Purdue Research Park

What Purdue Research Park does

Purdue Research Park is a multi-location technology park ecosystem operated by the Purdue Research Foundation (PRF), a private nonprofit affiliated with Purdue University. Headquartered on a 725-acre flagship campus in West Lafayette, Indiana, the park provides commercial real estate, wet lab, manufacturing, and coworking infrastructure to technology-based companies, startups, and industry partners. The park network spans multiple Indiana locations including Crown Point (Northwest), New Albany (Southeast), and Odon (WestGate, near NSWC Crane), housing more than 250 companies and supporting over 4,000 jobs.

Name

Purdue Research Park

Legal name

Purdue Research Foundation

Website

https://purdueresearchpark.com

Company type

Private

Founded year

1961

Operating status

Operating

Headcount range

1–10 employees

Short description

Purdue Research Park is a multi-location Indiana technology park operated by the Purdue Research Foundation, providing office, lab, coworking, and real estate infrastructure to 250+ technology companies, startups, and industry partners adjacent to Purdue University.

Ownership category

akta.pro rank

Product category

Technology Park Real Estate

NAICS

Research and Development in Biotechnology (except Nanobiotechnology) (541714), Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) (541715)

SIC

Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Entrepreneurship, Innovation & Venture Creation Centers (EDAHAHAH)

Keywords

• Technology park leasing
• Commercial real estate
• Business incubation services
• Coworking space memberships
• Wet lab facilities

Headquarters

HQ city

West Lafayette

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Commercial Real Estate Leasing: Leasing of office, lab, and manufacturing space to technology companies and startups. PRF-owned facilities offer gross leases with utilities included.
2. Coworking Memberships: Annual and monthly memberships to the Purdue Railyard coworking space and other technology center cospaces. Membership tiers include Basic ($600/year), Basic Plus ($840/year), and Reserved Desk ($160/month).
3. Business Incubation Services: Business incubation services to help accelerate partner growth with emphasis on early-stage entrepreneurial support through Purdue Innovates.
4. Land Development and Leasing: Shovel-ready parcels available for development for innovation-driven companies of all sizes.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels9 records

Core offering

Purdue Research Park provides commercial real estate leasing of Class-A office, wet lab, and manufacturing space to technology companies, startups, and industry partners seeking proximity to Purdue University's research and talent pipeline. It also operates coworking memberships through the Purdue Railyard and delivers business incubation services via Purdue Innovates to accelerate early-stage entrepreneurial growth.

Product overview

Purdue Research Park is a multi-location technology park ecosystem offering commercial real estate, business incubation, and coworking services. The core offering is the 725-acre West Lafayette flagship park, supplemented by facilities in Northwest (Crown Point) and Southeast (New Albany) Indiana. Key facilities include the Kurz Purdue Technology Center (KPTC), Purdue Technology Center, Ross Enterprise Center, and Indiana Manufacturing Institute. The Purdue Railyard provides coworking space with 24/7 access, conference rooms, and business address services. The park offers office space, wet lab facilities, and land for development, with over 250 companies operating across the network.

Differentiator

Problem solved

Functional benefit

Products and services

• Purdue Railyard Coworking Space One of the largest single coworking spaces in the U.S., located inside the Kurz Purdue Technology Center. Provides 24/7 access, 14 conference rooms, phone rooms, a presentation stage, a wooden two-story water tower meeting space, and mailroom services. Offers tiered annual and monthly memberships.
• Kurz Purdue Technology Center (KPTC) Flagship high-tech business incubator constructed in 2009. Features scalable Class-A office and wet lab space, shared conference rooms, mailroom, a cafe, fitness center, kitchenette, and the Purdue Railyard coworking space. Houses technology-based companies seeking proximity to Purdue University research.
• Purdue Technology Center (West Lafayette) Original incubator facility constructed in 1999 with an additional wing added in 2005. 105,000-square-foot building featuring Class-A office and wet lab space, shared conference rooms including a 75-person capacity, multi-media conference room, electronic pass card security, full-function kitchen, and dock equipped with scissor lifts.
• Ross Enterprise Center 111,000-square-foot facility offering scalable Class-A office and wet lab space, shared conference rooms, and co-working facilities for technology-based tenants.
• Indiana Manufacturing Institute

Quantifiable outcome

• $1.3B annual economic impact to Indiana (Niche, 2024)
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Ten partnerships are on record, tiered core, flagship and minor.

• MediaTekcoreStrategic or Co-development Partner · 1 January 2025Taiwan-based semiconductor company MediaTek opened an expanded chip design center in the park in 2025. This represents a significant expansion of their U.S. presence and access to Purdue talent and research.
• SK HynixflagshipStrategic or Co-development Partner · 1 January 2024SK Hynix announced nearly $4 billion semiconductor advanced packaging investment in Purdue Research Park in 2024. One of the world's largest semiconductor vendors supplying DRAM and flash memory chips, SK Hynix is establishing a major manufacturing presence in the park.
• Cook BiotechcoreStrategic or Co-development PartnerCook Biotech has licensed several Purdue innovations that have helped people around the globe. The partnership between Cook Biotech and Purdue represents a collaborative model where industry and academia work together for common good, producing great results.
• InaricoreStrategic or Co-development PartnerInari chose the park as the location for its first-in-the-world Seed Foundry and strategic expansion to the Midwest in 2018. In 2024, Inari cut ribbon on a $20 million, 42,000 sq ft expansion to double greenhouse facilities.
• Anduril IndustriescoreStrategic or Co-development PartnerAnduril acquired Adranos Inc., a Purdue-originated company located in the park, in 2023. Adranos manufactures solid rocket motors and ALITEC high-performance solid rocket fuel. The acquisition connects Anduril to Purdue's innovation ecosystem.
• Young Institute (William D. and Sherry L. Young Institute for the Advanced Manufacturing of Pharmaceuticals)coreStrategic or Co-development PartnerThe institute promotes innovations that lead to better access to medicines and lower costs. Broke ground on a 10,000 sq ft manufacturing and training space in the Indiana Manufacturing Institute in 2024.
• Indiana Manufacturing InstitutecoreStrategic or Co-development Partner$50 million, 62,000-square-foot institute leads research on vehicle, wind turbine, and aerospace structures including advancing fracture mechanics, lightweight and smart materials, and energy-saving technologies.
• Purdue InnovatescoreStrategic or Co-development PartnerPurdue Innovates provides business incubation services to help accelerate growth of park partners, with particular emphasis on early-stage entrepreneurial support.
• NSA Crane (NSWC Crane)minorStrategic or Co-development PartnerPurdue@WestGate location leverages the capabilities of NSWC Crane and serves as a connection point between defense technology and private sector innovation.
• Purdue UniversitycoreStrategic or Co-development PartnerThe park serves as an extension of Purdue's land-grant mission to advance practical education, research, and public service. Industry partners have access to cutting-edge research, scientific data, and the university talent pipeline.

Scale indicators17 records

Recent moves12 records

Expansion highlights5 records

Regional players

• Innovation Works (Pittsburgh): Pittsburgh-based startup incubator and venture fund affiliated with Carnegie Mellon and the University of Pittsburgh, providing business incubation and capital to tech and life-sciences startups — comparable in incubator function but focused on the Pittsburgh region.

Direct peers

• Research Triangle Park: Research Triangle Park in North Carolina is a large-scale, university-affiliated research park (Duke, UNC, NC State) offering lab, office, and incubation space to technology companies — directly comparable in mission, structure, and tenant mix to Purdue Research Park.
• Cummings Research Park (Huntsville, Alabama): One of the largest research parks in the U.S., anchored by defense, aerospace, and biotech tenants near the University of Alabama in Huntsville — directly comparable in scale, tenant mix, and university partnership model.
• University of Texas at Austin Research Park / Discovery District: University of Texas-affiliated research park and innovation district that leases space to technology companies, supports startup incubation, and connects tenants to university research and talent — closely analogous to Purdue Research Park's industry-academia model.
• University City Science Center (Philadelphia): University City Science Center is an urban research park connecting startups and established companies with research institutions including the University of Pennsylvania and Drexel — a comparable university-anchored research and incubation campus on the East Coast.

Others

• Biocom (California life sciences trade group / innovation district): Biocom operates California life-sciences innovation infrastructure and partnerships — adjacent as a life-sciences cluster enabler comparable to the park's biotech and pharma (Young Institute, Low Institute, Inari) orientation.

Emerging players

• Techstars: Techstars runs a global network of startup accelerators and is a partial peer via Purdue-affiliated accelerator activity and incubation services; overlaps in early-stage company support though it does not operate real estate.
• 1871 (Chicago): 1871 is a major Chicago-based technology incubator and coworking hub supporting startups and corporate innovation programs — overlapping in coworking/incubation services, though narrower in real estate and lab infrastructure than a full research park.

Broad incumbents

• Cambridge Innovation Center (CIC): CIC operates shared office, lab, and innovation infrastructure across multiple US and global sites, including strong ties to MIT and the Kendall Square ecosystem — a broader incumbent in university-adjacent innovation real estate.
• Stanford Research Park: Stanford Research Park hosts established technology tenants adjacent to Stanford University, offering lab and office space with university research access — a larger and more mature peer in the same university-affiliated research park category.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/PurdueRP
• LinkedInlinkedin.com/company/purdue-research-foundation
• Instagraminstagram.com/purdue_research_foundation
• Facebookfacebook.com/1645372169283

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

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 Purdue Research Park