LSU System Research &Technology Foundation

Creating Economic Development Opportunities

RTF Mission

• Infrastructure

• Access to Capital

• Tech Transfer Technical Assistance

Infrastructure

• Louisiana Emerging Technology Center

• Louisiana Digital Media Center

• Research District

Why a Wet-lab Incubator

• Shortage of affordable wet lab and office space for young biotech companies

• Sufficient amount of research now in Louisiana to support startup activity

• Louisiana must transition its economy

LETC – A Wet-lab Incubator

LETC

LETC Tenants

• Esperance Pharmaceuticals – anticancer drugs

• TransGenRx – protein manufacturing

• NuPotential – reprogramming cells

• BioJENC - developing peptide vaccines

• LSU Office of Intellectual Property & Economic Development

• Louisiana Fund I – $26,725,000 Early Stage High-technology Venture Capital Fund

Digital Media Facility

Digital Media Facility

Research District

Access to Capital

• Louisiana Fund I

• Tax Incentives

• Assistance to Startups

Louisiana Fund I

• Acted as one of the original organizer

• Fund raised $ 26 million

• Invested in 13 companies

• Raised $ 81 million for those companies

• Invested in two tenants of LETC

Tax Incentives

• R&D Tax Credit

• Angel Investor Tax Credits

• Quality Jobs

• Technology Commercialization

Assistance to Startups

• Networking with investor community

• SBIR grant assistance

• Technical assistance

Technology Transfer

• Role of Foundations in Tech Transfer

• Current Role

• Future Role

Role of University Research Foundations

• Role of Foundation vary across the nation

• Starts with when the Foundation is involved

• At the beginning (WARF)

• At the end (LSURTF)

• Somewhere in the middle

Current Role

• Assistance after license is granted

• Incubator Services

• Business Technical Assistance

• Access to Capital

Future Role

• Need a consensus of the LSU family

• Back to original vision

• Stay with current role

• Somewhere in the middle