Indiana University Southeast has received a $40,000 Community Collaboration Fund grant for the Entrepreneurship Through Acquisition (ETA) and Business Transition Initiative.
The grant, in partnership with regional organizations, including the Jeffersonville Township Public Library, Indiana Small Business Development Center (SBDC) Southeast and the Chamber of Commerce of Harrison County, will enable IU Southeast and IU Innovates to expand entrepreneurship education and outreach across the region by increasing awareness of ETA as a viable pathway to business ownership. Through educational programming, regional events, and partnerships with community organizations, the initiative will connect aspiring entrepreneurs with business owners planning for succession, helping preserve locally owned businesses, retain jobs, and strengthen the regional economy.
The grant will also provide students, faculty, and community members with opportunities to engage directly with industry experts, business buyers, and sellers while developing knowledge and skills related to business acquisition and transition.
As part of the grant-funded programming, IU Southeast will host a full-day event introducing main concepts to both prospective buyers and sellers. The event will take place in November 2026, ahead of Global Entrepreneurship Week activities. Another set of educational sessions will take place between January and May 2027 and will cover topics tailored specifically to buyers and, separately, to sellers. In May 2027, another one-day event will take place to continue the conversation on Entrepreneurship Through Acquisition and Business Transition and to promote the retention of economic power within the community.
The grant is funded by the Indiana Economic Development Corporation and marks the first time IU Southeast has applied for and received this award. It will be overseen by program manager Dr. Aycan Kara, IU Southeast Professor of Strategic Management and Entrepreneurship, who wrote the grant proposal with ongoing input and support from IU Innovates and IU Southeast. Kara also hopes to work with OneSI and Main Street organizations to broaden the impact of the initiative.
“At IU Southeast, as in many entrepreneurship programs throughout the region, the focus is often on startups,” said Kara. “Our students and other attendees will learn about various aspects of Entrepreneurship Through Acquisition, connect with individuals who have bought or sold businesses, and engage with experts in the field.”
The Indiana Office of Entrepreneurship and Innovation’s March 2026 report indicates that 51.7% of Indiana business owners—approximately 44,000 businesses—are age 55 or older, representing $205.5 billion in annual business revenue. Kara is excited to bring this educational programming to the local community and throughout our service region.
“It is only natural that many Baby Boomer business owners will seek to retire over the next decade. The challenge before us is to retain these businesses in our communities by ensuring that these owners have viable succession and transition plans.”
National research indicates that 92% of small businesses close rather than finding buyers or transferring to new ownership. In Indiana, an estimated $57.26 billion in revenue from 55+ owned businesses statewide could be transferred to the next generation of entrepreneurs through acquisition, particularly among businesses in the $1 million to $15 million acquisition-target tier.
“This grant will allow us to educate the next generation of potential entrepreneurs to see Entrepreneurship Through Acquisition as a viable career path,” said Kara. “It will also allow us to educate current business owners on how transitioning their businesses to family members, key operators, or aspiring owner-operators can help the community thrive, allow the owner to retire with dignity, and preserve the jobs, services, and economic value these businesses provide to our region.”
Chancellor Debbie Ford said the grant represents an investment in the future of the Kentuckiana region by helping aspiring entrepreneurs to recognize opportunities they may never have considered.
“By connecting education with real-world opportunity through the Entrepreneurship Through Acquisition and Business Transition Initiative, we’re strengthening our regional economy, supporting job creation, and ensuring that valuable businesses and the knowledge behind them remain part of our communities for generations to come.”
About IU Southeast: IU Southeast is one of nine campuses of Indiana University. Offering top-quality and nationally accredited programs in education, nursing, business, social sciences, natural sciences, arts and humanities, the scenic 180-acre campus is located less than 15 minutes from downtown Louisville, Kentucky. It currently has over 3,750 students and employs over 360 faculty members. About 400 students live on campus in five fully furnished, lodge-style residence halls. Through an agreement with the Commonwealth of Kentucky, Indiana University Southeast offers in-state tuition to students enrolled from ten counties in the Louisville region, including Bullitt, Hardin, Henry, Jefferson, Meade, Nelson, Oldham, Shelby, Trimble, and Spencer counties and discounted tuition for remaining Kentucky residents through the Indiana Partner Program. For more information, visit https://southeast.iu.edu. IU Southeast is a tobacco-free campus.
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Indiana University Southeast
Contact: Nancy Jo Trafton
812-941-2676
ntrafton@iu.edu