CICP Launches Catalyst Scholars Fund to Drive Advanced Chemistry Innovation in Indiana

Indianapolis (March 5, 2026) – The Central Indiana Corporate Partnership (CICP) has announced the launch of the Catalyst Scholars Fund, which marks the first phase of a broader Advanced Chemistry strategy for Indiana. The strategy involves a coordinated effort to position Indiana as the national leader in the development and deployment of technologies needed to reshore and secure critical supply chains for medicines, animal health products, and agricultural inputs, which is a national security priority.

The Catalyst Scholars Fund is a five-year initiative to enable Indiana’s leading STEM higher education institutions, including its four R1 research institutions (Indiana University, Purdue University and the University of Notre Dame) along with Rose-Hulman Institute of Technology to attract world-class research teams in Advanced Chemistry through strategic cluster and eminent scholar recruitment. The Fund will provide matching support for major equipment, laboratory infrastructure, and startup packages, strengthening the State’s ability to attract and retain top research talent with the expertise and capabilities to develop new technologies with translational potential that can be deployed to strengthen domestic supply chains. 

Supported by a $69.4 million grant from Lilly Endowment Inc. to the CICP Foundation Inc. and matching commitments from participating universities, the Catalyst Scholars Fund, spearheaded by CICP and powered by its branded initiatives, BioCrossroads and AgriNovus Indiana, will enable these Indiana higher education institutions to recruit 25 to 45 world class faculty and their teams over five years to tackle industry informed grand challenges in analytical chemistry, novel macromolecular chemistries, automation, and artificial intelligence applications in bioscience manufacturing. 

Leveraging Indiana’s unique strengths, including global life sciences leaders Eli Lilly and Company, Elanco Animal Health, and Corteva and these world-class research and teaching institutions and the State’s position as the nation’s leading exporter of life science products, the initiative will accelerate new research and translation of platform technologies. Together, these tools and capabilities are relevant across human health, animal health, and plant science, serving as a compelling example of the power of Indiana’s One Health ecosystem. 

“The Catalyst Scholars Fund begins to position Indiana as the go-to location for innovation and technology implementation in Advanced Chemistry manufacturing,” said Central Indiana Corporate Partnership (CICP) CEO Melina Kennedy. “CICP and its initiatives, BioCrossroads and AgriNovus, are pleased to help align these CEOs, university presidents, and ecosystem partners around a single vision: making Indiana the national hub where world-class academic researchers and industry partners come together to strengthen our nation’s most critical supply chains.”

“The Catalyst Scholars Fund builds on IU’s longstanding strengths in the life sciences and accelerates the momentum of IU LAB to rapidly translate research into innovation that fuels Indiana’s competitiveness,” said Indiana University President Pam Whitten. “As Indiana’s largest research institution with a statewide footprint, IU brings unmatched scale, depth, and capability to this effort. By joining forces with the other initiative partners and industry leaders, we are creating research clusters and recruiting talent that will help secure the nation’s medicine and food supply while opening new opportunities for Hoosiers in every corner of the state.” 

“From its two Nobel Prizes in Chemistry to the recently launched One Health strategic priority, Purdue is ready to work with industry partners to develop breakthrough research and excellence at unparalleled scale in talent pipeline through four chemistry-related departments, thus securing critical supply chains onshore and positioning our state as the default destination for advanced chemistry innovation,” said Purdue University President Mung Chiang. “The Catalyst Scholars Fund and the visionary support from Lilly Endowment accelerate our efforts to build the infrastructure and recruit and retain the best faculty in advanced chemistry.” 

“Throughout our history, the University of Notre Dame has been guided by its Catholic mission and our founder’s vision to be a ‘powerful means for doing good in this country,’” said Rev. Robert A. Dowd, C.S.C., University of Notre Dame president. “By supporting advanced chemistry efforts that help to develop our nation’s early career workforce and to reshore manufacturing in critical areas, the Catalyst Scholars Fund reflects our ongoing commitment to harnessing discovery and collaboration, particularly in service of the most vulnerable and underserved in society. These efforts build upon our existing leadership of major initiatives in this space, including the NSF-funded Center for Bioanalytic Metrology and the Center for Computer Aided Synthesis. We look forward to working alongside our industrial and academic partners to realize the vision of Catalyze Indiana and strengthen the health and capacity of our state.” 

Robert A. Coons, President, Rose-Hulman Institute of Technology shared, “I hope every Rose-Hulman graduate leaves with not only knowledge, but a passion for innovation and a drive to keep discovering new ways to solve hard problems. The Catalyst Scholars Fund amplifies those instincts across Indiana’s higher education institutions, empowering faculty and students to take smart risks, push the boundaries of what’s possible in advanced chemistry, and create technologies that will secure critical supply chains and improve lives for years to come.”  

Indiana is uniquely positioned to become the nation’s epicenter for advanced chemistry manufacturing, with global life sciences leaders, top-tier research universities, and a deep manufacturing base that already generates more than $43 billion annually and employs nearly 40,000 Hoosiers in advanced chemistry-related sectors. By prioritizing talent through the Catalyst Scholars Fund, Indiana is building the research depth and technical capacity required to support workforce training and supply chain infrastructure. 

The program also promotes statewide collaboration through coordinated equipment sharing agreements among universities, maximizing the impact of infrastructure investments. Major analytical instruments and specialized facilities enabled through the fund will be available to researchers across institutions. 

Industry partners including Eli Lilly and Company, Elanco Animal Health, and Corteva will help inform annual technology priorities and engage directly with recruited scholars through sponsored research, advisory input, and collaborative programs. This structure ensures that academic research remains aligned with the real manufacturing challenges facing companies operating in food, medicine, and advanced materials. 

“Modern medicines are increasingly complex to manufacture,” said David A. Ricks, Chair and CEO of Eli Lilly and Company. “Advancing the technologies that make production more efficient and reliable is essential to keeping supply secure and ensuring access for patients. This investment deepens Lilly’s collaboration with Indiana’s leading research universities and advanced chemistry experts, and Lilly is excited to work with the researchers recruited through the Catalyst Scholars Fund to help translate innovation into impact.”  

Additional Perspectives from Initiative Partners  

Chuck Magro, CEO, Corteva  
“Innovation in advanced chemistry and manufacturing processes is essential because as the world grows, we will need to grow more food on the same amount of land, manage our environmental footprint, and strengthen the food  supply chain farmers and Hoosiers depend upon. The Catalyst Scholars Fund creates exactly the kind of industry-university partnerships we need, bringing world-class scientists together with global agriculture leaders to turn new ideas into practical tools that help farmers do what they do best – feed the world.”  

Jeff Simmons, President and CEO, Elanco Animal Health 
“When people find their ‘why,’ they go further than they ever imagined, and the same is true for regions and ecosystems. The Catalyst Scholars Fund gives Indiana researchers and innovators a compelling purpose: supporting the health and wellbeing of pets and increasing the availability and affordability of protein that the world is counting on. Further, we’re creating a destination for global talent that wants to make a real difference in animal health and the future of food.” 

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About Central Indiana Corporate Partnership (CICP) 
The Central Indiana Corporate Partnership (CICP) was formed in 1999 to bring together the chief executives of the region’s prominent corporations, foundations and universities in a strategic and collaborative effort dedicated to Indiana’s continued prosperity and growth. To advance this mission, CICP sponsors five key talent and industry sector initiatives, AgriNovus Indiana, Ascend Indiana, BioCrossroads, Conexus Indiana,  and TechPoint, each of which addresses challenges and opportunities unique to its respective area: agbiosciences, talent and workforce development, life sciences, advanced manufacturing and logistics, and technology. CICP Foundation, Inc. operates exclusively for the benefit of and carries out the mission of CICP by engaging and supporting its charitable activities. To learn more about the CICP, visit www.cicpindiana.com. 

About BioCrossroads 
BioCrossroads is a catalyst for life sciences innovation and growth in Indiana. As an initiative of the Central Indiana Corporate Partnership, BioCrossroads connects industry leaders, research institutions, investors, and entrepreneurs to advance breakthrough discoveries, accelerate startups, strengthen manufacturing, and develop talent. Through strategic partnerships and targeted investments, BioCrossroads has helped position Indiana as the nation’s leading state for life sciences and pharmaceutical exports. Visit www.biocrossroads.com to learn more about BioCrossroads. 

About AgriNovus Indiana 
AgriNovus Indiana, a branded initiative of the Central Indiana Corporate Partnership (CICP), is a non-profit organization focused on advancing the agbioscience sector by connecting and convening stakeholders to deliver innovative ways to inspire and attract agbiosciences talent, companies and innovation to the state. Learn more at www.AgriNovusIndiana.com. 

About Lilly Endowment Inc. 
Lilly Endowment Inc. is an Indianapolis-based private foundation created in 1937 by J. K. Lilly and his sons, Eli and J.K. Jr., through gifts of stock in their pharmaceutical business, Eli Lilly and Company. While those gifts remain the financial bedrock of the Endowment, the Endowment is a separate entity from the company, with a distinct governing board, staff and location. In keeping with its founders’ wishes, the Endowment supports the causes of community development, education and religion. While the Endowment funds programs throughout the United States on an invitational basis to support these causes, especially in the field of religion, it maintains a special commitment to its founders’ hometown, Indianapolis, and home state, Indiana. 

U.S. Senator Todd Young Recognized as 2025 Watanabe Life Sciences Champion for Leadership in Biotechnology, Advanced Manufacturing, and Innovation Policy Strengthening Indiana’s National Role in the Life Sciences.

 

INDIANAPOLIS (December 2025) —BioCrossroads has named U.S. Senator Todd Young as the recipient of the 2025 August M. Watanabe Life Sciences Champion of the Year Award, recognizing his visionary leadership in advancing innovation, collaboration, and U.S. competitiveness across the life sciences.

Senator Young was recognized for his leadership in advancing federal policies that directly reinforce Indiana’s strengths in biotechnology, biomanufacturing, and One Health innovation. Through his work on the CHIPS and Science Act, his role as chair of the National Security Commission on Emerging Biotechnology, and his support for initiatives such as the Heartland BioWorks Tech Hub and workforce development partnerships, he has helped align national innovation and security priorities with opportunities for Indiana’s research institutions, companies, and talent pipeline. This record reflects the type of long-term, ecosystem-wide impact that the August M. Watanabe Life Sciences Champion of the Year Award was created to recognize.

The award was established in honor of BioCrossroads’ late chairman, Dr. August “Gus” M. Watanabe, an esteemed and transformative figure in Indiana’s life sciences community, and celebrates those who have significantly advanced the development, education, and promotion of Indiana’s life sciences and healthcare sector; personify the emerging face of the industry; and drive innovative developments that have both local and global impacts. Past distinguished honorees have come from diverse backgrounds, including entrepreneurial ventures, research, corporate leadership, medical practice, academia, and philanthropy.

Dr. Watanabe’s passion and impact on Indiana’s life sciences community were transformative and enduring. Beyond his professional accomplishments, his caring and nurturing spirit continues to inspire the many people he touched throughout his career. Each recipient of this award embodies Dr. Watanabe’s legacy, contributing profoundly to the state’s growth in life sciences through their dedication and cumulative efforts.

 

 

Past Watanabe Life Science Champion of the Year Recipients

BioCrossroads Launches Startup Hub, a New Centralized Platform for Indiana’s Life Sciences Startup Ecosystem 

INDIANAPOLIS [January 22, 2025] – BioCrossroads today officially launched the BioCrossroads Startup Hub, a new, comprehensive ecosystem platform designed to serve as a centralized front door for Indiana’s life sciences startup community. Built as a continually evolving resource, this online hub brings together funding pathways, mentorship, regulatory and clinical resources, startup visibility, and ecosystem connections in one place. 

The platform targets a longstanding challenge within Indiana’s innovation economy: while the state is home to one of the strongest life sciences ecosystems in the country, the resources that support startups have historically been fragmented across many organizations and websites. That fragmentation can slow momentum for founders, limit visibility for investors, and create unnecessary barriers to growth. 

The BioCrossroads Startup Hub is designed for the multiple stakeholders critical to a thriving startup ecosystem— researchers and innovators exploring commercialization; investors seeking Indiana-based life sciences opportunities; and ecosystem organizations supporting startup growth. The site will equip founders and investors with the full set of tools needed to access and navigate Indiana’s life sciences ecosystem.  

“Indiana is number one in the nation for life sciences and pharmaceutical exports, and we have world-class research, talent, and industry leadership,” said Vince Wong, President and CEO of BioCrossroads. “The BioCrossroads Startup Hub helps translate these strengths into a thriving startup ecosystem.  By curating and aggregating critical resources in one place, this platform gives founders clarity, connects investors to promising startups, and reinforces Indiana’s advantage as a connected, high-performing life sciences ecosystem.” 

The platform includes: 

  • An interactive startup journey map with stage-specific guidance
  • Indiana-specific funding pathways, including grants, angel networks, and venture capital
  • A searchable directory of life sciences startups
  • Mentorship and peer support programs
  • Clinical data assets and regulatory resources
  • University innovation and commercialization programs 

The resource hub launch comes on the heels of last week’s announcement of the launch of BioCrossroads’ new early-stage venture fund, Crossroads Health Ventures (CHV). The fund has secured more than $21 million in commitments and will begin deploying capital in early 2026. CHV is another example of BioCrossroads’ focus on providing critical support for promising innovations.  

The BioCrossroads Resource Hub also advances BioCrossroads’ broader mission by expanding engagement with founders, increasing ecosystem visibility, and strengthening Indiana’s innovation pipeline. As a dynamic platform, it will be regularly updated with new startups, funding sources, events, and resources, with built-in submission tools to encourage ongoing community participation. 

Learn more at: BioCrossroads.com/Startup. 

About BioCrossroads 

Established as a catalyst to advance, grow, and invest in Indiana’s life sciences sector, BioCrossroads is an initiative of the Central Indiana Corporate Partnership (CICP). It supports the region’s existing enterprises and encourages new business development. The initiative fosters public-private collaboration by uniting a diverse range of academic, industry, and philanthropic stakeholders, all collectively focused on advancing Indiana’s life sciences sector. Committed to supporting the growth of capital investments and talent development, BioCrossroads provides support to both existing and new life sciences enterprises, including the Indiana Health Information Exchange, OrthoWorx, and the Indiana Biosciences Research Institute. BioCrossroads champions the advancement of cutting-edge research and development, plays a crucial role in building and nurturing a robust talent pipeline, and is dedicated to establishing Indiana as a thriving hub for life sciences manufacturing. To learn more about BioCrossroads, visit biocrossroads.com 

BioCrossroads’ Role in the Accelerator

As a partner in the inaugural Plug and Play Lifetech Accelerator, BioCrossroads is helping to connect global innovators with Indiana’s robust life sciences ecosystem. Through our network of corporate, academic, and community partners, we are working to ensure that these startups have access to the expertise, resources, and collaborative environment needed to accelerate their growth. Our involvement reflects BioCrossroads’ ongoing commitment to advancing innovation, supporting entrepreneurship, and strengthening Indiana’s position as one of the nation’s top life sciences hubs.

Read the full release from Plug and Play:

INDIANAPOLISOct. 20, 2025 /PRNewswire/ — Plug and Play, the world’s largest innovation platform, today announced the 12 companies selected for the inaugural batch of its Lifetech accelerator program in Indianapolis.

The cohort draws from a global talent pool and represents startup companies from eight states and three countries. Over the next four months, these founders will collaborate with Plug and Play’s Lifetech partners, including IU LAB, BioCrossroads, IU Health, and Indiana University, to accelerate the future of healthcare and life sciences. The program will culminate with an expo event in February 2026, at which the graduating startups will pitch their solutions to an audience of corporate executives, investors, industry leaders, and the community.

“The IU LAB is proud to partner with Plug and Play, Central Indiana Corporate Partnership and IU Health to help grow Indiana’s innovation economy,” said David Rosenberg, President and CEO of the IU LAB. “This partnership reflects our commitment to translating IU’s $1 billion research enterprise, attracting and developing world-class talent, and building the next generation of companies right here in Indiana. Together, we’re strengthening the state’s position as a national hub for life sciences and groundbreaking innovation.”

The selected companies are pioneering advancements across the life sciences spectrum focused on human health. Their innovations include next-generation therapeutics for cancer and chronic diseases, novel drug delivery platforms, non-invasive diagnostics for early disease detection, medical devices, AI-driven medical imaging, and stem-cell-derived organoid development.

The Batch 1 Lifetech startups are:

  • AGED Diagnostics – AGED Diagnostics is the first accurate blood test for fatty liver disease that affects 1 in 3 Americans.

  • Amplicore – Amplicore is developing a new class of injectable therapeutics as novel regenerative approaches to treat musculoskeletal disorders.

  • Amplified Sciences – Amplified Sciences is revolutionizing disease detection with a commercial stage test that helps physicians more accurately detect risk for pancreatic cancer built on their ultra-sensitive optical reporter platform.

  • Door Pharma – Door Pharma attacks chronic hepatitis B by targeting the viral nucleocapsid protein.

  • Grannus Therapeutics – Grannus Therapeutics is focused on the development of a novel first-in-class therapeutic for the treatment of ovarian cancer.

  • Intero Biosystems – Intero Biosystems creates stem cell-derived mini organs to predict how drugs behave in humans before clinical trials.

  • Modella AI – Modella AI is transforming human medicine by shortening the time to diagnosis and informing treatment options for pathologically driven diseases like cancer.

  • OmniSpirant Therapeutics – OmniSpirant Therapeutics is an Irish biotech developing a disruptive RNA delivery platform technology, “OmniSomes.” This proprietary technology is highly differentiated, utilizing bioengineered Mesenchymal Stem cell-derived extracellular vesicles (EVs) as novel non-viral vectors for highly efficient RNA delivery, which uniquely confers additional regenerative medicine properties and benefits.

  • OsseoLabs – OsseoLabs is a medtech company pioneering AI-driven surgical planning and 3D-printed personalized implants to improve patient outcomes, reduce surgical risks, and bring precision care to hospitals globally.

  • OsteoCure Therapeutics – OsteoCure Therapeutics is a Duke spinout and JLABS company developing an adenosine platform for treating both fracture repair and osteoporosis.

  • Scioto Biosciences – Scioto Biosciences is targeting a breakthrough gut-brain therapy designed to help children with autism thrive by supporting early development and lasting progress.

  • Synch Neuro – SynchNeuro has developed the world’s first brain-based non-invasive glucose monitor.

“This inaugural batch of startups is a testament to the incredible innovation happening in the life sciences,” said Brandon Noll, Director of Plug and Play Indiana. “We’re thrilled to bring these entrepreneurs to Indianapolis, a city with a rich history in the life sciences, where they will directly engage with leading life science experts as well as tap into the robust network of resources available for every phase of their journey through Plug and Play’s global innovation platform. The future of medicine is being shaped right here, and we’re excited to be part of that growth.”

Launched in September 2025, the IU LAB Lifetech Accelerator was created by Plug and Play in collaboration with Indiana University, IU Health, and regional partners to strengthen Indiana’s position as a leader in life sciences innovation. The program supports startups developing breakthroughs in therapeutics, diagnostics, medical devices, and biotechnology through mentorship, investor access, and corporate collaboration.

To learn more about Plug and Play Lifetech, visit: https://www.plugandplaytechcenter.com/industries/lifetech.

About Plug and Play

Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we’re present in 60+ locations across 25+ industries. We offer corporate innovation programs, helping our partners in every stage of their innovation journey, from education to execution. We also run startup acceleration programs and have built an in-house VC where we’ve invested in hundreds of successful companies, including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit Plug and Play Tech Center.

 Submission period opens Sept. 2, closes Oct. 15. The 2026 Mira Awards take place April 24, 2026.
 
INDIANAPOLIS (Sept. 2, 2025) — TechPoint, the industry-led growth initiative for Indiana’s digital innovation economy, announced today it is now accepting nominations for its 27th Annual Mira Awards gala. The award submission period will close on Oct. 15, 2025.
 
Companies, organizations and individuals are encouraged to submit for the awards quickly, as each category will accept a maximum of 25 submissions. The nominee submission process, which debuted last year, will include a section on why nominees deserve the award alongside categories to highlight years of service and operation.
 
As part of the award selection process, TechPoint staff will review and forward submissions that meet the required criteria for live interviews with a panel of distinguished industry leaders, carefully chosen to reflect a wide range of expertise and perspectives. These judges will evaluate the finalists during live judging on December 3 and 4, with finalist announcements on December 10, 2025.
 
Tech and tech-enabled organizations innovating in communities throughout Indiana are encouraged to participate. In 2025, Mira Award winners hailed from Gary (IronWorkz), South Bend (rScan), Evansville (Anu), Muncie (Accutech), and Bloomington (Kevin Celisca, Integrate School).
 
Click here for the full list.
 
“Technology is no longer a standalone sector. It is the driving force behind every advanced industry in Indiana,” said Ting Gootee, president and CEO of TechPoint. “With Indiana emerging as one of the nation’s most AI-ready economies, the Mira Awards celebrate this impact with categories that mirror our collective priorities, whether it’s groundbreaking research, tech-enabled entrepreneurship, digital adoption in our industries, or talent pathways that prepare the next generation.”
 
Winners will be announced during the Mira Awards Gala on Friday, April 24, 2026, at the Palladium in Carmel.
 
Award Categories for the 2026 Mira Awards are:
  • AgriNovus AgBioscience Innovation Award

  • AI Adoption Award (previously Digital Transformation Award)

  • Ascend Talent Innovation Award

  • BioCrossroads Life Sciences Innovation Award

  • Community Impact

  • Conexus Manufacturing Innovation Award

  • Deal of the Year

  • Emerging Tech Leader (previously Tech25)

  • Innovation of the Year

  • Innovation Service Partner of the Year

  • Nextech Computer Science Teacher of the Year (K-12)

  • Resilience Award

  • Rising Entrepreneur of the Year

  • Startup of the Year

  • Tech Company of the Year

  • TechPoint Tech Innovation of the Year

  • Trailblazer Award

For 2026, the Innovation of the Year Award will highlight one of the five Central Indiana Corporate Partnership initiatives, with the recipient selected by a separate executive committee.

The Deal of the Year Award will not include a submission or judging process and will be determined directly by the TechPoint Executive Committee. The Trailblazer Award will also be selected by the executive committee, though nominees must complete the standard submission process.
 
Since 1999, the Mira Awards have been pivotal in promoting and celebrating the state’s top technology innovators, disruptors, business leaders and game-changers. The awards are a testament to the incredible technological achievements coming out of multiple industries, as well as the spirit of innovation that characterizes the digital innovation landscape in Indiana. Only 369 Mira Awards have been presented in the past 26 years, amongst thousands of nominations.
 
To learn more about the Mira Awards and stay up-to-date on the 2026 awards submission process here.
 
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About TechPoint: TechPoint is the Central Indiana Corporate Partnership’s branded initiative for Indiana’s digital innovation economy and overall tech ecosystem. The industry-led team is focused on working with public, private and industry partners to expand tech talent pipeline, enhance resource connectivity for enterprise organizations and startups alike, and elevate the industry by activating the community and amplifying stories of success. For more information, please visit www.techpoint.org.
 
 
BioCrossroads is proud to be part of the annual TechPoint Mira Awards, presenting the annual Life Sciences Innovation Award. This honor celebrates exceptional innovations in the life sciences sector, including groundbreaking advancements in research, development, and application that ultimately benefits patients. 
 
 

Meet the 2025 BioCrossroads' Mira Award Winner: GeniPhys

Presented for the first time at Indiana’s premier technology and innovation awards event in 2025, this new category honored life sciences teams in Indiana that have demonstrated groundbreaking advancements in research, development, and application to improve patient outcomes.

National designation reinforces Indiana’s global leadership in radiopharmaceutical innovation, manufacturing, and supply chain infrastructure.

It’s official: Indiana is the Radiopharmaceutical Capital of the World™

This designation is not just branding, it’s the culmination of years of strategic growth, investment, academic leadership, and private-sector collaboration. Fueled by cutting-edge innovation, world-class logistics, and robust partnerships across higher education and industry, Indiana is defining the global future of radiopharmaceuticals.

Radiopharmaceuticals are precision-targeted therapies that pair diagnostic imaging with therapeutic treatment—transforming how cancer and other diseases are diagnosed and treated. These medicines require advanced infrastructure, tight regulatory oversight, highly skilled personnel, and a distribution network capable of delivering time-sensitive doses across the country in hours. Indiana checks every box:

Location and logistics: With the second-largest FedEx hub in the world, Indiana is a day’s drive from 80% of the U.S. population. This is mission-critical for drugs with short half-lives—some of which decay within hours.
Specialized infrastructure: Indiana is home to multiple integrated clean rooms, cyclotrons, and specialized isotope production facilities that support both clinical and commercial-scale manufacturing.
Global reach: The state now leads the U.S. in pharmaceutical exports, having overtaken California in 2024 as the #1 state for life sciences exports—a testament to the scale and capability of its ecosystem.

At the heart of Indiana’s radiopharmaceutical future is Purdue, a national leader in nuclear pharmacy education. In 2025, Purdue announced the first-of-its-kind Master’s in Radiopharmaceutical Manufacturing, which will launched in Indianapolis in spring 2026. The program was developed with industry partner SpectronRx and will feature hybrid coursework with hands-on training at a dedicated, co-located facility at SpectronRx’s headquarters.

“This program reflects Purdue’s commitment to aligning academic innovation with industry demand,” said Dr. David Umulis, Senior Vice Provost for Purdue University in Indianapolis. “By equipping the next generation of radiopharmaceutical professionals, we’re helping Indiana strengthen its position as a global leader in precision medicine.”

Purdue also boasts one of the only nuclear pharmacy programs in the U.S., producing highly trained pharmacists, engineers, and quality-control experts vital to this sector.

Another critical partner in supporting and growing the ecosystem is the Indiana University (IU) School of Medicine. IU contributes world-class expertise through its top-ranked, NIH-funded radiology research, bridging basic science with clinical applications and translational therapies. IU also partners with Purdue and other institutions to expand specialized training and residency programs in radiology, nuclear medicine, and imaging science. Together, these institutions form a talent pipeline that supports a fast-growing, innovation-driven workforce.

Indiana is home to some of the biggest companies in the radiopharmaceutical world, representing more than $200 million in new facility investment in just the last few years. These companies represent a wide range of applications, from diagnostics and imaging agents to full-scale radiotherapeutics, solidifying Indiana’s leadership across the radiopharmaceutical value chain.

The success of Indiana’s radiopharmaceutical industry is due in large part to seamless collaboration between universities, manufacturers, workforce agencies, and state partners.
“Indiana’s life sciences sector continues to accelerate because of our commitment to innovation, collaboration, and execution,” said Dan Peterson, Chair of the BioCrossroads Board of Directors and Vice President of Industry and Government Affairs at Cook Group.

Indiana employs more than 70,000 life sciences professionals statewide. Average industry wages top $100,000/year, with thousands of new roles expected in R&D, quality, cleanroom operations, and logistics. The U.S. radiopharmaceutical market—estimated at $6B in 2024—is projected to triple by 2035. Indiana is well-positioned to lead that growth, particularly in theranostics and targeted alpha therapy. As the only U.S. supplier of four critical radioisotopes and the home of multiple FDA-approved products and clinical-stage therapies, Indiana has proven its capability not just to compete, but to lead on the world stage.

“Indiana’s designation as the Radiopharmaceutical Capital of the World™ is a testament to the strength of our life sciences ecosystem, the innovation of our researchers, and the collaborative spirit that drives us forward,” said Vince Wong, President and CEO of BioCrossroads.

Indiana is redefining the radiopharmaceutical revolution. With deep talent, powerful logistics, and relentless innovation, the state is writing the next chapter in the history of medicine, one precise, patient-targeted dose at a time.

New master’s program emphasizes manufacturing expertise to meet growing demand in fast-evolving field of targeted cancer diagnostics, therapies


WEST LAFAYETTE, Ind. — Responding to the growing demand in Indiana and across the country for skilled workers in the burgeoning field of theranostics — the use of diagnostic and therapeutic radiopharmaceutical drug products for the treatment of various types of cancer — Purdue University will soon launch the nation’s first graduate degree directly focused on radiopharmaceutical manufacturing.

Underscoring that commitment, Purdue will partner with Indianapolis-based pharmaceutical manufacturing leader SpectronRx to build a dedicated radiopharmaceutical manufacturing training facility at company headquarters, in close proximity to several leading radiopharmaceutical manufacturers who have established production facilities in the Indianapolis area.  This facility will be used to train students across various educational levels and disciplines, providing a facility for hands-on instruction for a broad spectrum of future training programs.

Purdue’s new Master of Science in radiopharmaceutical manufacturing will be offered, starting in the spring 2026 semester, in a hybrid format with most courses completed online. Students will be required to complete an in-person capstone course in a radiopharmaceutical manufacturing setting to complete the degree and will be able to choose one of several hands-on lab courses that are being developed for the new facility as elective opportunities.

“Purdue has a long history in the nuclear pharmacy space, having programs in existence through the College of Pharmacy since 1959,” said Eric Barker, Purdue’s vice president for health affairs and the Jeannie and Jim Chaney Dean of Pharmacy. “With this projected growth in the radiopharmaceutical industry, Purdue is well positioned — both academically and geographically — to strengthen the workforce pipeline by training future professionals and advancing the education of those already working in the field.”

Purdue has the nation’s largest nuclear pharmacy program, and currently offers six elective courses in that field, while also serving as the sole provider of continuing education activities that can be used by Board Certified Nuclear Pharmacists to maintain certification. The program is expanding to meet an increasing workforce demand in nuclear pharmacy as well as radiopharmaceutical manufacturing.

Indiana is home to 15 nuclear medicine companies in various stages of growth and development, primarily in the Indianapolis area. The rapidly growing nuclear medicine market is already a $6 billion industry in the U.S. and is projected to more than triple over the next seven years.

SpectronRx joins a growing list of central Indiana companies with which Purdue has cultivated relationships to develop academic and workforce training opportunities for students. These collaborations span sectors like biosciences, tech innovation, pharmaceuticals and engineering, aligning student preparation with employer needs and underscoring a central pillar of Purdue’s strategy for Indianapolis. Rather than a single hub, Purdue is weaving into the fabric of the city’s innovation and industry corridors, expanding from downtown all the way to SpectronRx’s headquarters on the northwest side of Indianapolis.

“The radiopharmaceutical manufacturing program sets another example of integrating with Indianapolis-based industry partners to provide unique real-world experiences and advanced training,” said David Umulis, Purdue’s senior vice provost for Indianapolis. “Whether it’s through co-ops, internships or programs in location, Purdue’s growth in Indianapolis is providing the workforce to advance Indiana’s economy and high-tech ecosystem.”

SpectronRx will be one of 10 physical locations in the capital city where Purdue has established shared spaces with industry leaders. This strategic partnership that will enable faster movement from discovery to impact in a field where Indiana has emerged as a national leader, as the state was recently recognized as the Radiopharmaceutical Capital of the World® following approval from the U.S. Patent and Trademark Office.

Radiopharmaceuticals can precisely detect cancer cells and provide targeted therapy by binding to cell-specific receptors on the desired cells, while sparing adjacent healthy tissue. When performing diagnostic imaging, the radioactivity travels outside of the body and interacts with a detector that creates a visual map of radioactivity localization. When using the product to treat disease, the drug molecule will carry a form of radioactivity that will irradiate the tumor cells continuously, eventually leading to cellular death.

Despite their radioactive component, these drugs are extremely safe, said Kara Weatherman, clinical professor of pharmacy practice and director of radiopharmaceutical programs at Purdue. Weatherman explains more in this video.

“We intentionally and very purposefully try to use the smallest amount of radioactive material to get the outcomes we want,” Weatherman said.

“Because radioactive materials decay quickly, radiopharmaceuticals must be produced and delivered to the patient for administration within an extremely short time frame — usually within hours of production for diagnostic agents and only three to five days for the therapeutic agents,” she said. “That tight window has given rise to this highly regulated field and workforce demand.”

The radiopharmaceutical industry spans a wide range of highly specialized and support roles. From research and production to specialized transportation and patient delivery, the radiopharmaceutical market creates a broad pipeline of career paths within a wide variety of disciplines: pharmacy, chemistry, engineering, physics, radiation protection, health care, supply chain management and regulatory compliance.

“We’re on the critical frontier of precision, patient-centric health care. Purdue gave me the educational foundation and entrepreneurial spirit to set my successful path in the radiopharmaceutical industry,” said John Zehner, CEO of SpectronRx and a Purdue alum. “This collaborative partnership with Purdue helps support the increasing workforce needs of the industry by providing innovative training on cutting-edge technology. All of which, ultimately, lead to an overall quality of life for the patients.”

The commitment to radiopharmaceutical manufacturing supports Purdue’s One Health initiative, which advances knowledge and innovation related to animal, human and plant well-being through novel interdisciplinary initiatives and industry partnerships.

BioCrossroads — the public-private partnership to advance Indiana’s life sciences sector — said the state became the nation’s No. 1 exporter of life science products in 2024, valued at $27 billion. Pharmaceuticals alone were valued at $21 billion.

“Because of the powerful confluence of its world-class specialized talent, central location and critically important transportation infrastructure that has attracted and nurtured a leading cluster of radiopharmaceutical companies, Indiana is rightfully positioned with its new title of Radiopharmaceutical Capital of the World®,” said Vince Wong, BioCrossroads president and CEO. “This position will only become further strengthened by Purdue University’s expansion of its nuclear medicine curriculum beyond pharmacy into manufacturing, helping ensure that Indiana continues to offer the talent needed to fuel the exciting growth in this industry sector that delivers precision therapies to cancer patients.”

About Purdue University

Purdue University is a public research university leading with excellence at scale. Ranked among top 10 public universities in the United States, Purdue discovers, disseminates and deploys knowledge with a quality and at a scale second to none. More than 107,000 students study at Purdue across multiple campuses, locations and modalities, including more than 58,000 at our main campus in West Lafayette and Indianapolis. Committed to affordability and accessibility, Purdue’s main campus has frozen tuition 14 years in a row. See how Purdue never stops in the persistent pursuit of the next giant leap — including its comprehensive urban expansion, the Mitch Daniels School of Business, Purdue Computes and the One Health initiative — at https://www.purdue.edu/president/strategic-initiatives.

About SpectronRx

SpectronRx is a diagnostic and therapeutic radiopharmaceutical developer and manufacturer with three distinct specialties: Radiopharmaceutical Contract Development (RCDMO), Radiopharmaceutical Contract Manufacturing (RCMO), and Isotope Production. The company performs all scales of development, from initial conjugations through scale-up and commercial distribution. It also has the capacity to run clinical trials. Additionally, SpectronRx’s deep industry knowledge, technical prowess and state-of-the-art facilities enable the company to significantly condense the timeline for bringing new medicines to market, which has the dual benefit of saving lives and driving greater profitability for clients.

With a large staff of radiochemists, radiopharmacists, scientists and engineers, dozens of qualified clean rooms, and over 200,000 sq. ft. of production space in Indiana, with additional facilities in Danbury, Connecticut, and in Europe, SpectronRx now supplies therapeutic and diagnostic radiopharmaceuticals to 29 countries. The company has been EMA and FDA inspected and can produce and procure any currently used radioisotopes, including actinium-225. For more information, visit SpectronRx.com, or follow the company on LinkedIn.

Radiopharmaceutical Capitol of the World®

In 2025, Indian was officially designated the Radiopharmaceutical Capitol of the World ®. Our strengths in global investment, advanced manufacturing capabilities, and strong institutional support. make Indiana well-positioned to be a central force in the future of radiopharmaceutical innovation and manufacturing.

INDIANAPOLIS (May 8, 2025) – BioCrossroads, the Central Indiana Corporate Partnership initiative established as a catalyst to advance, grow, and invest in Indiana’s life sciences sector, today announced two new appointments to its Board of Directors and recognized the contributions of three long-serving members whose leadership has helped shape the state’s life sciences ecosystem.

Richard Church, Chief Growth & Strategy Officer at Parkview Health, has joined the BioCrossroads Board of Directors. Since arriving at Parkview in 2022, Church has led the organization’s strategic growth initiatives, focusing on long-term innovation and access to care across the region. Prior to his current role, Church served as co-leader of the national healthcare practice group at K&L Gates, where he advised health systems on joint ventures, regulatory compliance, clinical integration, and mergers and acquisitions. His legal and regulatory expertise, paired with  his leadership of Parkview Health’s innovation initiatives , will be instrumental as BioCrossroads continues its mission to advance Indiana’s leadership in life sciences.

Also joining the Board is Dr. David Umulis, Senior Vice Provost at Purdue University in Indianapolis. A nationally recognized leader in systems biology and biomedical engineering, Dr. Umulis has led major initiatives in computational modeling, tissue development, and data science. He previously served as head of Purdue’s Weldon School of Biomedical Engineering and helped establish the university’s Integrative Data Science Initiative. His deep scientific expertise and commitment to interdisciplinary collaboration align with BioCrossroads’ focus on translational research and workforce development.

Church succeeds Dr. Michael J. Mirro, who concludes over a decade of service on the Board. A distinguished physician and researcher, Dr. Mirro has served as Chief Academic Research Officer at Parkview Health since 2014 and holds faculty appointments at the Indiana University School of Medicine and IU’s bioinformatics program. He has authored more than 50 peer-reviewed publications and serves on the editorial board of the Cardiovascular Digital Health Journal. The Parkview Mirro Center for Research and Innovation—named in his honor—stands as a testament to his impact on medical research and innovation. Most recently, he helped launch the MedTech Global Gateway, connecting international med-tech companies with Indiana’s clinical and economic development resources. BioCrossroads extends its sincere gratitude for Dr. Mirro’s lasting contributions to the state’s innovation infrastructure.

Dr. Umulis succeeds Dan Hasler, Chief Operating Officer of Purdue University in Indianapolis, who has brought invaluable cross-sector insight to the Board. Hasler previously served as President of the Purdue Research Foundation, guiding commercialization and entrepreneurial strategy for Purdue’s intellectual property portfolio. He also held the role of Indiana’s Secretary of Commerce, where he helped attract a record number of companies to the state, and spent more than 30 years at Eli Lilly and Company. Hasler’s career has spanned business, government, and higher education, making him a key voice in shaping BioCrossroads’ vision for growth. The organization is deeply appreciative of his contributions.

In addition to these changes, BioCrossroads also recognizes the extraordinary service of Dr. Craig Brater, who concludes his tenure on the Board of Directors after two decades of service. As a founding Board member since 2004, Dr. Brater brought a visionary perspective to BioCrossroads’ mission to grow and strengthen Indiana’s life sciences sector. His distinguished career as Dean of the Indiana University School of Medicine and Vice President for Life Sciences at Indiana University positioned him as a driving force behind initiatives that fostered research, collaboration, and innovation across the state. Dr. Brater’s contributions have had a profound and lasting impact on BioCrossroads and the broader life sciences ecosystem, and we are deeply grateful for his steadfast leadership, partnership, and commitment over the years.

“These Board transitions reflect the strength and depth of Indiana’s life sciences leadership,” said Vince Wong, President and CEO of BioCrossroads. “We are proud to welcome Richard and David, whose expertise and perspectives will help guide our strategic direction. At the same time, we are deeply grateful to Michael,  Dan, and Craig for their years of service and for the impact they’ve made not only on BioCrossroads, but on the broader innovation ecosystem we all work to grow.”

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About BioCrossroads

Established as a catalyst to advance, grow, and invest in Indiana’s life sciences sector, BioCrossroads is an initiative of the Central Indiana Corporate Partnership (CICP). It supports the region’s existing enterprises and encourages new business development. The initiative fosters public-private collaboration by uniting a diverse range of academic, industry, and philanthropic stakeholders, all collectively focused on advancing Indiana’s life sciences sector. Committed to supporting the growth of capital investments and talent development, BioCrossroads provides support to both existing and new life sciences enterprises, including the Indiana Health Information Exchange, OrthoWorx, and the Indiana Biosciences Research Institute. BioCrossroads champions the advancement of cutting-edge research and development, plays a crucial role in building and nurturing a robust talent pipeline, and is dedicated to establishing Indiana as a thriving hub for life sciences manufacturing. To learn more about BioCrossroads, visit biocrossroads.com.

News from BioCrossroads

BioCrossroads Blog, Industry News, Press Releases

NEWS: CICP Launches Catalyst Scholars Fund to Drive Advanced Chemistry Innovation in Indiana

March 5, 2026

BioCrossroads Blog

AXIS: Mentor and Mentee Q&A

March 2, 2026

Event News, Industry News, Press Releases

Sen. Todd Young Named 2025 Watanabe Life Sciences Champion of the Year

February 23, 2026

BioCrossroads Blog

BioCrossroads Launches a New Podcast Spotlighting Indiana's Momentum

February 9, 2026

Industry News, Press Releases

BioCrossroads Launches Startup Hub

January 22, 2026

Industry News

Crossroads Health Ventures Announces First Fund

January 21, 2026

Accelerating Life Science Innovation: Building the Ecosystem for Growth

With the right support ecosystem, lab discoveries can become thriving ventures. Designed for entrepreneurs, investors, ecosystem builders, and researchers, this panel offers actionable insights and valuable connections for those looking to navigate the commercialization journey and accelerate life sciences innovation.

Join us to explore:

  • an inside look at real-world success stories to discover how scientific breakthroughs are transformed into market-ready solutions.
  • emerging trends and opportunities in life sciences innovation.
  • how to develop an innovation ecosystem by leveraging local areas of strength.
  • Indiana’s life sciences innovation ecosystem – including how the state’s world-class universities, funding mechanisms, and entrepreneurial support networks help companies scale and succeed.

BioCrossroads is thrilled to be joining the Global Entrepreneurship Congress in Indianapolis from June 2-5, 2025.

This global event attracts entrepreneurs, investors, and industry leaders, and with the event being held in the U.S. for only the second time, this is a unique opportunity to showcase how Indiana’s research institutions, funding networks, and startup ecosystem are driving breakthroughs in life sciences.

We will be joining the Investor Track at GEC 2025. Here’s a look at what you can expect:

 

Strengthen your back office with curated programming, connections, and hands-on experiences for investors at all stages of the funding pipeline.

  • Make quality connections with other investors and policy leaders from around the world – joining a global network that extends beyond the conference itself.
  • Explore new strategies for fundraising, operating and managing sustainable funds.
  • Explore the nuances of dozens of investor ecosystems from around the world – from one central location.
  • Explore trends in the investor ecosystem, what they mean for you, and how to respond.
Join us June 4 from 11:15 a.m. – 12 noon

AnalytiXIN creates new Indiana healthcare-based consortium to advance data-driven clinical research and improve health outcomes

New shared platform will use consented health data to facilitate life sciences research, advance healthcare, and to engage patients via precision medicine

INDIANAPOLIS (January 21, 2025) – AnalytiXIN today announced the launch of a new consortium to help healthcare organizations across Indiana better identify and access comprehensive, consented clinical and genomic health data. It is a continued investment to improve patient outcomes and drive efficiencies to accelerate clinical research. Access to these diverse datasets will allow researchers to quickly develop and conduct more accurate and personalized studies, enabling more effective healthcare interventions, further establishing Indiana as a leader in health sciences data analytics.

Several leading Indiana-based healthcare companies, including Eli Lilly and Company (“Lilly”), Indiana University (IU) Health, IU School of Medicine, and the Indiana Health Information Exchange (IHIE) have pledged unprecedented commitment to this collaboration.

“We’re excited to work with our AnalytiXIN consortium partners to harness the power of data analytics, with the aim of advancing scientific research and improving health outcomes,” said David A. Ricks, Lilly chair and CEO. “Accurate, comprehensive data will provide our researchers with important new insights that will enhance clinical trial design and enrollment and accelerate the development of innovative new medicines for people here in Indiana and around the world.”

The consortium will serve a broad range of stakeholders, including life sciences researchers, healthcare providers, and data scientists, fostering collaboration to accelerate data-driven clinical research. By bringing together experts in precision medicine, genomics, and data analytics, the consortium will drive innovative research efforts. It will prioritize improving health outcomes, with a focus on cardio-metabolic diseases, neurodegenerative conditions, and other critical health challenges impacting Hoosiers.

“The AnalytiXIN consortium’s success depends on Hoosiers joining the Indiana Biobank. Their involvement, along with our partners’ expertise, helps us understand treatments tailored to each person’s genetics,” said Dennis Murphy, president and CEO of IU Health. “With over 60,000 Hoosiers already participating, more people joining will help us prevent and treat diseases, making Indiana one of the healthiest states in the nation.”

“The AnalytiXIN consortium is an exciting opportunity to harness the vast resources held within the Indiana Biobank here at the IU School of Medicine, coupled with the depth of data contained in IU Health’s electronic medical records, to help accelerate the discovery of new therapies,” said Jay L. Hess, MD, PhD, MHSA, dean of the IU School of Medicine and IU’s executive vice president for university clinical affairs. “The impact that this collaboration could have on the health of Hoosiers across the state is immeasurable. The School of Medicine is thrilled to be a partner in this groundbreaking effort.”

AnalytiXIN is a strategic program run by the Central Indiana Corporate Partnership (CICP) and is designed to bolster the economic vitality and drive sustained innovation in Indiana by advancing the integration of strategic technologies—artificial intelligence, machine learning, and data analytics—in the life sciences and manufacturing industries, both significant drivers of the state’s economic, social and physical wellbeing. It is funded with support from Lilly Endowment Inc.

“By leveraging this unique life sciences health data asset, we’re empowering our partners like Lilly, IU Health, and the IU School of Medicine to accelerate innovation and drive breakthroughs faster and more effectively than ever,” said Melina Kennedy, CEO of the Central Indiana Corporate Partnership. “We invite life sciences industry leaders, health systems, and universities to join us in harnessing this asset to further advance Indiana’s leadership in healthcare and life sciences.”

About AnalytiXIN

AnalytiXIN was established through a Lilly Endowment Inc. grant to the Central Indiana Corporate Partnership to develop a digital community, including a place-focused collaboration hub in Indianapolis that will strengthen connections and encourage engagement of academic data science R&D talent with their industry peers to drive sustained innovation within Indiana. The project is intended to grow and enable the digital ecosystem and drive sustained innovation within the State. The emphasis is on life sciences and manufacturing – two of Indiana’s most important and prolific economic drivers. To learn more, visit www.analytixindiana.com.

About Central Indiana Corporate Partnership (CICP)

The Central Indiana Corporate Partnership (CICP) was formed in 1999 to bring together the chief executives of the region’s prominent corporations, foundations and universities in a strategic and collaborative effort dedicated to Indiana’s continued prosperity and growth. To advance this mission, CICP sponsors five key talent and industry sector initiatives, AgriNovus Indiana, Ascend Indiana, BioCrossroads, Conexus Indiana, and TechPoint, each of which addresses challenges and opportunities unique to its respective area: agbiosciences, talent and workforce development, life sciences, advanced manufacturing and logistics, advanced energy technology and transportation and technology. To learn more, visit www.cicpindiana.com.

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