The lab — the first of its kind in the region — has become so popular that its founder, John Wechsler, is close to hanging a no vacancy sign, less than 11 months after it opened its doors.
The internet of things — or IoT — refers to internet-connected items ranging from watches and dishwashers to vehicles and security systems. Lots of big companies play in the IoT sector, including Apple, FitBit and Amazon. But by its nature, the relatively new field is drawing scads of upstart players looking to be first to market with innovative ideas.
Though the growth of the Indiana IoT Lab — a sort of niche co-working space — has been dramatic, it hasn’t taken Wechsler completely by surprise.
The IoT Lab’s budget is approaching $1 million annually and growing, said Wechsler, reflecting growth in sponsorships, programming, membership and tenants.
Berry’s company — which offers automated coaching software for high-end sales associates — hopes to raise $400,000 for a “go-to-market war chest” this spring and said he’s already made “several investor connections” through the lab. He said investor activity as well as tenant interactions are rising.
Omni makes smart-home automation systems. Fischer said the system he and Omni co-founder Stephe Blansette are building is so smart that it allows a home to recognize its occupants — including pets — and anticipate their needs through artificial intelligence and machine learning.