Introduction and Vision
Consistent with IU’s unprecedented $250 million commitment in October 2023, Indiana University is committed to fostering a vibrant ecosystem of innovation and industry collaboration and enhancing IU’s leadership role in the life/biosciences area.
IU LAB, announced in December 2024 with a $138 million grant from the Lilly Endowment Inc., is a transformational extension of this commitment. When announced, IU LAB was put forward as IU’s “gateway” to “facilitate critical academic-industry partnerships” in life and biosciences, sending a clear signal of IU’s readiness and commitment to be the best partner to industry and breaking down or eliminating prior and current barriers to engaging with IU. IU, through IU LAB, has a tremendous opportunity to expand industry engagement through highly coordinated comprehensive services (referred to as “All Services”) across the entire University including research, research services, credentialing, talent and workforce development, consulting, etc.
These investments are already paying huge dividends, including the announcements of major All Services Partnership Agreements with Cook Medical and Eli Lilly & Company, as well as several more to be announced in early 2026. The agreements signed to date designate IU LAB as the administrative and contractual lead for IU, creating a single ‘front door’ to facilitate long-term partnerships with industry partners, through which many different tasks (or projects) will flow over an extended period. The goal is to support successful long-term partnerships at the highest organization-to-organization level.
Without question, faculty leaders and innovators in many different departments, schools and centers/institutes will be absolutely key in both identifying opportunities and successfully executing funded tasks that will flow through these Agreements.
The next part of this memo outlines Core Principles and Processes that will be used to successfully execute existing All Services Partnership Agreements where IU LAB is named the administrative and contractual lead for IU.
