Hoosier Entrepreneurs Earn Invitation to White House as Startup Climate Warms

Categories: Business News


Indiana's strong business climate and favorable cost of living is making the Hoosier state a popular place for startup businesses. As this blog and BizVoice feature about DeveloperTown convey, Silicon Valley doesn't have much on the budding ideas and energy emanating from the heartland — especially in Central Indiana. Tuesday, five Indiana entrepreneurs are meeting with White House staff in Washington, D.C. about how to make Indiana's startup climate even better. Below is an excerpt from a press release, as well as background on Indiana's representatives as written by Kevin Hitchen of Localstake.

Startup leaders from across the country will convene in Washington, D.C. on February 5th to meet with administration officials to discuss the importance of fostering vibrant startup communities throughout the U.S. These Startup America Region Champions will also unveil their regions’ plans to push their startup ecosystems to the next level. Representatives from the Small Business Administration, Office of Science and Technology Policy and the Department of Commerce will take part in the meeting. 
 
Participating regions include: Startup Arizona, Startup Colorado, Startup DC, Startup Indiana, Startup Iowa, Startup Maryland, Startup North Carolina, Startup Nebraska, Startup Tennessee, Startup Texas and Startup Virginia. This meeting will be preceded by the Kauffman Foundation’s State of Entrepreneurship luncheon and followed by a reception hosted by Startup DC at the brand new D.C. startup hub 1776.

Indiana's representation includes:

  • Michael Coffey, who raised $2.5 in 60 days in 2010 and started a niche marketing company, moved from Napa Valley to Indianapolis because he is so impressed with Indiana's startup scene. In 2012, he became partner at DeveloperTown.
  • Kevin Hitchen is one of the founders of Localstake, a new investment marketplace that allows individuals to invest in local private businesses.  Localstake recently registered as a broker-dealer with the SEC and FINRA, so it can offer private business investing before the JOBS Act is implemented.
  • Matt Hunckler is the founder of Verge, a 2,000-member platform for software entrepreneurs in the Midwest. He leads startup efforts at Social Reactor, a premium social engagement platform based in Carmel.
  • Michael Langellier is the new CEO of TechPoint, Indiana’s technology growth initiative. He cofounded MyJibe, which he sold to MoneyDesktop in November 2011.
  • Dustin Sapp is president and co-founder of TinderBox, the third company he has helped start in Indianapolis. He has been recognized locally and regionally for efforts in entrepreneurship.

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