Purdue Research Park Explained

Affiliations:Purdue University
Location:Indiana

The Purdue Research Parks are a network of four research parks located in Indiana, United States. The 725acres flagship West Lafayette park is located less than 2miles north of Purdue University's West Lafayette campus, and is the largest university-affiliated research park in the United States. The other facilities are located in Merrillville, Indianapolis, and New Albany.[1] The parks were developed by the Purdue Research Foundation.

Under development since the late 1990s, the Purdue Research Parks are now home to nearly 200 companies encompassing numerous industries and fields of study, including biology, materials science, and information science, among others. Purdue University and Purdue Research Foundation operate business incubation programs to assist organizations in the process of commercializing innovative technologies.[2] It represents the largest cluster of "technology-based companies" in Indiana.[3]

Economic impact

Purdue Research Park has been used as an example of the positive "impact of scientific research" on local economies, specifically through citation of a report which detailed a positive financial impact of per annum for the state of Indiana and a positive jobs impact through creation of 4000 jobs.[4]

Locations

The network of four research park locations are referred to as Purdue Research Park of West Lafayette, Purdue Research Park of Indianapolis, Purdue Research Park of Northwest Indiana (Merrillville) and Purdue Research Park of Southeast Indiana (New Albany).[1]

West Lafayette

The West Lafayette location was Indiana's "first designated certified technology park", a 725 acre (2.93 km2) site employing more than 3000 people .[5] As the largest university-affiliated, high-tech park in the United States, the West Lafayette Purdue Research Park is made up more than 50 distinct buildings. Key buildings include:

Incubation facilities

Graduation facilities

Other affiliated facilities

Resident companies

Endocyte, a pharmaceutical company, is developing EC145 (Vintafolide), a candidate drug for use in chemotherapy-resistant patients with non-small-cell lung cancer. EC145 has undergone a Phase II clinical trial.

Northwest Indiana

In 2013, the data management company Intercontinental Industries (operating as interLink) took up residence at the Northwest Indiana location.[7]

External links

Notes and References

  1. Web site: Park Locations . . 2013 . Purdue Research Park . 4 June 2013 .
  2. Web site: Purdue Portals . . 2013 . Purdue Research Park . 4 June 2013 .
  3. Web site: About Purdue Research Park . . 2013 . Purdue Research Park . 4 June 2013 .
  4. Web site: Chopping where it hurts . DeBono . Norman . 26 May 2013 . lfp . . . 4 June 2013 . https://web.archive.org/web/20130605014630/http://www.lfpress.com/2013/05/26/chopping-where-it-hurts . 5 June 2013 . live .
  5. Book: . Purdue Reamer Club . 2nd . A University of Tradition: The Spirit of Purdue . . 4 June 2013 . 2012 . . 9781557536303 . 79 .
  6. Web site: Business awards and achievements . . 20 May 2013 . . 4 June 2013 . https://web.archive.org/web/20130605013102/http://www.news-sentinel.com/apps/pbcs.dll/article?AID=/20130520/BUSINESS/305209980 . 5 June 2013 . live .
  7. Web site: Health care data management firm joins Purdue Research Park . . 16 May 2013 . nwi.com . . 4 June 2013 . https://web.archive.org/web/20220607074138/http://www.nwitimes.com/business/local/health-care-data-management-firm-joins-purdue-research-park/article_685ee513-3516-5680-a648-66d58accb22d.html . 7 June 2022 . live .