Tony Armstrong was appointed president and CEO of IU Ventures in August 2008. At that time, he was also named assistant vice president in the Indiana University Office of the Vice President for Government Relations and Economic Engagement, where he previously served as executive director.
Armstrong works with Vice President for Government Relations and Economic Engagement Bill Stephan to further the economic development and job-creation goals of the university, especially in the health and life sciences sector. He helps guide IU’s efforts to:
- Support new business ventures
- Transfer IU-developed technologies to the marketplace
- Build partnerships with businesses and universities across Indiana and throughout the nation and world
Armstrong has long worked to cultivate economic growth in Indiana and improve the state’s economic well-being. He was associate director of the Office of Technology Commercialization at IU’s Advanced Research and Technology Institute (ARTI) from September 1997 to March 2000. At ARTI, which became the IU Research and Technology Corportation (IURTC) and now IU Ventures, he was responsible for the protection and commercialization of intellectual property developed within the IU system.
Armstrong later served as executive director and general counsel of the Indiana 21st Century Research and Technology Fund. In that role, he managed a $140 million fund that provided early-stage investments for collaborative research partnerships and cultivated high-tech industries for the state of Indiana.
In January 2005, Armstrong was appointed by then-Governor Mitch Daniels to the Indiana State Budget Agency to help manage the $26 billion annual state budget. In fiscal year 2005–07, under Governor Daniels’ leadership, the Indiana Office of Management and Budget delivered the state’s first structurally balanced budget in eight years and the first true surplus in three years, while increasing reserves and repaying payment delays.
Armstrong is a member of the Purdue University Discovery Park External Advisory Council and the Board of Visitors for the IU Kelley School of Business in Indianapolis.
A native of Madison, Indiana, Armstrong holds a B.S. from the IU Kelley School of Business, a J.D. from the IU Maurer School of Law, and an M.B.A. from Butler University.