Entrepreneurship is more than just a buzzword with studies showing that a growing number of people are less interested in depending on established companies for employment and more interested in forging their own paths by establishing their own business. To foster success among these entrepreneurs, East Central Indiana has several incubators, co-working spaces and maker spaces where innovators can find the resources, collaboration and technology they need to take their ideas from concept to reality.
Resources to help you start a business in East Central Indiana
Small Business Development Center (SBDC)
The Indiana Small Business Development Center (ISBDC) was created to have a positive and measurable impact on the formation, growth, and sustainability of small businesses in Indiana, and to help Hoosier Entrepreneurs start stronger, grow faster, and work smarter. The ISBDC offers entrepreneurs expert guidance and a comprehensive network of resources for little to no cost. Services provided include one-on-one consulting, strategic planning, market research, loan assistance and much more.
Small Business Administration (SBA) Loans
If you’re planning to start a business or expand an existing business, you might need financing help. SBA participates in a number of loan programs designed for business owners who may have trouble qualifying for a traditional bank loan. To start the process, you should visit a local bank or lending institution that participates in SBA programs.
Incubators, Co-Working and Makerspaces in East Central Indiana
Innovation Connector – Muncie
The Innovation Connector helps new entrepreneurs with truly unique business ideas turn their dreams into a reality by supporting and accelerating the creation of successful technology-based and emerging companies in order to improve the economy of Muncie and east central Indiana.
Muncie MadJax – Muncie
Muncie Madjax Makerforce is a makerspace located in Downtown Muncie. Its mission is to foster a collaborative environment wherein people can explore and create intersections between science, technology, engineering, art, mathematics and culture.
Purdue University P3 Makerspace – Purdue Polytechnic Institute, Anderson
Purdue University’s P3 Makerspace at Purdue Polytechnic Anderson is a co-working space offering services related to the use of manufacturing, prototyping, and woodworking. This is the place where you join with other do-it-yourselfers and the place where trained instructors are nearby to assist. A place to access those tools you dreamed of but was always outside your budget or the size of your tool shop. P3 Makerspace is the place our members bring creations to life with a state-of-the-art workspace filled with a plethora of tools and the latest technological equipment.
Flagship Enterprise Center – Anderson
The Flagship Enterprise Center (FEC) is a regional incubator and advanced stage business center supported by the City of Anderson, Anderson University, Purdue University, IVY Tech Community College, the U.S. Small Business Administration (SBA), the Indiana Economic Development Corporation (IEDC), the U.S. Department of Commerce Economic Development Administration (EDA), and many others. The mission of the Flagship Enterprise Center (FEC) is to be a premier technology-based business center, creating, growing and attracting jobs, and contributing to the long-term economic development of the communities of Anderson, Madison County and the state of Indiana. The FEC will pursue its mission through the encouragement and nurturing of the entrepreneurial and business spirit by offering mentoring, business services, networking and educational opportunities, access to capital, and debt financing.
Vesuvius Coworking – Anderson
Vesuvius Coworking is a place to work for those who don’t have places to work. It’s a home for the creative class in Anderson, Indiana, and throughout the midwest.
Center City Development Corporation and The Innovation Center – Richmond
The Center City Development Corporation is a resource for business owners, entrepreneurs, and community members alike. The purpose of the organization is to be a leading action-oriented community organization; to help small business to continue to grow and prosper, to develop and implement community development projects, and to be a resource that benefits both small and large businesses and community members. The Innovation Center is available for meetings and also serves as a business incubator for technology-related businesses.