Karl R. LaPan, CEO of The Northeast Indiana Innovation Center, Inc. Presented December 3, 2020

1. Karl R. LaPan
The Northeast Indiana Innovation Center, Inc.
December 3, 2020
ALLEN COUNTY COMMISSIONERS
ANNUAL REPORT

2. Inspiring Business Builders, Building Confident Ventures
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Northeast Indiana Innovation Park Client Survey Outlook Challenges/Barriers
Top Challenges/
Barriers
SFY 2020
Most Significant Barriers
SFY 2019
Most Significant Barriers
1 Finding paying customers Finding paying customers
2 Business Expansion Commercialization hurdles
3 Commercialization hurdles Business Expansion
4 Hiring Qualified Workforce (tied) Hiring Qualified Workforce (tied)
5 Raising Outside capital Bootstrapping
6 Bootstrapping Raising Outside capital
Note: 34 company responses in 2019 and 40 company responses in 2020

4. v
Northeast Indiana Innovation Park Client Survey Outlook Challenges/Barriers
Top Challenges/
Barriers
SFY 2020
Moderate + Most Significant Barriers
SFY 2019
Moderate + Most Significant Barriers
1 Business Expansion Business Expansion
2 Finding paying customers Finding paying customers
3 Bootstrapping (tied) Hiring Qualified Workforce
4 Hiring Qualified Workforce (tied) Bootstrapping
5 Commercialization hurdles Commercialization hurdles
6 Raising Outside capital Raising Outside capital
Note: 34company responses in 2019 and 40 company responses in 2020

5. Our Programs Focus on Overcoming Barriers to Higher Entrepreneurial Activity
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Illustrated by Scrambled Eggs Design & Productions for the NIIC.
Artwork by Michael Johnson.

6. Community Based, Building The Home-Town Team
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7. Virtual Business Services
• NIIC Navigator
• Navigator Academy
• Innovator Mindset
• Mastermind
• Business Builders
SBA-driven Programs
WBC EmPWR and WEOC WBC• KARES
• Innovation
Moshpit
The NIIC – Reimagining Programs & Delivery Models
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Benchmarks: CTP Wage Rates, Payroll & FTE
CTP Wage Rates Payroll and FTE

9. The Northeast Indiana Innovation Park
v Certified Tech Park Recertification – Metrics Highlights – SFY 2020 Cumulative

10. Connecting Northeast Indiana’s Ecosystem Players and Assets
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11. Thank you, Commissioners, for your continued
support for Entrepreneurship & Innovation.