Client Selection
Inventrek Tech Park include engineers, scientists, entrepreneurs and others interested in commercializing technologies or other innovations that will enhance the overall mission of the ITP and the economy of Indiana. Companies entering the program are evaluated on their progress and needs and provided with business development assistance designed to better equip them for survival in competitive environments.

Prospective client companies must be involved in “high technology activity" that includes one or more of the following:
» Advanced computing, which is any technology used in the design and development of computer hardware, software, data communication, or information technologies
» Advanced materials, which are materials with engineered properties created through the development of specialized process and synthesis technology.
» Biotechnology, which is any technology that uses living organisms, cells, macromolecules, microorganisms, or substances from living organisms to make or modify a product, improve plants or animals, or develop microorganisms for useful purposes. Biotechnology does not include human cloning or stem cell research with embryonic tissue.
» Electronic device technology, which is any technology that involves microelectronics, semiconductors, electronic equipment, instrumentation, radio frequency, microwave, millimeter electronics, optical and optic electrical devices, or data and digital communications and imaging devices.
» Engineering or laboratory testing related to the development of a product.
» Technology that assists in the assessment or prevention of threats or damage to human health or the environment, including environmental cleanup technology, pollution prevention technology, or development of alternative energy sources.
» Medical device technology, which is any technology that involves medical equipment or products other than a pharmaceutical product that has therapeutic or diagnostic value and is regulated.
» Product research and development.
» Advanced vehicles technology, which is any technology that involves electric vehicles, hybrid vehicles, or alternative fuel vehicles; or components used in the construction of electric vehicles, hybrid vehicles, or alternative fuel vehicles.
» The venture involves the licensing of intellectual property
» The venture offers employment to significant numbers
» A significant contribution to the Indiana economy is expectedOne condition that must be met by all clients is they must be “highly leverageable” ventures in which rapid acceleration and growth in revenues and profits are considered possible. Companies offering products such as software, scientific devices, drug development and delivery, and advanced manufacturing technologies, tend to be preferred over firms providing consulting services to one client at a time (difficult to leverage).