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Established in 1961, Purdue Research Park in West Lafayette , IN , was one of the first five research parks in the nation. In the late ‘90s, Purdue Research Park began its transformation into a true technology park focused on companies operating in the arenas of life sciences, homeland security, engineering, advanced manufacturing and information technology.
Any technology-based company that wants to form strong ties to Purdue University may be considered for park tenancy. The park's owner, developer and manager, the nonprofit Purdue Research Foundation, initially provided emerging technology companies with business development expertise combined with a flexible leasing plan; then expanded offerings to include human resources, media relations and marketing. This strategy led to explosive growth that translated into the largest cluster of technology-based companies in the state. As of November 2007, the West Lafayette-based Purdue Research Park boasts 725 acres; 52 buildings; 146 companies; 2,754 employees; and an average wage for start-up companies of $53,713.
The park offers many of its industry-leading amenities and services to every company within the park, not just its client firms, and hosts several top-notch business plan competitions, job fairs, an internship program, and an entrepreneurship academy.
Today, the foundation welcomes high-tech companies to state-of-the-art technology centers located throughout Indiana , including:
Purdue Technology Centers of West Lafayette - Located just north of Purdue University's main campus, the centers serve as the flagship for the 725-acre, award-winning Purdue Research Park. The park is home to more than 140 companies, of which nearly 100 are technology-related. With 259,000 square feet of incubation space, the centers are considered to be among the largest university-affiliated, business incubation complexes in the country. Many of the innovations that emerge from the groundbreaking, interdisciplinary research underway at Purdue's Discovery Park will find their “business legs” here. Since 1999, the center's incubation program has graduated 38 companies, of which 27 have remained in the West Lafayette-based Purdue Research Park .
Purdue Technology Center of Northwest Indiana - Located on 386 acres west of I-65 near Merrillville , the 48,000-square-foot facility was Purdue's first satellite technology incubator when it opened in January of 2005. It now provides services to 20 client firms. This center and the Purdue University Calumet Academic Learning Center serve as anchors for the surrounding mixed-use business and technology park – Ameriplex at the Crossroads – under development by Purdue Research Foundation and Holladay Properties Inc.
Purdue Technology Center of Indianapolis - Scheduled to open in the fall of 2008, the 55,000-square-foot technology incubator will anchor the Purdue Research Park at Ameriplex-Indianapolis, which is a 78-acre, Indianapolis-based park being jointly developed by Purdue Research Foundation and Holladay Properties Inc. The park is located along the I-70 corridor and near the midfield terminal of the Indianapolis International Airport and is the centerpiece of the latest 400-acre phase of AmeriPlex-Indianapolis, a nearly 1,500-acre development.
Purdue Technology Center of Southeast Indiana - Scheduled to open in the fall of 2008, the 40,000-square-foot facility is located on 40 acres of land donated by the Shine family, founders and owners of Samtec Inc., an electronic interconnect manufacturer. The center will contain 18,000 square feet of business incubator offices, an economic development office, and an office for Purdue's Technical Assistance Program.
PURDUE RESEARCH PARK HONORS
MIRA Award: Innovation of the Year category – Purdue University/Quadraspec Inc. (Techpoint, 2006)
Excellence in Technology Transfer Award ( Association of University Research Parks, 2005 )
- Seventh place in Indiana 's 25 Keepers: Businesses the State Can't Afford to Lose ( Inside Indiana Business with Gerry Dick and Indy Men's Magazine, 2005 )
- Outstanding Incubator Graduate Award for Purdue Research Park companies gh LLC and ICx/Griffin Analytical ( National Business Incubation Association, 2004 and 2006 respectively )
- Outstanding Science/Research Park Award ( Association of University Research Parks, 2004)
- MIRA Award: Professional Service Provider category (TechPoint, 2003)
- Indiana 's First Certified Technology Park designation (Indiana Economic Development Corp., 2003)
Source: Purdue Research Park