The LSU Innovation Park and the Louisiana Business & Technology Center November 18, 2014 Vic Johnson Manager of LTTO-NASA Stennis Space Center Office Victor.johnson@ssc.nasa.gov Phone: (228)688-1117
History and LSU s Economic Development Programs (became part of ORED in 2013) LBTC Founded in 1988 Joint venture with LSU, BRAC and LPFA Original location South Stadium Drive Expanded into Plant Stores in 1998 Moved to LSU Innovation Park in 2005 LSU Innovation Park Acquired Albemarle land from state in 2005 Renamed to LSU Innovation Park from LSU South Campus Master plan 2006 EA Sports moved into building as first park tenant LA National Guard on 50 adjacent acres Emerge Center of BRSHF began construction on new building in 2013
LBTC Business Incubator 2005 National Business Incubator of the Year and 2009 US Department of Commerce EDA Excellence in Economic Development Award
The LBTC Model Business Incubation BUSINESS Counseling Access to Networks Entrepreneurial Training Technology Transfer Assistance Access to Capital Office LSU E. of J. Research Ourso College and Economic of Business Development LBTC
Incubator Economic Impact 31 Incubator Tenant Companies Creating 185 jobs in Baton Rouge 31 Student Incubator Companies creating 78 jobs 161 Graduated Tenant Companies 2,308 jobs created since 1988 133 still in business = 80% success rate Office LSU E. of J. Research Ourso College and Economic of Business Development LBTC
LBTC Technology Transfer Designated as the one-stop shop for SBIR s in Louisiana Federal and State Technology Partnership Program (FAST 2013-2014 awarded) Phase Zero Program ($2,000) Phase I - $750,000 Phase II - $1,000,000 Mission: Increase LA winners LBTC office at NASA Stennis Space Center Partner with College of Engineering On NASA Michoud Assembly Facility (NO) 6
LBTC & LSU Innovation Park Companies Successful in Winning SBIR/STTR Awards $48.5 million in SBIR grants won by LBTC clients since 2008 130 SBIR grants won by LBTC clients 4 LBTC tenants won a total of 10 awards for $1,800,000 in 2013 $720,000 in R&D Tax Credits Current Tenant Companies Electrochemical Materials (3 awards) (F) Enevana (4 awards) (F) Inventherm (2 awards) Hydroflame (1 award) (F)
Louisiana Technology Transfer Office (1999-2014) 2750 Louisiana companies receiving SBIR/technology support $79,500,000 SBIR/STTR awards won by Louisiana Businesses 282 LBTC Phase 0 Awards $2,400,000 in Government Contracts (Phase III) Secured from SBIR awards
Statewide Louisiana Programs (Leading the Flagship Agenda) Universities Served by LBTC/LTTO LSU LSU Health Science Center Louisiana Tech University McNeese State University Xavier University University of Louisiana UNO Southern University Tulane University Entities Served by LBTC/LTTO Pennington Biomedical Research Center The Louisiana Emerging Technology Center The New Orleans BioInnovation Center The SEED Center Lake Charles The Light Center ULL The Louisiana Business Incubation Association 9
LSU Student Incubator Goals Help Students to: Start and grow their businesses while in school Get their businesses started with the correct resources, mentoring, and best practices Provide a viable business as a career option upon graduation Help the Louisiana economy and keep the brightest and most innovative students in the state
Student Incubator Impact 31 Students businesses currently participating 122 Businesses assisted 78 new jobs created $2,865,000 capital raised $70,000 start up capital given to 13 student businesses since Venture Challenge Inception
LBTC Prototype Center Targets Innovators with STEM Backgrounds Focuses on a 3 phase process Feasibility Prototype Design Commercialization Feature a 3-D Printer, 3-D Scanner, and a laser cutter. Two College of Engineering Graduate Students to assist companies Funding from private and public sources
LBTC Overall Impact [Jan 1999 Sept 2014] $171,284,649 in equity, grants and loans 6,865 businesses & entrepreneurs received technical and management assistance 4,238 projects completed 2,214 companies received Small Business Innovative Research (SBIR) support 575 businesses started after receiving assistance; creating or saving at least 9,753 jobs 489 training events for 21,424 participants 35 Incubator Tenant Companies creating 185 full time jobs in Baton Rouge 161 Graduated Tenants with 2,278 jobs created since 1989 131 Still in business = 80% success rate Current Tenants have raised in access of $12 MILLION in equity investments in the last two years.
Growth 2013-2014 LBTC Activity 242 Businesses and Entrepreneurs assisted $5,277,000 in Loans, Equity and Grants raised 9 Businesses started 32 Prototype Built in the first 60 days of the ProtoStripes.
New Initiatives of the LBTC Joint venture with Pennington Biomedical Research Center to develop the BioTech Initiative Medical Devices Medical Software Access to Pennington labs, researchers, technology 3 current tenants, 100% Capacirt, as of Nov 2014 Joint venture with LSU Ag Center for a Food Technology Incubator on campus opened in August 2013 Louisiana Food Products Food Technologies/ Food Science Commercialization of Restaurant Products Value added food products Over 64 clients currently using the facility
Pennington BioTech Initiative Current Tenants: InforMD Point of care monitoring solutions for patients to accelerate treatment and recovery Care+ Ventures Nerium Biotechnology Medical devices, medical software & medical technologies
LSU National Guard Pending purchase Private Named the 2013 Association of University Research Parks Emerging Research Park of the Year
LSU Innovation Park Master Plan
Current Activity at LSU Innovation Park Louisiana Business & Technology Center 2005 National Incubator of the Year 31 businesses -165 jobs The National Center for Biomedical Research & Training (NCBRT) The Louisiana Army National Guard and Disaster Response Center (120,000 s.f. headquarters on 50 acres) Business Emergency Operations Center (BEOC) Stephenson s Disaster Management Institute Emerge of BRSHF (Autism Center) Carver Scientific Inc. 250+ jobs on site
Targeted Technologies (The Strengths of LSU) Micro-machining/Advanced Materials Energy: Exploration & Recovery Digital Media, Interactive entertainment software, software Bio-Tech, Life Sciences & Medical Devices Disaster management & Homeland security / Anti-terrorism Green energy, green tech, alternate energy, sustainability products Sea, Coast and the Environment High Speed computing Agriculture and Food Technology Engineering and Product Development
Emerge Center of Baton Rouge Speech and Hearing Foundation Programs Special research & training for children with Autism Spectrum Disabilities Training and Education for other speech and hearing disorders Works with LSU s faculty and students in Speech, Psychology, Health Sciences, and Communications Employs 40 full time and 30 student interns annually $8 million building on 2.9 acres with option on 3.1 additional acres for expansion
LBTC Success Stories
Carver Scientific Technology Materials and polymers uniquely suited for energy markets - dielectric materials, insulative coatings, energy conversion. High Energy Density Capacitors Systems, processes, and materials combine to optimize storage characteristics. Expanding to 10,000 square feet and 12 scientists
CAP Technologies CAP Technologies is developing the Electrolytic Plasma Technology [EPT], which is an effective surface engineering tool that combines cleaning and coating of metals. EPT is a green technology that can replace use of acid in cleaning steel. Governor at Ribbon Cutting for CAP Technologies Manufacturing and Research Center 2005 LBTC Graduate of the Year 2013 40 employees 2012 Constructed $8.1 million Facility 2012-13 Sales $8,000,000
St. James Technologies www.stjtechs.com Developed handheld barge drafting device and vessel drafting measurement tool. Created solutions for video monitoring in remote locations and data extraction on mobile harbor cranes. Developing innovative technologies in marine & cargo handling industry. Established 2009 16 employees, hiring more Six patents and prototype manufacturing Signed major contract with Gottwald Cranes in Germany Ready to graduate from LBTC to LSU Innovation Park
NBIA Incubator of the Year 2005 US Department of Commerce Economic Excellence 2009 NBIA Best Practices 2011-12 2013 AURP Emerging Research Park 26
Questions? Charles F. D Agostino, LSU MBA 1972 Executive Director of the Louisiana Business & Technology Center and the LSU Innovation Park (ORED) Interim Executive Director of the Stephenson Entrepreneurship Institute cdag@lsu.edu www.lbtc.lsu.edu Roy Keller Director of Louisiana Technology Transfer Office (LTTO) rkeller@lsu.edu