240 COWORKING 116 MACHYNE 200 AMP
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TASTE OF INNOVA CARRIES ON A FAMILY LEGACY

Kara Hawkins’ family legacy is deeply rooted in the west side of Indianapolis. Her grandfather opened “Little Hawks Liquor” on Indiana Ave in 1962, and her mother’s family was part of the renovation of the Madam C.J. Walker building in the 1970s and 1980s. When Kara and her mother, Monique, founded Taste of Innova Wings + Greens, a restaurant that fuses international and traditional recipes, they made its first home in the Near West side culinary community of the AMP. “I have seen our family become outstanding community blueprints in innovation, development, leadership, professionalism, education, religion, and so much more,” Hawkins says. “My mother and I are both proud to come from family legacies that impacted and have shaped Indiana Avenue’s rich African American culture and the city’s history for generations.”

Kara and Monique knew developing the innovative restaurant would take time, so the resources at 16 Tech were a great fit. “The staff and team at the AMP were incredibly supportive, whether it be with the information of how to navigate or what they could learn from us,” Hawkins says. In the two years since opening, Hawkins notes the restaurant has already reached many of its 5-10 year goals, including developing local, national and global brand partnerships.

About the AMP:

• 16 Tech’s food hall, event venue, and community gathering space boasting 20+ restaurants and retailers, located in HQO

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Taste of Innova made history as the first restaurant to partner with award-winning Uncle Nearest Premium Whiskey – one of the first known African American whiskey distillers in the U.S. – to create the first whiskey-infused wing sauces.

In 2022, Taste of Innova Wings + Greens also became the first minority and women-owned restaurant to make a permanent home in Gainbridge Fieldhouse. The benefit of working within and alongside 16 Tech goes beyond accelerating their restaurant business, Hawkins explains. “Being a part of a community and space whose mission is community enrichment and development aligned with our mission to do the same,” she says.

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DISTRICT EXPERIENCE IN ACTION

WALK & TALK ALONG INDIANA AVENUE

As part of 16 Tech’s efforts to engage tenants in the history of nearby neighborhoods, Sampson Levingston, of Through2Eyes, led interactive walking tours of the culture and innovation along Indiana Avenue.

FASTFORWARD WITH INDY CHAMBER

More than 350 Indianapolis-based interns met at the AMP in July 2022 to explore culture and opportunity in Indy during the FastForward conference hosted by 16 Tech in partnership with the Indy Chamber.

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PROPELLING YOUNG TALENT

In December 2022, more than 200 Indianapolis young professionals gathered for an interactive half-day summit organized by CICP. Attendees participated in content-rich sessions, met with corporate and civic leaders during a networking reception, and connected with other early-career professionals.

ENGAGING INDY’S 20-AND-30-SOMETHINGS LOCATED: HQO

IndyHub, President and CEO, Al Carroll, wanted the organization to be headquartered somewhere accessible and where young professionals in Indy wanted to be. Hear why he believes 16 Tech is the right place.

STAY IN THE LOOP!

Sign up here for the 16 Tech weekly events email to see what’s happening in the District.

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16 TECH IMPACT REPORT 2022

INNOVATION SERVICES

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

6 BUSINESS SUPPORT CLASSES FOR AMP TENANTS

1

NETWORKING SERIES LAUNCHED

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.

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CONVERSIGHT.AI: HQO HAS EVERYTHING A STARTUP NEEDS

When Ganesh Gandhieswaran, co-founder of ConverSight.ai, considered his options for a new headquarters in 2021, he hoped to find a place that could match the speed of the company’s growth.

Since moving to 16 Tech last year, the conversational AI company has fundraised $4.5 million to expand the team and fuel growth. Every quarter, he brings his entire hybrid team to Indianapolis to meet in their headquarters at HQO. “We are not constrained. If we want to brainstorm or have a casual chat, the ambiance is great,” he says. “I can pick and choose what kind of room I need. I think [that] is very important, especially to attracting talent now.”

ConverSight’s office doesn’t look like a traditional working space. At the far end of the open concept room, beyond the sleek desks and lounge space, is a window-pane garage door that opens into The AMP. Down the hall, there’s a kitchen stocked with Tinker’s “Zing” brewed-to-order coffee blend. The kitchen opens to an ample coworking space with mixed-use tables, armchairs, and various meeting spaces. “When we saw this space,” says Gandhieswaram. “We said, this is the place.”

ConverSight’s “officemates” are an added benefit to the company. The 16 Tech Innovation District is home to university commercialization

16 TECH IMPACT REPORT 2022
“A place to attract investors and talent, foster an energetic and comfortable team culture, incite new ways of thinking.”

resources from Indiana University and Purdue University, as well as Techpoint, a CICP initiative focused on the tech ecosystem. “You really need them. Not everything [in 16 Tech] is a software or manufacturing company,” Gandhieswaran says. “You see the diversity, and that’s really good.”

He found more than what he was looking for at HQO. He’s found a place to attract investors and talent, foster an energetic and comfortable team culture, incite new ways of thinking, and network with other thinkers and doers in HQO. “It’s cool, it’s innovative thinking, and I have unlimited space,” he says. “That’s what a startup needs.”

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INNOVATION SERVICES IN ACTION

RESOURCES HELP HALOPHORE THRIVE LOCATED: MACHYNE

Watch how Halophore, a result of a successful collaboration between Indiana University and University of Copenhagen research labs, is leveraging the flexible space, equipment, and resources at Machyne to manufacture cutting-edge proprietary fluorescent materials.

CREAM & CONCRETE SCALES UP LOCATED: MACHYNE

Watch how Kaitlan Vosler used her studio space to double her wholesale business and eventually become 16 Tech’s first graduate, outgrowing the studio to an even larger facility.

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WELCOMING LOCAL ACCELERATOR PROGRAMS

LOCATED: HQO

In 2022, two accelerators, gBETA and Bunker Labs, utilized the coworking space at HQO to connect early stage innovators with key resources in the innovation ecosystem.

NANOBIO DESIGNS MAKES INDY ITS HOME LOCATED:

HQO

Watch how NanoBio Designs is developing a fast and cost-effective genetic detection solution for the corn and soybean industry.

PROVIDING A CREATIVE START

Machyne welcomes community members monthly to free design seminars and classes focused on the introduction of tools through signmaking, 3D printing and more.

LEVELING UP THE ECOSYSTEM

LOCATED: INNOVATION BUILDING 1

16 Tech anchor tenant, CICP, and its initiatives Techpoint, Biocrossroads, Conexus, AgriNovus, and Ascend Indiana focus on talent and industry sectors, including the life sciences, advanced manufacturing and logistics, and technology.

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NEIGHBORHOOD TALENT & CONNECTIONS

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

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.

16 TECH IMPACT REPORT 2022
TO ACCESS THE MAKERSPACE OR COWORKING SPACE AT 16 TECH
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16 TECH’S COMMUNITY INVESTMENT FUND

The 16 Tech Community Investment Fund (CIF) was established to support resident-endorsed projects that are important to the growth and vitality of the neighborhoods near 16 Tech. The CIF is guided by an advisory committee made up of neighborhood leaders, residents and supporting organizations.

Seeded with $3 million in funding from the City of Indianapolis, the CIF will be sustained through a $0.20-per-square-foot assessment on space occupied by 16 Tech tenants. 16 Tech has awarded three cycles of grants in two pools - the innovation pool and the impact pool. The innovation pool funds projects up to $25,000 for neighborhood organizations with annual operating budgets less than the $1 million. The impact pool funds projects up to $100,000.

16 Tech approaches its grantmaking using trust-based philanthropy, a way of sharing resources (e.g., grants) informed by core values of mutual accountability, shared power, and equity.

CYCLES

TO NEIGHBORHOOD PROJECTS

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1 – 3: $1.3M AWARDED
EDUCATION $503,000 AWARDED INFRASTRUCTURE & BEAUTIFICATION $193,000 AWARDED NEIGHBORHOOD CAPACITY BUILDING $265,800
BUSINESS SUPPORT $85,000 AWARDED WORKFORCE TRAINING $255,000 AWARDED 7 GRANTS 13 GRANTS 6 GRANTS 10 GRANTS 4 GRANTS W WASHINGTON ST 16TH ST DR MARTIN LUTHER KING JR ST NTIBBS AVE N KESSLER BLVD W 38TH ST 1 65 1 65 1 65 INDIANAAVE NEAR NORTHWEST 24 FLANNER HOUSE HOMES RANSOM PLACE 16 NEAR WEST 26
AWARDED

GRANTEE SPOTLIGHT

Dig into the impact of five organizations that received 16 Tech grant funding in Cycles 1-3.

ASPIRE HIGHER FOUNDATION has transformed an old firehouse into meeting rooms, event space, and a commercial kitchen, serving as a hub for community, connection, and education.

LEARN MORE

BELIEVERS UNITED IN LOCAL DEVELOPMENT (BUILD) used grant funding to provide education, training, and support services to Indianapolis youth. BUILD remodeled 12 affordable housing homes and additions, and helped trainees secure construction employment. Since receiving funding, BUILD has developed five new employer partnerships, increasing their capacity to recruit and retain youth as part of the program.

LEARN MORE

CHRISTEL HOUSE ACADEMY was awarded funding for The Near Northwest and Near West Adult Learner Industry Certifications program. The program supported more than 111 students by providing individualized career plans and guidance on earning relevant industry certifications, increasing job readiness and future earning potential. During the grant cycle, 27 students graduated from the program.

LEARN MORE

NEAR NORTHWEST (NNW) OUTREACH PROGRAM received funding to support Flanner House of Indianapolis’ ongoing outreach to residents and efforts to support placemaking and beautification. The program expanded the distribution of the NNW Exchange Newsletter, published digitally and in-print. Funds also supported the installation of a new MLK Corridor Banner at 30th and MLK, enhancing the beautification of the neighborhood. LEARN MORE

SOURCE ENTREPRENEURSHIP CENTER received funding to revitalize the West Michigan Street business corridor, helping minority-owned businesses by providing funding for equipment and interior rehabilitation. Grant funding enhanced the lives of property owners, employees and customers, demonstrating the power of targeted, focused investment in minority-owned businesses in Indianapolis.

LEARN MORE

VIEW ALL GRANTEES HERE

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MEET THE 16 TECH STREET TEAM

Ed Neville grew up in the Flanner House neighborhood across from Crispus Attucks High School. In 2016, he returned to his childhood home to care for his father and noticed that the historically black neighborhood had changed since his youth. “This neighborhood is far more diverse than what it was. It’s kind of transitory,” he says. Neville was part of 16 Tech’s second Street Team in 2022, a cohort of six part-time employees who are residents of the neighborhoods around the District. Feedback from Neville and the Street Team helps create a continuous communication loop between the Near West, Near Northwest, and Indiana Avenue communities near 16 Tech.

In addition to being a voice for neighboring communities, the Street Team represents 16 Tech at community events, job fairs, concerts, and neighborhood meetings to let people know about the opportunities, services, and amenities. “A couple of times, I was at career or entrepreneur fairs, and we explained what 16 Tech is,” Neville shares. At a free concert at Riverside Park, Neville handed out flyers and even added his own flair to generate excitement in 16 Tech. “I actually made a little video on my telephone about the AMP,” he says. Response to the video was positive, “Because I’m funny. At least, I think I am,” Neville jokes. He points out that opportunities like 16 Tech didn’t exist when

he was growing up. Now that 16 Tech is next door, he’s happy to spread the word. “I tried to explain to anybody that I talked to about it, or at gatherings or that type of thing. I think it’s an outstanding idea, you know, the price is right, and the facilities are topnotch, state of the art. I hope it gets the support that it deserves.”

2022 Street Team Members:

• Carlos Gupton, Riverside

• Tedd Hardy, Haughville

• Cari Morales, Haughville

• Edward Neville, Historic Flanner House Homes

• Omar Rashan, Northwest Landing

• Yuri Smith, Riverside

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The facilities are top notch, state of the art. I hope it gets the support that it deserves.“

THE INDY WINTER FARMER’S MARKET IS A MARKET FOR EVERYONE

When Victoria Beaty, former Executive Director of Growing Places Indy and Shalise Lee, former Growing Places Indy’s Community Impact Director, needed to find a new location for the Indy Winter Farmer’s Market (IWFM) in 2021, they sought a location that would expand access for those in the Near West neighborhoods. In 2021, IWFM partnered with 16 Tech to move the market to the AMP, leveraging the 40,000 square-foot food hall, rent-free. The market welcomed 20,000 visitors in its first season at 16 Tech.

“Once we realized that we were going to 16 Tech, we were like, you know what, this is great because historically, these are two black neighborhoods that have endured redlining and grocery stores closing and just disinvestment of the community as a whole,” Beaty said. Not only do IWFM vendors bring fresh produce and healthy meals into an existing food desert, but they also triple the money of shoppers using SNAP benefits, formerly called food stamps. IWFM is the only market that offers the Triple SNAP Program during market hours, turning $20 into $60 when you shop with tokens at IWFM. “We value not only our partnership with the AMP and 16 Tech, but we also value the impact that we’ve had so far. When we look at our numbers, we have the largest SNAP redemption in the winter farmer’s market history,” Beaty points out. The market can be an incubator for small businesses— another testament to the impact of community-focused markets like IWFM.

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AMP vendors have connected with the farmers to add fresh produce, spices, and other items to their menus. “It’s been a great way to connect farmers to small business owners,” Beaty said.
We value not only our partnership with the AMP and 16 Tech, but we also value the impact that we’ve had so far.”

NEIGHBORHOOD & TALENT IN ACTION

THE FOOD ARCHITECT FUELS HEALTHY OPTIONS

Classically trained chef Corey McDaniel’s grandmother grew up in the neighborhoods surrounding 16 Tech. Watch why it was important for him to offer nutrient-dense food products that bring clean, healthy, and positive change to his community.

DON WOOD GRANT ADDRESSES TALENT GAPS IN ADVANCED MANUFACTURING

In 2022, 16 Tech secured a $300,000 grant from the Don Wood Foundation for a talent initiative, “Co-Designing Prosperity & Manufacturing Futures.” The grant enables 16 Tech to coordinate diverse training efforts led by and/or accessible for nearby residents to prepare neighbors for participation in advanced industry jobs.

Initial collaborators include Conexus Indiana, Ivy Tech Community College, AnalytiXIN, Elevated Culture, Gary Gee, Scholars Programs, Hawthorne Community Center, the Labor Institute for Training, and Matchbook Learning.

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IUPUI Machyne semesters projects. Machyne’s

SUPPORTING INDIANA UNIVERSITY HEALTH FELLOWS AT CRISPUS ATTUCKS HIGH SCHOOL

16TCC collaborated with Indiana University Health (IUH) to organize, fund and prepare IUH Fellows at Crispus Attucks High School for a second-annual networking event at 16 Tech that connected 45 Fellows with more than 70 life sciences and advanced industry professionals.

IUPUI STUDENTS TEST OUT AUGMENTED REALITY AT MACHYNE

Machyne partnered with IUPUI’s Center of Student Innovation to host four semesters of Multidisciplinary Undergraduate Research Institute (MURI) projects. Students focused on creating an augmented reality headset display for Machyne’s 3D printer, as well as a 3D Augmented Reality Seeing Space.

SASSY SENIORS BRING A BEAT TO THE AMP

“Where happiness happens.” That’s the tagline for the Sassy Seniors social exercise group that has been movin’ and groovin’ around the Indianapolis community since 1980. The Sassy Seniors perform monthly during lunch on the AMP stage, entertaining diners with community fun.

37

16TCC FINANCIAL

WHY YOUR SUPPORT

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.

16 TECH IMPACT REPORT 2022
Interest and Other Income Philanthropic – Other Philanthropic - Capital Projects Real Estate Operating Revenue Tax Credits 14% 3% 59% 12% 12% 2022 REVENUE & SUPPORT $23.8M Management & General Real Estate Operations Fundraising Pre-Development Programming 7% 12% 55% 4% 22% 2022 OPERATING EXPENSES $6.7M

FINANCIAL INFORMATION

SUPPORT MATTERS

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.

SOURCES SINCE INCEPTION

39 City of Indianapolis Philanthropic State of Indiana Private Debt Federal
Other Assets Fixed/Placemaking Assets 1% 99%
$139.4M 34% 11% 89% 8% 13% 18% 27%
ASSETS AS OF DEC. 2022
CAPITAL
$197M Capital Projects Operating Support

STAFF

Emily Krueger President and CEO ekrueger@16tech.com

Whitney Ball Director of Events wball@16tech.com

Matt Foxworthy AMP Operations Manager mfoxworthy@16tech.com

Bre Schuster Event Coordinator bschuster@16tech.com

Alex Kurrelmeier Chief Financial Officer akurrelmeier@16tech.com

Nina Booth Experience Associate nbooth@16tech.com

Averi Hittle Digital Marketing Manager ahittle@16tech.com

Lisa Smith Executive Assistant lsmith@16tech.com

16 TECH BOARD OF DIRECTORS (AS OF FEB. 2023)

David Johnson (Chair) Central Indiana Corporate Partnership

Melina Kennedy (Vice Chair) Central Indiana Corporate Partnership

Tory Castor (Secretary) Indiana University Health

Jeff Harrison (Treasurer) Citizens Energy Group

Emily Krueger (President & CEO) 16 Tech Community Corporation

Vincent Ash Indiana Economic Development Corporation

Aman Brar Ground Game Ventures

Paul Babcock Health and Hospital Corporation of Marion County

Kristin Mays-Corbitt Mays Chemical Company, Inc.

Ramesh Durvasula Eli Lilly & Company

Daniel Hasler Purdue University

Michael Huber Indiana University

John Huesing Indiana University Health

Michael Mirro Mirro Center for Research & Innovation

Alan Palkowtiz Indiana Biosciences Research Institute

Sarah RIordan City of Indianapolis

David Roberts ARI (Applied Research Institute)

Bob Whitt Chief Operating Officer bwhitt@16tech.com

Greer Crossley Experience Manager gcrossley@16tech.com

Eric J. Miller Director of Real Estate & Development emiller@16tech.com

Melanie Suder Creative Brand Manager msuder@16tech.com

41% FEMALE BOARD & COMMITEE

38% MINORITY BOARD & COMMITEE

16 TECH IMPACT REPORT 2022

Jacqueline Eckhardt Director of Communications

jeckhardt@16tech.com

Gina Davis Inclusive Talent & Grants Specialist

gdavis@16tech.com

Tamika Moore Staff Accountant tmoore@16tech.com

Paul Williams Machyne Workshop Manager

pwilliams@16tech.com

Sibeko Jywanza Director of Community Access & Engagement

sjywanza@16tech.com

Nick Douglas Machyne Workshop Assistant

ndouglas@16tech.com

Beth Schneider, CPA Controller bschneider@16tech.com

63% FEMALE

37% MINORITY

16 TECH COMMUNITY INVESTMENT FUND ADVISORY COMMITTEE

Richard Bray IUPUI Office of Community Engagement

Reene Davis Neighbor

Mackenzie Higgins City of Indianapolis

Alejandra Lagunas Neighbor

Mark Latta Marian University

Aaron Laramore Local Initiatives Support Corporation

Keith (WildStyle) Paschall Neighbor

Esther Sandlin Neighbor

Mariama Shaheed Neighbor/Global Preparatory Academy

Disa Watson Neighbor

16 TECH DESIGN STANDARDS COMMITTEE

Marya Rose (Chair)

Former CAO, Cummins (Retired)

Adam Thies Indiana University

Lourenzo Giple City of Indianapolis

Lily Pai Lilly Pai Designs

41

WHAT’S AHEAD FOR 16 TECH

RESIDENTIAL 1 ANTICIPATED: 2024-2025

First 280-unit multi-family project will connect residents to a seamlessly integrated live-work-innovate community.

16 TECH IMPACT REPORT 2022 WHITE RIVER
IUPUI Herron School of Art + Design Eskenazi Fine Art Center Roudebush VA Medical Center Indiana University Eskenazi Hospital Riley Hospital for Children BRTC Building IU School of Medicine Indianaplis Motor Speedway (2.8 miles) WHITE RIVER HARDING ST. INDIANA AVE. WATERWAYBLVD. 16TH ST. INDIANA AVE. 10TH ST. WATERWAYBLVD. WATERWAYBLVD. SERVAAS BRIDGE MONTCALMST. GENT AVE. CENTRAL GREEN 16TECH BRIDGE TECHTRAIL TECH TRAIL TECH TRAIL TECH TRAIL PARCEL L Hotel Site PARCEL O PARCEL D PARCEL G2 PARCEL E PARCEL I PARCEL H PARCEL K PARCEL J EMC2 INNOVATION BUILDING 1 RESIDENTIAL 1 (2024) MACHYNE MAKERSPACE THE AMP OFFICE SPACE PARKING GARAGE
TRAIL
Future Development Site Near Term Development Site Active Coming Soon

TRAILEXPANSION

DRUG DISCOVERY LABORATORY ANTICIPATED:

2023

The Indiana Biosciences Research Institute is looking forward to opening its new drug discovery laboratory, which expands its chemistry capabilities in support of accelerating the pursuit of novel therapeutics.

16 TECH BRIDGE ANTICIPATED: 2024

The groundbreaking for 16 Tech Bridge was held in March 2023. The bridge will be a vital connector, spanning Fall Creek from the IUPUI medical/research corridor to the 16 Tech Innovation District. Contact Emily Krueger, ekrueger@16tech.com, to learn about naming rights opportunities.

DEVELOPMENT OPPORTUNITIES

16 Tech has the most robust pipeline of development projects in its history, representing catalytic opportunities for lab and applied research spaces in the Indianapolis region. Available parcels are intended for lab, retail, office, hotel and more. Interested parties may contact Eric Miller emiller@16tech.com.

43 Cook Regentec MonumentCircle (2.4miles) University Purdue University Indianapolis IU Academic Health Campus (2.4 miles) M I L B U R N S T M I L B U R N S T
FALLCREEK CULTURAL

WORK AT 16 TECH

REFER AN INNOVATION-DRIVEN

LEASE OR BUILD

SPONSOR OR DONATE

16 TECH IMPACT REPORT 2022
Eric Miller, emiller@16tech.com about leasing and vertical development opportunities.
Contact
innovators to our facilities, resources and programming.
ENTERPRISE Connect
here or learn about opportunities to support 16 Tech’s placemaking projects or programs, by contacting Emily Krueger, ekrueger@16tech.com
Donate
our makerspace machyne.cobot.me or explore our coworking space 16tech.cobot.me HOW TO
Join

ENGAGE

JOIN US

There’s always something happening at 16 Tech. Subscribe to get events in your inbox weekly.

TAKE A TOUR

Explore 16 Tech with one of our team members, info@16tech.com

PLAN A MEETING OR EVENT

16 Tech offers space for events small and large. Reach out to our team here.

FOLLOW US ON SOCIAL

45

LEARN MORE: 16TECH.COM

VISIT: 1220 WATERWAY BLVD, INDIANAPOLIS, IN 46202

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