INSIDE INDIANA BUSINESS:

2014-04-14T12:43:00Z 2014-04-14T18:41:18Z INSIDE INDIANA BUSINESS:Gerry Dick Inside Indiana Business nwitimes.com
April 14, 2014 12:43 pm  • 

Mobile Tech Company Lands Funding

A central Indiana technology startup continues to gain momentum. Gusto LLC has secured a $1.3 million round of funding led by Elevate Ventures. The company has released an app designed to let users organize emails, attachments and pictures. Founder Shawn Schwegman says Gusto plans to create up to 150 jobs by 2018. The former Overstock.com Inc. and ChaCha Inc. executive believes the emerging company can become a billion-dollar business.

CIB to Vote on Pacers Deal

The Capital Improvement Board in Indianapolis is set to vote this afternoon on a $160 million deal to keep the Indiana Pacers at Bankers Life Fieldhouse for up to 13 more years. The contract includes more than $25 million in upgrades that will be paid for by the city.

Berry Plastics Announces New Board Members

Evansville-based Berry Plastics Group, Inc. has named Indiana University Kelley School of Business Dean Idie Kesner and Current Capital LLC Founder Jon Foster to its board of directors. They will replace two resigning board members.

Purdue Project Part of Space Mission

A Purdue University experiment is slated to go into space today. The initiative to determine how plant cells respond to different levels of gravity will be part of a SpaceX Falcon 9 launch from Cape Canaveral.

Lieutenant Governor Names Relations Director

Former state lawmaker Peggy Welch has been named Intergovernmental Relations Director for the Lieutenant Governor. Welch will be a liaison for local elected officials.

IURTC Spin Up Company Secures Funding

A company with ties to commercialization efforts at Indiana and Purdue universities has secured funding from the National Institutes of Health. YC Bioelectric LLC is working on a device to help with the speed and accuracy of a technique used in some biology labs.

Grocer to Hold Hiring Event

Illinois-based Fresh Thyme Farmers Markets is holding a job fair this week to fill positions for two Indiana stores. The specialty grocer says each location, set to open this summer, will employ up to 100.

FDA Accepts Filing For Lilly Drug

A treatment being developed by Indianapolis-based Eli Lilly and Co. (NYSE: LLY) and Boehringer Ingelheim Pharmaceuticals Inc. in Connecticut has cleared a key hurdle. The U.S. Food and Drug Administration has accepted a New Drug Application filing for a diabetes combination tablet.

New Navy Ship Has Hoosier Connections

A new U.S. Navy destroyer is being powered by technology developed in Indiana. The Rolls-Royce Corp. facility in Indianapolis built the engine of the all-electric USS Zumwalt, which was christened this weekend.

AIT Labs Names Vice President

Indianapolis-based AIT Laboratories has named Kun Ma vice president of science and technology. He most recently served as director of venture analysis at Indiana University Health venture capital fund CHV Capital Inc.

For more Inside Indiana Business, visit www.insideindianabusiness.com.

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