Indiana University

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Friday, October 21, 2005

Last modified: Friday, October 21, 2005

Indiana Entrepreneurial Awards of Distinction awarded to 19 state firms

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Oct. 21, 2005

EDITORS: Finalists for these awards were announced in a news release issued on Tuesday (Oct. 18). The inaugural winners of the Indiana Entrepreneurial Awards of Distinction were announced at a dinner Thursday (Oct. 20).

BLOOMINGTON, Ind. -- Eighteen successful Indiana companies and one non-profit organization were the inaugural winners Thursday (Oct. 20) in a new awards program from Indiana University's Kelley School of Business. The award recognizes them for their growth, innovation and willingness to take calculated risks.

This is the first year for the Indiana Entrepreneurial Awards of Distinction, which were presented by the school's Johnson Center for Entrepreneurship and Innovation. The winners were selected from 62 finalists and 175 applicants. With the exception of a Social Enterprise Award that goes to non-profits with a social mission, companies had to be founded prior to the 2002 fiscal year, be a public or private corporation, proprietorship or partnership located in Indiana, and have revenues of more than $1 million.

Most winners were honored in three categories -- growth, innovation and entrepreneurial spirit. Growth Award winners are honored for revenue growth of at least 35 percent over a two-year period. The Entrepreneurial Spirit Award honors companies for risk-taking and for persevering through lessons learned. The Innovation Award goes to companies that pioneer new systems, products or best practices.

Award sponsors are NASDAQ, Katz, Sapper & Miller, LaSalle National Bank, Monument Advisors, the Indiana University Research & Technology Corp., and the Kelley School of Business Indianapolis.

The winning companies follow and are grouped by category.

Growth Award winners:

Innovation Award winners:

Entrepreneurial Spirit Award winners:

Social Enterprise Award winner:

Individuals who wish to nominate a company for consideration for next year's awards should contact the Johnson Center at 812-855-4248. For more information regarding the program and the Johnson Center, visit the center's Web site at

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