The LSU Innovation Park and Louisiana Business

The LSU Innovation Park and Louisiana Business & Technology Center NASA SSC SDVOSB Industry Day February 3, 2015 Vic Johnson Manager of LTTO-NASA Stennis Space Center Office Victor. [email protected]. 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 Office of Research and Economic Development • 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 Office of Research and Economic Development 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 LSU E. J. Ourso College of Business LBTC Office of Research and Economic Development Access to Capital

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 LSU E. J. Ourso College of Business LBTC Office of Research and Economic Development

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 • Mission: Increase LA winners • LBTC office at NASA Stennis Space Center • Partner with College of Engineering On NASA Michoud Assembly Facility (NO) 6 Office of Research and Economic Development

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 Office of Research and Economic Development 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 Office of Research and Economic Development

Statewide Louisiana Programs (Leading the Flagship Agenda) Universities Served by LBTC/LTTO Entities Served by LBTC/LTTO • LSU Health Science Center • Louisiana Tech University • Mc. Neese State University • Xavier University • University of Louisiana • UNO • Southern University • Tulane University • Pennington Biomedical Research Center • The Louisiana Emerging Technology Center • The New Orleans Bio. Innovation Center • The SEED Center – Lake Charles • The Light Center – ULL • The Louisiana Business Incubation Association Office of Research and Economic Development 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 Office of Research and Economic Development

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 Office of Research and Economic Development

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 Office of Research and Economic Development

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. Office of Research and Economic Development

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 Proto. Stripes. Office of Research and Economic Development

New Initiatives of the LBTC • Joint venture with Pennington Biomedical Research Center to develop the Bio. Tech Initiative – Medical Devices – Medical Software – Access to Pennington labs, researchers, technology – 3 current tenants, 100% Capacirt, as of Nov 2014 Office of Research and Economic Development • 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 Bio. Tech Initiative • Current Tenants: – Infor. MD – Point of care monitoring solutions for patients to accelerate treatment and recovery – Care+ Ventures – Nerium Biotechnology Medical devices, medical software & medical technologies Office of Research and Economic Development

LSU National Guard Pending purchase Private Office of Research and Economic Development Named the 2013 Association of University Research Parks Emerging Research Park of the Year

LSU Innovation Park Master Plan Office of Research and Economic Development

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 Office of Research and Economic Development

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 Office of Research and Economic 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 Office of Research and Economic Development $8 million building on 2. 9 acres with option on 3. 1 additional acres for expansion

LBTC Success Stories Office of Research and Economic Development

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 Office of Research and Economic Development

CAP Technologies • Governor at Ribbon Cutting for CAP Technologies Manufacturing and Research Center Office of Research and Economic Development 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. • 2005 LBTC Graduate of the Year • 2013 – 40 employees • 2012 Constructed $8. 1 million Facility • 2012 -13 – Sales $8, 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 Office of Research and Economic Development

Resources in Louisiana for Small Businesses and Entrepreneurs • The LA Business & Technology Center/LSU, Baton Rouge – – – • Small Business Development Centers (U. S. SBA) – – • Personalized business counseling Referrals for assistance in accounting, patents, legal, etc. Assistance in identifying potential sources of funding. Access to federal labs (agencies) i. e, Stennis Space Center, Michoud. Identify potential prime contractor partners. Business incubator space Offices located throughout Louisiana. One-on-one counseling/assistance by professionals Access to the resources of the SBA Most located at or near universities (good resource too) Procurement Technical Assistance Center (PTAC) – Specializes in one-on-one assistance with government procurement Office of Research and Economic Development

Resources in Louisiana for Small Businesses and Entrepreneurs • Parish Economic Development Foundations/Entities – – • Located in most parishes throughout LA Professional assistance Access to good data bases and critical information Don’t forget area chambers of commerce! LA Economic Development (State Agency) – – Louisiana’s economic development lead entity Large, professional staff with expertise in many different areas Maintains large data bases of information Good way to get an introduction/referral to other resources. Office of Research and Economic Development

NBIA Incubator of the Year 2005 US Department of Commerce Economic Excellence 2009 NBIA Best Practices 2011 -12 2013 AURP Emerging Research Park Office of Research and Economic Development 28

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 – [email protected]. edu www. lbtc. lsu. edu • Roy Keller – Director of Louisiana Technology Transfer Office (LTTO) – [email protected]. edu Office of Research and Economic Development