Indy’s new innovation district, 16 Tech, is located just three miles northwest of downtown. The 50-acre live-work-innovate community brings together entrepreneurs, academics, startups, corporations and creatives in a single place designed to spark the exchange of ideas that lead to innovation.
The innovation district opened its first building in August 2020, home to Indiana Biosciences Research Institute, IU School of Medicine and the Central Indiana Community Partnership and its initiatives. HqO, the innovation hub at the heart of the district, opened its doors in 2021. Located in the former headquarters of the Indianapolis Water Company, HqO boasts three unique activity centers including a makerspace, artisan marketplace, and flexible/private office space powered by national incubator 1776.
The development will change the landscape of Indianapolis over the next ten years. By 2030, 16 Tech will be home to:
- $500 million in investment
- 50 acres of mixed-use community space
- 15 acres of greenspace
- 3 miles of trails
- More than 750 housing units
- 3 million square feet of development including office, lab, retail, and residential
- 3,000 jobs in the tech life sciences and advanced manufacturing