The LSU Innovation Park and Louisiana Business & Technology Center NASA SSC SDVOSB Industry Day February 3, 2015 Vic Johnson Manager of LTTO-NASA Stennis

The LSU Innovation Park and

Louisiana Business & Technology Center

NASA SSC SDVOSB Industry DayFebruary 3, 2015

Vic JohnsonManager of LTTO-NASA Stennis Space Center [email protected]: (228)688-1117

Office of Research and Economic Development

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

LSU E. J. Ourso College of Business LBTC

BusinessIncubation

Access to Networks

TechnologyTransfer

Assistance

BUSINESSCounseling

EntrepreneurialTraining

Access to Capital


• 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

Incubator Economic Impact

LSU E. J. Ourso College of Business LBTC


• 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)

LBTC Technology TransferDesignated as the one-stop shop for SBIR’s

in Louisiana

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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

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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


LSUNational GuardPending purchasePrivate

Named the 2013 Association of University Research Parks Emerging Research Park of the Year


LSU Innovation ParkMaster 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.

• 2005 LBTC Graduate of the Year

• 2013 – 40 employees• 2012 Constructed $8.1 million

Facility• 2012-13 – Sales $8,000,000

Governor at Ribbon Cutting for CAP Technologies Manufacturing and Research Center


St. James Technologieswww.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


Resources in Louisiana for Small Businesses and Entrepreneurs

• The LA Business & Technology Center/LSU, Baton Rouge– 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

• Small Business Development Centers (U.S. SBA)– 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


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.


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NBIA Incubator of the Year 2005US Department of Commerce Economic Excellence 2009NBIA Best Practices 2011-122013 AURP Emerging Research Park


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] www.lbtc.lsu.edu

• Roy Keller– Director of Louisiana Technology Transfer Office (LTTO)

– [email protected]

Documents

The LSU Innovation Park and Louisiana Business & Technology Center NASA SSC SDVOSB Industry Day February 3, 2015 Vic Johnson Manager of LTTO-NASA Stennis