IEDC delegation will advance business recruitment and innovation partnerships through the more than $60 million Iron Nation-Indiana initiative
INDIANAPOLIS — November 10, 2026 — Indiana is advancing its economic partnership with Israel to attract business investment, support startup growth and create new employment opportunities in artificial intelligence, agbioscience, life sciences and defense.
Indiana Economic Development Corporation President Mitch Frazier will lead a delegation to Israel the following week to meet with business executives, venture capital investors and government officials. The visit will include participation in an Iron Nation summit and discussions with companies considering U.S. expansion.
Iron Nation-Indiana Supports Technology Commercialization
The trip builds on Iron Nation-Indiana, a more than $60 million investment and commercialization initiative launched earlier this year with Israel-based Iron Nation.
The initiative connects Israeli technology companies with Indiana corporations, healthcare systems, universities and communities. It has already helped bring IBI Ag to Indiana, where the company announced plans to establish its North American headquarters.
“Indiana and Israel share strong ties in our efforts to cultivate world-class hubs for entrepreneurship, innovation and startup growth,” said Gov. Mike Braun.
Braun said the partnership is intended to generate investment and jobs while expanding opportunities across high-growth industries.
Delegation Will Meet Companies, Founders and Investors
During the visit, Frazier will meet with U.S. and Israeli government representatives, Indiana businesses and Israeli companies with existing ties to the state.
The delegation will also engage companies evaluating U.S. growth opportunities and executives involved in pharmaceutical technology parks and the Wingate Institute, Israel’s national center for sports and athletic development.
At the Iron Nation summit, Frazier will present Indiana’s business and research capabilities to portfolio companies, founders and investors. Discussions will focus on business recruitment, startup funding and innovation partnerships.
Existing Israeli Investments Provide Foundation for Growth
Indiana is home to eight Israeli companies and investments, including IBI Ag and Prometheus Energetics.
Prometheus Energetics, a joint venture between Kratos Defense & Security Solutions and Israel-based RAFAEL Advanced Defense Systems, is building its headquarters and production facility in Greene County.
These projects illustrate the partnership’s reach across agricultural technology and defense manufacturing.
“Indiana’s economy hosts more than 1,050 foreign-based businesses that support approximately 218,300 good-paying Hoosier jobs,” said Indiana Secretary of Commerce Chuck Goodrich.
Goodrich said international partnerships help Indiana compete for investment, research and development activity, and talent.
Indiana Pursues Investment Office in Israel
Three IEDC representatives will accompany Frazier. The delegation will also advance efforts to reestablish an Indiana investment office in Israel to support ongoing business recruitment and innovation partnerships.
The economic development trip is being funded jointly by the Consulate General of Israel in Chicago and private donations to the Indiana Economic Development Foundation. Expenses paid through the foundation are expected to total up to $20,000.
About the Indiana Office of Commerce
Created by Gov. Mike Braun and led by Secretary of Commerce Chuck Goodrich, the Indiana Office of Commerce aligns and accelerates the state’s economic development efforts.
