16 Tech
- Company typePrivate
- Founded2020
- HeadquartersIndianapolis, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
16 Tech firmographics
Firmographics- Name
- 16 Tech
- Legal name
- 16 Tech Community Corporation
- Website
- https://16tech.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
16 Tech industry classification
Industry- Product category
- Innovation District / Coworking and Lab Space Leasing
- SIC
- Services-Facilities Support Management Services (8744)
- akta.pro primary industry
- Entrepreneurship, Innovation & Venture Creation Centers (EDAHAHAH)
- akta.pro secondary industries
- Youth Business Incubators & Accelerators (EDAMAHAC), Makerspace, Innovation Lab & Fab Lab Operations (Tools, Safety, Programming) (EDAEAGAI)
Keywords
Where 16 Tech is headquartered
LocationHeadquarters
- HQ city
- Indianapolis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
16 Tech business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Infrastructure, Operations, Marketing or Sales, Others
Revenue model
- Real Estate Leasing: Revenue from leasing office, lab, and maker spaces to companies and organizations within the district. Assessment of $0.20 per square foot on leased space supports the Community Investment Fund.
- Membership Fees: Coworking memberships ranging from day passes to office suites, makerspace memberships, and lab space access generate recurring revenue.
- Sponsorships and Donations: Support from corporate sponsors and donors helps fund programs and community initiatives. The organization relies on community support for mission-aligned activities.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Coworking memberships for entrepreneurs and teams up to 80 people |
| Subscription | Monthly | Machyne Makerspace memberships for prototyping and digital fabrication |
| Subscription | Monthly | Future Legends Lab access at Indiana Biosciences Research Institute |
Distribution channels5 records
Marketing channels6 records
16 Tech product offering
Product offeringCore offering
16 Tech is a 50-acre mixed-use innovation district in downtown Indianapolis that leases physical spaces — including coworking offices (HqO Innovation Hub), prototyping makerspace (Machyne), wet labs (Future Legends Lab, Innovation Building 1), advanced manufacturing facilities (EMC2), and residential apartments (The Vanguard) — to startups, researchers, and established companies. It also operates entrepreneurship and talent development programs (Momentum, Ignition, Talent Access, I Can Be That) and channels philanthropic and community investment into the surrounding neighborhoods.
Product overview
16 Tech Innovation District is a 50-acre mixed-use innovation ecosystem in downtown Indianapolis that offers a portfolio of physical spaces, programs, and community resources designed to foster innovation in life sciences and advanced manufacturing. The district provides coworking and office space through HqO Innovation Hub, prototyping capabilities via Machyne Makerspace, laboratory facilities including the Future Legends Lab and Innovation Building 1, manufacturing capabilities through EMC2, residential living at The Vanguard, and diverse dining/retail at The AMP Food Hall. Programs include Momentum (speaker series), Ignition (collegiate founders), Talent Access (internships), and I Can Be That (career exploration). Major facilities under development include IU Launch Accelerator for Biosciences and Heartland BioWorks (both opening 2027).
Differentiator
Problem solved
Functional benefit
Products and services
- HqO Innovation Hub A 50,000 sq. ft. coworking space and innovation hub offering flexible memberships from day passes to office suites for teams up to 80 people, alongside the Machyne Makerspace and The AMP Food Hall + Marketplace. Targets startups, entrepreneurs, and remote teams seeking an amenitized collaborative workspace.
- Machyne Makerspace A prototyping and digital fabrication makerspace providing flexible memberships with access to woodworking, CNC router, 3D printers, and electronics equipment. Serves entrepreneurs, startups, and individuals building hard-tech prototypes.
- Innovation Building 1 A state-of-the-art office-lab building with the Indiana Biosciences Research Institute as anchor tenant, also housing Central Indiana Corporate Partnership, Indiana University School of Medicine, and startup labs. Targets bioscience companies and research institutions.
- EMC2
- The Vanguard at 16 Tech A residential community featuring studio, one-, and two-bedroom apartments with resort-style pool, covered parking, fitness center, and high-end finishes in a walkable live-work-play neighborhood. Targets district tenants, employees, and downtown Indianapolis residents.
- Future Legends Lab
- LifeTech Accelerator Accelerator program powered by Plug and Play and BioCrossroads supporting 30+ companies annually in therapeutics, medical devices, diagnostics, and biotechnology. Targets life sciences startups seeking structured accelerator programming.
- 5G Lab at EMC2
- The AMP Food Hall + Marketplace Food hall featuring 20+ local culinary and retail concepts in colorful shipping containers, food stalls, an open-air bar, and communal seating. Provides retail and dining amenities within the HqO Innovation Hub.
- Momentum
- Ignition Eight-week hybrid experience connecting collegiate founders with mentorship, resources, and statewide connections to help students advance ventures and see Indiana as a place to grow. Targets student entrepreneurs.
Quantifiable outcome
- 300+ companies and organizations in the district
- +4 more outcomes
Companies that use 16 Tech
Customer profileNamed customers11 records
Segments6 records
Ideal customer profiles6 records
16 Tech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
16 Tech partnerships and signals
Strategic signalPartnerships
23 partnerships are on record, tiered major, core and minor.
- Parkview HealthmajorFort Wayne-based healthcare system opening innovation space at HqO Innovation Hub (1220 Waterway Blvd) with ribbon-cutting on October 22. Extends innovation services to connect with startups and researchers in central Indiana.
- Indiana University Launch Accelerator for Biosciences (IU LAB)coreIU LAB is under construction at 16 Tech with a $172M investment. It advances bioscience research, commercialization, and workforce development through partnerships with academic, healthcare, and industry organizations. Expected to open in 2027.
- National Urban LeagueminorFacilitated funding from Lilly Endowment for Talent Access program.
- Indiana Biosciences Research Institute (IBRI)coreIBRI is the anchor tenant of Innovation Building 1 and a key partner in translational research. The institute drives biomedical innovation across Indiana and collaborates with IU LAB and other district partners.
- Heartland BioWorkscoreHeartland BioWorks is a Regional Tech Hub advancing next-generation biomanufacturing through partnerships across industry, academia, and government. Headquarters under construction at 16 Tech.
- Eli Lilly and CompanycoreKey industry leader headquartered in Indiana with deep presence in the 16 Tech ecosystem and BioHeartland region.
- Cook MedicalcoreMedical device company at 16 Tech that fuels medical innovation through inventing, manufacturing, and delivering medical devices. Home to Sexton Biotechnologies.
- Central Indiana Corporate Partnership (CICP)coreAnchor tenant in Innovation Building 1 with initiatives supporting life sciences ecosystem development across Indiana.
- Indiana University School of MedicinecoreTenant in Innovation Building 1 with startup labs. One of the largest medical schools in the country.
- Regenstrief InstitutemajorGlobal leader in health data science and informatics, partner in IU LAB ecosystem at 16 Tech.
- Global Institute on Innovation Districts (GIID)minor16 Tech is a proud member of GIID, connecting to 50 innovation districts worldwide for peer learning and best practice sharing.
- BioCrossroadscoreInitiative of CICP that serves as a catalyst for Indiana's life sciences sector, advancing research, development, and manufacturing.
- Purdue UniversitycoreR1 research university with presence at 16 Tech through Purdue MMRL and other initiatives.
- IU HealthcoreOne of the nation's leading academic health systems with active presence in 16 Tech and partner in IU LAB incubator programs.
- Gener8tormajorAccelerator programs including gBETA AgBioScience, Indiana Main Street, Smart Manufacturing, Future of Mobility, 5G Technology operating at 16 Tech.
- Plug and PlaymajorLifeTech Accelerator powered by Plug and Play and Biocrossroads, supporting 30+ companies annually.
- AnalytixINminorAnalytics partner providing genomics and research support services.
- Emerging Manufacturing Collaboration Center (EMC2)core60,000 sq. ft. manufacturing facility serving as platform for manufacturing R&D and technology adoption. Home to one of the only GE Jet Binder printers available for commercial use.
- 5G Lab at EMC2minor5G technology lab and testing facility at EMC2.
- BioCrossroads - OdysseyminorProgram supporting life sciences entrepreneurship and innovation.
- Axis MentoringminorMentorship program for life sciences entrepreneurs.
- Techpoint Founders NetworkminorNetwork supporting Indiana tech founders.
- CICP - See Yourself INminorWorkforce and talent initiative.
Scale indicators15 records
Recent moves9 records
Expansion highlights5 records
16 Tech competitors and assessment
Company assessmentDirect peers
- Cambridge Innovation Center (CIC): CIC operates multi-building innovation campuses in Cambridge, Boston, Providence, Philadelphia, Rotterdam and other cities, providing coworking, lab, and venture-creation services. Highly comparable to 16 Tech's mixed-use innovation hub model with HqO Innovation Hub, Machyne Makerspace, and lab facilities.
- Station Houston: A nonprofit innovation hub in Houston connecting corporates, startups, and universities. Comparable to 16 Tech in nonprofit structure, programming for founders and talent, and place-based district development.
- University City Science Center: A nonprofit urban research park in Philadelphia connecting universities (Penn, Drexel) with startups and industry. Comparable to 16 Tech in nonprofit stewardship, university-anchored life-sciences programming, and venture-creation focus.
- Cortex Innovation Community: A 200-acre innovation district in St. Louis anchored by Washington University and focused on bioscience, plant science, and tech startups. Comparable to 16 Tech in its nonprofit stewardship structure, life-sciences focus, and mixed-use district model with strong research-institution partnerships.
- Nebraska Innovation Campus: A University of Nebraska-affiliated innovation campus in Lincoln focused on food, fuel, and water innovation. Comparable to 16 Tech as a university-anchored, public-private innovation district offering coworking, lab space, and incubation programs.
Broad incumbents
- Cummings Research Park: One of the largest research parks in the U.S. in Huntsville, AL, with a heavy concentration of biotech, aerospace, and advanced manufacturing tenants. Comparable to 16 Tech in its industry-anchored, mixed-use district model and its focus on advanced manufacturing.
- Research Triangle Park: A 7,000-acre research park in North Carolina anchored by Duke, UNC, and NC State. Comparable to 16 Tech as a large-scale innovation district focused on life sciences and advanced manufacturing with major corporate tenants.
- Kendall Square Association: Represents the Kendall Square innovation district in Cambridge, MA — the global benchmark for university-anchored innovation clusters. Comparable to 16 Tech in life-sciences density, lab-driven real estate, and tier-1 research institution concentration.
Regional players
- Pittsburgh Innovation District: A cluster of innovation neighborhoods (Bakery Square, Hazelwood Green, Oakland) in Pittsburgh anchored by Carnegie Mellon and UPMC. Comparable to 16 Tech as a multi-anchor innovation ecosystem with strong life-sciences and advanced-manufacturing focus.
- Tech Square (Georgia Tech): An innovation district in Midtown Atlanta anchored by Georgia Tech with deep corporate and startup presence. Comparable to 16 Tech in tier-1 university anchoring, mixed-use live-work-play planning, and life-sciences/advanced-industry tenant mix.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
16 Tech social profiles
Digital presence16 Tech financial estimates
Financial estimateRevenue estimate
Valuation estimate
16 Tech leadership team
Management profileNumber of profiles
Profiles10 records
16 Tech funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
16 Tech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 16 Tech
What does 16 Tech do?
16 Tech is a 50-acre mixed-use innovation district in downtown Indianapolis that leases physical spaces — including coworking offices (HqO Innovation Hub), prototyping makerspace (Machyne), wet labs (Future Legends Lab, Innovation Building 1), advanced manufacturing facilities (EMC2), and residential apartments (The Vanguard) — to startups, researchers, and established companies. It also operates entrepreneurship and talent development programs (Momentum, Ignition, Talent Access, I Can Be That) and channels philanthropic and community investment into the surrounding neighborhoods.
Is 16 Tech a public or private company?
16 Tech is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was 16 Tech founded?
16 Tech was founded in 2020. It employs 1 to 10 people.
Where is 16 Tech based?
16 Tech is headquartered in Indianapolis, United States, in the North America region.
How does 16 Tech make money?
Three revenue lines are on record. Real Estate Leasing is the primary driver. The others are membership Fees and sponsorships and Donations.
Who are 16 Tech's main competitors?
Direct peers on record are Cambridge Innovation Center (CIC), Station Houston, University City Science Center, Cortex Innovation Community and Nebraska Innovation Campus. Broad incumbents are Cummings Research Park, Research Triangle Park and Kendall Square Association. Regional players are Pittsburgh Innovation District and Tech Square (Georgia Tech).
Does 16 Tech have an API?
No public API is recorded for 16 Tech.
What industry is 16 Tech in?
16 Tech's product category is Innovation District / Coworking and Lab Space Leasing. Its primary akta.pro industry code is EDAHAHAH, Entrepreneurship, Innovation & Venture Creation Centers, with a secondary code of EDAMAHAC, Youth Business Incubators & Accelerators. Its SIC code is 8744.