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Innovative Agbioscience in Indiana: 2020 Assessment

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Innovative Agbioscience in Indiana: 2020 Assessment Innovative Agbioscience in Indiana: 2020 Assessment Prepared by: TEConomy Partners, LLC Submitted to: AgriNovus Indiana November 2020 TEConomy Partners, LLC is a global leader in research, analysis, and strategy for innovation-driven economic development. Today, we’re helping nations, states, regions, universities, and industries blueprint their future and translate knowledge into prosperity. Table of Contents Executive Summary ....................................................................................................................... ES-1 Chapter I. Introduction .......................................................................................................................1 The Agbiosciences—An Ongoing Development Opportunity ............................................................................. 1 A Need to Update Indiana’s Agbioscience Analysis ............................................................................................ 3 Defining “Agbioscience” ..................................................................................................................................... 3 Indiana Life Science and Industrial Diversity—An Advantage in a Convergence Economy ................................ 5 AgriNovus Indiana and Indiana’s Agbioscience Innovation ................................................................................ 6 Structure of Report ............................................................................................................................................. 6 Chapter II. Indiana’s Agbioscience Profile ...........................................................................................8 Introduction—Data and Methodology ............................................................................................................... 8 Size and Performance of Indiana’s Agbioscience Industry ................................................................................. 9 Primary Agriculture Production in Indiana ....................................................................................................... 16 Summary ........................................................................................................................................................... 19 Chapter III. Indiana’s Agbioscience Research Enterprise .................................................................... 21 Academic Agbioscience R&D in Indiana ............................................................................................................ 21 OmniViz™ Analysis of Indiana Agbioscience Publications ................................................................................ 24 Agbioscience Patent Generation in Indiana ...................................................................................................... 30 Examining Technology Landscapes in Patents Using Innovation Networks ..................................................... 34 Graduate Output in Agbioscience and Associated Disciplines in Indiana ......................................................... 36 Indiana’s Workforce in the Agbiosciences as Defined by Occupation Groups ................................................. 39 Chapter IV. Agbioscience Innovation in Indiana ................................................................................ 45 Innovative Agbioscience Drivers in Indiana ...................................................................................................... 45 Value-Added Food and Nutrition ...................................................................................................................... 47 Plant Science and Crop Protection .................................................................................................................... 56 Agricultural Equipment, Technologies, and Systems ........................................................................................ 61 Animal Health and Nutrition ............................................................................................................................. 67 Chapter V. Measuring the Economic Performance of Indiana’s Agbioscience Innovation Platforms .... 73 Platform Employment Data Used for Impact Analysis ...................................................................................... 73 Indiana’s Agbioscience Platform Employment ................................................................................................. 73 Output and Economic Impacts of Indiana’s Agbioscience Platforms ............................................................... 76 Chapter VI. Competing Economic Development Initiatives ................................................................ 82 Chapter VII. Conclusions ................................................................................................................... 88 Appendix A. Regional Agbioscience Analysis ..................................................................................... 90 Central Indiana’s Agbioscience Innovation Drivers........................................................................................... 90 Northeast Indiana’s Agbioscience Innovation Drivers ...................................................................................... 96 Wabash Heartland’s Agbioscience Innovation Drivers ................................................................................... 101 Appendix B. NAICS Codes Defining Agbiosciences ........................................................................... 107 Appendix C. Indiana Agbioscience VC Investments, 2015-2019 ........................................................ 108 TEConomy Partners, LLC. | Innovative Agbioscience in Indiana: 2020 Assessment i TEConomy Partners, LLC. | Innovative Agbioscience in Indiana: 2020 Assessment ii Executive Summary States and regions must make deliberate choices in terms of where they invest their time and financial resources for economic development. Cluster-based economic development is a proven practice whereby efforts are focused toward advancing industry sectors that show established or emerging strengths in a state or region and that demonstrate a line-of-sight to large-scale and expanding markets. It is very much supported by innovation-based economic development, which seeks to build robust ecosystems of research and development (R&D) and commercialization that support the ongoing competitiveness of existing industries and advance entrepreneurship and new business development. In a 2015 report, Innovative Agbioscience in Indiana: A Baseline Assessment, it was found that the agbiosciences represented a cluster of Indiana economic activity rooted in established and emerging strengths and associated with large-scale market opportunities. The report was foundational in examining the agbiosciences as a focused innovation cluster for Indiana’s economic development efforts. The report provided strategic guidance for the development, mission objectives, and initial programming of AgriNovus Indiana. Since the initial 2015 assessment, Indiana has further cemented its leadership position in the agbiosciences. Recognizing the power and promise of the sector for advancing economic development in the state, AgriNovus Indiana and its regional and statewide partners are pursuing a series of initiatives and programs designed to enhance awareness of agbioscience opportunities in Indiana, convene stakeholders to advance unique collaborations, promote entrepreneurship and new agbioscience business growth, increase access to capital, and build a science, technology, engineering, and mathematics (STEM) workforce to meet labor demands. However, since 2015, various factors have generated changes in agriculture and its associated value chains, including forces that may impact the Indiana agbioscience environment. With a mix of positive and negative developments impacting the agbiosciences globally, it is prudent to update the prior analysis and examine the sector’s promise for ongoing development in the state. This report performs these analyses. Overall, the report finds that the agbiosciences continue to represent an extremely important component of Indiana’s economy. The sector is driven by an R&D ecosystem in Indiana comprising university R&D (especially, but not exclusively, at Purdue University) and major industrial R&D operations. The Indiana agbioscience sector delivers products and services into an expanding global marketplace and is driven by four innovation-based platforms (Figure ES-1): • Value-Added Food and Nutrition—working to add value to basic agricultural commodities by changing or transforming a product from its original state to a more valuable, further-processed state. The focus of this innovation platform is on downstream, post-farmgate processing of agricultural output into value-added food, nutrition, and health products. • Plant Science and Crop Protection—enhancing the productivity of production agriculture by: creating crops with higher yields, resistance to stress, and resistance to pests and plant diseases; introducing crop varieties with enhanced functional characteristics; and developing targeted crop protection chemicals, fertilizers, soil inoculants, and other chemical and biologic inputs to production. TEConomy Partners, LLC. | Innovative Agbioscience in Indiana: 2020 Assessment ES-1 • Agricultural Equipment, Technologies, and Systems—encompassing the specialized equipment for crop and livestock production, materials handling and
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