In a sector that has generated more than $1 billion in new Hoosier wealth creation and reinvestment over the past decade, TechPoint's mission is nothing short of real and lasting positive transformation. As evidenced by the state’s creation of the 21st Century Fund, the Certified Technology Park (CTP) program, and other unique initiatives for capital formation and patent development, relevant policy can truly catalyze critical change and measurably advance the state's progress in elevating a technology-driven economy.
However, access to capital for Indiana entrepreneurs, particularly early‑stage capital, continues to be the most pressing challenge to financing new Indiana business investment and job creation, especially in capital‑intensive, technology‑based enterprises. In addition, the State must develop a robust infrastructure for entrepreneurial support to increase chances for business success.
Indiana must foster the creation and growth of new, entrepreneurial companies and encourage the development of a vibrant Indiana‑based venture capital community. Additionally, it is important to create a state tax regime where Indiana's tax rates – both in absolute terms and relative to other states – are business‑friendly, enhance our state's economic competitiveness and create new incentives for early stage investments.
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