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Venture capital search brings healthy results.
By Norm Heikens, The Indianapolis Star Knight Ridder/Tribune Business News
Feb. 4--Renal Solutions, a West Lafayette artificial kidney developer, moved to Pittsburgh in 2003 after it was welcomed with more than $15 million in startup financing.
In November last year, NoInk Communications, a small Carmel software developer, sold out to a Silicon Valley competitor partly because it couldn't find capital locally to expand.
But a Chicago software startup has moved to Indiana, where it has found willing individual investors, and supporters hope its story will become commonplace as the state tries to rebuild its struggling economy.
Vasc-Alert settled in West Lafayette late last year after a cardiologist, dentist, consultant and former grain elevator manager -- all Hoosiers -- injected $400,000 to help it build a customer base.
Tiny Vasc-Alert didn't prompt a ribbon-cutting, and President John Kennedy doubts it will grow much …
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