On the leading edge of innovation
The 16 Tech Innovation District is being developed by the 16 Tech Community Corporation, a nonprofit organization governed by a Board of Directors dedicated to fostering economic growth and innovation in Central Indiana.
The 16 Tech Community Corporation engages industry, civic, philanthropic and community leaders in its mission to create a place that inspires and facilitates industries of all sectors, researchers, entrepreneurs and academic leaders to pursue innovation. The 16 Tech Community Corporation also seeks to extend the economic benefits of 16 Tech to neighboring communities and residents through its community investment fund and efforts to develop talent pathways to employment opportunities in the district.
The 16 Tech development has begun with a fully leased 120,000-square-foot anchor office and research building. Build-out of the initial phase is anticipated over the next 10 years.
To drive Indiana to the next level of global leadership through a place-making strategy that attracts, develops, and retains talent by leveraging the unique entrepreneurial, corporate, and university research assets in downtown Indianapolis.
To develop an innovation district that creates opportunity, cultivates community, and facilitates discovery through the convergence of people, technology, purpose, and place.
Indiana industry, civic, philanthropic and community leaders are among the early visionaries of 16 Tech as a place for innovation.
When creating an innovation ecosystem, programming and entrepreneurial support are just as critical as physical space. The 16 Tech Community Corporation will sponsor events and programs and partner with organizations to develop entrepreneurial skills, provide scale-up support, facilitate industry-university partnerships and build personal and professional networks.
The district also will have a variety of shared resources, including wet labs, lab equipment and advanced industry equipment, such as CNC machines and 3D printers.
In the first 10 years, 16 Tech is estimated to result in nearly 3,000 jobs and more than $500 million in private investment.
Economic Impact Study
View a PDF of the Economic Impact Update for the 16 Tech Innovation District Development – Data and Findings.
16 Tech is expected to transform the economic landscape of Indianapolis and Central Indiana. According to a study by TEConomy Partners, 16 Tech will generate nearly 3,000 jobs of all skill levels in its first phase. Employment opportunities will be available with start-up and high-growth firms, research and corporate teams as well as retailers, housing and restaurant establishments.
In partnership with local workforce development organizations, 16 Tech is identifying skills training and job-readiness programs for nearby residents. In addition, 16 Tech is working with local companies and trade associations to create job pathway programs and support access to training opportunities.
Entry & Middle Level Skill Jobs