16 Tech

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

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

• Innovation district
• Coworking spaces
• Makerspace facilities
• Lab space leasing
• Entrepreneurship programs

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Marketing or Sales, Others

Revenue model

1. 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.
2. Membership Fees: Coworking memberships ranging from day passes to office suites, makerspace memberships, and lab space access generate recurring revenue.
3. 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

Distribution channels5 records

Marketing channels6 records

Core 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

Named customers11 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

23 partnerships are on record, tiered major, core and minor.

• Parkview HealthmajorStrategic or Co-development Partner · 22 October 2025Fort 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)coreStrategic or Co-development Partner · 1 October 2025IU 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 LeagueminorStrategic or Co-development Partner · 1 January 2025Facilitated funding from Lilly Endowment for Talent Access program.
• Indiana Biosciences Research Institute (IBRI)coreStrategic or Co-development PartnerIBRI 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 BioWorkscoreStrategic or Co-development PartnerHeartland 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 CompanycoreStrategic or Co-development PartnerKey industry leader headquartered in Indiana with deep presence in the 16 Tech ecosystem and BioHeartland region.
• Cook MedicalcoreStrategic or Co-development PartnerMedical 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)coreStrategic or Co-development PartnerAnchor tenant in Innovation Building 1 with initiatives supporting life sciences ecosystem development across Indiana.
• Indiana University School of MedicinecoreStrategic or Co-development PartnerTenant in Innovation Building 1 with startup labs. One of the largest medical schools in the country.
• Regenstrief InstitutemajorStrategic or Co-development PartnerGlobal leader in health data science and informatics, partner in IU LAB ecosystem at 16 Tech.
• Global Institute on Innovation Districts (GIID)minorStrategic or Co-development Partner16 Tech is a proud member of GIID, connecting to 50 innovation districts worldwide for peer learning and best practice sharing.
• BioCrossroadscoreStrategic or Co-development PartnerInitiative of CICP that serves as a catalyst for Indiana's life sciences sector, advancing research, development, and manufacturing.
• Purdue UniversitycoreStrategic or Co-development PartnerR1 research university with presence at 16 Tech through Purdue MMRL and other initiatives.
• IU HealthcoreStrategic or Co-development PartnerOne of the nation's leading academic health systems with active presence in 16 Tech and partner in IU LAB incubator programs.
• Gener8tormajorChannel Partner/ Reseller/ DistributorAccelerator programs including gBETA AgBioScience, Indiana Main Street, Smart Manufacturing, Future of Mobility, 5G Technology operating at 16 Tech.
• Plug and PlaymajorChannel Partner/ Reseller/ DistributorLifeTech Accelerator powered by Plug and Play and Biocrossroads, supporting 30+ companies annually.
• AnalytixINminorStrategic or Co-development PartnerAnalytics partner providing genomics and research support services.
• Emerging Manufacturing Collaboration Center (EMC2)coreStrategic or Co-development Partner60,000 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 EMC2minorStrategic or Co-development Partner5G technology lab and testing facility at EMC2.
• BioCrossroads - OdysseyminorStrategic or Co-development PartnerProgram supporting life sciences entrepreneurship and innovation.
• Axis MentoringminorStrategic or Co-development PartnerMentorship program for life sciences entrepreneurs.
• Techpoint Founders NetworkminorStrategic or Co-development PartnerNetwork supporting Indiana tech founders.
• CICP - See Yourself INminorStrategic or Co-development PartnerWorkforce and talent initiative.

Scale indicators15 records

Recent moves9 records

Expansion highlights5 records

Direct 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

• Xx.com/16techinnovate
• YouTubeyoutube.com/@16TechInnovationDistrict
• Facebookfacebook.com/16TechInnovate
• LinkedInlinkedin.com/company/16-tech
• Instagraminstagram.com/16techinnovate/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 16 Tech