A new initiative hopes to combine resources from the agriculture and technology sectors to move the industries forward.
The goal is to use the lure of an eventual funding commitment of more than $300 million to attract world-class scientists to central Indiana.
Officials say the Indiana Biosciences Research Institute will be the first of its kind in the nation.
Indiana is ranked as one of the top five states in the life sciences industry with a workforce of 55,000 people according to new data.
More collaboration could lead to the creation of more biosciences startups, state leaders say.
ImmuneWorks hopes to get FDA approval to test a new treatment model that could be applied to auto-immune diseases.