(INDIANAPOLIS) - Governor Mike Braun has announced the launch of Iron Nation-Indiana, a new $60 million-plus investment and commercialization initiative aimed at driving innovation, new business investment and long-term economic growth in Indiana.
The program is backed by a $15 million state investment and more than $30 million from the Iron Nation partnership. State leaders say the effort is designed to create a strategic bridge between Indiana and Israel by linking Indiana corporations, healthcare systems, universities and communities with Israeli technology companies looking to grow in the U.S. market.
The initiative is expected to help high-potential Israeli companies establish U.S. headquarters or other major operations in Indiana while building commercial relationships with Indiana-based partners in life sciences, manufacturing, healthcare and research.
Braun says the initiative is part of Indiana's broader strategy to compete in industries shaping the future, while Secretary of Commerce David Adams says it is intended to help grow wages and create more opportunities for Hoosiers.
Iron Nation's broader platform was launched after the October 7 attacks as a venture investment effort to support Israeli startups during a period of major disruption. State officials say the Indiana expansion builds on that momentum with a direct focus on attracting companies and partnerships to the state.
Additional details on participating partners and future engagement opportunities are expected to be announced late