Date post: | 21-Nov-2014 |
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Education |
Upload: | lsu-communications-amp-university-relations |
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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